Eligible Category B Inventory definition

Eligible Category B Inventory without duplication, (a) work-in-process and finished specialty Inventory and, (b) other Inventory that is not Eligible Category A Inventory, in each case owned by a Borrower which is Eligible Inventory; provided, however, that "Eligible Category B Inventory" shall not include Eligible Category A Inventory or Eligible In-Transit Inventory.
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Eligible Category B Inventory that is not owned by a Borrower, but as to which, as determined by Agent in its Permitted Discretion and with respect to each purchase of Inventory separately:
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Eligible Category B Inventory without duplication, (a) work-in-process and finished specialty Inventory and (b) other Inventory that is not Eligible Category A Inventory, in each case owned by a Borrower which is Eligible Inventory; provided, however, that “Eligible Category B Inventory” shall not include Eligible Category A Inventory or Eligible In-Transit Inventory. “Eligible Credit Card Account” - subject to the immediately succeeding sentence, each Credit Card Account owing to, and earned by performance by, a Borrower that arises in the Ordinary Course of Business from a credit card processor and/or credit card issuer and that is deemed by Agent, in its Permitted Discretion, to be an Eligible Credit Card Account. Without limiting the foregoing, the following shall not constitute Eligible Credit Card Accounts:
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Examples of Eligible Category B Inventory in a sentence

  • Value — (a) with respect to Eligible Category B Inventory and work-in-process fuel Inventory, the value of Inventory determined by Agent in good faith on the basis of the lower of cost or market, calculated on a first-in, first-out basis, and (b) with respect to Eligible Category A Inventory comprised of crude and finished fuel Inventory, the market value of such Inventory as determined by P▇▇▇▇’▇ Oilgram for Gulf Coast Deliveries.

  • Inventory Formula Amount — the sum of (a) 80% of the Value of Eligible Category A Inventory plus (b) the lesser of (i) 70% of the Value of Eligible Category B Inventory, or (ii) 85% of the NOLV Percentage of the Value of Eligible Category B Inventory; provided, however, that Agent, subject to Section 14.1.1(a)(iii)(A), may adjust such advance percentages from time to time in its reasonable discretion exercised in good faith.

  • Eligible Category B Inventory — work-in-process and finished specialty Inventory owned by a Borrower which is Eligible Inventory.

  • Inventory Formula Amount — the lesser of (a) the sum of (i) 75% of the Value of Eligible Category A Inventory plus (ii) 65% of the Value of Eligible Category B Inventory; or (b) 85% of the NOLV Percentage of the Value of Eligible Category A Inventory and Eligible Category B Inventory; provided, however, that Agent, subject to Section 14.1.1(a)(ii)(C), may adjust such advance percentages from time to time in its reasonable discretion exercised in good faith.