Common use of Eighty Five Clause in Contracts

Eighty Five. (85%) percent of the Net Face Amount of Borrower's Eligible Accounts, plus the lesser of (1) Forty (40%) percent of the Value of Eligible Inventory, (2) $975,000.00 or N/A of the Net Face Amount of Borrower’s Eligible Accounts.

Appears in 1 contract

Sources: Loan and Security Agreement (Synthetech Inc)

Eighty Five. (85%) percent of the Net Face Amount of Borrower's ’s Eligible Accounts, plus the lesser of (1) Forty (40%) percent of the Value of Eligible Inventory, (2) $975,000.00 1,500,000.00 or N/A of the Net Face Amount of Borrower’s Eligible Accounts.

Appears in 1 contract

Sources: Loan and Security Agreement (Synthetech Inc)