Inventory Cap definition

Inventory Cap means fifty percent (50%) of the amount of the Borrowing Base Limitation.

Inventory Cap has the meaning set forth in Section 5.1.3;

Inventory Cap means Twenty Five Million Dollars ($25,000,000).

Examples of Inventory Cap in a sentence

• Any dispute relating to the new Inventory Cap shall be resolved in accordance with Section 2.6(f).

• If prior to Closing Seller determines in good faith that it is in the interest of the Business to pre-buy raw materials for the manufacture of Inventory, Seller shall so notify Purchaser and Seller and Purchaser shall negotiate in good faith to increase the Inventory Cap as appropriate, to reflect the Closing Date impact of such pre-buy on the Closing Date Inventory.

• The Guarantor hereby acknowledges and agrees to the increase in the amount of maximum credit extended to Borrower pursuant to the Amendment and acknowledges and agrees that the Guarantee applies to the Obligations owed by Borrower under and pursuant to the Loan Agreement, as amended by the Amendment, including, without limitation, the increase in the definitions of Inventory Cap Adjustment and Maximum Credit to $30,000,000 and $60,000,000 respectively.

• The Bank, in its sole discretion, reserves the right upon 30 days prior written notice to the Borrower to increase or decrease the foregoing percentages or the Inventory Cap.

• The information in proposals is confidential during the evaluation process.

More Definitions of Inventory Cap

Inventory Cap means up to the sum of $3,500,000.00 for the months of January through and including May each calendar year and $6,500,000.00 for the months June through and including December of each calendar year.

Inventory Cap means, initially, $10,000,000; provided, that, (x) after the first anniversary of the Closing Date, such cap may be increased to $15,000,000 to the extent the following conditions have been met: (i) Agent (or, during any Third Party Agent Retention Period, the Third Party Agent) shall have received an appraisal detailing the value of Borrowers’ Intellectual Property, in scope and with results acceptable to Agent (and, during any Third Party Agent Retention Period, also the Third Party Agent) and (ii) Borrowers ’ shall have achieved TTM EBITDA of greater than $0 for two consecutive fiscal quarters and (y) the Inventory Cap shall be reduced to $0 in the event that Market Capitalization of Endologix is less than $200,000,000.25,000,000.

Inventory Cap shall have the meaning set forth in Section 2.1(a) hereof.

Inventory Cap has the meaning ascribed to it in the definition of “Borrowing Base”.

Inventory Cap means $3,000,000.00 during the period from February 1, 1999 through April 30, 1999, and $2,000,000.00 at all other times.

Inventory Cap means the amount set forth below opposite the applicable period: Period Inventory Cap ------ ------------- Closing Date through July 30, 2001 $3,800,000 July 31, 2001 through August 30, 2001 $3,700,000 August 31, 2001 through September 29, 2001 $3,600,000 September 30, 2001 through October 30, 2001 $3,500,000 October 31, 2001 through November 29, 2001 $3,400,000 November 30, 2001 through December 30, 2001 $3,300,000 December 31, 2001 through January 30, 2002 $3,200,000 January 31, 2002 through February 27, 2002 $3,100,000 February 28, 2002 through March 30, 2002 $3,000,000 March 31, 2002 through April 29, 2002 $2,900,000 April 30, 2002 through May 30, 2002 $2,800,000 May 31, 2002 through June 29, 2002 $2,700,000 June 30, 2002 through July 30, 2002 $2,600,000 July 31, 2002 through August 30, 2002 $2,500,000 August 31, 2002 through September 29, 2002 $2,400,000 September 30, 2002 through October 30, 2002 $2,300,000 October 31, 2002 through November 29, 2002 $2,200,000 November 30, 2002 through December 30, 2002 $2,100,000 December 31, 2002 through January 30, 2003 $2,000,000 January 31, 2003 through February 27, 2003 $1,900,000 February 28, 2003 through March 30, 2003 $1,800,000 March 31, 2003 and thereafter $1,700,000

Inventory Cap has the meaning ascribed to it under Section 1.03(c)(i).