Examples of Inventory Advance in a sentence
Under the Inventory Advance, Interest is payable monthly at a rate the greater of (a) 90-Day LIBOR rate plus 4.50% and (b) 6.41%.
Partner contributions may be cash or in-kind, but some portion should be in cash.Other partners may include governments, civil society, international organizations, universities, and other development organizations, among others.
Inventory acquired pursuant to Section 5.02(f), unless the Administrative Agent shall have received or conducted (A) appraisals, from appraisers reasonably satisfactory to each Agent, of such Inventory to be acquired in such Investment and has established an Inventory Advance Rate therefor and (B) such other due diligence as any Agent may reasonably require, all of the results of the foregoing to be reasonably satisfactory to each Agent in its Permitted Discretion.
Each payment will also include all accrued and unpaid Inventory Finance Charges with respect to such Inventory Advance and all other amounts then due and payable hereunder.
Bank may, in its sole discretion, change the Inventory Advance Rate for Eligible Inventory on a case by case basis.