Inventory Reserves Sample Clauses
Inventory Reserves. The amount of any reserve established by Agent shall have a reasonable relationship to the event, condition or other matter which is the basis for such reserve (or increase thereof) as determined by Agent in good faith.
Inventory Reserves. (A) 100% of the Cost of all Eligible Inventory located at any location the landlord of which has been granted a security interest in the personal property of any Borrower, which landlord has not subordinated to the security interests created herein by an instrument which is reasonably satisfactory to the Lender.
(B) Return to vendor and damaged goods.
(C) Discrepancy store Inventory.
(D) Shrinkage, initially in the amount of $50,000.00 plus 1.0% of the Borrowers’ retail sales since the date of the last physical inventory, assuming the physical to book adjustment has been made.
Inventory Reserves. As reflected on the initial Borrowing Base Certificate furnished to the Agent.
Inventory Reserves. The Business recognizes Inventory reserves for excess and obsolete Inventory, aged WIP and other Inventory reserves. Reserve for excess and obsolete Inventory - The reserve for excess and obsolete Inventory is based on historical Inventory usage and not future forecasted usage, except for the locations that have historically used Materials Resource Planning (“MRP”) quantities to calculate Inventory reserves. As an example of the reserve calculations performed, the Inventory excess and obsolete Inventory reserve methodology for the Diodes, GaAs Sige, Components, PHO and Laser Diodes product lines have been described below and outlined in Annexes 1 to 4. The reserve for excess and obsolete Inventory for the Diodes and GaAs Sige product lines of M/A-COM Technology Solutions Inc. (“MTS”) are calculated by (i) determining the period of last activity for a part number followed by (ii) calculating the last twelve months usage for the part number followed by (iii) calculating the current Inventory in stock for the part number followed by (iv) subtracting the last twelve months usage from the current Inventory in stock for the part number and then multiplying by the percentage provision which is listed in the table below. The Components product line includes an excess and obsolete reserve for standard parts and custom parts as outlined in Annex 4. The reserve for excess and obsolete Inventory for standard parts in the Components product line is calculated by (i) determining the last three month usage of a part number (multiplied by four) followed by (ii) calculating the annualized Inventory usage based on the last three month usage of a part number followed by (iii) calculating the current Inventory in stock for the part number followed by (iv) calculating the surplus quantity by subtracting the annualized Inventory usage from the current Inventory in stock for the part number and multiplying by a 100% provision. The excess and obsolete Inventory for custom parts in Components is calculated by (i) determining the current Inventory in stock for the custom part number followed by (ii) determining the total required Inventory quantity for the custom part number based on the MRP requirement followed by (iii) calculating the surplus quantity by subtracting the MRP requirement from the current Inventory in stock for the part number and multiplying by a 100% provision. In addition, a reserve for parts on order in Components is calculated by (i) determining the quantity of...
Inventory Reserves. $0.00 as an amalgam of the Inventory Reserves applicable at the execution of this Agreement.
Inventory Reserves. Rejection reserve for MED, CA; MED, DE
Inventory Reserves. Such reserves as may be established from time to time by the Administrative Agent in the Administrative Agent's discretion with respect to the determination of shrink, the saleability, at retail, of the Eligible Inventory or which reflect such other factors as affect the market value of the Eligible Inventory.
Inventory Reserves. A reserve for shrinkage, initially set at $100,000.00 and increased, on the first day of each month, by 0.8% of the year to date sales until the Borrower's inventory is relieved to reflect the results of a physical inventory (at which time, the Reserve shall be relieved and likewise begin to accrete).
Inventory Reserves. Such reserves as may be established from time to time by the Administrative Agent in its sole discretion with respect to the determination of the saleability, at retail, of the Eligible Inventory or which reflect such other factors that affect the market value of the Eligible Inventory. Inventory Reserves shall at all times include a reserve equal to 100% of the cost of news stand (unless such news stand Inventory is otherwise captured in the most recently completed appraisal) and café Inventory. Inventory Reserves shall also include, without duplication of the other reserves contained in this definition, a xxxx down reserve as agreed by the Administrative Agent and the Second Lien Agent until such time as such xxxx downs are included in the appraised net orderly liquidation value of Eligible Inventory.
Inventory Reserves. As of the Effective Date, the following Inventory Reserves shall be implemented in the corresponding amounts:
(i) Shrink: In an amount to be determined by the Lender from time to time, but in no event less than $50,000.00 at any time.
(ii) Borrower's Codes: 961—Delia's Outlet Liquidations $ 227,490 962—Delia's Premier Liquidations $ 684,048 971—Delia's Outlet RTV $ 2,858 972—Delia's Premier RTV $ 64,037 981—Delia's Premier Damages $ 173,824 982—Delia's Outlet Damages $ 0.00 991—Outlet Discrepancy Store $ 0.00 992—Premier Discrepancy Store $ 3,503 998—Dummy Store $ 0.00 000—Distribution Warehouse $ 0.00 010—Event Sale Warehouse $ 0.00 The Lender reserves its right as set forth under the Loan Agreement to increase the amounts of the foregoing Reserves, or to establish additional Reserves, in the Lender's sole and exclusive discretion. Any such increase to an existing Reserve or establishment of a new Reserve shall take effect upon the next Business Day after receipt by the borrower of written notice thereof from the Lender.