Inventory Limit definition

Inventory Limit means $150,000,000 (subject to an upward adjustment on a dollar for dollar basis not to exceed $200,000,000 upon any increase in the Revolving Commitments pursuant to Section 2.24 hereof).
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Inventory Limit means, as of each date of determination of the Borrowing Base, an amount equal to 75% of the revenues of Borrower and its Subsidiaries for the then most recently ending three month period for which Borrower has reported such revenues on its latest Borrowing Base Certificate.
Sample 1Sample 2
Inventory Limit means $130,000,000.
Sample 1

Examples of Inventory Limit in a sentence

  • On such occasions, Transporter will post a notice on its electronic bulletin board notifying Shippers that the Reservoir Integrity Inventory Limit may be exceeded.

  • PG&E will issue an OFO for a Gas Day if, on the day prior to this Gas Day, PG&E’s forecast of pipeline inventory for the Gas Day is either below the Lower Pipeline Inventory Limit or above the Upper Pipeline Inventory Limit.

  • Transporter may, on a nondiscriminatory basis, permit Shippers to exceed the Reservoir Integrity Inventory Limit if, in Transporter's reasonable judgment, Transporter's reservoir integrity and service to other firm shippers will not be adversely affected.

  • As further experience is gained based on the actual operations of Transporter's Storage Field, it is possible that this Reservoir Integrity Inventory Limit will require modification.

  • The Reservoir Integrity Inventory Limit curve is included in Part VI: Graphical Illustrations.

  • The Upper Pipeline Inventory Limit was been temporarily set at 4,500 MMcf under all Total Demand conditions effective November 21, 2001 because of an unplanned outage of the Gerber Compressor Station.

  • PG&E will issue an OFO for a Gas Day if, on the day prior to this Gas Day, PG&E’s forecast of pipeline inventory for the Gas Day is either below the Lower Pipeline Inventory Limit or above the Upper Pipeline Inventory Limit, as provided in Sections C.2.c through f below.

  • The details of Fish Demand Elasticity and Inventory Limit converters are described by Figures 9 and 10 respectively.

  • Effect of Fish Inventory and Inventory Goal on Inventory Limit 26 Figure 11.

  • This is a reduction in the Upper Pipeline Inventory Limit from 4,600 MMcf under high demand conditions (when Total Demand is above 2,800 MMcf).


More Definitions of Inventory Limit

Inventory Limit means $100,000,000.
Sample 1
Inventory Limit means $22,500,000 for the first six months after the Closing Date, and at any time thereafter means the lesser of (a) $22,500,000 or (b) the outstanding amount of Loans advanced at such time in respect of Eligible Accounts.
Sample 1
Inventory Limit and "Working Capital Amount" are hereby inserted into Appendix A to the Loan Agreement.
Sample 1
Inventory Limit means $80,000,000.
Sample 1
Inventory Limit has the meaning set forth in Section 1. Liens has the meaning set forth in Section 5(a).
Sample 1
Inventory Limit means the lesser of (a) sixty percent (60%) of the Revolving Credit Commitments, and (b) $175,000,000; provided that if there is a Commitment Increase pursuant to Section 2.1(h), then such $175,000,000 amount shall be increased by an amount equal to 50% of such Commitment Increase.
Sample 1

Related to Inventory Limit

  • Inventory Formula Amount means (i) the lesser of (x) 75% of the Value of Eligible Inventory and (y) 85% of the NOLV Percentage of the Value of Eligible Inventory plus (ii) the lesser of (x) the lesser of (1) 75% of the Value of Eligible In-Transit Inventory and (2) 85% of the NOLV Percentage of the Value of the Eligible In-Transit Inventory and (y) $10,000,000.

  • Inventory Sublimit means the amount(s) set forth in Section 1(d) of Schedule A.

