Definition of Point-of-Sale Transactions

  1. Point-of-Sale Transactions means any sale transactions by any Credit Parties whereby the purchase price for the sale transaction is paid in full by the Customer at the time of the sale transaction.

Definition of Point-of-Sale Transactions in Credit Facility Agreement

Point-of-Sale Transactions means any sale transactions by any Credit Parties whereby the purchase price for the sale transaction is paid in full by the Customer at the time of the sale transaction.


Definition of Point-of-Sale Transactions in Senior Secured Revolving Credit Facility Agreement

Point-of-Sale Transactions means any sale transactions by any Credit Parties whereby the purchase price for the sale transaction is paid in full by the Customer at the time of the sale transaction. (aaaa) "Portals" shall have the meaning given to it in Section 2.1(e)(i)(3) hereof. (bbbb) "Preferred Stock" shall have the meaning given to it in Section 7.4 hereof. (cccc) "Prepayment Penalty" shall have the meaning given to it in Section 2.1(d)(ii) hereof. (dddd) "Principal Trading Market" shall mean the Nasdaq Global Select Market, the Nasdaq Global Market, the Nasdaq Capital Market, the OTCQX, the OTCQB, the OTC Pink, the NYSE Euronext or the New York Stock Exchange, whichever is at the time the principal trading exchange or market for the Common Stock. (eeee) "Proceeding" means any demand, claim, suit, action, litigation, investigation, audit, study, arbitration, administrative hearing, or any other proceeding of any nature whatsoever. (ffff) "Public Documents" shall have the meaning given to it in Section 7.11 hereof. (gggg) "Real Property" means any real estate, land, building, structure, improvement, fixture or other real property of any nature whatsoever, including, but not limited to, fee and leasehold interests, any specifically including the real property listed on Schedule 7.18. (hhhh) "Receipts" shall mean all revenues, receipts, receivables, Accounts, collections or any other funds at any time received or receivable by the Credit Parties, or otherwise owing to the Credit Parties, in connection with its sales, business, operations or from any other source. (iiii) "Receipts Collection Fee" shall mean a surcharge charged by Lender to the Borrower on a monthly basis, and shall be in an amount calculated by Lender such that, when added together with any monthly interest paid by Borrower hereunder, the aggregate amount of the monthly interest and the monthly Receipts Collection Fee shall not exceed 1.500% of the then outstanding principal balance of all Loans hereunder, per month. (jjjj) "Reserve Amount" shall mean an amount, expressed in Dollars, equal to thirty-three percent (33%) of the then applicable Revolving Loan Commitment. The Reserve Amount, or any portion thereof collected and held by Lender from time to time, whether in the Lock Box Account or otherwise, shall be deemed additional security for all of the Obligations, and until Lender delivers written notice to the Credit Parties that such Reserve Amount has been applied to any of the Obligations then outstanding, such Reserve Amount shall not be considered a repayment of any of the Obligations (principal, interest, or otherwise), or otherwise applied against any portion thereof, and shall be considered part of the outstanding Loans hereunder.