Receivable Loans definition

Receivable Loans means the Loans described in Section 2(a) of the Schedule.

Receivable Loans has the meaning set forth on the Schedule.

Receivable Loans means the Loans described in Section 2.1(a) of the Schedule.

Examples of Receivable Loans in a sentence

• The Early Termination Fee shall be due and payable on the effective date of termination and thereafter shall bear interest at a rate equal to the rate applicable to the Receivable Loans.

• The Renewal Fee shall be due and payable on the Renewal Date and thereafter shall bear interest at a rate equal to the rate applicable to the Receivable Loans.

• All attorneys' fees, costs and charges (including attorneys' fees and expenses incurred pursuant to bankruptcy) and other fees, costs and charges to which Coast may be entitled pursuant to this Agreement may be charged by Coast to Borrower's loan account and shall thereafter bear interest at the same rate as the Receivable Loans.

• Regardless of the amount of Obligations that may be outstanding from time to time, Borrower shall pay Coast Minimum Monthly Interest during the term of this Agreement with respect to the Receivable Loans and the Inventory Loans in the amount set forth on the Schedule.

• All attorneys' fees, costs and charges to which Coast may be entitled pursuant to this Paragraph may be charged by Coast to Borrower's loan account and shall thereafter bear interest at the same rate as the Receivable Loans.

More Definitions of Receivable Loans

Receivable Loans has the meaning set forth in the Schedule.

Receivable Loans has the meaning set forth on the Schedule. "Receivables" means all of Borrower's now owned and hereafter acquired accounts (whether or not earned by performance), proceeds of any letters of credit naming Borrower as beneficiary, contract rights, chattel paper, instruments, documents and all other forms of obligations at any time owing to Borrower, all guaranties and other security therefor, whether secured or unsecured, all merchandise returned to or repossessed by Borrower, and all rights of stoppage in transit and all other rights or remedies of an unpaid vendor, lienor or secured party. "Renewal Term" has the meaning set forth on the Schedule. "Reportable Event" means a reportable event described in Section 4043 of ERISA or the regulations thereunder, a withdrawal from a Plan described in Section 4063 of ERISA, or a cessation of operations described in Section 4068(f) of ERISA. "Revolving Credit Loans" has the meaning set forth in the Schedule. "Revolving Credit Limit" has the meaning set forth in the Schedule. "Revolving Interest Rate" has the meaning set forth in the Schedule. "Schedule" has the meaning set forth in the preamble. "Senior Contractual Debt Service" means, for any period, the sum of payments made or required to be made by Borrower during such period for (i) interest and scheduled principal payments due on the Term Loans (excluding voluntary prepayment and payments made from Borrower's Excess Cash Flow, as required pursuant to the Schedule), and (ii) interest only payments due on the Revolving Credit Loans facility plus the Collateral Monitoring Fee, the Facility Fee and the Unused Line Fee. "Start Date" has the meaning set forth in the Schedule. "Subordinated Debt" means liabilities of Borrower the repayment of which is subordinated, to the payment and performance of the Obligations, pursuant to a subordination agreement acceptable to FINOVA in its sole discretion. "Subordinating Creditor" has the meaning set forth in the Schedule. "Term Loans" has the meaning set forth in the Schedule. "Termination Fee" has the meaning set forth in Section 9.2(d) hereof. "Total Contractual Debt Service" means, for any period, the sum of payments made (or, as to clause (i) of this sentence, required to be made) by Borrower during such period for (i) Senior Contractual Debt Service, (ii) pursuant to the Seller Note and/or Noncompete Agreement,

Receivable Loans. HAS THE MEANING SET FORTH ON THE SCHEDULE. ----------------

Receivable Loans and against Borrower's Eligible Inventory ("Inventory Loans") (the Receivable Loans and the Inventory Loans shall be collectively referred to as the "Revolving Credit Loans") in an aggregate outstanding principal amount not to exceed the lesser of (a) or (b) below:

Receivable Loans a revolving line of credit in an aggregate outstanding principal amount not to exceed Four Million Five Hundred Thousand and no/100 Dollars ($4,500,000.00) (the "Revolving Line of Credit Facility" or the "Revolving Credit Limit") consisting of loans against Borrower's Eligible Receivables ("Receivable Loans") in an aggregate outstanding principal amount not to exceed the lesser of:

Receivable Loans. A rate equal to the Prime Rate plus 2% per annum

Receivable Loans has the meaning set forth on the Schedule."Receivables" ---------------- ----------- means all of Borrower's now owned and hereafter acquired accounts (whether or not earned by performance), proceeds of any letters of credit naming Borrower as beneficiary, contract rights, chattel paper, instruments, documents and all other forms of obligations at any time owing to Borrower, all guaranties and other security therefor, whether secured or unsecured, all merchandise returned to or repossessed by Borrower, and all rights of stoppage in transit and all other rights or remedies of an unpaid vendor, lienor or secured party.