Less Ineligibles ________ 10. Gross Eligible Accounts Receivable ________ 11. Less: Dilution Reserve ________ 12. Net Eligible Accounts Receivable ________ 13. Total Availability provided by Accounts Receivable (85% of Net Eligible Accounts Receivable) ________ 14. Gross Raw Material Inventory ________ 15. Less: Raw Material Ineligibles ________ 16. Gross Eligible Raw material Inventory ________ 17. Total Raw Material Inventory Availability (40% of Eligible Raw Material Inventory) ________ 18. Work In Process Inventory ________ 19. Gross Finished Goods Inventory ________ 20. Less: Finished Goods Ineligibles ________ 21. Gross Eligible Finished Goods Inventory ________ 22. Total Finished Goods Inventory (60% of Eligible Finished Goods Inventory) ________ 23. Total Inventory Availability (The lesser of (i) the sum of Line 17 + Line 22 or (ii) 75% of line 13.) ________ 24. Current Mid-Month Borrowing Base ________ 25. Current Commitment $45,000 26. Lesser of Current Mid-Month Borrowing Base or Current Commitment ________ Less: 27. Outstanding Revolving Loans 28. Letter of Credit Obligations _________ 29. AVAILABILITY _________ - 85 - Prepared by: __________________________________________________ Certified by: __________________________________________________ Date: __________________________________________________ THIS WAREHOUSEMAN'S WAIVER, AGREEMENT AND CONSENT (this "Agreement") is made and delivered as of this __________day of __________2000, by [NAME OF WAREHOUSEMAN] (the "Lessor"), to and for the benefit of THE CIT GROUP/BUSINESS CREDIT, INC., having offices at 1211 Avenue of the Americas, New York, New York 10006 in its capacixx xx xxxxx xxx xxx Xxxxxxx, xx xxxxxxxxxxx xxxxxxx (in such capacity, the "Agent").
Financial Terms means the amount of compensation to be received by Vendor as evidenced by the Contract Documents, during the contract time.
Disadvantageous Condition has the meaning set forth in Section 2.01(d).
Comparable includes a job with a salary range not more than four grid levels below or one grid level above the employee's original classification. Where this definition is used, an employee shall not utilize the displacement/bumping options to obtain a promotion.
Level IV Pricing applies on any day on which (i) the Borrower’s long-term debt is rated BBB+ or higher by S&P or Baa1 or higher by Moody’s and (ii) none of Level I Pricing, Level II Pricing or Level III Pricing applies.
Differential is a salary allowance in addition to the basic rate or schedule based upon hours of employment.
Arms length Transaction”, means a transaction between two related parties that is conducted as if they were unrelated, so that there is no conflict of interest.
Affiliate Transaction has the meaning provided in Section 4.11.
overall length means the distance between the two vertical planes perpendicular to the median longitudinal plane of the vehicle and touching its front and rear outer edge, disregarding the projection:
Standard means a document approved by a recognised body that provides for common and repeated use, rules, guidelines or characteristics for goods or services, or related processes and production methods, with which compliance is not mandatory. It may also include or deal exclusively with terminology, symbols, packaging, marking or labelling requirements as they apply to a good, service, process or production method;
Specified Rating means, for the Class A(2017-2) Notes, Aaa(sf) with respect to Xxxxx’x, AAA(sf) with respect to Standard & Poor’s and AAAsf with respect to Fitch.
Level V Pricing applies on any day if no other Pricing Level applies on such day.
Short Exposure means a short inversed leveraged exposure to the Reference Asset.
Arm’s Length has the meaning ascribed to such term for the purposes of the Income Tax Act (Canada);
Net Xxxx-to-Market Exposure of a Person means, as of any date of determination, the excess (if any) of all unrealized losses over all unrealized profits of such Person arising from Rate Management Transactions. “Unrealized losses” means the fair market value of the cost to such Person of replacing such Rate Management Transaction as of the date of determination (assuming the Rate Management Transaction were to be terminated as of that date), and “unrealized profits” means the fair market value of the gain to such Person of replacing such Rate Management Transaction as of the date of determination (assuming such Rate Management Transaction were to be terminated as of that date).
Baa2 or higher by Moody's with respect to any outstanding long-term unsecured unsubordinated debt, and, in the case of a successor Trustee or successor Securities Administrator other than pursuant to Section 10.10, rated in one of the two highest long-term debt categories of, or otherwise acceptable to, each of the Rating Agencies. The Trustee shall not be an Affiliate of the Master Servicer. If the Trustee publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section 10.06 the combined capital and surplus of such corporation shall be deemed to be its total equity capital (combined capital and surplus) as set forth in its most recent report of condition so published. In case at any time the Trustee or the Securities Administrator, as applicable, shall cease to be eligible in accordance with the provisions of this Section 10.06, the Trustee or the Securities Administrator shall resign immediately in the manner and with the effect specified in Section 10.08.
approved rating means, for a security, a rating at or above one of the following rating categories issued by an approved rating organization for the security or a rating category that replaces a category listed below:
Burdensome Condition has the meaning set forth in Section 5.06(a).
Stage Length The stage length is defined as the sum of the distances for the climbout maneuver, climb, cruise, and descent.
Debt Ratings has the meaning specified in the definition of “Applicable Rate.”
Comparable Treasury Price means, with respect to any redemption date, (1) the average of the Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations.
Length (L) means 96 per cent of the total length on a waterline at 85 per cent of the least moulded depth measured from the top of the keel, or the length from the foreside of the stem to the axis of the rudder stock on that waterline, if that be greater. In ships designed with a rake of keel the waterline on which this length is measured shall be parallel to the designed waterline. The length (L) shall be measured in metres.
Differential Amount means the Differential Amount as calculated or, respectively, specified by the Calculation Agent pursuant to § 4 of the Special Conditions.
S&P Rating means, at any time, the rating issued by S&P and then in effect with respect to the Borrower's senior unsecured long-term debt securities without third-party credit enhancement.
Sponsor Fair Market Value means the average last reported sale price of the Ordinary Shares for the ten (10) trading days ending on the third (3rd) trading day prior to the date on which notice of exercise of the Private Placement Warrant is sent to the Warrant Agent;