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.

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

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.

Examples of Receivables Availability in a sentence

• 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.

• 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.

• In the event the aggregate amount of Revolving Advances exceeds the Inventory Availability and the Receivables Availability for five (5) or more days in any month during the Term, the Letter of Credit Fees shall increase by one-eighth of one percent (0.125%) during such month.

• As of Date: Borrowing Base Certificate Certificate # 1 Credit Card Receivables Credit Card Receivables as of: 3/31/2018 Less Outstanding Credit Card Fees Eligible Credit Card Receivables Advance Rate 90.0% Total Credit Card Receivables Availability $ - RETAIL INVENTORY At Retail At Cost Beginning Inventory per Stock Ledger 3/3/2018 Add: Purchases Available for Sale Less: Sales/Cost of Good Sold Ending Inventory per Stock Ledger Add.

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 Agro-Dan.

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.

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. 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 is amended by deleting the words "seventy percent (70%)" in the last line thereof and substituting the words "seventy-five percent (75%)" in their place and stead.

Receivables Availability means the Available Commitment as defined in the Receivables Purchase Agreement, as amended.

Receivables Availability means, at any time, the maximum amount available at such time to be funded, whether through the making of cash purchases or loans, or through the issuance of letters of credit, under a Permitted Receivables Securitization Program, taking into account any borrowing base or similar limitations on availability.