Credit Limit. (Section 1.1) An amount not to exceed the lesser of. (i) $10,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 75% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).
Appears in 2 contracts
Sources: Standby Facility Agreement (Omnicell Com /Ca/), Standby Facility Agreement (Omnicell Inc /Ca/)
Credit Limit. (Section 1.1) ): An amount not to exceed the lesser of.
of (i1) or (2) below: (1) $10,000,000 15,000,000 at any one time outstanding (the "Maximum Credit Limit")outstanding; or (ii2) 75an amount equal to (i) 80% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above)., plus
Appears in 1 contract
Sources: Loan and Security Agreement (Submicron Systems Corp)
Credit Limit. (Section 1.1) ): An amount not to exceed the lesser of.
: (i) $10,000,000 at any one time outstanding (the "Maximum Credit Limit")outstanding; or (ii) 75(A) 70% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).
Appears in 1 contract
Sources: Loan and Security Agreement (Lightspan Partnership Inc)
Credit Limit. (Section 1.1) ): An amount (the "Credit Limit") not to exceed the lesser of.
: (i) $10,000,000 at any one time outstanding (the "Maximum Credit Limit")outstanding; or (ii) 7585% of the amount of Borrower's Eligible Receivables (as defined in Section 8 9.1(n) above).
Appears in 1 contract
Credit Limit. (Section 1.1) ): An amount not to exceed the lesser of.
: (i) $10,000,000 3,500,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 7580% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).. Loans will be made to each Borrower based on the Eligible Receivables of each Borrower, subject to the Credit Limit set forth above for all Loans to all Borrowers combined. Letter of Credit Sublimit (Section 1.5):$300,000
Appears in 1 contract
Sources: Loan and Security Agreement (Netsmart Technologies Inc)
Credit Limit. (Section 1.1) An amount not to exceed the lesser of.
of (i) $10,000,000 2,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 7580% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).. LETTER OF CREDIT SUBLIMIT (Section 1.5): $500,000 ================================================================================
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Credit Limit. (Section 1.1) Section1.1): An amount not to exceed the lesser of.
: (i) $10,000,000 5,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 7570% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).. ================================================================================
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Credit Limit. (Section 1.1) An amount not to exceed the lesser of.
of (iI) $10,000,000 30,000,000 at any one time outstanding (the "Maximum Credit Limit")outstanding; or (ii) 75% (the "Advance Rate") of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).;
Appears in 1 contract
Sources: Loan and Security Agreement (Syquest Technology Inc)
Credit Limit. (Section 1.1) An amount not to exceed the lesser of.
: (i) $10,000,000 2,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 7580% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).
Appears in 1 contract
Sources: Loan and Security Agreement (Onyx Software Corp/Wa)
Credit Limit. (Section 1.1) ): An amount not to exceed the lesser of.
(i) of a total of $10,000,000 2,000,000 at any one time outstanding (the "Maximum Credit Limit"); , or the sum of (iia) 75and (b) below (the "Borrowing Base"):
(a) up to 80% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above)., plus
(b) an amount not to exceed, as of any date of determination, the lowest of:
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Credit Limit. (Section 1.1) An amount not to exceed the lesser of.of (a) or (b) below (the “Credit Limit”):
(ia) a total of $10,000,000 30,000,000 at any one time outstanding (the "“Maximum Credit Limit"”); or or
(b) an amount (the “Borrowing Base”) equal to:
(i) three times the Average Trailing Monthly Subscription Revenue of Borrower and Related Companies, multiplied by
(ii) 75% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above)Retention Rate.
Appears in 1 contract
Credit Limit. (Section 1.1) An amount not to exceed the lesser of.of the limits described in (A) and (B) below (the “Credit Limit”):
(iA) a total of $10,000,000 at any one time outstanding (the "“Maximum Credit Limit"”); or or
(iiB) 75% of the maximum amount of Borrower's Eligible Receivables (Purchase Contract Loans and other Loans available as defined in Section 8 above)described below.
Appears in 1 contract
Credit Limit. (Section 1.1) ): An amount (the "Credit Limit") not to exceed the lesser of.
: (i) $10,000,000 4,000,000 at any one time outstanding (the "Maximum Credit Limit")outstanding; or (ii) 7580% of the amount of Borrower's Eligible Receivables (as defined in Section 8 9.1(n) above); PROVIDED that the foregoing Credit Limit shall not affect or relate to the loans made under the Equipment Loan Agreement (as defined in Section 8 below).
Appears in 1 contract
Sources: Loan and Security Agreement (Accumed International Inc)
Credit Limit. (Section 1.11
.1) An amount not to exceed the lesser of.of (1) or (2) below:
(1) $30,000,000 at any one time outstanding; or (2) an amount equal to
(i) $10,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 7580% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above), plus
(ii) the lesser of 40% of the Value of Borrower's Eligible Inventory (as defined in Section 8 above) or $5,000,000.
