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
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.
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.
EOHLC will provide a “CPS Inventory Component Verification” form in Cap Hub in conjunction with the Low Bid Approval Letter.
One hundred percent (100%) of this excess represents the Preliminary Excess Inventory Component of E&O Reserve.
For purposes of finally determining the Inventory Component, the Estimated Amount will be adjusted in accordance with the provisions of Paragraph 1.3(c).
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 20% 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 $6,000,000.
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 (xa) 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 (yb) 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); provided that, 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.period referred to in clause (i), in the event that a Cash Dominion Event has occurred and is continuing, such period shall be calculated following the delivery of the Borrower Base Certificate for the first week of June in any calendar year until the earlier of (a) the date of actual delivery of the Borrowing Base Certificate for the first week of October in any calendar year or (b) the date such Borrowing Base Certificate for the first week of October is required to be delivered in accordance with Section 5.01(q).
Inventory Component means 85% 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 the applicable percentage of Eligible Inventory as set forth below, valued at the lower of cost or market, but in no event shall such value be more than $6,000,000. The Inventory Component shall be (1) 25% of Eligible Inventory until and including June 30, 1995, (2) 20% of Eligible Inventory from July 1, 1995 until and including December 31, 1995, and (3)15% of Eligible Inventory from January 1, 1996 until and including June 30, 1996. There shall be no Inventory Component after July 1, 1996.