Qualified Accounts – B&L definition

Qualified Accounts – B&L those Qualified Accounts (which for this purpose only shall exclude the requirement set forth in Clause (B) of subparagraph (b) of the definition of Qualified Account above) that are payable to Borrower Group by or from Bausch & Lomb, Incorporated.
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Examples of Qualified Accounts – B&L in a sentence

  • Not less than thirty (30) days from the end of each calendar month during the term of the Revolving Line of Credit Loan, Borrower shall provide to Lender a Borrowing Base Certificate in the form attached hereto as Exhibit “A”, indicating the amount of Qualified Accounts, Qualified Accounts – B&L, and Qualified Inventory, all in a format acceptable to Lender, together with such backup materials and documentation as Lender shall require.

  • Not less than thirty (30) days from the end of each calendar month during the term of the Revolving Line of Credit Loan, Borrower shall provide to Lender a Borrowing Base Certificate in the form attached hereto as Exhibit “B”, indicating the amount of Qualified Accounts, Qualified Accounts – B&L, and Qualified Inventory, all in a format acceptable to Lender, together with such backup materials and documentation as Lender shall require.

  • The aggregate principal amount of all advances under the Revolving Credit Loan outstanding at any time to Borrower shall not exceed the lesser of: (a) $1,500,000.00 or (b) a sum equal to the following: (i) 85% of Qualified Accounts – B&L (excluding the reserve for returns); plus (ii) 75% of Qualified Accounts (excluding the reserve for returns); plus (iii) 50% of Qualified Inventory.

  • The aggregate principal amount of all advances under the Revolving Credit Loan outstanding at any time to Borrower shall not exceed the lesser of: (a) $750,000.00 or (b) a sum equal to the following: (i) 85% of Qualified Accounts – B&L (excluding the reserve for returns); plus (ii) 75% of Qualified Accounts (excluding the reserve for returns); plus (iii) 50% of Qualified Inventory.