Inventory Loan Sample Clauses

Inventory Loan. All conditions precedent to the closing of the amendment to the Inventory Loan, as reflected in the Inventory Loan Agreement, shall have been satisfied.

Inventory Loan. Borrower agrees punctually to pay or cause to be paid to Lender when due all principal and interest due in respect of the Inventory Loan and all other Obligations related to the Inventory Loan or provided for under the Loan Documents. Borrower agrees to make the following payments on the Inventory Loan:

Inventory Loan. Valley maintains an inventory of compact discs containing ----------------- prerecorded music (each, a "CD" and, collectively, the "CDs"). Valley will -- --- [*], one copy of each stock-keeping unit maintained by Valley among its inventory of CDs during the term of this Agreement, including the original artwork and packaging for each such CD (each, a "Loaned CD" and, --------- collectively, the "Loaned CDs"). Valley will deliver the Loaned CDs to Loudeye [*]. Loudeye will pay Valley a handling charge of [*] per Loaned CD delivered to Loudeye by Valley.

Inventory Loan. Section 1.1 (Definitions). is hereby amended in part to add the following new paragraph:

Inventory Loan. (a) Subject to the terms, covenants and conditions hereinafter set forth (including, without limitation, the terms set forth in Schedule A attached hereto), Initial Lender agrees to, upon the Borrower’s request from time to time (but in no event more often than, together with any Receivables Loan Advances made pursuant to Section 2.1, one (1) time per week), until the Maturity Date, to make loans to the Borrowers (collectively, the “Inventory Loan” and each advance thereof an “Inventory Loan Advance”), in an aggregate amount (including accrued but unpaid interest thereon) not to exceed at any time outstanding the lesser of the following: (i) the Amount of Inventory Credit Line as in effect from time to time or (ii) the Availability on Eligible Inventory. In no event shall Initial Lender be required to fund Inventory Loan Advances if after giving effect to any Inventory Loan Advance either (i) the aggregate amount of the outstanding Inventory Loan would exceed the Amount of Inventory Credit Line then in effect or (ii) the aggregate amount of the Loan Advances would exceed the Maximum Aggregate Credit Line. Within the limits of this Section 2.2, Borrowers may borrow, repay and reborrow the Inventory Loan. (b) The obligation of the Borrowers to repay to a Lender the aggregate amount of each Inventory Loan Advance made by such Lender (whether directly or as assignee of another Lender), together with interest accruing in connection therewith, shall be evidenced by an Inventory Note in substantially the form of Exhibit F-2 attached hereto and made a part hereof, issued in the principal amount of such Inventory Loan Advance and dated the date on which the proceeds of such Inventory Loan Advance are advanced hereunder to or for the account of the Borrowers. The amount of principal owing on any Inventory Note at any given time shall be the aggregate amount of the Inventory Loan Advances evidenced thereby minus all payments of principal theretofore received by the Administrative Agent on such Inventory Note. Interest on each Inventory Note shall accrue and be due and payable as provided herein and therein. Each Inventory Note shall be due and payable as provided herein and therein and the principal amount of the Inventory Loan Advance evidenced thereby, together with all accrued and unpaid interest thereon, shall be due and payable in full on the Maturity Date applicable to the Inventory Loan and Borrowers jointly and severally unconditionally promise to pay each In...

Inventory Loan. The principal balance of the Inventory Loan shall be repaid through the application of Interval Sales Payments and through the making of additional principal payments on each Measuring Date as defined and under the terms and conditions set forth in the Inventory Loan Note.

Inventory Loan. Section 1.1(ll) is hereby restated and amended to read as follows:

Inventory Loan. The occurrence of an Event of Default by Borrower with respect to any of the Inventory Loan or the Inventory Loan Documents.

Inventory Loan. In the event the Inventory Loan has not closed by January 31, 1999, Borrower shall, on or before that date, cause Lender to be named as beneficiary under the fideocomiso trust that holds Borrower's unsold Time-Share Interest inventory or otherwise be granted rights in form satisfactory to Lender to such extent so that Lender will have the right, directly or indirectly, to enforce the Operating Agreements. Lender's ability to enforce the Operating Agreement shall not restrict or limit the Borrower's ability to sell Time-Share inventory in the ordinary course of business.