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 has the meaning set forth in 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.

• Coast may charge the foregoing to Borrower's loan account and the foregoing shall thereafter bear interest at the same 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.

• Coast may charge the same to Borrower's loan account, and the same shall thereafter bear interest at the same rate as is applicable to the Receivable Loans.

More Definitions of Receivable Loans

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: (a) an amount equal to (I) Four Million Five Hundred Thousand and no/100 Dollars ($4,500,000.00), less (II) the aggregate outstanding principal amount of all Inventory Loans (as defined below), less (III) the aggregate undrawn face outstanding amount of all Letters of Credit issued under paragraph 2(D) of this Agreement, or (b) an amount equal to (1) eighty percent (80%) of the net amount of Eligible Receivables other than Eligible Named Foreign Receivables or Eligible Foreign Receivables, plus (2) the lesser or (A) eighty percent (80%) of the net amount of Eligible Named Foreign Receivables or (B) $500,000, plus (3) the lesser of (A) fifty percent (50%) of the net amount of Eligible Foreign Receivables or (B) $500,000;

Receivable Loans has the meaning set forth in Section 1 of the Schedule.

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.

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

Receivable Loans means the Loans described in Section 2.1 of the Schedule.