Examples of Domestic Accounts Receivable in a sentence
All Domestic Accounts Receivable, whether Qualified Accounts Receivable or not, shall be subject to the Lenders’ Prior Security Interest, subject to Permitted Liens, if any.
Loan proceeds may be disbursed up to the lesser of $ [Loan Amount] or[SELECT one of the following -- EITHER -[Percent]% of eligible [OPTION - Domestic] Accounts Receivable,- OR -[Percent]% of eligible Inventory,- OR -the sum of [Percent]% of eligible [OPTION - Domestic] Accounts Receivable plus[Percent]% of eligible Inventory],with the exception that no disbursements can be made (without SBA prior approval) after the commencement of one cash cycle prior to maturity.
The books and records of Borrower and all records pertaining to Eligible Domestic Accounts Receivable and Eligible Domestic Inventory are located at the office location for such Borrower listed on Exhibit N.
Such loans and advances shall be in amounts up to: A) eighty-five percent (85%) of the outstanding Eligible Domestic Accounts Receivable of the Company, B) eighty-five percent (85%) of the outstanding Eligible Foreign Accounts Receivable of the Company, and C) twenty-five percent (25%) of Eligible Domestic Finished Goods, at lower of cost or market, but not to exceed the Inventory Sub-Limit from time to time in effect.
The Borrowers will not permit the ratio cash plus of the aggregate amount of Eligible Domestic Accounts Receivable and Eligible International Accounts Receivable (excluding in any event from such calculation accounts receivable falling within the definition of Apple Collateral as such term is defined in the Intercreditor Agreement dated as of October 18, 1994 between Focus Enhancements, Inc., the Bank and Fred Kassner) to aggregate Extensions of Credit to exceed 2.5 to 1 xx xhe end of any month.