Common use of Total Debt to EBITDA Clause in Contracts

Total Debt to EBITDA. 1. Total Debt as of the end the relevant Computation Period $ 2. EBITDA for the relevant Computation Period $ 3. Total Debt to EBITDA Ratio [(1) divided by (2)] to 1 4. Permitted Maximum 4.75 to 1 $ [ , 200 ] [City, State] The undersigned, Atlas CanAmPac Acquisition Corp., a Delaware corporation (“Borrower”), for value received, promises to pay to the order of Atlas Industries Holdings LLC, a Delaware limited liability company (“Lender”), at its principal office of Xxx Xxxxx Xxxxx Xxxxx, Xxxxx 000, Xxxxxxxxx, Xxxxxxxxxxx 00000, the aggregate unpaid amount of all Loans made to Borrower by Lender pursuant to the Credit Agreement referred to below, such principal amount to be payable on the dates set forth in the Credit Agreement. Borrower further promises to pay interest on the unpaid principal amount of each Loan from the date of such Loan until such Loan is paid in full, payable at the rate(s) and at the time(s) set forth in the Credit Agreement. Payments of both principal and interest are to be made in lawful money of the United States of America. This Note evidences indebtedness incurred under, and is subject to the terms and provisions of, the Credit Agreement, dated as of November , 2007 (as amended or otherwise modified from time to time, the “Credit Agreement”; terms not otherwise defined herein are used herein as defined in the Credit Agreement), between Borrower and Atlas Industries Holdings LLC, as lender, to which Credit Agreement reference is hereby made for a statement of the terms and provisions under which this Note may or must be paid prior to its due date or its due date accelerated. This Note is made under and governed by the laws of the State of New York applicable to contracts made and to be performed entirely within such State. ATLAS CANAMPAC ACQUISITION CORP. By: Title: Please refer to the Credit Agreement dated as of November , 2007 (as amended or otherwise modified from time to time, the “Credit Agreement”) between the undersigned (“Borrower”) and Atlas Industries Holdings LLC, a Delaware limited liability company, as Lender. Capitalized terms used herein and not otherwise defined shall have the meanings ascribed thereto in the Credit Agreement. This notice is given pursuant to Section 2.2.2 of the Credit Agreement. Borrower hereby requests a borrowing under the Credit Agreement as follows: The aggregate amount of the proposed borrowing is [$ ]. The requested borrowing date for the proposed borrowing (which is a Business Day) is [ , 200 ]. The Revolving Loans comprising the proposed borrowing are [Base Rate][LIBOR] Loans. The duration of the Interest Period for each LIBOR Loan made as part of the proposed borrowing, if applicable, is [ ] months [(which shall be 1, 2, 3 or 6 months)]. Borrower has caused this Notice to be executed and delivered by its officer thereunto duly authorized on [ , 200 ]. ATLAS CANAMPAC ACQUISITION CORP. By: Title: Please refer to the Credit Agreement dated as of November , 2007 (as amended or otherwise modified from time to time, the “Credit Agreement”) between the undersigned (“Borrower”) and Atlas Industries Holdings LLC, a Delaware limited liability company, as Lender. Capitalized terms used herein and not otherwise defined shall have the meanings ascribed thereto in the Credit Agreement. This notice is given pursuant to Section 2.2.3 of the Credit Agreement. Borrower hereby requests a [conversion][continuation] of [Term A Loans][Term B Loans][Revolving Loans] as follows: The date of the proposed [conversion] [continuation] is [ , 200 ] (which shall be a Business Day). The aggregate amount of the [Term [A][B] Loans] [Revolving Loans] proposed to be [converted] [continued] is $ . [Specify which part is to be converted and which part is to be continued, if appropriate.] The Loans to be [continued] [converted] are [Base Rate Loans] [LIBOR Loans] and the Loans resulting from the proposed [conversion] [continuation] will be [Base Rate Loans] [LIBOR Loans]. The duration of the requested Interest Period for each LIBOR Loan made as part of the proposed [conversion] [continuation] is [ ] months (which shall be 1, 2, 3 or 6 months). Borrower has caused this Notice to be executed and delivered by its officer thereunto duly authorized on [ , 200 ]. ATLAS CANAMPAC ACQUISITION CORP. By: Title: Please refer to the Credit Agreement