Loan Limits for Revolving Loans definition

Loan Limits for Revolving Loans. (a) Maximum Facility Amount: $8,500,000, in the aggregate to the Companies

Loan Limits for Revolving Loans. (a) Maximum Facility Amount: $5,000,000 (b) Advance Rates: (i) Accounts 85%; provided, that if the Advance Rate: Dilution Percentage exceeds 4%, such advance rate will be reduced by the number of full or partial percentage points of such excess (ii) Inventory Advice Rate(s): (A) Finished goods: 60% (B) Raw materials: 60% (C) Work in process: Not Applicable (iii) Cash Collateral Not Applicable (c) Accounts Sublimit Not Applicable (d) Inventory Sublimit(s): (i) Overall sublimit on $1,000,000 or, if less, the advance against Eligible aggregate advances against Inventory Accounts at any time of determination (ii) Sublimit on advances Not Applicable against finished goods (iii) Sublimit on advances Not Applicable against raw materials (e) Credit $500,000 Accommodation Limit: (f) Permanent Reserve Amount: Not Applicable (g) Overadvance Amount: Not Applicable

Loan Limits for Revolving Loans. A. Maximum Facility Amount: $ 5,000,000 B. Advance Rates: 1. Accounts Advance Rate: 85 %; provided, that if the Dilution Percentage exceeds 5 %, such advance rate will be reduced by the number of full or partial percentage points of such excess

Examples of Loan Limits for Revolving Loans in a sentence

• If at any time for any reason whatsoever (including as a result of currency fluctuations) (i) the outstanding balance of all Revolving Loans exceeds the lesser of (x) the Maximum Revolving Facility Amount minus Reserves established against the Maximum Revolving Facility Amount and (y) the Borrowing Base or (ii) any of the Loan Limits for Revolving Loans are exceeded, then, in each case, Borrowers will immediately pay to Agent such amounts as shall cause Borrowers to eliminate such excess.

• If at any time for any reason whatsoever (including as a result of currency fluctuations) (i) the outstanding balance of all Revolving Loans exceeds the lesser of (x) the Maximum Revolving Facility Amount and (y) the Borrowing Base or (ii) any of the Loan Limits for Revolving Loans are exceeded, then, in each case, Borrowers will immediately pay to Agent such amounts as shall cause Borrowers to eliminate such excess.

• If at any time for any reason whatsoever (including as a result of currency fluctuations) (i) the outstanding balance of all Revolving Loans exceeds the lesser of (x) the Maximum Revolving Facility Amount minus the amount of Reserves established against the Maximum Revolving Facility Amount and (y) the Borrowing Base or (ii) any of the Loan Limits for Revolving Loans are exceeded, then, in each case, Borrowers will immediately pay to Agent such amounts as shall cause Borrowers to eliminate such excess.

More Definitions of Loan Limits for Revolving Loans

Loan Limits for Revolving Loans. (a) Maximum Facility Amount: $5,000,000 (b) Advance Rates: (i) Accounts 85%; provided, that if the Advance Rate: Dilution Percentage exceeds 4%, such advance rate will be reduced by the number of full or partial percentage points of such excess (ii) Inventory Advance Rate(s): (A) Finished 60% goods: (B) Raw materials: 60% (C) Work in process: Not Applicable (iii) Cash Collateral $250,000, provided that (x) a sum not less than such amount is maintained at all times by the Borrower in a Cash Collateral Account at Xxxxx Fargo Bank and (y) the Lender at all times has a first priority lien against such Cash Collateral Account

Loan Limits for Revolving Loans. (a) Maximum $10,000,000 Facility Amount: (b) Advance Rates: (i) Accounts 80%; provided, that if the Dilution Advance Percentage exceeds 5%, such advance rate Rate: will be reduced by the number of full or partial percentage points of such excess (ii) Inventory Advance Rate(s): (A) Finished goods consisting of Ordinary Inventory: 50% (B) Finished goods consisting of MDC Inventory: 67% (C) Raw materials: not applicable

Loan Limits for Revolving Loans. Additional Advance Rates:

Loan Limits for Revolving Loans. (a) Maximum Facility Amount: $8,500,000, in the aggregate to the Companies (b) Advance Rates: (i) Accounts Advance 80% (or 90% in the case of Accounts Rate: owing by the United States government ("Government Accounts") after proof of payment sign-off); provided, that if the Dilution Percentage exceeds 7% (or 2% in the case of Government Accounts), such advance rate will be reduced by the number of full or partial percentage points of such excess (ii) Inventory Advance Not applicable Rate(s): (c) Accounts Sublimit: Not applicable (d) Inventory Sublimit(s): Not applicable

Loan Limits for Revolving Loans. Maximum Facility Amount: $17,000,000 Advance Rates:

Loan Limits for Revolving Loans. (a) Maximum Facility Amount: $7,000,000" (b) Section 1(b)(ii) of Schedule A to the Loan Agreement is hereby amended and restated in its entirety as follows:

Loan Limits for Revolving Loans. (a) Maximum $10,000,000 Facility Amount: (b) Advance Rates: (i) Accounts 80%; provided, that if the Dilution Advance Percentage exceeds 5%, such advance rate Rate: will be reduced by the number of full or partial percentage points of such excess (ii) Inventory Advance Rate(s): (A) Finished goods: 50% (B) Raw materials: not applicable (C) Work in process: not applicable (c) Accounts At any time of determination, the Sublimit: Maximum Aero Facility Amount less the aggregate advances against Inventory outstanding at such time (d) Inventory Sublimit(s): (i) Overall $4,000,000, minus the portion of the sublimit Fields Loan Balance at such time that is on predicated on eligible inventory of Fields advances against Eligible Inventory