Inventory Availability definition

Inventory Availability means the lesser of (a) forty percent (40%) of the value of Companies’ Eligible Inventory (calculated on the basis of the lower of cost or market, on a first-in first-out basis) and (b) $2,000,000.

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Inventory Availability means the amount of Loans against Eligible Inventory Laurus may from time to time make available to Companies up to the lesser of (a) fifty percent (50%) of the value of Companies’ Eligible Inventory (calculated on the basis of the lower of cost or market, on a first-in first-out basis) and (b) $750,000.

Inventory Availability means the amount of Revolving Credit Advances against Eligible Inventory Lender may from time to time during the Term make available to Borrower up to the lesser of (a) $400,000 or (b) up to fifty percent (50%) of the value of Borrower's Eligible Inventory (calculated on the basis of the lower of cost or market, on a first-in first-out basis) or (c) up to 50% of the sum of Receivables Availability.

Examples of Inventory Availability in a sentence

• The Lender shall have no obligation to make any Revolving Loan or issue any Letter of Credit if doing so would, after giving effect thereto, cause the Total Revolving Outstandings to exceed the lesser of (i) the Revolving Commitment and (ii) the Inventory Availability Amount.

• Rate1 Inventory Availability 1 RAW MATERIAL see note 1 2 FINISHED GOODS see note 1 3 PACKAGING see note 1 4 DOMESTIC INTRANSIT (RAW/MATERIALS) see note 1 5 DOMESTIC INTRANSIT (FINISHED GOODS) see note 1 6 TOTAL INVENTORY TOTAL AVAILABILITY NOT TO EXCEED $32,500,500 INCLUDING CANADIAN INVENTORY LIMIT Less: INELIGIBLE RAW MATERIAL 7 8 Slow Moving Notes 1.

• Section 3.1(a)(ii) (Inventory Availability) is amended by deleting "30%" and inserting "25%" in place thereof.

• If at any time the Total Revolving Outstandings shall exceed the lessor of (i) the Revolving Commitment and (ii) the Inventory Availability Amount, the Borrower shall immediately prepay the Revolving Loans in an amount equal to such excess.

• Page 4 - Inventory Availability Detail IFC, LLC Page 5 - Borrowing Base Detail By: Page 7 - FBI, Inc.

More Definitions of Inventory Availability

Inventory Availability shall have the meaning given in Section 2.1 hereof.

Inventory Availability means the amount of Revolving Credit Advances against Eligible Inventory Lender may from time to time during the Term make available to Borrowers based upon the Inventory Advance Rate (calculated on the basis of the lower of cost or market, on a first-in first-out basis) but which shall not, in any event, exceed $3,400,000 at any time outstanding.

Inventory Availability means the amount of Revolving Credit Advances against Eligible Inventory Laurus may from time to time during the Term make available to the Company up to the lesser of (a) $800,000, (b) up to forty percent (40%) of the value of Eligible Inventory (calculated at its orderly liquidation value) and (c) fifty percent (50%) of the Accounts Availability; provided, however, until such time as Laurus shall have completed an appraisal of the Inventory, which appraisal shall be completed no later than August 31, 2003, the Inventory Availability shall be zero ($0).

Inventory Availability means up to thirty percent (30%) of the value of Companies' Eligible Inventory (calculated on the basis of the lower of cost or market, on a first-in first-out basis).

Inventory Availability. The term "Inventory Availability" shall have the meaning given such term in SUPPLEMENT A.

Inventory Availability shall have the meaning given such term in SUPPLEMENT A.

Inventory Availability means the sum of (a) fifty percent (50%) of the ▇▇▇▇▇▇ Blue Book wholesale value of the Eligible Owned Inventory and (b) fifty percent (50%) of the ▇▇▇▇▇▇ Blue Book wholesale value of the Eligible Repossession Inventory.