Total Qualified Accounts Sample Clauses

Total Qualified Accounts. $_________ 2. 80% of Total Qualified Accounts $_________ 3. Total Qualified Inventory $_________ 4. 50% of Total Qualified Inventory $_________ 5. Total Fixed Assets $_________ 6. 50% of Total Fixed Assets $_________ 7. Balance of Term Loans $_________ 8. Lesser of Borrowing Base (2 plus 4 plus 6 minus 7) or $55 million $_________ 9. Outstanding Balance of Revolving Credit $_________ 10. Amount Available for Borrowing under Revolving Credit (8 minus 9) $_________ There are no Defaults or Events of Default (as those terms are defined in Section 1.2 of the Credit Agreement) in existence as of the date of this letter. The undersigned certifies to the Agent and the Lenders that, to the best of the undersigned's knowledge, information, and belief (based upon all financial and related information available to the undersigned), this Borrowing Base Certificate is a complete, accurate, and true statement of all items listed above. ---------------------------------- Executive Vice President of Finance and Administration EXHIBIT "B" FORM OF COMPLIANCE CERTIFICATE In accordance with the provisions of Section 5.1(c) of the Credit Agreement (the "Credit Agreement") dated October 28, 1997, by and among Central Sprinkler Corporation, Central Sprinkler Company, Central Castings Corporation, Central CPVC Corporation, and Central Sprinkler Export Corporation (together with any other Borrowers identified therein from time to time, the "Borrowers"), CoreStates Bank, N.A. (in its capacity as Agent for the Lenders), and the Lenders identified therein, the undersigned, ___________________, being the Executive Vice President of Finance and Administration and authorized officer of Borrowers, does hereby certify to the Agent and Lenders that, to best of the undersigned's knowledge, information, and belief (based upon all financial and related information available to the undersigned):
Sample 1
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Related to Total Qualified Accounts

  • Bank Accounts; Cash Balances (a) Each Party agrees to take, or cause the members of its Group to take, at the Effective Time (or such earlier time as the Parties may agree), all actions necessary to amend all contracts or agreements governing each bank and brokerage account owned by SpinCo or any other member of the SpinCo Group (collectively, the “SpinCo Accounts”) and all contracts or agreements governing each bank or brokerage account owned by Parent or any other member of the Parent Group (collectively, the “Parent Accounts”) so that each such SpinCo Account and Parent Account, if currently Linked (whether by automatic withdrawal, automatic deposit or any other authorization to transfer funds from or to, hereinafter “Linked”) to any Parent Account or SpinCo Account, respectively, is de-Linked from such Parent Account or SpinCo Account, respectively.

  • The Investment Account; Eligible Investments (a) Not later than the Withdrawal Date, the Master Servicer shall withdraw or direct the withdrawal of funds in the Custodial Accounts for P&I, for deposit in the Investment Account, in an amount representing:

  • Investment and Availability of Federal Funds Upon mutual agreement between the Fund and the Custodian, the Custodian shall, upon the receipt of Proper Instructions,

  • Minimum Liquidity The Borrower shall not permit Liquidity at any time to be less than $50,000,000.

  • Management Accounts The Management Accounts:

  • Bank Accounts; Investments Capital Contributions, revenues and any other Company funds shall, as directed by Preferred, be deposited by the Company in trading accounts (whether “regulated” or “unregulated”) established in the name of the Company. As provided by Rule 4.20(c) of the Commodity Futures Trading Commission (the “CFTC”), no other funds shall be deposited into the Company’s trading accounts or commingled with Company investments. Funds deposited in the Company’s trading accounts may be withdrawn only to be invested in furtherance of the Company’s purposes, to pay Company debts or obligations or to be distributed to the Members pursuant to this Agreement.

  • Minimum Consolidated Net Worth Permit the Consolidated Net Worth of the Company at the end of any fiscal quarter to be less than US$11,250,000,000 (“Minimum Amount”).

  • Small Accounts The Trustees or their authorized agents may establish, from time to time, one or more minimum investment amounts for Shareholder accounts, which may differ within and among any Series or Class, and may impose account fees on (which may be satisfied by involuntarily redeeming the requisite number of Shares in any such account in the amount of such fee), and/or require the involuntary redemption of Shares held in, those accounts the net asset value of which for any reason falls below such established minimum investment amounts, or may authorize the Trust to convert any such Shares in such account to Shares of another Series or Class (whether of the same or a different Series), or take any other such action with respect to minimum investment amounts as may be deemed necessary or appropriate by the Trustees or their authorized agents, in each case upon such terms as shall be established by the Trustees or their authorized agents.

  • Control Accounts; Approved Deposit Accounts Each Loan Party shall (i) deposit in an Approved Deposit Account all Cash it receives, (ii) not establish or maintain any Securities Account or Commodities Account that is not a Control Account and (iii) not establish or maintain any Deposit Account other than an Approved Deposit Account, provided however that notwithstanding the foregoing, each Loan Party may (w) maintain zero-balance accounts for the purpose of managing local disbursements and collections and may maintain payroll, withholding tax and other fiduciary accounts, (x) maintain accounts into which amounts are paid by a governmental entity pursuant to one or more Health Care Laws so long as the amounts on deposit therein are transferred each Business Day to an Approved Deposit Account or any other account permitted to be so utilized under this Section 5.14, (y) maintain other accounts as long as the aggregate monthly average daily balance over the immediately preceding 12-month period for all such Loan Parties in all such other accounts does not exceed $3,000,000 at any time and (z) make pledges or cash deposits permitted by Section 6.02.

  • Asset Coverage Ratio The Borrower will not permit the Asset Coverage Ratio to be less than 2.00 to 1 at any time.

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