Common use of Sublimits Clause in Contracts

Sublimits. (i) The aggregate amount of Revolving Advances made to Borrowers against Eligible Inventory shall not exceed, at any time, an amount equal to (i) from the Second Amendment Closing Date until December 31, 2024, the lesser of (A) an amount equal to seventy-five percent (75%) of the Maximum Revolving Advance Amount and (B) $45,000,000, (ii) from January 1, 2025 until June 30, 2025, the lesser of (A) an amount equal to seventy percent (70%) of the Maximum Revolving Advance Amount and (B) $42,000,000, and (iii) any time after June 30, 2025, the lesser of (A) an amount equal to sixty-five percent (65%) of the Maximum Revolving Advance Amount and (B) $39,000,000. (ii) The aggregate amount of Revolving Advances made to Borrowers against Eligible Foreign In-Transit Inventory shall not exceed, at any time, an amount equal to the lesser of (A) an amount equal to thirty percent (30%) of the amount of Eligible Inventory at any time included in the Borrowing Base and (B) $10,000,000. (iii) The aggregate amount of Revolving Advances made to Borrowers against Eligible Inventory and Eligible Receivables of the U.K. Borrowing Base Companies, the Canadian Borrowing Base Companies and the Australian Borrowing Base Companies, taken as a whole, shall not exceed, at any time, an amount equal to $35,000,000. (iv) The aggregate amount of Revolving Advances made to Borrowers against Eligible Inventory of the U.K. Borrowing Base Companies, the Canadian Borrowing Base Companies and the Australian Borrowing Base Companies, taken as a whole, shall not exceed, at any time, an amount equal to $22,500,000. (v) The aggregate amount of Revolving Advances made to Borrowers against Eligible Inventory comprising Consigned Inventory shall not exceed, at any time, an amount equal to $5,000,000. 4886‐4763‐4628><v2>< 4033.197> (vi) The aggregate amount of FILO Advances made to Borrowers against Eligible Uninsured Foreign Receivables shall not exceed, at any time, an amount equal to $0. (vii) Until the completion of the Australian Whitewash with respect to the Australian Borrower, the joinder of the Australian Borrower as a Borrower hereunder and, subject to Sections 4.8(h) and 6.16, execution and delivery of the Australian Security Documents, the aggregate amount of Advances made to Borrowers that is predicated on the assets of the Australian Borrowing Base Companies (whether in respect of the Closing Date Deemed Borrowing Base or the Borrowing Base, as applicable), shall not exceed, at any time, an amount equal to $10,000,000.

Sublimits. (i) The aggregate amount of Revolving Advances made to Borrowers against Eligible Inventory shall not exceed, at any time, an amount equal to (i) from the Second Amendment Closing Date until December 31, 2024, the lesser of (A) an amount equal to seventy-five percent (75%) of the Maximum Revolving Advance Amount and (B) $45,000,000, (ii) from January 1, 2025 until June 30, 2025, the lesser of (A) an amount equal to seventy percent (70%) of the Maximum Revolving Advance Amount and (B) $42,000,000, and (iii) any time after June 30, 2025, the lesser of (A) an amount equal to sixty-five percent (65%) of the Maximum Revolving Advance Amount and (B) $39,000,00055,250,000. (ii) The aggregate amount of Revolving Advances made to Borrowers against Eligible Foreign In-Transit Inventory shall not exceed, at any time, an amount equal to the lesser of (A) an amount equal to thirty percent (30%) of the amount of Eligible Inventory at any time included in the Borrowing Base and (B) $10,000,000. (iii) The aggregate amount of Revolving Advances made to Borrowers against Eligible Inventory and Eligible Receivables of the U.K. Borrowing Base Companies, the Canadian Borrowing Base Companies and the Australian Borrowing Base Companies, taken as a whole, shall not exceed, at any time, an amount equal to $35,000,000. (iv) The aggregate amount of Revolving Advances made to Borrowers against Eligible Inventory of the U.K. Borrowing Base Companies, the Canadian Borrowing Base Companies and the Australian Borrowing Base Companies, taken as a whole, shall not exceed, at any time, an amount equal to $22,500,000. (v) The aggregate amount of Revolving Advances made to Borrowers against Eligible Inventory comprising Consigned Inventory shall not exceed, at any time, an amount equal to $5,000,000. 4886‐4763‐4628><v2>< 4033.197>. (vi) The aggregate amount of FILO Advances made to Borrowers against Eligible Uninsured Foreign Receivables shall not exceed, at any time, an amount equal to $05,000,000. (vii) Until the completion of the Australian Whitewash with respect to the Australian Borrower, the joinder of the Australian Borrower as a Borrower hereunder and, subject to Sections 4.8(h) and 6.16, execution and delivery of the Australian Security Documents, the aggregate amount of Advances made to Borrowers that is predicated on the assets of the Australian Borrowing Base Companies (whether in respect of the Closing Date Deemed Borrowing Base or the Borrowing Base, as applicable), shall not exceed, at any time, an amount equal to $10,000,000.

Sublimits. (i) The aggregate amount of Revolving Advances made to Borrowers against Eligible Inventory shall not exceed, at any time, an amount equal to (i) from the Second FourthFifth Amendment Closing Date until December DecemberJuly 31, 2024, the lesser of (A) an amount equal to seventy-five percent (75%) of the Maximum Revolving Advance Amount and (B) $45,000,00022,500,000, (ii) from January 1, 2025 until June 30, 2025, the lesser of (A) an amount equal to seventy percent (70%) of the Maximum Revolving Advance Amount and (B) $42,000,00021,000,00017,500,000, and (iiiiiiii) any time after June 3030July 31, 2025, the lesser of (A) an amount equal to sixty-five percent (65%) of the Maximum Revolving Advance Amount and (B) $39,000,00019,500,00016,250,000. (ii) The aggregate amount of Revolving Advances made to Borrowers against Eligible Foreign In-Transit Inventory shall not exceed, at any time, an amount equal to the lesser of (A) an amount equal to thirty percent (30%) of the amount of Eligible Inventory at any time included in the Borrowing Base and (B) $10,000,0005,000,000. (iii) The aggregate amount of Revolving Advances made to Borrowers against Eligible Inventory and Eligible Receivables of the U.K. Borrowing Base Companies, the Canadian Borrowing Base Companies and the Australian Borrowing Base Companies, taken as a whole, shall not exceed, at any time, an amount equal to $35,000,00017,500,000. (iv) The aggregate amount of Revolving Advances made to Borrowers against Eligible Inventory of the U.K. Borrowing Base Companies, the Canadian Borrowing Base Companies and the Australian Borrowing Base Companies, taken as a whole, shall not exceed, at any time, an amount equal to $22,500,00011,500,000. (v) The aggregate amount of Revolving Advances made to Borrowers against Eligible Inventory comprising Consigned Inventory shall not exceed, at any time, an amount equal to $5,000,000. 4886‐4763‐4628><v2>< 4033.197>2,500,000. (vi) The aggregate amount of FILO Advances made to Borrowers against Eligible Uninsured Foreign Receivables shall not exceed, at any time, an amount equal to $0. (vii) Until the completion of the Australian Whitewash with respect to the Australian Borrower, the joinder of the Australian Borrower as a Borrower hereunder and, subject to Sections 4.8(h) and 6.16, execution and delivery of the Australian Security Documents, the aggregate amount of Advances made to Borrowers that is predicated on the assets of the Australian Borrowing Base Companies (whether in respect of the Closing Date Deemed Borrowing Base or the Borrowing Base, as applicable), shall not exceed, at any time, an amount equal to $10,000,000.