Eligible Food Grade Alcohol Inventory definition
Eligible Food Grade Alcohol Inventory means Inventory of a Borrower consisting of food grade alcohol which qualifies as Eligible Inventory in all respects.
Eligible Food Grade Alcohol Inventory means all Inventory owned by Borrower consisting of food grade alcohol which is (a) acceptable to Lender in its sole but reasonable discretion determined in good faith for lending purposes and (b) Eligible Inventory in all respects.