Examples of Inventory Advances in a sentence

Notwithstanding the foregoing, at Bank’s election upon the occurrence and during the continuance of an Event of Default, the Inventory Advances shall bear interest at a rate per annum which is five percentage points (5.0%) above the rate that is otherwise applicable thereto.
In computing Finance Charges on the Obligations under this Agreement (other than Inventory Advances), all Collections received by Bank shall be deemed applied by Bank on account of the Obligations (i) three (3) Business Days after receipt of the Collections when a Streamline Period is not in effect or (ii) on the same day as receipt of Collections when a Streamline Period is in effect.
When an Event of Default has occurred and is continuing, Borrower will, if Bank demands (or, upon the occurrence of an Event of Default under Section 8.5, immediately without notice or demand from Bank) repay all of the Advances and Inventory Advances.
As a condition precedent to Bank making any Inventory Advances hereunder, Borrower shall provide Bank with a completed Inventory appraisal satisfactory to Bank in its good faith business judgment.
Borrower will maintain at all times Eligible Accounts and Eligible Inventory so that the total, aggregate, principal amount of all Account Advances and Inventory Advances at any time outstanding and unpaid shall be in compliance with these formulas.

More Definitions of Inventory Advances

Inventory Advances means an advance (or advances) under the Inventory Sublimit.

Inventory Advances means Advances that are based upon Eligible Inventory.

Inventory Advances shall have the meaning set forth in Section 2.3.

Inventory Advances means on or before June 15, 1996, the difference of ( I) the outstanding principal balance of the Revolving Note and ( II) 80% of Eligible Accounts, if greater than zero ($-0)."

Inventory Advances means any Advances made by Bank which are thirty five percent (35%) of the lower of cost or market value of Borrower’s Eligible Inventory, and as may be adjusted by Bank, in Bank’s discretion, for age and seasonality or other factors affecting the value of the Inventory, up to advances outstanding at any one time of not greater than the Inventory Sublimit upon Borrower’s concurrent execution and delivery to Bank of a Designation of Inventory, or Certification of Borrowing Base, in form customarily used by Bank. “Eligible Inventory” shall mean Borrower’s Inventory that (a) consists of finished goods (i.e., frames) or eyeglass cases, (b) is less than (i) 730 days old from the First Amendment Effective Date until February 28, 2010, and (ii) 365 days old thereafter, and (c) is located in the United States of America.

Inventory Advances means any Advances made by Bank which are thirty five percent (35%) of the lower of cost or market value of Borrower's Eligible Inventory, and as may be adjusted by Bank, in Bank's discretion, for age and seasonality or other factors affecting the value of the Inventory, up to a maximum advance outstanding at any one time of Two Million Dollars ($2,000,000) upon Borrower's concurrent execution and delivery to Bank of a Designation of Inventory, or Certification of Borrowing Base, in form customarily used by Bank. "Eligible Inventory" shall mean Borrower's Inventory that (a) consists of finished goods (i.e., frames) or eyeglass cases, (b) is less than 730 days old and (c) is located in the United States of America.