10.
LESS: INELIGIBLES
-
11. NET AMOUNT OF ELIGIBLE CREDIT CARD A/R
-
ADVANCE RATE
90%
‐
PERPETUAL INVENTORY (DETAIL SHOWN ON ATTACHED SCHEDULE 3)
12.
INVENTORY AVAILABILITY BASED ON APPRAISED VALUE -
13.
INVENTORY COMPONENT OF BORROWING BASE (LINE 12)
‐
AVAILABILITY RESERVES (DETAIL SHOWN ON ATTACHED SCHEDULE 4)
14.
LESS: AVAILABILITY RESERVES
-
15.
BORROWING BASE (LINE 8 + LINE 11 + LINE 13 + LINE 14)
-
CREDIT EXTENSIONS
16.
OUTSTANDING LOAN
BALANCE AS OF
-
17.
MERCHANDISE L/C's as of:
-
18.
STANDBY L/C's as of:
-
19.
BANKERS' ACCEPTANCES
20. TOTAL CREDIT EXTENSIONS
-
EXCESS AVAILABILITY
21. TOTAL
COMMITMENTS (PER SCHEDULE 1.1 OF THE AGREEMENT)
600,000,000
22.
BORROWING BASE (LINE 15)
-
23. LESSER OF TOTAL COMMITMENTS OR
BORROWING BASE (LESSER OF LINE 21 OR LINE 22)
-
24. LESS: TOTAL CREDIT EXTENSIONS (LINE 20)
-
25. EXCESS AVAILABILITY
$
‐
THE UNDERSIGNED REPRESENTS AND WARRANTS THAT THE INFORMATION SET FORTH ABOVE AND
ON THE ATTACHED SCHEDULES IS TRUE AND COMPLETE IN ALL MATERIAL RESPECTS. THE
UNDERSIGNED REPRESENTS AND WARRANTS THAT (A) THE COLLATERAL REFLECTED ABOVE AND
IN THE SUPPORTING DOCUMENTATION DELIVERED IN CONNECTION HEREWITH COMPLIES IN ALL
MATERIAL RESPECTS WITH THE REPRESENTATIONS, WARRANTIES AND COVENANTS CONTAINED
IN THE FOURTH AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT DATED AS
OF APRIL 14, 2020 (AS AMENDED, RESTATED, SUPPLEMENTED AND OTHERWISE MODIFIED
FROM TIME TO TIME, THE "CREDIT AGREEMENT") AND THE OTHER LOAN DOCUMENTS (AS
DEFINED IN THE CREDIT AGREEMENT), BY, AMONG OTHERS, CALERES, INC. (THE "LEAD
BORROWER"), CERTAIN OF ITS SUBSIDIARIES, BANK OF AMERICA, N.A., AS
ADMINISTRATIVE AGENT, COLLATERAL AGENT, SWINGLINE LENDER AND LEAD ISSUING BANK,
AND THE OTHER LENDERS PARTY THERETO FROM TO TIME, AND (B) NO DEFAULT OR EVENT OF
DEFAULT (AS SUCH TERMS ARE DEFINED IN THE CREDIT AGREEMENT) HAS OCCURRED OR IS
CONTINUING.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
CALERES, INC.,
AS LEAD BORROWER AND AS A BORROWER:
AUTHORIZED SIGNATURE:
NAME:
William Berberich, Jr.
TITLE:
VP, Taxes, Treasury and Assistant Secretary