Collateral Liquidation Value definition
Collateral Liquidation Value is defined herein to mean the sum of: (i) one hundred percent (100%) of the total aggregate wholesale invoice price of all of Reseller's Financed Inventory; plus (ii) eighty five percent (85%) of the total outstanding balance of Reseller's Eligible Accounts, plus (iii) seventy-five percent (75%) of other Accounts approved by CPC in its sole discretion minus (iv) Third Party Debt.
Collateral Liquidation Value is defined herein to mean the sum of: (i) 100% of the total aggregate wholesale invoice price of all of Resellers’ Financed Inventory that is unsold and in Reseller’s possession and control and within the terms of repurchase pursuant to an agreement between CPC and a Vendor, plus (ii) 85% of Eligible Cisco VIP Rebates, plus (iii) 85% of the total outstanding balance of Reseller’s Eligible Accounts, plus (iv) without duplication, the total aggregate wholesale invoice price of all of Resellers’ Financed Inventory that is (a) drop shipped to Account Debtors within 14 calendar days or fewer (up to a maximum aggregate amount of $5,000,000 for all such Account Debtors), plus (v) without duplication, the total aggregate wholesale invoice price of all of Resellers’ Financed Inventory that is in transit to Account Debtors within 7 calendar days or fewer (up to a maximum aggregate amount of $2,500,000 for all such Account Debtors), minus (vi) the aggregate of the current principal portion of payments then owed on Third Party Debt.
Collateral Liquidation Value is defined herein to mean: (i) one hundred percent (100%) of the total aggregate wholesale invoice price of all of Dealer's Bel▇ ▇▇ch.logix division's inventory and demonstration equipment financed by DFS that is unsold and in Dealers possession and
Examples of Collateral Liquidation Value in a sentence
Regardless of the payment terms pertaining to any Collateral financed by CPC or anything contained in the Agreement to the contrary, if at the time of any determination, Resellers’ total outstanding Indebtedness exceeds the Collateral Liquidation Value (as defined below), Resellers will immediately pay CPC the sum of: (i) Resellers’ total outstanding Indebtedness, minus (ii) the Collateral Liquidation Value.
Without the Noteholders' prior written consent, the Company will not, and will not permit any Subsidiary to, sell, transfer, assign, convey or otherwise dispose of an interest in any asset now owned or hereafter acquired, except sales of assets during each calendar year that have an aggregate Collateral Liquidation Value of $150,000 or less.
CPC may establish reserves from time to time based upon dilution and other factors deemed appropriate by CPC which may further reduce the Collateral Liquidation Value.
Regardless of the payment terms pertaining to any Collateral financed by CPC or anything contained in the Credit Agreement to the contrary, if at the time of any determination, Reseller’s total outstanding Indebtedness exceeds the Collateral Liquidation Value (as defined below), Reseller will immediately pay CPC the sum of the following items: (i) Reseller's total outstanding Indebtedness, minus (ii) the Collateral Liquidation Value.
Regardless of the payment terms pertaining to any Collateral financed by CPC or anything contained in the Credit Agreement to the contrary, if at the time of any determination, Dealer’s total outstanding Indebtedness exceeds the Collateral Liquidation Value (as defined below), Dealer will immediately pay CPC the sum of the following items: (i) Dealer’s total outstanding Indebtedness, minus (ii) the Collateral Liquidation Value.
More Definitions of Collateral Liquidation Value
Collateral Liquidation Value is defined herein to mean: (i) one hundred percent (100%) of the total aggregate wholesale invoice price of all of Dealer's inventory financed by DFS that is unsold and in Dealer's possession and control and to the extent DFS has a first priority, fully perfected security interest therein; and (ii) the amount of any Irrevocable Letter of Credit issued by an institution acceptable to DFS, and in a form, amount and upon such other terms as are acceptable to DFS, in its sole discretion: in each case as of the date of the Collateral Report. If Dealer from time to time is required to make immediate payment to DFS of any past due obligation discovered during any Collateral review, upon review of a Collateral Report or at any other time, Dealer agrees that acceptance of such payment by DFS shall not be construed to have waived or amended the terms of its financing program.