dated as of November , 2007 (as amended or otherwise modified from time to time, the “Credit Agreement”) between the undersigned (“Borrower”) and Atlas Industries Holdings LLC, as lender (together with any successors or assigns, the “Lender”). This certificate (this “Certificate”), together with supporting calculations attached hereto, is delivered to Lender pursuant to the terms of the Credit Agreement. Capitalized terms used but not otherwise defined herein shall have the same meanings herein as in the Credit Agreement. Borrower hereby certifies and warrants that at the close of business on [ , 200 ] (the “Calculation Date”), Borrowing Availability was [$ ], computed as set forth on the schedule attached hereto. Borrower has caused this Certificate to be executed and delivered by its officer thereunto duly authorized on [ , 200 ]. By: Title: 1. Gross Accounts $ 2. Less Ineligibles - Does not arise from sale of goods or services $ - Lender’s Lien not perfected/Subject to other Lien $ - Subject to offset, etc. $ - Account Debtor in bankruptcy $ - Account Debtor not in U.S. or Canada $ - Sale on approval, sale or return, xxxx and hold or consignment $ - Arises outside the ordinary course $ - Governmental Accounts $ - Exceeds credit limits $ - Chattel Paper $ - Over 60 days past due or over 90 days past invoice date $ - Affiliate receivables $ - Cross-age $ - Concentration $ - Not denominated in Dollars $ - Other $ - Total $ 3. Eligible Accounts [Item 1 minus Item 2] $ 4. Item 3 times 85% $ 5. Gross Inventory $ 6. Less Ineligibles - Lender’s Lien not perfected/Subject to other Lien $ - Not Salable $ - Located off-site and no Collateral Access Agreement $ - Arises outside the ordinary course $ - “Hot Goods” $ - Restrictive Agreement $ - Not located in U.S. $ - In-transit or held or delivered on consignment $ - Other $ - Total $ 7. Eligible Inventory [Item 5 minus Item 6] $ 8. Item 7 times 65% $ 9. Item 4 plus Item 8 $ 10. Lesser of Item 9 and Revolving Loan Commitment $ 11. Reserves and allowances $ 12. Borrowing Availability [Item 10 minus Item 11] $ 13. Revolving Loans $ 14. Net Availability [Excess of Item 12 over Item 13] $ 15. Required Prepayment [Excess of Item 13 over Item 12] $

Total Debt to EBITDA. 1. Total Debt as of the end the relevant Computation Period $ 2. EBITDA for the relevant Computation Period $ 3. Total Debt to EBITDA Ratio [(1) divided by (2)] to 1 4. Permitted Maximum 4.75 4.25 to 1 $ [ , 200 ] [City, State] The undersigned, Atlas CanAmPac Metal Acquisition Corp., a Delaware corporation (“Borrower”), for value received, promises to pay to the order of Atlas Industries Holdings LLC, a Delaware limited liability company (“Lender”), at its principal office of Xxx Xxxxx Xxxxx Xxxxx, Xxxxx 000, Xxxxxxxxx, Xxxxxxxxxxx 00000, the aggregate unpaid amount of all Loans made to Borrower by Lender pursuant to the Credit Agreement referred to below, such principal amount to be payable on the dates set forth in the Credit Agreement. Borrower further promises to pay interest on the unpaid principal amount of each Loan from the date of such Loan until such Loan is paid in full, payable at the rate(s) and at the time(s) set forth in the Credit Agreement. Payments of both principal and interest are to be made in lawful money of the United States of America. This Note evidences indebtedness incurred under, and is subject to the terms and provisions of, the Credit Agreement, dated as of November , 2007 (as amended or otherwise modified from time to time, the “Credit Agreement”; terms not otherwise defined herein are used herein as defined in the Credit Agreement), between Borrower and Atlas Industries Holdings LLC, as lender, to which Credit Agreement reference is hereby made for a statement of the terms and provisions under which this Note may or must be paid prior to its due date or its due date accelerated. This Note is made under and governed by the laws of the State of New York applicable to contracts made and to be performed entirely within such State. ATLAS CANAMPAC METAL ACQUISITION CORP. By: Title: Please refer to the Credit Agreement dated as of November , 2007 (as amended or otherwise modified from time to time, the “Credit Agreement”) between the undersigned (“Borrower”) and Atlas Industries Holdings LLC, a Delaware limited liability company, as Lender. Capitalized terms used herein and not otherwise defined shall have the