a) the Applicable Inventory Advance Sublimit; or the sum of: (i) up to 65% of such Borrower s Eligible Inventory not covered by any outstanding Merchandise Letter of Credit; and (ii) up to 60% of such Borrower s Eligible Inventory covered by any...Loan and Security Agreement • January 13th, 1999 • Pentech International Inc • Pens, pencils & other artists' materials • New York
EXHIBIT 10.7 SETTLEMENT AGREEMENTSettlement Agreement • January 13th, 1999 • Pentech International Inc • Pens, pencils & other artists' materials
