Eligible Inventory Sublimit means the sublimit for the Eligible Inventory component of the Borrowing Base, as determined by Agent and the Required Revolving Lenders in their Permitted Discretion.
Eligible Inventory Sublimit means Fifteen Million Dollars ($15,000,000).
Eligible Inventory Sublimit means Ten Million Dollars ($10,000,000).
Examples of Eligible Inventory Sublimit in a sentence
Notwithstanding anything to the contrary in the Loan Agreement or any other Financing Agreement, any availability of Borrower that is created by or with respect to Eligible Inventory shall be subject to Borrower providing reports of Eligible Inventory in form and substance satisfactory to Lender.” Additionally, Section 4 of the Consent (Reduction of Eligible Inventory Sublimit) is hereby deleted in its entirety.
More Definitions of Eligible Inventory Sublimit
Eligible Inventory Sublimit means a sublimit established by the Lender, in its sole discretion, from time to time to limit the maximum amount of the Revolving Credit Loans which may be made based on the Eligible Inventory. As of the date of this Agreement, the Eligible Inventory Sublimit is equal to Twelve Million Five Hundred Thousand Dollars ($12,500,000).
Eligible Inventory Sublimit means: (a) from July 1, 2024, through July 14, 2024, $8,500,000.00, (b) from July 15, 2024, through August 14, 2024, $7,500,000.00, (c) from August 15, 2024, through September 15, 2024, $7,000,000.00, (d) from September 16, 2024, through September 29, 2024, $6,500,000.00, and (e) from September 30, 2024, through the Maturity Date, $5,000,000.00, or, in each case, such higher or lower number as may be determined by Administrative Agent in its sole and absolute discretion; provided that (a) the Eligible Inventory Sublimit shall automatically decrease by the amount of the proceeds of the Specified Letter of Credit received by Administrative Agent and applied to the Revolving Loans in accordance with
Eligible Inventory Sublimit means $4,500,000.
Eligible Inventory Sublimit means $1,000,000.
Eligible Inventory Sublimit means Three Million Dollars ($3,000,000).
Eligible Inventory Sublimit means the sublimit for the Eligible Inventory component of the Borrowing Base, as determined by Agent and the Required Lenders in their Permitted Discretion.
Eligible Inventory Sublimit means, at any time, the lesser of (x) $8,500,000 or (y) 60% of the product of the Applicable Advance Rate times the Value of all Eligible Receivables.