Inventory Formula Amount as of any date of determination, (a) at all times the U.K. Inventory Charge is in full force and effect, the lesser of (i) 75% of the Value of Parent’s U.K. Eligible Inventory and (ii) 85% of the NOLV Percentage of the Value of Parent’s U.K. Eligible Inventory, and (b) at all other times, $0.
Inventory Formula Amount the lesser of (a) 70% of the Value of Eligible Inventory of U.S. Borrowers; or (b) 85% of the NOLV Percentage of the Value of Eligible Inventory of U.S. Borrowers; provided, that at any time prior to the Conversion Date, the amount calculated under this definition shall not exceed the Inventory Sublimit.
Inventory Formula Amount the lesser of (i) 75% of the Value of Eligible Inventory; and (ii) 85% of the NOLV Percentage of the Value of Eligible Inventory. Inventory Reserve: reserves established by Agent in its Reasonable Credit Judgment to reflect factors that may negatively impact the Value of Inventory, including change in salability, obsolescence, seasonality, theft, shrinkage, imbalance, change in composition or mix, markdowns and vendor chargebacks. Investment: an Acquisition; an acquisition of record or beneficial ownership of any Equity Interests of a Person; or a loan, advance or capital contribution to or other investment in a Person. IRS: the United States Internal Revenue Service. Issuing Bank: Bank of America or any Affiliate of Bank of America, or any replacement issuer appointed pursuant to Section 2.2.4.
Inventory Formula Amount. 85% of the NOLV Percentage of the Value of Eligible Inventory. Inventory Reserve: reserves established by Agent to reflect factors that may negatively impact the Value of Inventory, including change in salability, obsolescence, seasonality, theft, shrinkage, imbalance, change in composition or mix, markdowns and vendor chargebacks. Investment: as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of (a) the purchase or other acquisition of any Equity Interests of another Person, (b) a loan, advance or capital contribution to, Guaranty or assumption of debt of, or purchase or other acquisition of any other debt or equity participation or interest in, another Person, including any partnership or joint venture interest in such other Person and any arrangement pursuant to which the investor guaranties Indebtedness of such other Person, or (c) the purchase or other acquisition (in one transaction or a series of transactions) of assets of another Person that constitute a business unit. For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in the value of such Investment. IRS: the United States Internal Revenue Service. Issuing Bank: Bank of America or any Affiliate of Bank of America, or any replacement issuer appointed pursuant to Section 2.3.4.
Inventory Formula Amount. The term “Inventory Formula Amount” as defined in Section 1.1 of the Loan Agreement is hereby deleted in its entirety and the following is substituted therefor: Inventory Formula Amount: the lesser of (i) $100,000,000; or (ii) 85% of the NOLV Percentage of the Value of Eligible Inventory.
Inventory Formula Amount. (a) Inventory Advance Rate: the lesser of (i) 60% of the Value of Eligible Inventory and (ii) 85% of the NOLV (based on the most recent Qualified Appraisal obtained by Lender in its discretion) of Eligible Inventory.
(b) In-transit Inventory Sublimit: $1,000,000
(c) In-transit Inventory Advance Rate: the lesser of (i) 50% of the Value of Eligible In-Transit Inventory and (ii) 85% of the NOLV (based on the most recent Qualified Appraisal obtained by Lender in its discretion) of Eligible In-Transit Inventory.
Inventory Formula Amount. (a) [Intentionally Omitted].
(b) Inventory Advance Rate: 50% of the Value of Eligible Inventory , unless Lender obtains at its discretion at any time a Qualified Appraisal with respect to Inventory, then the Inventory Advance Rate will be the lesser of 50% of the Value of Eligible Inventory and 85% of the NOLV of Eligible Inventory.
Inventory Formula Amount. As of the date hereof, Agent will make the finished good CEEEB Inventory eligible under Inventory Formula Amount; provided, however, that until a new appraisal (in form and substance acceptable to Agent) of the CEEEB Inventory is received by Agent, the (b) competent of the definition of Inventory Formula Amount shall equal:
Inventory Formula Amount. The lesser of (i) 65% of the Value of Eligible Inventory on the date of determination, and (ii) the sum of (A) 85% of the NOLV of Eligible Inventory consisting of raw materials on the date of determination, and (B) 85% of the NOLV of Eligible Inventory consisting of finished goods on the date of determination.
Inventory Formula Amount the lesser of (i) 65% of the Value of Eligible Inventory; or (ii) 85% of (A) in case of any determination of the Inventory Formula Amount during the High Season, the NOLV Percentage of the Value of Eligible Inventory applicable to the High Season or (B) in the case of any determination of the Inventory Formula Amount during the Low Season, the NOLV Percentage of the Value of Eligible Inventory applicable to the Low Season; plus
