Inventory Advance Amount definition

Inventory Advance Amount means at any time an amount equal to the lesser of:

Inventory Advance Amount means (a) the lesser of (y) seventy percent (70%) of Eligible Inventory (valued at the lower of net book value or market value), and (z) eighty-five percent (85%) of the appraised net orderly liquidation value of Eligible Inventory, and (b) during a Seasonal Advance Period, the Seasonal Advance Amount.

Inventory Advance Amount means the lesser of (a) with respect to Eligible Inventory, (i) for monofilament line and Xxxxxxx Inventory, 60.0% of the lower of cost or market value, determined on a first-in-first-out basis, (ii) for Rawlings Inventory and fishing tackle not included in clause (i) preceding, 65.0% of the lower of cost or market value, determined on a first-in-first-out basis, and (iii) for all other Inventory, 55.0% of the lower of cost or market value, determined on a first-in-first-out basis, or (b) 80.0% of the Net Orderly Liquidation Value of Appraised Inventory; provided that, during the period from December 1 of each calendar year through and including March 31 of the following calendar year, the advance rate percentages expressed in clause (a)(i), clause (a)(ii), and clause (a)(iii) preceding shall be increased to 70.0%, 75.0%, and 65.0%, respectively, and the advance rate percentage expressed in clause (b) preceding shall be increased to 90.0%.

Examples of Inventory Advance Amount in a sentence

• Borrower will repay the Inventory Advances on the earlier of: (i) the date on which the outstanding principal amount of the aggregate Inventory Advances exceeds the Maximum Inventory Advance Amount, to the extent of such excess, (ii) the date on which there is a breach of any warranty or representation set forth in Section 5.11, (iii) when required to be repaid under Section 2.1.1(i), or (iv) the Maturity Date (including any early termination).

• If at any time the outstanding Inventory Advances exceed the Maximum Inventory Advance Amount, Borrower shall immediately pay to Bank in cash such excess.

• As soon as available and in any event not later than the Wednesday following the end of each calendar week, a cycle count of the Borrowers' Inventory in the form attached hereto asExhibit C, reflecting the Eligible Inventory of Borrowers as of the end of such week and calculating the Inventory Advance Amount based thereon and invoice registers, perpetual inventory listings and cash receipt journals which back up such report.

• Effective as of the date hereof, the definitions of "Eligible Inventory" and "Inventory Advance Amount" contained in Section 1.02 of the Loan Agreement are hereby deleted in their entirety.

• Without limitation, the foregoing assignment and promise of assignment includes the right to xxx and recover damages for past and future infringements of the United Technologies Trademarks and to bring any proceeding in the United States Patent and Trademark Office or any equivalent agency or governing body in any other country for cancellation, opposition, or other proceeding in connection with the United Technologies Trademarks.

More Definitions of Inventory Advance Amount

Inventory Advance Amount means NINETY PERCENT (90.00%) of the NOLV of Eligible Inventory.

Inventory Advance Amount means, at any time other than set forth below, an amount equal to the lesser of (i) $20,000,000, or (ii) the lesser of (x) sixty percent (60%) of the Net Value of Eligible Inventory owned by the Borrowers, or (y) eighty-five percent (85%) of the Net Orderly Liquidation Value of Eligible Inventory owned by the Borrowers; provided, however, that following the written request to the Lender and payment of a fully-earned, non-refundable fee of $35,000, during July through October of 2007 only, an amount equal to the lesser of (A) $20,000,000, or (B) the lesser of (i) eighty-five percent (85%) of the Net Orderly Liquidation Value of Eligible Inventory owned by the Borrowers, plus $1,500,000, or (ii) ninety percent (90%) of the Net Orderly Liquidation Value of Eligible Inventory owned by the Borrowers.

Inventory Advance Amount contained in Section 1.02 of the Loan Agreement are hereby deleted in their entirety.

Inventory Advance Amount means at any time an amount equal to the product of (a) all Eligible Inventory of Revolving Credit Borrower located at the facilities of Revolving Credit Borrower and in warehouse locations for which Lender has received a satisfactory warehouseman's agreement and which are otherwise acceptable to Lender, times (b) a percentage, which shall initially be forty-five percent (45%); provided, however, that the Inventory Advance Amount shall not at any time exceed Five Million and no/100 Dollars ($5,000,000.00). Lender shall have the right at any time, and from time to time, in its sole discretion, to revise the above-described percentage.

Inventory Advance Amount means the lesser of (a) SIXTY-FIVE PERCENT (65.00%) of the cost of Eligible Inventory, and (b) NINETY PERCENT (90.00%) of the NOLV of Eligible Inventory; provided, however, that prior to the Lender’s receipt of a satisfactory appraisal (as of June 30, 2020) being SIXTH AMENDMENT TO LOAN AGREEMENT – PAGE 1 TEXAS CAPITAL BANK, NATIONAL ASSOCIATION – VINTAGE STOCK, INC. conducted as of the September 2020 Amendment Date, the Inventory Advance Amount shall not exceed SIXTY PERCENT (60.00%) of the cost of Eligible Inventory.

Inventory Advance Amount means at any time an amount equal to the sum of fifty percent (50%) of Eligible Inventory. In addition, notwithstanding the foregoing, in no event shall the Inventory Advance Amount at any time exceed the lesser of (a) an amount equal to sixty percent (60%) of Eligible Accounts and (b) One Million and No/100 Dollars ($1,000,000.00). Lender shall have the right at any time, and from time to time, in its sole discretion, to revise the above-described percentages.

Inventory Advance Amount means at any time an amount equal to the lesser of: (1) product of the book value of the Eligible Inventory times a percentage (the "Inventory Advance Percentage"), which shall initially be twenty percent (20%), and (2) $300,000 (the "Maximum Inventory Advance Amount"); provided, however, that (i) under no circumstances shall the aggregate Inventory Advance Amount exceed twenty-five percent (25%) of the Accounts Advance Amount, and (ii) Lender shall have the right at any time, and from time to time, in its sole discretion, to revise the Inventory Advance Percentage and/or the Maximum Inventory Advance Amount.