BORROWING BASE: The overall Borrowing Base for the Borrower's credit facilities, including the Term Loan, is equal to 70% of Acceptable Inventory. Acceptable Inventory shall be as defined in Borrower's current Credit Agreement dated as of November 21,...Term Loan Agreement • May 22nd, 1997 • Ultimate Electronics Inc • Retail-radio, tv & consumer electronics stores
Norwest Bank of Colorado, National Association ("Norwest") and Norwest Business Credit, Inc. ("NBCI") are pleased to present Ultimate Electronics, Inc. this commitment for the term loan described below. This commitment is expressly conditioned as set forth in the Conditions Precedent paragraph below.
