Inventory Advance Rates definition
Inventory Advance Rates means the Sand Inventory Advance Rate, the NOLV Advance Rate and the Sand Reserve Advance Rate.
Inventory Advance Rates shall have the meaning set forth in Section 2.1(a)(y)(iii) hereof.
Inventory Advance Rates means the advance rates applicable to Eligible Inventory as determined in accordance with Section 2.1(a)(ii)(A).
Examples of Inventory Advance Rates in a sentence
To the extent that the results of any such appraisal reflect a reduction in the Appraised Inventory Liquidation Value, the Collateral Agent may in their reasonable, good faith discretion reduce the Inventory Advance Rates in a manner consistent with the reduced Appraised Inventory Liquidation Value.
In no event shall such Inventory Advance Rates be subject to increase as a result of such appraisals, provided that nothing contained herein shall impair the right of the Collateral Agent to increase the Inventory Advance Rate as set forth in the definition of such term..
Subject to Section 16.2, the Inventory Advance Rates may be increased or decreased by Agent at any time and from time to time in the exercise of its reasonable discretion.
Each Borrower consents to any such increases or decreases and acknowledges that decreasing the Inventory Advance Rates or increasing the reserves may limit or restrict Advances requested by Borrowing Agent.
More Definitions of Inventory Advance Rates
Inventory Advance Rates. The following percentages for the applicable category of Eligible Inventory during the periods of each calendar year indicated in the chart below: ------------------------------------ ----------------- ---------------- ---------------- PERIOD TIER I TIER II RETAIL WHOLESALE WHOLESALE INVENTORY INVENTORY INVENTORY ------------------------------------ ----------------- ---------------- ---------------- December 16 - August 15 62% 54% 62% ------------------------------------ ----------------- ---------------- ---------------- August 16 - September 30 65% 54% 65% ------------------------------------ ----------------- ---------------- ---------------- October 1 - December 15 70% 54% 70% ------------------------------------ ----------------- ---------------- ----------------
Inventory Advance Rates means the percentage(s) set forth in Section 1(b)(ii) of Schedule A.
Inventory Advance Rates means, collectively, the Inventory Advance Rate (Electronics) and the Inventory Advance Rate (Technologies).
Inventory Advance Rates means: (i) with respect to raw materials, 20% during the months of May and June, 10% during the months of April and July and 0% during all other months; and (ii) with respect to finished goods, 65% during the months of May and June, 60% during the months of April and July, during the month of August, 60% until the first Monday in August and as of the first Monday in August the rate shall be 58% and as of each subsequent Monday in August the rate shall reduce by two percentage points from the rate previously in effect but in no event to a rate less than 50%, and at all other times the rate shall be 50%.
Inventory Advance Rates means percentages to be fixed and subject to change by Bank from time to time in Good Faith and in its discretion, which are applied to Eligible Inventory for purposes of determining the Borrowing Base. Initially, the Inventory Advance Rates shall be as follows: (i) 35% with respect to raw materials and (ii) 50% with respect to finished goods. Bank may establish, in the Good Faith exercise of its discretion, one or more Inventory Advance Rates which may be applied severally against specific categories or types of Eligible Inventory, and may from time to time adjust one or more of the Inventory Advance Rates to reflect contingencies or risks which may affect the Collateral, the business, business prospects or financial condition of Borrower, or the security of the Loans.
Inventory Advance Rates means percentages to be fixed and subject to change by Bank from time to time in Good Faith and in its discretion, which are applied to Eligible Inventory for purposes of determining the Borrowing Base. Initially, the Inventory Advance Rates shall be as follows: (i) 40% with respect to raw materials, (ii) 35% with respect to work in process of Ajay Leisure Products, Inc. consisting of flats, (iii) 35% with respect to work in process of Leisure Life, Inc., (iv) 60% with respect to finished goods other than golf clubs and golf club components of Palm Springs Golf, Inc. and (v) 25% with respect to finished goods of Palm Springs Golf, Inc. which are golf clubs and golf club components. Bank may establish, in the Good Faith exercise of its discretion, one or more Inventory Advance Rates which may be applied severally against specific categories or types of Eligible Inventory, and may from time to time adjust one or more of the Inventory Advance Rates to reflect contingencies or risks which may affect the Collateral, the business, business prospects or financial condition of Borrower, or the security of the Loans.
Inventory Advance Rates means, collectively, the Inventory Advance Rate (Electronics) and the Inventory Advance Rate