Eligible Inventory Sublimit Sample Clauses
Eligible Inventory Sublimit. (a) of the Loan --------------------------- -------------- Agreement shall be and is hereby amended to read in its entirety as follows:
Eligible Inventory Sublimit. Notwithstanding --------------------------- anything herein or elsewhere to the contrary, the maximum amount of Revolving Credit Facility Usage based upon (i) the Eligible Inventory shall not exceed $11,000,000.00 at any time, and (ii) Eligible Inventory of Valley South shall not exceed $3,000,000 at any time; provided however, such -------- ------- $3,000,000 sublimit shall increase up to a maximum amount of $4,000,000 after receipt by Bank of Borrowers' audited annual financial statements required under Section for the ------- Borrowers and their Subsidiaries for the fiscal year ending March 31, 2002 and provided that no Default or Event of Default has occurred."
Eligible Inventory Sublimit. Notwithstanding anything --------------------------- herein or elsewhere to the contrary, the maximum amount of Revolving Credit Facility Usage based upon (i) the Eligible Inventory shall not exceed $6,000,000.00 at any time, (ii) Eligible inventory subject to an Eligible Inventory Buy-Back Agreement shall not exceed an amount to be determined by Bank.