Adjusted Inventory Amount definition

Adjusted Inventory Amount means, at any time, (a) an amount equal to 50% of the consolidated inventory of the Borrower and its Subsidiaries as of the fiscal quarter end occurring at or most recently prior to such time, minus (b) the aggregate amount of the Indebtedness of Lakeside Farm Industries, Ltd. outstanding under the Three-Year Term Loan Agreement.
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Adjusted Inventory Amount means the sum of (a) the value of the Current Inventory as determined pursuant to Section 3.4, (b) the product of 0.50 and the value of the Medium Term Inventory as determined pursuant to Section 3.4, (c) the value of BSRs included in the Conveyed Inventory as determined pursuant to Section 3.4, (d) the value of the Transition Inventory included in the Conveyed Inventory as determined pursuant to Section 3.4, (e) the product of 0.75 and the value of the Scheduled 4/25 Inventory as determined pursuant to Section 3.4(a), (f) the product of 0.80 and the value of the Scheduled 5/25 Inventory as determined pursuant to Section 3.4, (g) in respect of Purchase Order Scheduled 5/25 Inventory, the lesser of (x) the product of .80 and the value of the Purchase Order Scheduled 5/25 Inventory as determined in accordance with Section 3.4 and (y) and the wholesale price for such Purchase Order Scheduled 5/25 Inventory as set forth on the valid customer purchase order for such Purchase Order Scheduled 5/25 Inventory, and (h) in respect of Purchase Order Scheduled 4/25 Inventory, the lesser of (x) the product of .75 and the value of the Purchase Order Scheduled 4/25 Inventory as determined in accordance with Section 3.4 and (y) the wholesale price for such Purchase Order Scheduled 4/25 Inventory as set forth on the valid customer purchase order for such Purchase Order Scheduled 4/25 Inventory, in each case, not including inventory that constitutes goods-in-transit or Conveyed Inventory that has not otherwise been paid for in full by the Seller as of the Closing Date.
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Adjusted Inventory Amount has the meaning ascribed to such term in Section 6.09.
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Examples of Adjusted Inventory Amount in a sentence

  • The Purchase Price shall be increased or decreased by the amount, if any, by which the amount of the inventory as so determined (the "Adjusted Inventory Amount") is greater than or less than the Baseline Inventory Amount.

  • The Purchase Price shall be increased or decreased by the amount, if any, by which the amount of the inventory as so determined (the "Adjusted Inventory Amount") is greater than or less than the "Baseline Inventory Amount".

  • Inventory which is damaged, obsolete, defective or present in quantities which materially exceed the Company’s production requirements shall be excluded from the Inventory count and the Adjusted Inventory Amount (as defined below).

  • The Borrower shall not, prior to the Compliance Date, permit (a) the sum of the Aggregate Committed Credit Exposure and the aggregate principal amount of the outstanding Bid Loans at any time to be greater than (b) the Adjusted Inventory Amount at such time.

  • The Guarantor shall not, prior to the Compliance Date, permit (a) the sum of the Aggregate Committed Credit Exposure and the aggregate principal amount of the outstanding Bid Loans at any time to be greater than (b) the Adjusted Inventory Amount at such time.


More Definitions of Adjusted Inventory Amount

Adjusted Inventory Amount has the meaning specified in the Five-Year Revolving Credit Agreement.
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Adjusted Inventory Amount means the sum of (a) the value of the Current Inventory as determined pursuant to Section 3.4, (b) the product of 0.50 and the value of the Medium Term Inventory as determined pursuant to Section 3.4, (c) the value of BSRs included in the Conveyed Inventory as determined pursuant to Section 3.4, (d) the value of the Transition Inventory included in the Conveyed Inventory as determined pursuant to Section 3.4, (e) the product of
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Related to Adjusted Inventory Amount

  • Inventory Value has the meaning set forth in Section 2.1.

  • Excluded Inventory shall have the meaning set forth in Section 2.4.

  • Consolidated Cash Balance means, at any time, the aggregate amount of cash and cash equivalents, marketable securities, treasury bonds and bills, certificates of deposit, investments in money market funds and commercial paper, in each case, held or owned by, or credited to, the account of the Borrower and its Subsidiaries (including non-wholly owned Subsidiaries and Permitted J/Vs).

  • Formula Amount shall have the meaning set forth in Section 2.1(a).

  • Net Book Value means the net book value of the relevant Supplier Asset(s) calculated in accordance with the depreciation policy of the Supplier set out in the letter in the agreed form from the Supplier to the Costumer of even date with this Call Off Contract;

  • Consolidated Cash Interest Expense means, for any period, Consolidated Interest Expense for such period excluding, however, any interest expense not payable in Cash (including amortization of discount and amortization of debt issuance costs).

  • Adjusted Total Assets means, for any Person, the sum of: