Extract to table

Applying this advance rate to the estimated eligible receivables yields a receivables component of the borrowing base of: $38,000,000 × 85% = $32,300,000 The key eligibility criteria for accounts receivable, as specified in the initial term sheet, include the following requirements: (a) Receivables must be less than 90 days past the invoice date

Meridian should also seek a cap on the annual cost of field examinations that the borrower is required to bear, and the ability to select from a pre-approved panel of field examination firms