Eligible Other Inventory means, at any time, the Inventory of a Loan Party consisting of furnaces, boilers and other heating components and replacement parts, air conditioner and air conditioning components, water purifying equipment and parts, and other related equipment and parts held for resale in the ordinary course of business, but excluding Eligible Heating Oil and Other Fuel Inventory, which the Agent determines in its Permitted Discretion is eligible as the basis for Credit Extensions hereunder. Without limiting the Agent’s discretion provided herein, Eligible Other Inventory shall not include any Inventory:
Eligible Other Inventory means Other Inventory of a Borrower which is held for sale in the ordinary course of business that, unless otherwise approved by the Agent in its Permitted Discretion, meet all of the following requirements, subject to the ability of the Agent to establish other criteria of eligibility in its Permitted Discretion or modify the criteria established below, in either case subject to the requirements of Section 2.22:
Eligible Other Inventory means any Product which is owned by Borrower or any Subsidiary Guarantor (excluding MWCA, Inc. until the occurrence of a MWCA Triggering Event) and which:
More Definitions of Eligible Other Inventory
Eligible Other Inventory means the Inventory of a Loan Party (other than finished goods and other than any Inventory which has been consigned by such Loan Party) including raw materials, works-in-process, parts and supplies:
Eligible Other Inventory at a particular date, the total value of Inventory of the Borrower and its Subsidiaries (calculated as the lower of (x) cost, determined on a first in a first out basis in accordance with GAAP and stated on a basis consistent with the historical practices of the Borrower on the date hereof before inventory reserves historically recorded by the Borrower, and (y) fair market value: (a) which does not consist of Tobacco Products Inventory, (b) which does not consist of fresh produce, fresh meat or dairy products in an aggregate amount in excess of $250,000, (c) which conforms in all respects to the representations and warranties contained herein and in the Security Agreement, (d) which is located in the United States of America, (e) which is subject to a perfected, first- priority Lien in favor of the Administrative Agent pursuant to the Security Agreement and which is not subject to any other Liens except Liens permitted under subsection 7.3 (a), (b) or (h), (f) which is stored in the Borrower's or any of its Subsidiaries' warehouses, which has been placed in the Borrower's or any of its Subsidiaries' storage area or allocated to the Borrower or any of its Subsidiaries in a third-party warehouse and identified separately from the inventory of others, or which is in transit between such third-party warehouses and Borrower's or any of its Subsidiaries' warehouses, (g) to which the Borrower or any of its Subsidiaries has good, valid and marketable title as sole owner and as to which no other Person has asserted in writing any claim to right of possession or dominion, (h) which is not raw materials, supplies, work- in-process or packaging, packing or shipping materials, and (i) which the Administrative Agent in its reasonable discretion based on the findings of the on-site periodic field exams conducted pursuant to subsection 6.7 has not otherwise determined to be unacceptable, EXCLUDING the aggregate amount of the Inventory Reserves, Tax Reserves and Landlord Lien Reserves allocable to such Inventory.
Eligible Other Inventory means (x) the gross dollar value (valued at the lower of cost or market value, on a first-in-first-out basis) of the inventory of over-the-counter medicine and health and beauty care products and durable medical equipment of Borrower (or any Eligible Subsidiary) (other than Eligible Pharmaceutical Inventory) which conforms to the warranties contained in the Security Agreement (or the Subsidiary Security Agreement if relating to the inventory of an Eligible Subsidiary) and which at all times continues to be acceptable to McKesson in its sole and absolute discretion, but, without limiting the foregoing, excluding Excluded Inventory, less (y) any reserves required by McKesson in its sole and absolute discretion for special order goods and market value declines.
Eligible Other Inventory means that portion of Eligible Inventory other than Eligible Raw Materials Inventory and Eligible Finished Goods Inventory that the Agent may from time to time determine in its sole discretion to be a component of the Borrowing Base.
Eligible Other Inventory means Eligible Inventory that is not Eligible Parent Roll Inventory.
Eligible Other Inventory means all Other Inventory of the Borrower valued at the lower of cost or market determined in accordance with GAAP which meets each of the following requirements: