Inventory Cap means fifty percent (50%) of the amount of the Borrowing Base Limitation.
Inventory Cap means Twenty Five Million Dollars ($25,000,000).
Inventory Cap has the meaning set forth in Section 5.1.3;
Examples of Inventory Cap in a sentence
In the event the Inventory Cap is exceeded for more than sixty (60) days during such calendar year, Customer shall immediately return the new Units in excess of the Inventory Cap.
In the event that Inventory Cap shall be exceeded for more than sixty (60) days, DOSE reserves that right to recall Units in excess of the Inventory Cap and to reduce the number of Units it ships to Customer, in DOSE’s sole discretion.
All Final Inventory in excess of the Final Inventory Cap shall be destroyed at Vendor’s sole expense.
Customer may exceed the Inventory Cap for a period of no longer than sixty (60) days during one calendar year in any two-year period.
In the event that the Inventory Cap is exceeded after the expiration of the 60-day period, Customer will be charged % of the monthly Unit Charges for each Unit in excess of cap as set forth on the applicable Unit Schedule.
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 $4,500,000.00 for the months June through and including December of each calendar year.
Inventory Cap shall have the meaning set forth in Section 2.1(a) hereof.
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.
Inventory Cap means the amount of FIVE MILLION AND NO/100 DOLLARS ($5,000,000.00) during the period commencing as of the Closing Date and continuing through October 31, 1995, SIX MILLION AND NO/100 DOLLARS ($6,000,000.00) during the period commencing as of November 1, 1995 and continuing through October 31, 1996 and SEVEN MILLION AND NO/100 DOLLARS ($7,000,000.00) during the period commencing as of November 1, 1996 and continuing through the Revolving Credit Termination Date.
Inventory Cap has the meaning ascribed to it in the definition of “Borrowing Base”.
Inventory Cap means, initially, $10,000,000; provided, that, (x) after the first anniversary of the Closing Date, such cap shall 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 $0 (I) as of any date of determination during the period commencing on the Fourth Amendment Effective Date and ending on January 1, 2022, if the Market Capitalization of Endologix as of such date is less than $10,000,000, or (II) as of any date of determination thereafter, if the Market Capitalization of Endologix as of such date is less than $25,000,000.
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