Cores Inventory definition
Cores Inventory means Inventory consisting of rebuilt or refurbished parts.
Cores Inventory means Inventory consisting of rebuilt or refurbished parts. “Covenant/Dominion Threshold Amount” means an amount equal to 15% of the lesser of (i) Aggregate Borrowing Base and (ii) Maximum Credit Amount. “Credit Card Agreements” means all agreements now or hereafter entered into by any Loan Party for the benefit of a Loan Party, in each case with any Credit Card Issuer or any Credit Card Processor.
Cores Inventory means Inventory consisting of rebuilt or refurbished parts. “Covenant/Dominion Threshold Amount” means an amount equal to 15% of the lesser of (i) Global Borrowing Base and (ii) Global Maximum Credit Amount. “Credit Card Agreements” means all agreements now or hereafter entered into by any Loan Party for the benefit of a Loan Party, in each case with any Credit Card Issuer or any Credit Card Processor. “Credit Card Issuer” means any Person (other than a Loan Party) who issues or whose members issue credit cards or debit cards, including MasterCard, Visa, American Express, Discover, Diners Club, ▇▇▇▇▇ ▇▇▇▇▇▇▇ and Citi. “Credit Card Notification” means, collectively, the notices to Credit Card Issuers or Credit Card Processors who are parties to Credit Card Agreements, in a form reasonably satisfactory to the Agent, pursuant to which such Credit Card Issuers or Credit Card Processors, as applicable, are directed by Borrowers to transfer all payments due from Credit Card Processors to a Deposit Account subject to a Control Agreement. “Credit Card Processor” means any servicing or processing agent or any factor or financial intermediary who facilitates, services, processes or manages the credit authorization, billing transfer and/or payment procedures with respect to any Loan Party’s sales transactions involving credit card or debit card purchases by customers using credit cards or debit cards issued by any Credit Card Issuer. “Credit Card Accounts” means all present and future rights of any Loan Party to payment from any Credit Card Issuer, Credit Card Processor or other third party in connection with the sale or transfer of Accounts arising pursuant to the sale of goods or rendition of services to customers who have purchased such goods or services using a credit card or a debit card, including, but not limited to, all amounts at any time due or to become due from any Credit Card Issuer or Credit Card Processor under the Credit Card Agreements or otherwise, in each case above calculated net of prevailing interchange charges.