Appears in 1 contract
Sources: Loan and Security Agreement (Syquest Technology Inc)
Credit Limit. (Section 1.1) ): An amount not to exceed the lesser of.
of (ia) a total of $10,000,000 1,000,000 at any one time outstanding (the "Maximum Credit Limit"); , or (iib) 75% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).; provided that the total outstanding Obligations under this Loan Agreement and under the Non-Exim Agreement (as defined below) shall not at any time exceed $2,500,000 (the "Overall Credit Limit"). ================================================================================
Appears in 1 contract
Credit Limit. (Section 1.1) ): An amount not to exceed the lesser of.
: (i) $10,000,000 5,000,000 at any one time outstanding (the "Maximum Credit Limit")outstanding; or (ii) 7580% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).. ================================================================================
Appears in 1 contract
Sources: Term Loan Agreement (Vixel Corp)
Credit Limit. (Section 1.1) An amount not to exceed the lesser of.
(i) of a total of $10,000,000 3,000,000 at any one time outstanding (the "Maximum Overall Credit Limit"); , or the sum of (iia) 75and (b) below: (a) 85% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above)., plus
Appears in 1 contract
Credit Limit. (Section 1.1) An amount not to exceed the lesser of.
: (i) $10,000,000 5,000,000 at any one time outstanding (the "Maximum Credit Limit")outstanding; or (ii) 7580% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).. ================================================================================
Appears in 1 contract
Credit Limit. (Section 1.1) An amount not to exceed the lesser of.
: (i) $10,000,000 at any one time outstanding (the "Maximum Credit Limit")outstanding; or (ii) 75% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).. LETTER OF CREDIT SUBLIMIT (Section 1.5): $500,000
Appears in 1 contract
Sources: Loan and Security Agreement (Lightspan Partnership Inc)
Credit Limit. (Section 1.1) ): An amount not to exceed the lesser of.
(i) of a total of $10,000,000 3,500,000 at any one time outstanding (the "“Maximum Credit Limit"”); , or the sum of (iia) 75and (b) below (the “Borrowing Base”):
(a) up to 80% of the amount of Borrower's ’s Eligible Receivables (as defined in Section 8 above)., plus
(b) [intentionally omitted]
Appears in 1 contract
Credit Limit. (Section 1.1) ): An amount not to exceed the lesser of.:
(i) $10,000,000 5,000,000 at any one time outstanding (the "Maximum Credit Limit"); or or
(ii) 75the sum of:
(a) 40% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above), plus
(b) the Permitted Overadvance Amount (as defined below).
Appears in 1 contract
Sources: Amendment to Loan Documents and Forbearance Agreement (Netplex Group Inc)
Credit Limit. (Section 1.1) An amount not to exceed the lesser of.
: (i) $10,000,000 15,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 75% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above). LETTER OF CREDIT SUBLIMIT (Section 1.5): $15,000,000.
Appears in 1 contract
Sources: Loan and Security Agreement (Onyx Software Corp/Wa)
Credit Limit. (Section 1.1) An amount not to exceed the lesser of.
of (i) $10,000,000 1,500,000 at any one time outstanding (the "“Maximum Credit Limit"”); , or (ii) 7580% of the amount of Borrower's ’s Eligible Receivables (as defined in Section 8 above).
Appears in 1 contract
Sources: Loan and Security Agreement (Endocardial Solutions Inc)
Credit Limit. (Section 1.1) ): An amount not to exceed the lesser of.
: (i) $10,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 7580% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above). Loans will be made to each Borrower based on the Eligible Receivables of each Borrower, subject to the Maximum Credit Limit set forth above for all Loans to all Borrowers combined. Cash Management Sublimit (Section 1.6): See Section 1.6 above. 2.
Appears in 1 contract
Credit Limit. (Section 1.1) ): An amount not to exceed the lesser of.
: (i) $10,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 7580% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).
Appears in 1 contract
Credit Limit. (Section 1.1) ): An amount not to exceed the lesser of.
: (i) $10,000,000 7,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 7585% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).
Appears in 1 contract
Credit Limit. (Section 1.1) ): An amount not to exceed the lesser of.
: (i) $10,000,000 2,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 75% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).. LETTER OF CREDIT SUBLIMIT (Section 1.5): $500,000 ================================================================================
Appears in 1 contract
Credit Limit. (Section 1.1) ): An amount not to exceed the lesser of.:
(i) $10,000,000 3,000,000 at any one time outstanding (the "Maximum Credit Limit"); or or
(ii) 75the difference of:
(a) 75 % of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).; minus
(b) $47,390. ================================================================================
Appears in 1 contract
Credit Limit. (Section 1.1) ): An amount not to exceed the lesser of.
: (i) $10,000,000 5,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 7580% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).. Letter of Credit Sublimit (Section 1.5): $500,000 ================================================================================
Appears in 1 contract
Credit Limit. (Section 1.1) ): An amount not to exceed the lesser of.
: (i) $10,000,000 3,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 75% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).
Appears in 1 contract
Credit Limit. (Section 1.1) ): An amount not to exceed the lesser of.
: (i) $10,000,000 3,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 7580% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).. ================================================================================
Appears in 1 contract
Credit Limit. (Section 1.1) ): An amount not to exceed the lesser of.
: (i) $10,000,000 4,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 75% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).. ================================================================================
Appears in 1 contract