Concentration Limit. The percentage of any debt from a single Account Debtor over the total amount outstanding from Borrower’s Purchased Accounts must remain below 25%; provided solely with the respect to Moon Tide Media LLC and its affiliates in the aggregate, the foregoing limit shall be 30%. In the event the percentage exceeds the foregoing limit, Lender may exercise its right not to purchase more accounts from said Account Debtor.
Appears in 2 contracts
Sources: Financing and Security Agreement (Vado Corp.), Financing and Security Agreement (Vado Corp.)
Concentration Limit. The percentage of any debt from a single Account Debtor over the total amount outstanding from Borrower’s Purchased Accounts must remain below 25%; provided solely with the respect to Moon Tide Media LLC and its affiliates in the aggregate, the foregoing limit shall be 30%. In the event the percentage exceeds the foregoing limit, Lender may exercise its right not to purchase more accounts Accounts from said Account Debtor.
Appears in 2 contracts
Sources: Financing and Security Agreement (Vado Corp.), Financing and Security Agreement (Vado Corp.)
Concentration Limit. The percentage of any debt from a single Account Debtor over the total amount outstanding from Borrower’s Purchased Financed Accounts must remain below 25%; provided solely with the respect to Moon Tide Media LLC and its affiliates in the aggregate, the foregoing limit shall be 30%. In the event the percentage exceeds the foregoing limit, Lender may exercise its right not to purchase finance more accounts from Accounts of said Account Debtor.
Appears in 2 contracts
Sources: Financing and Security Agreement (Arena Group Holdings, Inc.), Financing and Security Agreement (theMaven, Inc.)
Concentration Limit. The percentage of any debt from a single Account Debtor over the total amount outstanding from Borrower’s Purchased Accounts must remain below 25%; provided solely with the respect to Moon Tide Media LLC and its affiliates in the aggregate, the foregoing limit shall be 30%. In the event the percentage exceeds the foregoing limit, Lender may exercise its right not to purchase more accounts from said Account Debtor.
Appears in 2 contracts
Sources: Financing and Security Agreement (Vado Corp.), Financing and Security Agreement (Vado Corp.)
Concentration Limit. The percentage of any debt from a single Account Debtor over the total amount outstanding from BorrowerSeller’s Purchased Accounts must remain below 25%; provided solely with the respect to Moon Tide Media LLC and its affiliates in the aggregate, the foregoing limit shall be 30%. In the event the percentage exceeds the foregoing limit, Lender Purchaser may exercise its right not to purchase more accounts from said Account Debtor.
Appears in 1 contract
Sources: Financing and Security Agreement (Sito Mobile, Ltd.)