Common use of Collateral Status Clause in Contracts

Collateral Status. Coll Gross Advance Net Values Collateral % Collateral --------------------------------- ------------------------------ 1. Previous assigned A/R balance: $ _____________ (previous CMR line 4) Date: __/__/__ 2. Additions to A/R (2A+B): $ ___________________________________________ A. New ▇▇▇▇▇▇▇▇ $ B. Adjustments $ 3. Deductions from A/R (3A+B+C): ($ _____)_____________________ A. Cash Receipts $ B. Credits $ C. Adjustments $ 4. New Assigned A/R balance (1+2-3): $ 5. A/R Aging Report (Date: __/__/__) $ * * New Assigned A/R Balance and A/R Aging Report (Lines 4 and 5) must equal each other* * ================================================================================================================== 6. Less Adjustments: $ A. Unapplied Cash $ B. Other $ 7. Adj. assigned A/R balance (4-6): $ 8. Less Ineligible A/R: $ A. A/R Over 90 Days $ B. 50% Rule $ C. Contra Accts (A/P Offset) $ D. Other $ E. __________________ $ F. __________________ $ G. __________________ $ H. __________________ $ I. Securitization A/R $ 9. Total A/R Eligible Collateral: $_______________%______$ (Line 7 - Line 8 X Advance Rate) 10. Other A/R Collateral A. __________________ $_______________%______$ B. __________________ $_______________%______$ 11. Inventory Collateral $_______________%______$ A. IBM Credit Financed Eligible Inventory $_______________%______$ B. __________________ $_______________%______$ C. __________________ $_______________%______$ 12. Other Collateral A. RMA $_______________%______$ B. Price Protection $_______________%______$ C. __________________ $_______________%______$ D. __________________ $_______________%______$ 13. Total Net Eligible Collateral (9+10+11+12) $