Examples of Inventory Advance Percentage in a sentence
Such loans and advances shall be in amounts up to the sum of: A) outstanding Eligible Accounts Receivable of the Company multiplied by the Accounts Receivable Advance Percentage, plus B) the aggregate value of Eligible Inventory of the Company as determined at the lower of cost or market multiplied by the Inventory Advance Percentage.
Tranche A-1 Inventory Formula Amount — on any date of determination, the Tranche A-1 Inventory Advance Percentage of the NRV Percentage of the Value of Eligible Inventory.
Tranche A-1 Inventory Advance Percentage — (a) at all times prior to December 31, 2009, 10%, (b) from and after December 31, 2009 through and including October 30, 2010, 7.50%, (c) from and after October 31, 2010 through and including November 29, 2010, 6.50%, (d) from and after November 30, 2010 through and including December 30, 2010, 5.50% and (e) from December 31, 2010 and at all times thereafter, 5.00%.
If any date on which the Tranche A-1 Inventory Advance Percentage is to be adjusted is not a Business Day, then the Tranche A-1 Inventory Advance Percentage shall be adjusted on the Business Day next succeeding such day.
Such loans and advances to each Company shall be in amounts up to the sum of: a) outstanding Eligible Accounts Receivable of such Company multiplied by the Accounts Receivable Advance Percentage, plus b) the lesser of (x) the Inventory Loan Cap and (y) the aggregate value of Eligible Inventory of such Company as determined at the lower of cost or market, and excluding the effect of the non-cash impact resulting from APB16 (inventory write-up), multiplied by the Inventory Advance Percentage.