Examples of Inventory Facility in a sentence
Borrowings under the Inventory Facility are based upon the levels and composition of the Company's inventory and generally are available on a revolving basis through October 2004.
Lessor of the (i) remaining balance of the Inventory Facility Limit and (ii) line 4.
Additional Borrower shall be a co-obligor/co-borrower with the Borrowers with respect to Loan Agreement, Notes and other Loan Documents, and shall be jointly and severally liable with the Borrowers for repayment of the Inventory Facility and the Obligations thereunder.
Seller will not create or suffer to exist any mortgage, pledge, security interest, encumbrance, lien, charge or other similar arrangement on any of its inventory, except as contemplated in an Inventory Facility Intercreditor Agreement.
Purchaser shall advise Client of the amount of the sublimit on the Inventory Facility as Purchaser shall determine, and may adjust, from time to time.