meanings ascribed thereto in the Credit Agreement. This notice is given pursuant to Section 2.2.2 of the Credit Agreement. Borrower hereby requests a borrowing under the Credit Agreement as follows: The aggregate amount of the proposed borrowing is [$ ]. The requested borrowing date for the proposed borrowing (which is a Business Day) is [ , 200 ]. The Revolving Loans comprising the proposed borrowing are [Base Rate][LIBOR] Loans. The duration of the Interest Period for each LIBOR Loan made as part of the proposed borrowing, if applicable, is [ ] months [(which shall be 1, 2, 3 or 6 months)]. Borrower has caused this Notice to be executed and delivered by its officer thereunto duly authorized on [ , 200 ]. ATLAS CANAMPAC METAL ACQUISITION CORP. By: Title: Please refer to the Credit Agreement dated as of November , 2007 (as amended or otherwise modified from time to time, the “Credit Agreement”) between the undersigned (“Borrower”) and Atlas Industries Holdings LLC, a Delaware limited liability company, as Lender. Capitalized terms used herein and not otherwise defined shall have the meanings ascribed thereto in the Credit Agreement. This notice is given pursuant to Section 2.2.3 of the Credit Agreement. Borrower hereby requests a [conversion][continuation] of [Term A Loans][Term B Loans][Revolving Loans] as follows: The date of the proposed [conversion] [continuation] is [ , 200 ] (which shall be a Business Day). The aggregate amount of the [Term [A][B] Loans] [Revolving Loans] proposed to be [converted] [continued] is $ . [Specify which part is to be converted and which part is to be continued, if appropriate.] The Loans to be [continued] [converted] are [Base Rate Loans] [LIBOR Loans] and the Loans resulting from the proposed [conversion] [continuation] will be [Base Rate Loans] [LIBOR Loans]. The duration of the requested Interest Period for each LIBOR Loan made as part of the proposed [conversion] [continuation] is [ ] months (which shall be 1, 2, 3 or 6 months). Borrower has caused this Notice to be executed and delivered by its officer thereunto duly authorized on [ , 200 ]. ATLAS CANAMPAC METAL ACQUISITION CORP. By: Title: Please refer to the Credit Agreement dated as of November , 2007 (as amended or otherwise modified from time to time, the “Credit Agreement”) between the undersigned (“Borrower”) and Atlas Industries Holdings LLC, as lender (together with any successors or assigns, the “Lender”). This certificate (this “Certificate”), together with supporting calculations attached hereto, is delivered to Lender pursuant to the terms of the Credit Agreement. Capitalized terms used but not otherwise defined herein shall have the same meanings herein as in the Credit Agreement. Borrower hereby certifies and warrants that at the close of business on [ , 200 ] (the “Calculation Date”), Borrowing Availability was [$ ], computed as set forth on the schedule attached hereto. Borrower has caused this Certificate to be executed and delivered by its officer thereunto duly authorized on [ , 200 ]. By: Title: 1. Gross Accounts $ 2. Less Ineligibles - Does not arise from sale of goods or services $ - Lender’s Lien not perfected/Subject to other Lien $ - Subject to offset, etc. $ - Account Debtor in bankruptcy $ - Account Debtor not in U.S. or Canada $ - Sale on approval, sale or return, xxxx and hold or consignment $ - Arises outside the ordinary course $ - Governmental Accounts $ - Exceeds credit limits $ - Chattel Paper $ - Over 60 days past due or over 90 days past invoice date $ - Affiliate receivables $ - Cross-age $ - Concentration $ - Not denominated in Dollars $ - Other $ - Total $ 3. Eligible Accounts [Item 1 minus Item 2] $ 4. Item 3 times 85% $ 5. Gross Inventory $ 6. Less Ineligibles - Lender’s Lien not perfected/Subject to other Lien $ - Not Salable $ - Located off-site and no Collateral Access Agreement $ - Arises outside the ordinary course $ - “Hot Goods” $ - Restrictive Agreement $ - Not located in U.S. $ - In-transit or held or delivered on consignment $ - Other $ - Total $ 7. Eligible Inventory [Item 5 minus Item 6] $ 8. Item 7 times 65% $ 9. Item 4 plus Item 8 $ 10. Lesser of Item 9 and Revolving Loan Commitment $ 11. Reserves and allowances $ 12. Borrowing Availability [Item 10 minus Item 11] $ 13. Revolving Loans $ 14. Net Availability [Excess of Item 12 over Item 13] $ 15. Required Prepayment [Excess of Item 13 over Item 12] $

