Inventory Advance Percentage definition

Inventory Advance Percentage means (a) in the case of raw material and finished goods Inventory, sixty percent (60%) and (b) in the case of work-in-process Inventory, twenty-five percent (25%).

Inventory Advance Percentage means 50%.

Inventory Advance Percentage means sixty percent (60%) between and including each December 1 and April 30 within the Term and fifty-five percent (55%) between and including each May 1 and November 30 within the Term. LC Amount – at any time, the aggregate undrawn face amount of all Letters of Credit and LC Guaranties then outstanding plus the aggregate amount of all unreimbursed drawings under a Letter of Credit or LC Guaranty. LC Guaranty – any guaranty pursuant to which Agent or any affiliate of Agent shall guaranty the payment or performance by Co-Borrowers of their or any one of their reimbursement obligation under any Letter of Credit.

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.

More Definitions of Inventory Advance Percentage

Inventory Advance Percentage means, (i) during all times other than the period from February 20 through June 20 of each year, 90%, and (ii) during the period from February 20 through June 20 of each year, 92.5%.

Inventory Advance Percentage means, with respect to a particular category of the Borrowers’ Eligible Inventory, the percentage calculated by dividing (a) 85% (or, in the case of the US Borrowers’ Eligible Inventory consisting of rental equipment (other than rolling stock), 90%) of the Net Orderly Liquidation Value of such Inventory as determined pursuant to the most recent Inventory appraisal conducted by the Administrative Agent pursuant to Section 5.12 hereof by (b) the book value of such Inventory as of such appraisal date.

Inventory Advance Percentage means sixty percent (60%).

Inventory Advance Percentage shall initially mean 65%; provided that the Inventory Advance Rate may be adjusted by the Administrative Agent in its sole but reasonable discretion based on the results of any inventory appraisal conducted pursuant to Section 6.10(n).

Inventory Advance Percentage means, (i) during all times other than the period from February 20 through June 20 of each year, 90%, and(ii) during the period from February 20 through June 20 of each year, 92.5%. “Investment” has the meaning assigned to such term in Section 6.04.

Inventory Advance Percentage means forty percent (40%). INVENTORY LOAN CAP shall mean $4,000,000. INVESTMENT PROPERTY shall mean all of the Company's present and hereafter acquired securities, securities entitlements, securities accounts and other investment property (as such terms are defined in the U.C.C.). ISSUING BANK shall mean the bank issuing Letters of Credit for the Company. LETTERS OF CREDIT shall mean all letters of credit issued with the assistance of CITBC by the Issuing Bank for or on behalf of the Company.

Inventory Advance Percentage means (a) 30% with respect to raw materials during March through August, inclusive, (b) 50% with respect to raw materials during September through February, inclusive, (c) 50% with respect to finished goods during May through September, inclusive, and (d) 65% with respect to finished goods during October through April, inclusive.