Applicable NOLV Percentage

Applicable NOLV Percentage. 85%; provided, that, (A) for January, February and March 2012, the Applicable NOLV Percentage shall be 90% so long as (1) with respect to the applicable month, EBITDA of BlueLinx and its Subsidiaries for the most recently ended period of twelve (12) consecutive fiscal months for which Administrative and Collateral Agent has received financial statements of BlueLinx and its Subsidiaries in accordance with the terms of the Loan Agreement shall be not less than ($25,000,000) and (2) no Event of... Default shall exist and be continuing and (B) for January, February and March 2013, the Applicable NOLV Percentage shall be 90% so long as (1) with respect to each applicable month, EBITDA of BlueLinx and its Subsidiaries for the most recently ended period of twelve (12) consecutive fiscal months for which Administrative and Collateral Agent has received financial statements of BlueLinx and its Subsidiaries in accordance with the terms of the Loan Agreement shall be not less than ($10,000,000) and (2) no Event of Default shall exist and be continuing. View More