Collateral Liquidation Value is defined herein to mean: (i) ONE HUNDRED percent (100%) of the total aggregate wholesale invoice ----------- price of all of Dealer's inventory financed by DFS that is unsold and in Dealer's possession and control; and (ii) FIFTY percent (50%) of ----- the total outstanding balance of Dealer's Eligible Accounts: in each case as of the date of the Collateral Report and to the extent DFS has a first priority, fully perfected security interest therein. If Dealer from time to time is required to make immediate payment to DFS of any past due obligation discovered during any Collateral review, upon review of a Collateral Report or at any other time, Dealer agrees that acceptance of such payment by DFS shall not be construed to have waived or amended the terms of its financing program. All other terms as they appear in the Agreement, to the extent consistent with the foregoing, are ratified and remain unchanged and in full force and effect.
Collateral Liquidation Value is defined herein to mean: (i) at Lenders sole discretion up to one hundred percent (100%) of the total aggregate wholesale invoice price of all of Dealer's inventory financed by Lender that is unsold and in Dealer's possession and control; and (ii) eighty five percent (85%) of the total outstanding balance of Dealer's Eligible Accounts: in each case as of the date of the Collateral Report and to the extent Lender has a first priority, fully perfected security interest therein as of the Determination Date. If Dealer from time to time is required to make any payment to Lender pursuant to the terms of this Amendment, or otherwise has any past due obligation discovered during any Collateral review, upon review of a Collateral Report or at any other time, Dealer agrees that acceptance of such payment by Lender shall not be construed to be an express or implied waiver or amendment of this Agreement or of Dealer’s financing program. Dealer waives notice of Lender’s acceptance of this Amendment. All other terms as they appear in the Agreement, to the extent consistent with the foregoing, are ratified and remain unchanged and in full force and effect.
Collateral Liquidation Value is defined herein to mean Eighty Percent (80%) of the total outstanding balance of Dealer’s Eligible Accounts as of the date of the Collateral Report and to the extent CDF has a first priority, fully perfected security interest therein. If Dealer from time to time is required to make immediate payment to CDF of any past due obligation discovered during any Collateral review, upon review of a Collateral Report or at any other time, Dealer agrees that acceptance of such payment by CDF shall not be construed to have waived or amended the terms of its financing program.”
Collateral Liquidation Value is defined herein to mean: (i) ninety percent (90%) of the net amount of Eligible Government Accounts; and (ii) eighty-five percent (85%) of the net amount of Dealer's Eligible Non-Government Accounts: in each case as of the date of the Collateral Report and to the extent DFS has a first priority, fully perfected security interest therein. If Dealer from time to time is required to make immediate payment to DFS of any past due obligation discovered during any Collateral review, upon review of a Collateral Report or at any other time, Dealer agrees that acceptance of such payment by DFS shall not be construed to have waived or amended the terms of its financing program.
Collateral Liquidation Value is defined herein to mean: (i) one hundred percent (100%) of the total aggregate wholesale invoice price of all of Dealer’s inventory financed by CDF that is unsold and in Dealer’s possession and control; and (ii) seventy-five percent (75%) of the total outstanding balance of Dealer’s Eligible Accounts: in each case as of the date of the Collateral Report and to the extent CDF has a first priority, fully perfected security interest therein. If Dealer from time to time is required to make immediate payment to CDF of any past due obligation discovered during any Collateral review, upon review of a Collateral Report or at any other time, Dealer agrees that acceptance of such payment by CDF shall not be construed to have waived or amended the terms of its financing program. Dealer waives notice of CDF’s acceptance of this Amendment. All other terms as they appear in the Agreement, to the extent consistent with the foregoing, are ratified and remain unchanged and remain unchanged and in full force and effect.
Collateral Liquidation Value is defined herein to mean: (i) one hundred percent (100%) of the total aggregate wholesale invoice price of all of Dealer's inventory financed by DFS that is unsold and in Dealer's possession and control; (ii) fifty percent (50%) of the total aggregate wholesale invoice price of all Dealer's inventory not financed by DFS that is unsold, and in Dealer's possession and control; and (iii) eighty percent (80%) of the total outstanding balance of Dealer's Eligible Accounts: in each case as of the date of the Collateral Summary Report and to the extent DFS has a first priority, fully perfected security interest