Maximum Inventory. As of the last Business Day of each month during the term of this Agreement, the aggregate value of: (i) Inventory (excluding parts, but including Inventory in transit to Borrowers' locations); plus (b) the aggregate face amount of all outstanding Letter of Credit Accommodations, shall not exceed $26,000,000.
Maximum Inventory. The Borrower will not permit the ------------------ aggregate value of all Inventory owned by the Borrower and the Subsidiaries and located at the retail stores operated by the Borrower and the Subsidiaries on any date set forth below to exceed the amount set forth opposite such date: Date Amount ------------------ ----------- June 30, 2003 $17,000,000 September 30, 2003 $16,000,000 December 31, 2003 $15,000,000 March 31, 2004 $14,000,000 June 30, 2004 $14,000,000 September 30, 2004 $16,000,000 December 31, 2004 $14,000,000 March 31, 2005 $14,000,000 June 30, 2005 $14,000,000 September 30, 2005 $16,000,000 December 31, 2005 $14,000,000 March 31, 2006 $14,000,000 June 30, 2006 $14,000,000 September 30, 2006 $16,000,000 December 31, 2006 $14,000,000 March 31, 2007 $14,000,000 June 30, 2007 $14,000,000 September 30, 2007 $16,000,000 December 31, 2007 $14,000,000
Maximum Inventory. The Borrower shall not permit the ----------------- Inventory Value, as of the fiscal quarters ending July 4, 1999 and October 3, 1999, and as of any calendar month end thereafter, to be greater than (A) the Inventory Value as of April 4, 1999, plus (B) $250,000.
Maximum Inventory. Borrower shall maintain inventory, valued at the lower of cost or market, not to exceed the following amounts during the following time periods: Month End Maximum Inventory --------- ----------------- September 1997 $7,800,000 October 1997 $7,800,000 November 1997 $7,800,000 December 1997 $7,800,000
Maximum Inventory. Not permit gross Inventory of Borrower, on a consolidated basis and as of any Fiscal Quarter end, to exceed the following amounts for the specified Fiscal Quarters: $30,000,000 as of January 1, 2016, $29,000,000 as of April 1, 2016, $28,000,000 as of July 1, 2016, $27,000,000 as of September 30, 2016, $26,000,000 as of December 30, 2016 and $25,000,000 as of the end of the Fiscal Quarter ending March 31, 2017 and as of the end of each Fiscal Quarter thereafter.
Maximum Inventory. Permit the aggregate amount of Inventory of the Borrower and its Subsidiaries, calculated on a consolidated basis in accordance with GAAP, as of the last day of any Fiscal Month set forth below to be greater than the corresponding amount set forth below: Fiscal Month Amount August 1995 $ 64,400,000 September 1995 $ 62,100,000 October 1995 $ 61,000,000 ; provided that unless a Business Plan Event has occurred, this subsection 6.1(a) shall be automatically amended on September 15, 1995 to add applicable covenant amounts, which shall be the covenant amounts contained in the Business Plan, for each fiscal month during the remaining term of this Agreement.
Maximum Inventory. Permit the aggregate amount of Inventory of the Borrower and its Subsidiaries, calculated on a consolidated basis in accordance with GAAP, as of the last day of any Fiscal Month set forth below to be greater than the corresponding amount set forth below: Fiscal Month Amount October 1995 $51,000,000 November 1995 48,000,000 December 1995 46,000,000 January 1996 44,000,000 February 1996 42,000,000 March 1996 41,000,000 April 1996 40,000,000 May 1996 40,000,000 June 1996 40,000,000" B. Subsection 6.1(b) of the Credit Agreement is hereby amended and restated in its entirety as follows: "(b) Maximum Cash Disbursements Permit the aggregate amount of Cash disbursements, measured on a consolidated basis for the Borrower and its Subsidiaries, for the cumulative periods set forth below to be greater than the corresponding amount indicated below: Period Amount October 1 through October 31, 1995 $13,100,000 October 1 through November 30, 1995 24,000,000 October 1 through December 31, 1995 37,800,000" C. Subsection 6.2 of the Credit Agreement is hereby amended by (i) deleting the word "and" from the end of clause (b) thereof, (ii) deleting the punctuation "." from the end of clause (c) thereof and substituting "; and" therefor, and (iii) adding the following clause (d) at the end of such subsection: "(d) SCC Singapore may become and remain liable with respect to Indebtedness in an aggregate principal amount not to exceed Singapore $14,000,000 incurred in accordance with the terms and provisions of the OCBC Facility Letter; provided that all proceeds of such Indebtedness are used in accordance with the provisions of the OCBC Facility Letter." D. Subsection 6.3 of the Credit Agreement is hereby amended by (i) deleting the word "and" from the end of clause (i) thereof, (ii) deleting the punctuation "." from the end of clause (y) thereof and substituting "; and" therefor, and (iii) adding the following clause (k) at the end of such subsection: "(k) Liens on the Singapore Factory to secure Indebtedness permitted under subsection 6.2(d)." E. Subsection 6.6 of the Credit Agreement is hereby amended by (i) deleting the word "and" from the end of clause (d) thereof, (ii) deleting the punctuation "." from the end of clause (e) thereof and substituting "; and" therefor, and (iii) adding the following clause (f) at the end of such subsection: "(f) the sale of the Singapore Factory; provided that the proceeds of such sale are used first to repay Indebtedness permitted under subsect...
Maximum Inventory. The following Section 9.20B is hereby added to the Loan Agreement in proper numerical order:
Maximum Inventory. Maintain on a Consolidated basis ----------------- Inventory with an aggregate value (calculated on the basis of the higher of cost or market with cost calculated on a first-in, first-out basis) of not more than the amount shown below as of the date indicated below: Date Amount ---- ------ (b) January 31, 2002 (b) $21,500,000 (c) April 30, 2002 (c) $16,750,000 (d) July 31, 2002 (d) $14,000,000"
Maximum Inventory. The Borrower, on a non-consolidated basis, will not permit its gross Inventory (excluding the value of the Inventory owned by its Subsidiaries) to exceed the following amounts measured as of the last day of the following months: INVENTORY AMOUNT MONTH ENDING ---------------- ------------ $46,000,000 September, 2001 $40,000,000 October, 2001 $36,000,000 November, 2001 $35,000,000 December, 2001 $35,000,000 January, 2002 $35,000,000 February 2002