Total Debt to EBITDA. 1. Total Debt as of the end the relevant Computation Period $ 2. EBITDA for the relevant Computation Period $ 3. Total Debt to EBITDA Ratio [(1) divided by (2)] to 1 4. Permitted Maximum 4.75 6.0 to 1 $ [ , 200 ] [City, State] The undersigned, Atlas CanAmPac Forest Acquisition Corp., a Delaware corporation (“Borrower”), for value received, promises to pay to the order of Atlas Industries Holdings LLC, a Delaware limited liability company (“Lender”), at its principal office of Xxx Xxxxx Xxxxx Xxxxx, Xxxxx 000, Xxxxxxxxx, Xxxxxxxxxxx 00000, the aggregate unpaid amount of all Loans made to Borrower by Lender pursuant to the Credit Agreement referred to below, such principal amount to be payable on the dates set forth in the Credit Agreement. Borrower further promises to pay interest on the unpaid principal amount of each Loan from the date of such Loan until such Loan is paid in full, payable at the rate(s) and at the time(s) set forth in the Credit Agreement. Payments of both principal and interest are to be made in lawful money of the United States of America. This Note evidences indebtedness incurred under, and is subject to the terms and provisions of, the Credit Agreement, dated as of November , 2007 (as amended or otherwise modified from time to time, the “Credit Agreement”; terms not otherwise defined herein are used herein as defined in the Credit Agreement), between Borrower and Atlas Industries Holdings LLC, as lender, to which Credit Agreement reference is hereby made for a statement of the terms and provisions under which this Note may or must be paid prior to its due date or its due date accelerated. This Note is made under and governed by the laws of the State of New York applicable to contracts made and to be performed entirely within such State. ATLAS CANAMPAC FOREST ACQUISITION CORP. By: Title: Please refer to the Credit Agreement dated as of November , 2007 (as amended or otherwise modified from time to time, the “Credit Agreement”) between the undersigned (“Borrower”) and Atlas Industries Holdings LLC, a Delaware limited liability company, as Lender. Capitalized terms used herein and not otherwise defined shall have the meanings ascribed thereto in the Credit Agreement. This notice is given pursuant to Section 2.2.2 of the Credit Agreement. Borrower hereby requests a borrowing under the Credit Agreement as follows: The aggregate amount of the proposed borrowing is [$ ]. The requested borrowing date for the proposed borrowing (which is a Business Day) is [ , 200 ]. The Revolving Loans comprising the proposed borrowing are [Base Rate][LIBOR] Loans. The duration of the Interest Period for each LIBOR Loan made as part of the proposed borrowing, if applicable, is [ ] months [(which shall be 1, 2, 3 or 6 months)]. Borrower has caused this Notice to be executed and delivered by its officer thereunto duly authorized on [ , 200 ]. ATLAS CANAMPAC FOREST ACQUISITION CORP. By: Title: Please refer to the Credit Agreement dated as of November , 2007 (as amended or otherwise modified from time to time, the “Credit Agreement”) between the undersigned (“Borrower”) and Atlas Industries Holdings LLC, a Delaware limited liability company, as Lender. Capitalized terms used herein and not otherwise defined shall have the meanings ascribed thereto in the Credit Agreement. This notice is given pursuant to Section 2.2.3 of the Credit Agreement. Borrower hereby requests a [conversion][continuation] of [Term A Loans][Term B Loans][Revolving Loans] as follows: The date of the proposed [conversion] [continuation] is [ , 200 ] (which shall be a Business Day). The aggregate amount of the [Term [A][B] Loans] [Revolving Loans] proposed to be [converted] [continued] is $ . [Specify which part is to be converted and which part is to be continued, if appropriate.] The Loans to be [continued] [converted] are [Base Rate Loans] [LIBOR Loans] and the Loans resulting from the proposed [conversion] [continuation] will be [Base Rate Loans] [LIBOR Loans]. The duration of the requested Interest Period for each LIBOR Loan made as part of the proposed [conversion] [continuation] is [ ] months (which shall be 1, 2, 3 or 6 months). Borrower has caused this Notice to be executed and delivered by its officer thereunto duly authorized on [ , 200 ]. ATLAS CANAMPAC FOREST ACQUISITION CORP. By: Title: Please refer to the Credit Agreement dated as of