Inventory Availability definition
Inventory Availability means up to the lesser of (a) twenty percent (20%) 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) One Million Dollars ($1,000,000).
Inventory Availability means the amount of Loans against Eligible Inventory Laurus may from time to time make available to Company up to the lesser of (a) fifty percent (50%) of the value of Company's Eligible Inventory (calculated on the basis of the lower of cost or market, on a first-in first-out basis) and (b) $1,000,000.
Inventory Availability means the amount of Revolving Credit Advances against Eligible Inventory Lender may from time to time in its sole and absolute discretion during the Term make available to Borrower up to the lesser of (a) $1,000,000 or (b) 40% ("Inventory Advance Rate") of the value of the Eligible Inventory (calculated on the basis of the lower of cost or market, on a first-in first-out basis).
Examples of Inventory Availability in a sentence
For the purposes of determining the Domestic Accounts Availability, Inventory Availability, M&E Availability, Real Property Availability, SOFA Availability and Foreign Accounts Availability hereunder, all Reserves shall be deemed to first apply to Domestic Accounts Availability.
More Definitions of Inventory Availability
Inventory Availability shall have the meaning given in Section 2.1 hereof.
Inventory Availability means, at any time of determination, an amount equal to the sum of clause (d) of the definition of Borrowing Base, less the corresponding Reserves applied thereto pursuant to Section 1.2.
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 at any time outstanding the lesser of (i) $4,000,000, and (ii) 50% of the then outstanding Loans.
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.