Receivables Availability definition

Receivables Availability means the amount of Revolving Credit Advances against Eligible Receivables Lender may from time to time during the term of this Agreement make available to Borrower up to 85% ("Receivables Advance Rate") of the net face amount of Eligible Receivables.

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Receivables Availability means the amount of Revolving Advances against Eligible Receivables Lender may from time to time during the term of this Agreement make available to Borrowers up to 85% ("Receivables Advance Rate") of the net face amount of Borrowers' Eligible Receivables.

Receivables Availability means 85% ("Receivables Advance Rate") of the net face amount of Borrowers' Eligible Receivables, subject to Section 2(c) hereof.

Examples of Receivables Availability in a sentence

• So long as Lender is satisfied with the weekly and monthly borrowing base certificates delivered by each Borrower, the Receivables Availability shall be adjusted based on such borrowing base certificates.

• The Borrowing Base Certificate shall certify to the Lender, and shall contain sufficient information and calculations as the Lender may deem necessary or desirable, in order to verify any Receivables Availability, Inventory Availability, the applicable Formula Amount and whether or not Receivables and/or Inventory included therein are Eligible Receivables and/or Eligible Inventory.

• The Borrowing Base Certificate shall certify to Lender, and shall contain sufficient information and calculations as Lender may deem necessary or desirable, in order to verify any Receivables Availability, the applicable Formula Amount and whether or not Receivables included therein are Eligible Receivables.

• Minimum Average Monthly Loan Amount Maximum Revolving Amount Overadvance Availability Overdraft Loans Overadvance Rate Receivables Availability Revolving Interest Rate Term Loan Term Loan Rate Term Note PROVIDED, that such deletions shall not impair any references to any of such terms in the provisions added by this Amendment.

• The Borrower shall not have an option to use a LIBOR based rate for Revolving Advances upon the occurrence and during the continuance of any Event of Default and during any period in which the aggregate amount of the Revolving Advances exceeds the sum of the Receivables Availability and the Inventory Availability.

More Definitions of Receivables Availability

Receivables Availability means the amount of Revolving Credit Advances against Eligible Receivables Lender may from time to time during the term of this Agreement make available to each Borrower up to eighty-five percent (85%) of the net face amount of Eligible Receivables of such Borrower. The Eligible Receivables of ADC shall be included for the purposes of determining the Eligible Receivables of ADI.

Receivables Availability means the amount of Revolving Credit Advances against Eligible Receivables Lender may from time to time during the Term of this Agreement make available to Borrower up to the lesser of (a) $100,000, or (b) up to forty percent (40%) of the net face amount of Borrower's Eligible Receivables.

Receivables Availability means, as at any time of determination thereof, the amount (if any) by which the Availability at such time (as disclosed in the most recently submitted Investment Base Certificate or as otherwise determined by Purchaser or the Operating Agent based on the Seller Collateral information available to it, including any information obtained from any audit or from any other reports with respect to the Seller Collateral, which determination shall be final, binding and conclusive on all parties to the Purchase Agreement in the absence of manifest error) exceeds the Capital Investment at such time.

Receivables Availability means the sum of (x) 85% of the face amount of Eligible Receivables arising from the sale of condensate and oil plus (y) 55% of the face amount of Eligible Receivables arising from the sale of gas provided that in calculating Receivables Availability there shall be deducted from the face amount of Eligible Receivables an amount equal to of such reserves as Lender deems appropriate in its sole and absolute discretion in connection with any material claim asserted or threatened against Lender or of which Lender becomes aware due to material facts leading Lender to reasonably believe that an action or claim may be asserted against Lender arising out of or relating to this financing arrangement, including but not limited to, amounts which lessors, royalty holders, working interest holders and other Persons would be entitled to assert are secured by a UCC 9.319 Lien on the Receivables or proceeds thereof, whether or not such lessors, royalty holders, working interest holders or Persons, or any of them, have asserted or claimed any such UCC 9.319 Lien.

Receivables Availability means, as at any time of determination thereof, the sum (without duplication) of the amount (if any) by which the Availability at such time exceeds the Capital Investment at such time, and for purposes of this definition Availability shall be determined by the Operating Agent in its good faith credit judgment based on the most recently submitted Investment Base Certificate and such other information as may be available to the Operating Agent and with trade payables and other expenses and liabilities of Cone Mills and its Subsidiaries being paid in the ordinar▇ ▇▇urse of business and without acceleration of sales of inventory by Cone Mills and its Subsidiaries, and such determination sha▇▇ ▇e binding and conclusive on all parties to the Purchase Agreement in the absence of manifest error.

Receivables Availability. As of any date of determination for any Holder of a Receivables Note, the lesser of (A) the excess, if any, of (x) the Receivables Commitment of such Receivables Noteholder on such date of determination over (y) the then Note Principal Balance of such Receivables Note held by such Receivables Noteholder on such date; and (B) the excess, if any, (x) of such Receivables Noteholder’s Percentage of the Receivables Borrowing Base over (y) the then Note Principal Balance of such Receivables Note held by such Receivables Noteholder on such date.

Receivables Availability means 90% ("Receivables Advance Rate") of the face amount of Eligible Receivables provided that in calculating Receivables Availability there shall be deducted from the face amount of Eligible Receivables an amount equal to the greater of (a) with respect to Eligible Receivables arising from the sale of Hydrocarbons, 38% of the face amount of such Eligible Receivables and (b) the aggregate amount which lessors, royalty holders, working interest holders and other Persons would be entitled to assert are secured by a UCC 9.319 Lien on the Receivables or proceeds thereof, whether or not such lessors, royalty holders, working interest holders or Persons, or any of them, have asserted or claimed any such UCC 9.319 Lien.