  • Eligible Inventory means, with respect to any Borrower, all Trailers (less than ten years old), Aircraft and Aircraft engines complying with Stage III noise reduction requirements, Railcars (less than twenty-five years old), marine containers (less than ten years old), and, if approved by the Requisite Lenders, other related Equipment, in each case that (a) is owned of record by such Borrower or a Marine Subsidiary of such Borrower (or jointly by such Borrower and one or more of the other Borrowers) or, subject to the approval of Agent, any Owner Trustee of which such Borrower is the sole beneficiary or owner (or is the beneficiary or owner jointly with one or more of the other Borrowers), as applicable, (b) is subject to a Lease acceptable to Agent in its sole discretion (as reviewed in full in connection with each requested borrowing hereunder), which Lease shall, at a minimum, (A) be non-cancelable, (B) be with a lessee of acceptable credit quality as determined by Agent, and (C) be of a firm term in excess of one (1) year, except that cargo-containers and Trailers may be on Utilization Leases; (c) has a value and marketability reasonably satisfactory to the Agent; and (d) is free and clear of all Liens, except (i) any interest of a lessee thereof pursuant to a Lease entered into with such Borrower or a Marine Subsidiary of such Borrower or such Borrower’s or such Marine Subsidiary’s predecessor in interest or such Owner Trustee or nominee entity, as lessor, or (ii) as otherwise permitted by Section 6.1, provided that any Liens of the type permitted under clause (ii) encumbering any item of Equipment shall not secure obligations in amounts which materially impair the equity value in such item of Equipment. Requisite Lenders in their sole discretion, on a case by case basis, may approve other items or types of Equipment for credit under "Eligible Inventory" from time to time. Equipment which is Eligible Inventory will cease to be Eligible Inventory at any time it no longer continues to meet all of the above requirements.

  • Inventory Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(ii) hereof.

  • Inventory Value means with respect to any Inventory of a Loan Party at the time of any determination thereof, the standard cost determined on a first in first out basis and carried on the general ledger or inventory system of such Loan Party stated on a basis consistent with its current and historical accounting practices, in Dollars, determined in accordance with the standard cost method of accounting less, without duplication, (i) any markup on Inventory from an Affiliate and (ii) in the event variances under the standard cost method are expensed, a Reserve reasonably determined by the Agent as appropriate in order to adjust the standard cost of Eligible Inventory to approximate actual cost.

  • Concentration Limit means at any time for any Obligor, the product of (i) such Obligor’s Specified Concentration Percentage, times (ii) the aggregate Unpaid Balance of the Eligible Receivables included in the Receivables Pool at the time of determination.

  • Eligible Finished Goods Inventory means Inventory that qualifies as Eligible Inventory and consists of first quality finished goods held for sale in the ordinary course of Borrowers’ business.

  • Inventory Reserves means such reserves as may be established from time to time by the Administrative Agent, in its reasonable commercial discretion exercised in good faith and not inconsistent with past practice, with respect to changes in the determination of the salability, of the Eligible Inventory (or Eligible In-Transit Inventory, as the case may be) or which reflect such other factors as negatively affect the market value of the Eligible Inventory, but without duplication of any Tax Stamp Reserves.

  • Inventory control system means a system described in Section 4-41a-103.

  • Concentration Limits means, as of any date of determination prior to (x) the Commitment Termination Date with respect to all items below and (y) the Final Maturity Date with respect to the concentration limit set forth in clause (c) below, for purposes of determining the Excess Concentration Amount and the Borrowing Base, the concentration limitations set forth below:

  • Inventory Reserve means reserves established by the Administrative Agent to reflect factors that may negatively impact the Value of Inventory, including change in salability, obsolescence, seasonality, theft, shrinkage, imbalance, change in composition or mix, markdowns and vendor chargebacks.

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • Inventory Appraisal means (a) on the Closing Date, the appraisal prepared by Great American Group dated June 2007 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraisal firm pursuant to Section 9.2(b).

  • Conduit Inventory Loan shall have the meaning assigned to such term in Section 14(d).

  • Obsolete Inventory means items that have expired, are redundant or

  • Transferred Inventory has the meaning set forth in Section 1.1(e).

  • In-Transit Inventory means Inventory of a Borrower which is in the possession of a common carrier and is in transit from a Foreign Vendor of a Borrower from a location outside of the continental United States to a location of a Borrower that is within the continental United States.

  • Borrowing Base Amount means:

  • Excluded Inventory shall have the meaning set forth in Section 2.4.

  • Consigned Inventory means Inventory of any Borrower that is in the possession of another Person on a consignment, sale or return, or other basis that does not constitute a final sale and acceptance of such Inventory.

  • Eligible In-Transit Inventory means, as of any date of determination thereof, without duplication of other Eligible Inventory, In-Transit Inventory:

  • Canadian Availability means, as of any date of determination, the amount (if any) by which (a) Canadian Available Credit, exceeds (b) the sum of the aggregate Dollar Equivalent of (i) Revolver Credit Advances made to the Canadian Borrowers plus (ii) the Canadian Borrowers’ Letter of Credit Obligations (other than the Canadian Borrowers’ Letter of Credit Obligations cash collateralized in accordance with the terms of the Loan Documents).