Applicable Inventory Advance Rate means 90%.
Applicable Inventory Advance Rate. The following rates for the following periods: 85% December 16 through April 14 of each year 90% April 15 through June 15 of each year 85% June 16 through September 30 of each year 90% October 1 through December 15 of each year
Applicable Inventory Advance Rate means 60% for the period between January 1 through and including September 30 and 65% for the period between October 1 through and including December 31.
Examples of Applicable Inventory Advance Rate in a sentence
The definition of "Applicable Inventory Advance Rate" set forth in Section 1 of the Loan Agreement is hereby deleted in its entirety.
Article 1 of the Credit Agreement is amended as follows: (i) The definitions of "Applicable Inventory Advance Rate", "Revolving Credit Casual Male Companies Inventory Advance Rate" and "Revolving Credit RBT Inventory Advance Rate" are hereby xxxnded to extend the Rate which is applicable through December 15, 2005 to February 1, 2006.
More Definitions of Applicable Inventory Advance Rate
Applicable Inventory Advance Rate means:
Applicable Inventory Advance Rate means (i) fifty-five percent (55%) for Non-Qualified Inventory (as hereinafter defined) and (ii) seventy percent (70%) for Qualified Inventory (as hereinafter defined); and where (i) "Qualified Inventory" means Eligible Inventory meeting the following conditions: (1) it is situated at an ISA Site pursuant to an existing ISA which is then in effect with a Customer whose credit quality has been approved by the Administrative Agent in its commercially reasonable judgment; (2) Acknowledgment Agreements in regard to such Inventory in form satisfactory to the Administrative Agent have been duly executed and are then in effect, and (3) the ISA or Customer Agreement contains "buyback" or "buyout" provisions with respect to such Inventory satisfactory to the Administrative Agent; and (iii) "Non-Qualified Inventory" means any Eligible Inventory except Qualified Inventory, including any Eligible Inventory at any ISA Site which fails to meet any one of the foregoing criteria for "Qualified Inventory"; minus
Applicable Inventory Advance Rate means, as to each category of Inventory set forth below, the applicable advance rate percentage set forth below which corresponds thereto:
Applicable Inventory Advance Rate means (a) seventy percent (70%) for Eligible Current Year Inventory and Eligible Imported Inventory and (b) fifty percent (50%) for Eligible Year Old Inventory; provided, however, that the Applicable Inventory Advance Rate for Eligible Current Year Inventory and Eligible Imported Inventory will be reduced to sixty-five percent (65%) six months after the Closing Date and will be further reduced to sixty percent (60%) upon the earlier of (i) the repayment in full of the BofA Loan, and (ii) the first Anniversary Date; provided, further, that the Applicable Inventory Advance Rate for Eligible
Applicable Inventory Advance Rate means, at the time of determination thereof: (a) 65% with respect to Eligible Inventory of Go-Video consisting of VCR models then in production; (b) 50% with respect to Eligible Inventory of Go-Video consisting of VCR models no longer in production; (c) 65% with respect to Eligible Inventory of Go-Video's Security Products division consisting of Samsung branded VCR's and GVI time lapsed VCRs; (d) 50% with respect to Eligible Inventory of Go-Video's Security Products division that is not described in the preceding clause (c); (e) 50% with respect to Eligible Inventory of Go-Video consisting of new products, including Loewe televisions; and (f) 65% with respect to Eligible Inventory of Cal-Audio; provided, however, that such rate set forth in clause (e) may increase, up to 65%, at such time as: (i) Lender has received a satisfactory appraisal (which shall include, among other things, the orderly liquidation value) of the subject Inventory; (ii) no Event of Default has occurred and is continuing; and (iii) Go-Video has achieved satisfactory sales performance as determined by the Lender for the prior three months; provided further, however, that (in addition to any other rights and remedies of Lender) such rate shall revert to 50% at any time that any of the foregoing conditions is no longer true.
Applicable Inventory Advance Rate means (a) at any time during the third fiscal quarter of each fiscal year, 80% and (b) at any time (other than the period referred to in clause (a)), 75%
Applicable Inventory Advance Rate contained in Section 1 of the Agreement is hereby amended by the addition of a new sentence at the end of said definition, which new sentence shall read in its entirety as follows: "Notwithstanding anything to the contrary contained herein, the Applicable Inventory Advance Rate with respect to Eligible Inventory covered by trade Letters of Credit shall not exceed (a) fifty percent (50%) during the period beginning the last day of each Fiscal Year through and including January 31 of each year; and (b) sixty percent (60%) during the period beginning on February 1 through and including the day preceding the last day of each Fiscal Year."