Consignments Sample Clauses
Consignments. Consign any of their Inventory or sell any of their Inventory on xxxx and hold, sale or return, sale on approval, or other conditional terms of sale.
Consignments. Consign any Inventory or sell any Inventory on xxxx and hold, sale or return, sale on approval, or other conditional terms of sale.
Consignments. Consign any of its Inventory or sell any of its Inventory on xxxx and hold, sale or return, sale on approval, or other conditional terms of sale, except as set forth on Schedule 7.15 to the Information Certificate.
Consignments. Borrower shall not consign any Inventory or sell any Inventory on xxxx and hold, sale or return, sale on approval, or other conditional terms of sale.
Consignments. No Grantor has, and none shall have, possession of any property on consignment from any consignor having a value greater than $10,000,000 unless a lien waiver or other agreement in favor of the Administrative Agent reasonably satisfactory to the Administrative Agent is delivered to the Administrative Agent by such consignor.
Consignments. Consign any of its or their Inventory with a value in excess of $250,000 in the aggregate or sell any of its or their Inventory with a value in excess of $250,000 in the aggregate on xxxx and hold, sale or return, sale on approval, or other conditional terms of sale.
Consignments. Except as otherwise disclosed in the Perfection Certificate, no Grantor has, and none shall have, possession of any property on consignment.
Consignments. Consign any Inventory or sell any Inventory on xxxx and hold, sale or return, sale on approval, or other conditional terms of sale (it being understood that customer return and exchange policies relating to the sale of Inventory in the ordinary course of business shall not be prohibited by this Section 7.15).
Consignments. So long as the Series 2000-1 Certificates remain outstanding, the following provisions shall apply with respect to Unreleased Consignment Liens:
(a) Not later than the Closing Date and each Determination Date, the Servicer shall calculate an amount (the "Consignment Reserve Amount") equal to CRA, where: CRA = CS x 1/PR CS = the highest aggregate dollar amount of retail sales by The Neiman Marcus Group, Inc. of goods consigned to it by the Specified Consignor during any one of the preceding 12 Monthly Periods PR = the arithmetic mean of the principal payment rates of the Receivables for the prior three Monthly Periods, with the principal payment rate for each Monthly Period calculated as the total amount of payments on the Principal Receivables received during such Monthly Period divided by the aggregate Principal Receivables outstanding at the beginning of such Monthly Period.
(b) For purposes of all calculations of the Seller's Interest and all other calculations affected by the amount of Principal Receivables during the period from and including each Determination Date until the next Determination Date, a portion of the Principal Receivables in an amount equal to the Consignment Reserve Amount determined on the first such Determination Date shall be deemed to have a balance of zero. For the period from and including the Closing Date through but excluding the first Determination Date, a Consignment Reserve Amount of $2,375,000 shall be used and applied as provided in the preceding sentence.
(c) For purposes of Section 2.05 of the Agreement: (i) the amount of the Ineligible Receivables resulting from Unreleased Consignment Liens at any time shall (except as provided in clause (iii) below) be deemed to equal the Consignment Reserve Amount; (ii) such Ineligible Receivables are not required to be removed from the Trust, but the Seller shall be required to make any deposits into the Excess Funding Account required by Section 2.05(b); and (iii) if the existence of Unreleased Consignment Liens results in an actual impairment of the Trust's access to any Receivables, and the amount of Receivables subject to Unreleased Consignment Liens is greater than the Consignment Reserve Amount, then the actual amount of Receivables subject to Unreleased Consignment Liens shall be used for purposes of determining the Seller's deposit obligations under Section 2.05(b).
(d) To the extent that the Seller is required to make any deposit to the Excess Funding Account as a result o...
Consignments. Borrower shall not consign any Inventory.