Qualified Inventory. Upon delivery to the Administrative Agent of each Schedule of Inventory, the Administrative Agent shall make a determination, in its sole discretion, as to which Inventory listed thereon shall be deemed Qualified Inventory. Inventory held by any Loan Party shall not be considered Qualified Inventory unless the Administrative Agent determines, in its sole discretion, that such Inventory has met the following minimum requirements:
Appears in 3 contracts
Samples: Intercompany Subordination Agreement (Under Armour, Inc.), Intercompany Subordination Agreement (Under Armour, Inc.), Intercompany Subordination Agreement (Under Armour, Inc.)
Qualified Inventory. Upon delivery to the Administrative Agent of each Schedule of Inventory, the Administrative Agent shall make a determination, in its sole discretionReasonable Credit Judgment, as to which Inventory listed thereon shall be deemed Qualified Inventory. Inventory held by any Loan Party shall not be considered Qualified Inventory unless the Administrative Agent determines, in its sole discretionReasonable Credit Judgment, that such Inventory has met the following minimum requirements:
Appears in 2 contracts
Samples: Intercreditor Agreement (Armstrong Coal Company, Inc.), Credit Agreement (Armstrong Energy, Inc.)
Qualified Inventory. Upon delivery to the Administrative Agent of each Schedule of Inventory, the Administrative Agent shall make a determination, in its sole discretionPermitted Discretion, as to which Inventory listed thereon shall be deemed Qualified Inventory. Inventory held by any Loan Party Borrower shall not be considered Qualified Inventory unless the Administrative Agent determines, in its sole discretionPermitted Discretion, that such Inventory has met the following minimum requirements:
Appears in 2 contracts
Samples: Credit Agreement (Universal Stainless & Alloy Products Inc), Credit Agreement (Universal Stainless & Alloy Products Inc)
