Examples of Accounts Advance Rate in a sentence
Accounts Advance Rate - 85% of Borrower's acceptable and eligible accounts receivable within 90 days from invoice date, and provided that the dilution percentage does not exceed 5%.
In the event Lender determines that Borrower's Dilution (as defined below) at any time exceeds the Maximum Dilution Percentage set forth on Schedule A, Lender may, upon notice to Borrower, reduce the Eligible Accounts Advance Rate to such lesser amount as Lender determines in its sole credit judgment.
As to each of the DSD Division and the Brand Division respectively, 85%; provided, as to each Accounts Advance Rate, that if Dilution exceeds 3%, Lender may, at its option (A) reduce such advance rate by the number of full or partial percentage points comprising such excess or (B) establish a Reserve on account of such excess (the “Dilution Reserve”).
Inventory Availability $0.00 BNCB Trade Accounts Receivable MBS Trade Accounts Receivable BNCB Net Trade Accounts Receivable MBS Net Trade Retail Accounts Receivable BNCB Trade Accounts Advance Rate [85%]* Trade Accounts Receivable Availability $0.0 BNCB Credit Card Accounts Receivable BNCB Net Credit Card Accounts Receivable BNCB Credit Card Accounts Receivable Advance Rate [90%]* Credit Card Accounts Receivable Availability $0.0 Xxxxxx & Xxxxx Education, Inc.
In addition, Section 1.1 of the Credit Agreement is amended by adding or amending, as the case may be, the following definitions: "Accounts Advance Rate" means up to eighty-five percent (85%), or such lesser rate as the Lender in its sole discretion may deem appropriate from time to time; provided that, as of any date of determination, the Accounts Advance Rate shall be reduced by one (1) percentage point for each percentage by which Dilution is in excess of 5%.