November , 2007 (as amended or otherwise modified from time to time, the “Credit Agreement”) between the undersigned (“Borrower”) and Atlas Industries Holdings LLC, as lender (together with any successors or assigns, the “Lender”). This certificate (this “Certificate”), together with supporting calculations attached hereto, is delivered to Lender pursuant to the terms of the Credit Agreement. Capitalized terms used but not otherwise defined herein shall have the same meanings herein as in the Credit Agreement. Borrower hereby certifies and warrants that at the close of business on [ , 200 ] (the “Calculation Date”), Borrowing Availability was [$ ], computed as set forth on the schedule attached hereto. Borrower has caused this Certificate to be executed and delivered by its officer thereunto duly authorized on [ , 200 ]. By: Title: 1. Gross Accounts $ 2. Less Ineligibles - Does not arise from sale of goods or services $ - Lender’s Lien not perfected/Subject to other Lien $ - Subject to offset, etc. $ - Account Debtor in bankruptcy $ - Account Debtor not in U.S. or Canada $ - Sale on approval, sale or return, xxxx and hold or consignment $ - Arises outside the ordinary course $ - Governmental Accounts $ - Exceeds credit limits $ - Chattel Paper $ - Over 60 days past due or over 90 days past invoice date $ - Affiliate receivables $ - Cross-age $ - Concentration $ - Not denominated in Dollars $ - Other $ - Total $ 3. Eligible Accounts [Item 1 minus Item 2] $ 4. Item 3 times 85% $ 5. Gross Inventory $ 6. Less Ineligibles - Lender’s Lien not perfected/Subject to other Lien $ - Not Salable $ - Located off-site and no Collateral Access Agreement $ - Arises outside the ordinary course $ - “Hot Goods” $ - Restrictive Agreement $ - Not located in U.S. $ - In-transit or held or delivered on consignment $ - Other $ - Total $ 7. Eligible Inventory [Item 5 minus Item 6] $ 8. Item 7 times 65% $ 9. Item 4 plus Item 8 $ 10. Lesser of Item 9 and Revolving Loan Commitment $ 11. Reserves and allowances $ 12. Borrowing Availability [Item 10 minus Item 11] $ 13. Revolving Loans $ 14. Net Availability [Excess of Item 12 over Item 13] $ 15. Required Prepayment [Excess of Item 13 over Item 12] $

Total Debt to EBITDA. 1. Total Debt as of the end the relevant Computation Period $ 2. EBITDA for the relevant Computation Period $ 3. Total Debt to EBITDA Ratio [(1) divided by (2)] to 1 4. Permitted Maximum 4.75 4.25 to 1 $ [ , 200 ] [City, State] The undersigned, Atlas CanAmPac Xxxxxxxx Acquisition Corp., a Delaware corporation (“Borrower”), for value received, promises to pay to the order of Atlas Industries Holdings LLC, a Delaware limited liability company (“Lender”), at its principal office of Xxx Xxxxx Xxxxx Xxxxx, Xxxxx 000, Xxxxxxxxx, Xxxxxxxxxxx 00000, the aggregate unpaid amount of all Loans made to Borrower by Lender pursuant to the Credit Agreement referred to below, such principal amount to be payable on the dates set forth in the Credit Agreement. Borrower further promises to pay interest on the unpaid principal amount of each Loan from the date of such Loan until such Loan is paid in full, payable at the rate(s) and at the time(s) set forth in the Credit Agreement. Payments of both principal and interest are to be made in lawful money of the United States of America. This Note evidences indebtedness incurred under, and is subject to the terms and provisions of, the Credit Agreement, dated as of November , 2007 (as amended or otherwise modified from time to time, the “Credit Agreement”; terms not otherwise defined herein are used herein as defined in the Credit Agreement), between Borrower and Atlas Industries Holdings LLC, as lender, to which Credit Agreement reference is hereby made for a statement of the terms and provisions under which this Note may or must be paid prior to its due date or its due date accelerated. This Note is made under and governed by the laws of the State of New York applicable to contracts made and to be performed entirely within such State. ATLAS CANAMPAC XXXXXXXX ACQUISITION CORP. By: Title: Please refer to the Credit Agreement dated as of November , 2007 (as amended or otherwise modified from time to time, the “Credit Agreement”) between the undersigned (“Borrower”) and Atlas Industries Holdings LLC, a Delaware limited liability company, as Lender. Capitalized terms used herein and not otherwise defined shall have the meanings