Inventory Appraisals. The Administrative Agent shall have received an appraisal of the Borrowers’ Inventory from one or more firms reasonably satisfactory to the Administrative Agent, which appraisal shall be satisfactory to the Administrative Agent.
Appears in 2 contracts
Sources: Credit Agreement (Urban Outfitters Inc), Credit Agreement (Urban Outfitters Inc)
Inventory Appraisals. The Administrative Agent shall have received an appraisal results of appraisals of the Borrowers’ orderly liquidation value of the Borrower's Inventory from one or more firms reasonably satisfactory a third party appraisal firm acceptable to the Administrative AgentAgent and in form, which appraisal shall be scope and substance satisfactory to the Administrative Agent.
Appears in 1 contract
Sources: Credit Agreement (Aviall Inc)
Inventory Appraisals. The Administrative Agent shall have received an appraisal of the BorrowersLoan Parties’ Inventory from one or more firms reasonably satisfactory to the Administrative Agent, which appraisal shall be satisfactory to the Administrative AgentAgent in its Permitted Discretion.
Appears in 1 contract