Eligible Retail Inventory definition

Eligible Retail Inventory means Eligible Inventory that is Retail Inventory.

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Eligible Retail Inventory means Eligible Inventory that is Retail Inventory. For the avoidance of doubt, no Retail Inventory of Canada Sub shall constitute Eligible Retail Inventory.

Eligible Retail Inventory means Eligible Inventory of any Domestic Borrower constituting finished goods located at a retail location of such Domestic Borrower (or in transit to a retail locations subject to any Reserves that may be established by the Administrative Agent in its Permitted Discretion) to be sold by such Domestic Borrower in the ordinary course of business to the public at retail to consumers, excluding Eligible Raw Materials Inventory, Eligible Wholesale Finished Goods Inventory and Eligible Wholesale RSA Finished Goods Inventory.

Examples of Eligible Retail Inventory in a sentence

Notwithstanding anything herein to the contrary, Reserves shall not duplicate eligibility criteria contained in the definition of Eligible Credit Card Receivables, Eligible Inventory, Eligible Letter of Credit, Eligible Retail Inventory, Eligible Wholesale Inventory or Eligible Trade Receivables, or reserves or criteria deducted in computing the Appraised Value of Eligible Inventory or Inventory supported by an Eligible Letter of Credit.
The Administrative Agent may, from time to time in the exercise of its Permitted Discretion, (x) establish, modify or eliminate Reserves and (y) adjust the eligibility criteria or establish new eligibility criteria with respect to Eligible Credit Card Receivables, Eligible Inventory, Eligible Raw Materials Inventory, Eligible Retail Inventory, Eligible Wholesale Finished Goods Inventory, and/or Eligible Wholesale Receivables.
It is understood and agreed that Reserves or eligibility criteria contained in the definitions of Eligible Credit Card Receivables, Eligible Inventory, Eligible Raw Materials Inventory, Eligible Retail Inventory, Eligible Wholesale Finished Goods Inventory, Eligible Wholesale RSA Finished Goods Inventory and/or Eligible Wholesale Receivables shall not duplicate any other Reserve or such eligibility criteria that are otherwise addressed or excluded through existing Reserves or such eligibility criteria.
The Agent at any time shall be ----- entitled to establish reserves against the Eligible Accounts Receivable, the Eligible Inventory and the Eligible Retail Inventory of the Borrower in the exercise of its Permitted Discretion to reflect the Agent's assessment of the performance of the Collateral and general credit considerations then affecting the Borrower.
The definition of "Eligible Retail Inventory" in Article I of the Loan Agreement is hereby amended to strike and delete the last sentence therefrom.

More Definitions of Eligible Retail Inventory

Eligible Retail Inventory means, as of any date of determination thereof, without duplication of other Eligible Inventory, items of Inventory of a Borrower or a Subsidiary Facility Guarantor that are (i) finished goods, merchantable and readily saleable to the public in the ordinary course (including goods manufactured by the Lead Borrower pursuant to, and commodity goods of, its Artistree division, custom floral goods and custom framing goods) or (ii) items of “non PI” Inventory that are finished goods, merchantable and readily saleable to the public in the ordinary course, and in each case which would otherwise constitute Eligible Inventory.

Eligible Retail Inventory means Eligible Inventory to be sold to consumers in Frederick’s retail store locations, via the Website or through the catalog.

Eligible Retail Inventory means all Eligible Inventory other than Eligible Pharmacy Inventory.

Eligible Retail Inventory. Such of the Borrowers' Retail Inventory as is located in the Borrowers' Warehouses located in New Jersey , or in any of the Borrowers' Retail Stores, and of such types, character, quality and quantities, as Collateral Agent in its reasonable discretion from time to time determines to be acceptable Collateral for inclusion in the calculation of the Borrowing Base, as to which the Collateral Agent has a perfected security interest that is prior and superior to all claims and all Encumbrances (other than Permitted Encumbrances, subject to the Collateral Agent's rights to establish Reserves therefore). Eligible Prepaid Inventory and Eligible L/C Inventory which would qualify as Eligible Retail Inventory but for the fact that such Inventory is in-transit, will be included as Eligible Retail Inventory up to amounts not to exceed the In-Transit Inventory Cap.

Eligible Retail Inventory means Borrower's Inventory which would ------------------------- otherwise constitute Eligible Inventory but for the fact that it is located at a retail location of the Borrower; provided, however, that no Acknowledgment -------- Agreement shall be required with respect to retail locations leased by Borrower as a prerequisite to the inclusion of the inventory thereon as Eligible Retail Inventory. Environmental Law shall mean any federal, state or local law, statute, ----------------- ordinance, or regulation pertaining to health, industrial hygiene, or the environmental conditions on, under or about any real property owned, operated or leased by the Borrower or any Subsidiary thereof.

Eligible Retail Inventory means finished goods inventory held for sale by any Borrower at a retail location operated by such Borrower which meets all of the requirements of Eligible Inventory.

Eligible Retail Inventory in Article I of the Loan Agreement is hereby amended to strike and delete the last sentence therefrom.