CDF Account Portion definition
CDF Account Portion is defined herein to mean (a) the net amount of Eligible Accounts arising from sales of inventory of Dealer’s B▇▇▇ Tech.logix division and financed by CDF for Dealer, as shown on the most recent Collateral Report, multiplied by (b) the quotient of (i) the amount due CDF from Dealer (“CDF Outstandings”) divided by (ii) the sum of (x) CDF Outstandings plus (y) Union Bank Outstandings: in each case as of the date of the Collateral Report, but in no event to exceed Ten Million Dollars ($10,000,000). If Dealer from time to time is required to make immediate payment to CDF of any past due obligation discovered during any Collateral review, upon review of a Collateral Report or at any other time, Dealer agrees that acceptance of such payment by CDF shall not be construed to have waived or amended the terms of its financing program.”