ascribed thereto in the Credit Agreement. This notice is given pursuant to Section 2.2.2 of the Credit Agreement. Borrower hereby requests a borrowing under the Credit Agreement as follows: The aggregate amount of the proposed borrowing is [$ ]. The requested borrowing date for the proposed borrowing (which is a Business Day) is [ , 200 ]. The Revolving Loans comprising the proposed borrowing are [Base Rate][LIBOR] Loans. The duration of the Interest Period for each LIBOR Loan made as part of the proposed borrowing, if applicable, is [ ] months [(which shall be 1, 2, 3 or 6 months)]. Borrower has caused this Notice to be executed and delivered by its officer thereunto duly authorized on [ , 200 ]. ATLAS CANAMPAC XXXXXXXX ACQUISITION CORP. By: Title: Please refer to the Credit Agreement dated as of November , 2007 (as amended or otherwise modified from time to time, the “Credit Agreement”) between the undersigned (“Borrower”) and Atlas Industries Holdings LLC, a Delaware limited liability company, as Lender. Capitalized terms used herein and not otherwise defined shall have the meanings ascribed thereto in the Credit Agreement. This notice is given pursuant to Section 2.2.3 of the Credit Agreement. Borrower hereby requests a [conversion][continuation] of [Term A Loans][Term B Loans][Revolving Loans] as follows: The date of the proposed [conversion] [continuation] is [ , 200 ] (which shall be a Business Day). The aggregate amount of the [Term [A][B] Loans] [Revolving Loans] proposed to be [converted] [continued] is $ . [Specify which part is to be converted and which part is to be continued, if appropriate.] The Loans to be [continued] [converted] are [Base Rate Loans] [LIBOR Loans] and the Loans resulting from the proposed [conversion] [continuation] will be [Base Rate Loans] [LIBOR Loans]. The duration of the requested Interest Period for each LIBOR Loan made as part of the proposed [conversion] [continuation] is [ ] months (which shall be 1, 2, 3 or 6 months). Borrower has caused this Notice to be executed and delivered by its officer thereunto duly authorized on [ , 200 ]. ATLAS CANAMPAC XXXXXXXX ACQUISITION CORP. By: Title: Please refer to the Credit Agreement dated as of November , 2007 (as amended or otherwise modified from time to time, the “Credit Agreement”) between the undersigned (“Borrower”) and Atlas Industries Holdings LLC, as lender (together with any successors or assigns, the “Lender”). This certificate (this “Certificate”), together with supporting calculations attached hereto, is delivered to Lender pursuant to the terms of the Credit Agreement. Capitalized terms used but not otherwise defined herein shall have the same meanings herein as in the Credit Agreement. Borrower hereby certifies and warrants that at the close of business on [ , 200 ] (the “Calculation Date”), Borrowing Availability was [$ ], computed as set forth on the schedule attached hereto. Borrower has caused this Certificate to be executed and delivered by its officer thereunto duly authorized on [ , 200 ]. By: Title: 1. Gross Accounts $ 2. Less Ineligibles - Does not arise from sale of goods or services $ - Lender’s Lien not perfected/Subject to other Lien $ - Subject to offset, etc. $ - Account Debtor in bankruptcy $ - Account Debtor not in U.S. or Canada $ - Sale on approval, sale or return, xxxx and hold or consignment $ - Arises outside the ordinary course $ - Governmental Accounts $ - Exceeds credit limits $ - Chattel Paper $ - Over 60 days past due or over 90 days past invoice date $ - Affiliate receivables $ - Cross-age $ - Concentration $ - Not denominated in Dollars $ - Other $ - Total $ 3. Eligible Accounts [Item 1 minus Item 2] $ 4. Item 3 times 85% $ 5. Gross Inventory $ 6. Less Ineligibles - Lender’s Lien not perfected/Subject to other Lien $ - Not Salable $ - Located off-site and no Collateral Access Agreement $ - Arises outside the ordinary course $ - “Hot Goods” $ - Restrictive Agreement $ - Not located in U.S. $ - In-transit or held or delivered on consignment $ - Other $ - Total $ $ $ 7. Eligible Inventory [Item 5 minus Item 6] $ 8. Item 7 times 65% $ 9. Item 4 plus Item 8 $ 10. Lesser of Item 9 and Revolving Loan Commitment $ 11. Reserves and allowances $ 12. Borrowing Availability [Item 10 minus Item 11] $ 13. Revolving Loans $ 14. Net Availability [Excess of Item 12 over Item 13] $ 15. Required Prepayment [Excess of Item 13 over Item 12] $