Percentage Limitations definition
Examples of Percentage Limitations in a sentence
Without the prior written consent of Access Capital, in no event shall the aggregate amount of uncollected Initial Payments made by Access Capital with respect to Purchased Receivables and the amount outstanding under the Term Facility (defined hereunder), together exceed the lesser of (i) $1,000,000 (the "Capital Availability Amount") or (ii) the Percentage Limitations (as defined below).
EXHIBIT B The day following the first Initial Payment, which is made to the Companies, the total outstanding Term Facility shall not exceed the sub-limits listed below, on a monthly basis, as a percentage of Eligible Accounts Receivable (the "Percentage Limitations").
If the Collateral Coverage Tests, the Collateral Quality Tests or the Portfolio Percentage Limitations are not satisfied on the Effective Date, or if the Overcollateralization Amount (determined without regard to clause (e) of the definition thereof) is not at least equal to the Expected Aggregate Principal Amount, the Issuer or the Collateral Manager (acting on behalf of the Issuer) shall provide written notice thereof to the Trustee, the Placement Agent and each Rating Agency.
As of the Effective Date, the Issuer is required to satisfy the Collateral Coverage Tests, the Collateral Quality Tests and the Portfolio Percentage Limitations and to own Collateral Debt Obligations such that the Overcollateralization Amount (determined without regard to clause (e) of the definition thereof) is at least equal to the Expected Aggregate Principal Amount.
During the term, the total outstanding Term Facility shall not exceed the percentage of Eligible Accounts Receivable (the "Percentage Limitations") set forth on Exhibit B attached hereto and made part hereof.