Inventory Sublimit. Time Period Inventory Sublimit ----------- ------------------ From June 29, 1998 to and including $7,100,000.00 July 3, 1998 From July 4, 1998 to and including $7,000,000.00 July 10, 1998 From July 11, 1998 to and including $6,800,000.00 July 17, 1998 From July 18, 1998 to and including $6,500,000.00 July 24, 1998 From July 25, 1998 to and including $6,300,000.00 July 31, 1998 From August 1, 1998 and at all times $6,000,000.00 thereafter
Inventory Sublimit. Paragraph 3 of the letter agreement re: Inventory Loans, dated March 23, 1990, is hereby further amended by deleting the reference to "$5,000,000" and replacing it with "$6,000,000".
Inventory Sublimit. Time Period Inventory Sublimit ----------- ------------------ From Petition Date to and $12,000,000.00 including December 28, 1997 Time Period Inventory Sublimit ----------- ------------------ From December 29, 1997 to and $11,500,000.00 including January 11, 1998 From January 12, 1998 to and $11,000,000.00 including January 18, 1998 From January 19, 1998 to and $10,500,000.00 including February 1, 1998 From February 2, 1998 to and $10,000,000.00 including February 15, 1998 From February 16, 1998 to and $9,500,000.00 including March 2, 1998 On March 3, 1998 $9,400,000.00 From March 4, 1998 to and $9,350,000.00 including March 8, 1998 From March 9, 1998 to and $9,150,000.00 including March 15, 1998 From March 16, 1998 to and $9,000,000.00 including March 29, 1998 From March 30, 1998 to and $8,700,000.00 including April 5, 1998 From April 6, 1998 to and $8,600,000.00 including April 10, 1998 From April 11, 1998 to and $8,400,000.00 including May 31, 1998 From June 1, 1998 and at all times thereafter $8,000,000.00
Inventory Sublimit. Paragraph 3 of the Inventory Loan Letter is hereby further amended by deleting the reference to "$6,000,000" and replacing it with "$7,000,000".
Inventory Sublimit. Section 2.1(a) of the Loan Agreement shall be and is hereby amended to read in its entirety as follows:
Inventory Sublimit. Section 3.1(b) of the Loan Agreement is hereby deleted in its entirety and the following substituted therefor:
Inventory Sublimit. As of the opening of business on Wednesday (or, if not a Business Day, on the first Business Day thereafter) of each week, the sublimit on inventory advances referred to in subsection (b)(ii)(A) of the definition of "Borrowing Base" in the Loan Agreement (which sublimit is presently at $3,875,000) will continue to be permanently and automatically decreased by $25,000.
Inventory Sublimit. Time Period Inventory Sublimit ----------- ------------------ From Petition Date to and $12,000,000.00 including December 28, 1997 From December 29, 1997 to and $11,500,000.00 including January 11, 1998 Time Period Inventory Sublimit ----------- ------------------ From January 12, 1998 to and $11,000,000.00 including January 18, 1998 From January 19, 1998 to and $10,500,000.00 including February 1, 1998 From February 2, 1998 to and $10,000,000.00 including February 15, 1998 From February 16, 1998 to and $ 9,500,000.00 including March 2, 1998 On March 3, 1998 $ 9,400,000.00 From March 4, 1998 to and $ 8,750,000.00 including May 31, 1998 From June 1, 1998 and at all times thereafter $ 8,000,000.00
Inventory Sublimit. Inventory Sublimit shall mean the lesser of (A) $1,500,000 (the "Inventory Amount") and (B) 30% (the "Inventory Sublimit Rate") of Cash Receipts Availability; provided, that the Inventory Amount shall reduce to $750,000 on April 1, 1994 and thereafter shall further reduce by $187,500, commencing on April 30, 1994 and continuing on the same day of each calendar quarter thereafter until the Inventory Amount is zero, and the Inventory Sublimit Rate shall reduce to 25% on April 1, 1994 and thereafter shall further reduce by five percentage points, commencing on April 30, 1994 and continuing on the same day of each calendar quarter thereafter until the Inventory Sublimit Rate is reduced to zero.
Inventory Sublimit. (a) Notwithstanding anything to the contrary contained in Section 2.1(d) of the Loan Agreement, effective as of the date hereof and ending on October 31, 1996, the aggregate unpaid principal amount of the Loans with respect to Eligible Inventory pursuant to Section 2.1(a) of the Loan Agreement, regardless of the Value of Eligible Inventory at any time, shall not exceed $45,000,000 (the "Inventory Sublimit"), except in Lender's discretion; provided, -------- that, (i) if, at any time on or before October 31, 1996, Borrower shall sell ---- approximately one hundred sixty-seven (167) Hummers pursuant to the Foreign Military Sales Program of the United States Department of Defense under Case JCZ, dated June 28, 1996, between the United States Government and the Government of Thailand, then the Inventory Sublimit shall be reduced automatically and without further action by $3,000,000 and (ii) in addition to and not in limitation of the preceding clause (i), if, at any time on or before October 31, 1996, Borrower shall sell approximately six hundred one (601) Hummers pursuant to the Foreign Military Sales Program of the United States Department of Defense under Case JCX, dated May 30, 1996, between the United States Government and the Government of Thailand, then the Inventory Sublimit shall be reduced automatically and without further action by $12,000,000. In any event, the Inventory Sublimit shall be reduced automatically and without further action to $30,000,000 as of and after the close of business on October 31, 1996.
