Examples of Eligible Parts and Supplies in a sentence
Notwithstanding the foregoing, the Accounts, Short-Term Rentals, Parts and Supplies, Equipment and Real Estate of the Target shall not be included in Eligible Accounts, Eligible Short-Term Rentals, Eligible Parts and Supplies, Eligible Equipment and Eligible Real Estate without the prior written consent of Agent and Requisite Lenders.
With respect to such locations or warehouse space leased or owned as of the Closing Date and thereafter, if Agent has not received a landlord or mortgagee agreement or bailee letter as of the Closing Date (or, if later, as of the date such location is acquired or leased), the Eligible Parts and Supplies and Eligible Equipment at that location shall, in Agent's discretion, be subject to such Reserves as may be established by Agent in its reasonable credit judgment.
Subject to the terms and conditions of the Loan Agreement, as amended by this Second Amendment, the Bank agrees to make Revolving Loans to the Borrower up to the applicable Borrowing Base Amount and sublimit then in effect to finance the Borrower's acquisition of Eligible Parts and Supplies.
With respect to such locations or warehouse space leased or owned as of the Closing Date and thereafter, if Agent has not received a landlord or mortgagee agreement or bailee letter as of the Closing Date (or, if later, as of the date such location is acquired or leased), the Eligible Parts and Supplies and Eligible Equipment at that location shall, in Agent’s discretion, be subject to such Reserves as may be established by Agent in its reasonable credit judgment.
All of the Parts and Supplies owned by any Borrower and reflected in the most recent Borrowing Base Certificate delivered by such Borrower to Agent shall be "Eligible Parts and Supplies" for purposes of this Agreement, except any Parts and Supplies to which any of the exclusionary criteria set forth below applies.
Agent shall have the right, following five (5) days' prior written notice by Agent to Borrower Representative, to establish, modify, or eliminate Reserves against Eligible Parts and Supplies from time to time in its reasonable credit judgment.
The Contractor shall be responsible for purchasing and meeting, at its own cost, all the insurance requirements of his people who are to be deployed at site under the scope of this contract.
Notwithstanding anything to the contrary contained in this Agreement, until there has been a determination of Net Orderly Liquidation Value of Parts and Supplies, none of the Parts and Supplies shall be Eligible Parts and Supplies.
All Parts and Supplies Inventory must meet the qualifications set forth in subpart (i) of the definition of Eligible Parts and Supplies Inventory.
In addition, Agent reserves the right, at any time and from time to time after the Closing Date to adjust any of the criteria set forth below, to establish new criteria and to adjust advance rates with respect to Eligible Parts and Supplies in its reasonable credit judgment, subject to the approval of Supermajority Revolving Lenders in the case of adjustments, new criteria or changes in advance rates which have the effect of making more credit available.