Inventory Component means, (a) with respect to the calculation of the Inventory Component for purposes of any Borrowing Base Certificate that is required to be delivered no later than a date which is closest to the first day of any calendar month which is January 1, February 1, March 1, April 1, September 1, October 1, November 1 or December 1, the applicable Inventory Advance Rate, multiplied by the Cost of Eligible Inventory, net of Inventory Reserves and (b) with respect to the calculation of the Inventory Component for purposes of any Borrowing Base Certificate the nearest first day of any calendar month which is not set forth in clause (a) above, the lesser of (x) 90% of the Appraised Value of Eligible Inventory and (y) 75% of the Cost of Eligible Inventory, in each case, net of Inventory Reserves.
Inventory Component means the lesser of (a) 65% of Eligible Inventory, valued at the lower of Cost and market value, and (b) 85% of the Net Orderly Liquidation Value of Eligible Inventory.
Inventory Component means (a) Eligible Inventory, net of Inventory Reserves, valued at cost, multiplied by (b) the Appraised Value Percentage, multiplied by 90%.
Examples of Inventory Component in a sentence
One hundred percent (100%) of this excess represents the Preliminary Excess Inventory Component of E&O Reserve.
If such appraisal is not completed by the Post-Closing Appraisal Deadline, then the Deemed Borrowing Base Inventory Component shall be zero until such appraisal is completed.
Such list is set forth in Schedule 4.08 to this Agreement and is hereinafter defined as the "Inventory Component List".
The Lender shall have no obligation to make a Revolving Advance to a Borrower if, after giving effect to such requested Revolving Advance, (a) such Borrower's Availability would be less than zero, (b) Aggregate Availability would be less than zero, or (c) Inventory Component Advances would exceed the Inventory Sublimit.
Review all SKUs in the Preliminary Excess Inventory Component of E&O Reserve calculated in IV.B.1 above to determine whether historical usage is representative of anticipated usage.
More Definitions of Inventory Component
Inventory Component means the lesser of (a) Inventory Threshold and (b) 85.0% of (i) the NOLV Percentage of Eligible Inventory (net of normal course standard cost reserves and Reserves with respect to Inventory not already reflected in the determination of the NOLV Percentage) multiplied by (ii) the Value of such Inventory. For purposes of clarification, the determination in clause (b) above may be made as to different categories of Eligible Inventory based upon the NOLV Percentage applicable to such categories.
Inventory Component means, (a) with respect to the calculation of the Inventory Component for purposes of any Borrowing Base Certificate that is required to be delivered no later than a date which is closest to the first day of any calendar month which is January 1, February 1, March 1, April 1, September 1, October 1, November 1 or December 1, the applicable Inventory Advance Rate, multiplied by the Cost of Eligible Inventory, net of Inventory Reserves and (b) with respect to the calculation of the Inventory Component for purposes of any Borrowing Base Certificate the nearest first day of any calendar month which is not set forth in clause (a) above, the lesser of (x) 90% of the Appraised Value of Eligible Inventory and (y) 75% of the Cost of Eligible Inventory, in each case, net of Inventory Reserves.; provided, in no event shall the Inventory Component with respect to raw materials Eligible Inventory exceed the lesser of (x) 85% of the Appraised Value of the raw materials Eligible Inventory and (y) 75% of the Cost of the raw materials Eligible Inventory, in each case, net of Inventory Reserves.
Inventory Component as at any date of determination, the lesser of (a) $8,000,000 and (b) the sum of (i) 47% of the value of Eligible Inventory consisting of raw materials, plus (ii) 70% of the value of Eligible Inventory consisting of finished goods. As used herein, "value" shall be determined on a first-in, first-out, lower of cost or market basis in accordance with GAAP.
Inventory Component means 90.0% of the Net Recovery Percentage of Eligible Inventory and Eligible In-Transit Inventory (in each case, net of Inventory Reserves not already reflected in the determination of Net Recovery Percentage) multiplied by the value of each such category of Inventory; provided that for purposes of determining the Inventory Component, Eligible In-Transit Inventory shall not in any case exceed $20,000,000.
Inventory Component means (a) for purposes of determining the ABL Borrowing Base, (i) during the period following delivery of the Borrowing Base Certificates for the Fiscal Month of May (or, during the continuance of a Cash Dominion Event, the first week of June) in any calendar year until the earlier of (x) the date of actual delivery of the Borrowing Base Certificate for the Fiscal Month of September (or, during the continuance of a Cash Dominion Event, the first week of October) in any calendar year or (y) the date such Borrowing Base Certificate for the Fiscal Month of September (or, during the continuance of a Cash Dominion Event, the first week of October) is required to be delivered in accordance with Section 5.01(q), 92.5% and (ii) at any other time, 90%, in each case, of the Net Recovery Percentage of Eligible Inventory and Eligible In-Transit Inventory (in each case, net of Inventory Reserves not already reflected in the determination of Net Recovery Percentage) multiplied by the value of each such category of Inventory and (b) for purposes of determining the FILO Borrowing Base, 5.0% of the Net Recovery Percentage of Eligible Inventory and Eligible In-Transit Inventory (in each case, net of Inventory Reserves not already reflected in the determination of Net Recovery Percentage) multiplied by the value of each such category of Inventory.
Inventory Component means 15% of Eligible Inventory, valued at the lower of cost or market, but in no event shall the Inventory Component included in the Borrowing Base be more than $5,000,000.
Inventory Component has the meaning set forth in Section 7.1(g).