The Borrower's Reserve for Obsolescence Sample Clauses

The Borrower's Reserve for Obsolescence. Total Inventory $ -------------- Plus Inventory being purchased under L/C $ -------------- Less: Ineligible Inventory $ -------------- Eligible Inventory $ -------------- 60% of Eligible Inventory (not to exceed $17,000,000) $ -------------- -------------- Total Borrowing Base $ -------------- -------------- Total Advances Outstanding $ -------------- Total L/Cs and time drafts $ -------------- Total Line Outstandings ($ ) -------------- -------------- Excess (Deficit) $ -------------- -------------- THE SPORTSMAN'S GUIDE, INC. By: Date: ------------------------------ --------------------------- Its: ----------------------------- EXHIBIT E ASSIGNMENT AGREEMENT This Assignment Agreement (this "Assignment Agreement") between ______________________________________________________ (the "Assignor") and ______________________________________________________ (the "Assignee") is dated as of _______________, ____. The parties hereto agree as follows:
Sample 1
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The Borrower's Reserve for Obsolescence. Total Inventory $ --------------------------- Plus Inventory being purchased under L/C $ --------------------------- Less: Ineligible Inventory $ --------------------------- Eligible Inventory $ --------------------------- 60% of Eligible Inventory (not to exceed $17,000,000 from $ December-April and $22,000,000 from May-November) -------------------------- -------------------------- Total Borrowing Base $ -------------------------- -------------------------- Total Advances Outstanding $ --------------------------- --------------------------- Total L/Cs and time drafts $ --------------------------- --------------------------- Total Line Outstandings ($ ) -------------------------- -------------------------- Excess (Deficit) $ -------------------------- -------------------------- THE SPORTSMAN'S GUIDE, INC. BY: DATE: -------------------------------------- -------------------------
Sample 1

Related to The Borrower's Reserve for Obsolescence

  • Additional Reserve Requirements The Company shall pay (or cause the applicable Designated Borrower to pay) to each Lender, (i) as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each Eurocurrency Rate Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), and (ii) as long as such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any other central banking or financial regulatory authority imposed in respect of the maintenance of the Commitments or the funding of the Eurocurrency Rate Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Commitment or Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which in each case shall be due and payable on each date on which interest is payable on such Loan, provided the Company shall have received at least 10 days’ prior notice (with a copy to the Administrative Agent) of such additional interest or costs from such Lender. If a Lender fails to give notice 10 days prior to the relevant Interest Payment Date, such additional interest or costs shall be due and payable 10 days from receipt of such notice.

  • Determination of Borrowing Base The Borrowing Base at any time shall be determined by reference to the most recent Borrowing Base Certificate and Monthly Servicing Report delivered to the Administrative Agent.

  • Additional Reserve Costs (a) If and so long as any Lender is required after the date hereof to make special deposits with the Bank of England, to maintain reserve asset ratios or to pay fees, in each case in respect of such Lender’s Eurocurrency Loans in any Designated Foreign Currency, such Lender may require the relevant Borrower to pay, contemporaneously with each payment of interest on each of such Loans, additional interest on such Loan at a rate per annum equal to the Mandatory Costs Rate calculated in accordance with the formula and in the manner set forth in Exhibit C hereto.

  • Calculation of Borrowing Base For purposes of this Agreement, the “Borrowing Base” shall be determined, as at any date of determination, as the sum of the products obtained by multiplying (x) the Value of each Eligible Portfolio Investment by (y) the applicable Advance Rate; provided that:

  • Borrowing Base If, at any time, (A) the Revolver Usage on such date exceeds (B) the lesser of (x) the Borrowing Base reflected in the Borrowing Base Certificate most recently delivered by Borrowers to Agent, or (y) the Maximum Revolver Amount, in all cases as adjusted for Reserves established by Agent in accordance with Section 2.1(c), then Borrowers shall immediately prepay the Obligations in accordance with Section 2.4(f)(i) in an aggregate amount equal to the amount of such excess.

  • Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: ____________________

  • Loan Loss Reserves With respect to the Bank, maintain at all times loan loss reserves in amounts deemed adequate by all federal and state regulatory authorities.

  • Borrowing Base Redetermination Pursuant to Section 2.07, the Administrative Agent and the Lenders agree that for the period from and including the First Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $450,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.07(e), Section 2.07(f) or Section 8.12(c). For the avoidance of doubt, the redetermination herein shall constitute the April 1, 2017 Scheduled Redetermination and the next Scheduled Redetermination shall be the October 1, 2017 Scheduled Redetermination.

  • Borrowing Base Reports Within thirty (30) days after the last day of each month, aged listings of accounts receivable and accounts payable (by invoice date) (the “Borrowing Base Reports”);

  • FINANCIAL COVENANTS OF THE BORROWER The Borrower covenants and agrees that, so long as any Loan, Unpaid Reimbursement Obligation, Letter of Credit or Note is outstanding or any Bank has any obligation to make any Loans or the Agent has any obligation to issue, extend or renew any Letters of Credit:

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