Inventory Loan definition

Inventory Loan in the Loan Documents shall mean, singly and collectively, that certain $10,000,000 timeshare interval inventory loan and that certain $8,000,000 timeshare interval inventory loan provided by TFC to Borrower pursuant to that certain Amended and Restated Loan and Security Agreement dated as of March 5, 2004 by and between Borrower and TFC, as the same may hereafter be amended from time to time.

Inventory Loan in the Loan Agreement shall mean, singly and collectively, that certain $10,000,000 timeshare interval inventory loan and that certain $8,000,000 timeshare interval inventory loan provided by TFC to Borrower pursuant to that certain Amended and Restated Loan and Security Agreement dated as of March 5, 2004 by and between Borrower and TFC, as the same may hereafter be amended from time to time.

Inventory Loan means individually and “Inventory Loans” shall mean collectively each Revolving Loan disbursed by Lender directly to Vendors solely for the acquisition of Inventory subject to an Approval by Borrower from the Vendors.

Examples of Inventory Loan in a sentence

• For purposes only of applying the Inventory Loan Limit, Agent may treat the then undrawn amounts of outstanding Letters of Credit for the purpose of purchasing Eligible Inventory as Revolving Loans to the extent Agent is in effect basing the issuance of the Letter of Credit on the Value of the Eligible Inventory being purchased with such Letter of Credit.

• No Default or Event of Default (as such terms are defined in the Inventory Loan Promissory Note) shall have occurred and be continuing, unless such Default or Event of Default has been otherwise specifically waived in writing by Inventory Loan Lender.

• The representations and warranties contained herein, in the Loan Agreement and in the other Loan Documents, as each is amended hereby, and in the Inventory Loan Documentation, shall be true and correct as of the date hereof, as if made on the date hereof, except for such representations and warranties as are by their express terms limited to a specific date.

• For purposes only of applying the Inventory Loan Limit, Agent may treat the then undrawn amounts of outstanding Letter of Credit Accommodations for the purpose of purchasing Eligible Inventory as Loans to the extent Agent is in effect basing the issuance of the Letter of Credit Accommodations on the Value of the Eligible Inventory being purchased with such Letter of Credit Accommodations.

• For purposes only of applying the Inventory Loan Limit, Agent may treat the then undrawn amounts of outstanding Letter of Credit Accommodations for the purpose of purchasing Eligible Inventory as Revolving Loans to the extent Agent is in effect basing the issuance of the Letter of Credit Accommodations on the Value of the Eligible Inventory being purchased with such Letter of Credit Accommodations.

More Definitions of Inventory Loan

Inventory Loan means either the Secured Inventory Loan or the Unsecured Inventory Loan, whichever is applicable.

Inventory Loan means that certain loan made by Inventory Loan Lender to the Inventory Loan Borrower pursuant to the Inventory Loan Promissory Note, as amended, restated, supplemented, replaced, renewed, extended or otherwise modified from time to time.

Inventory Loan means that certain $10,000,000 time share interval inventory loan provided by TFC to Borrower pursuant to that certain Loan and Security Agreement dated December 16, 1999 by and between TFC and Borrower, as amended by the First Amendment to Loan and Security Agreement dated April 17, 2001 and as further amended by the Second Amendment to Loan and Security Agreement dated of even date herewith (the "INVENTORY LOAN AGREEMENT").

Inventory Loan means, that certain $8,400,000 Timeshare Interval inventory loan made or to be made by lender to Debtor. INVENTORY LOAN AGREEMENT -- means that certain General Loan and Security Agreement among Lender and Debtor of even date hereof to provide for the Inventory Loan.

Inventory Loan means any Revolver Loan hereunder requested for Inventory Purposes.

Inventory Loan the revolving line of credit loan made pursuant to ARTICLE 2.

Inventory Loan means, at any time, the non-revolving loan facility comprised of a maximum of $3,700,000, provided however that the maximum amount of the Inventory Loan shall at no time exceed a 12% advance against the retail value of the remaining unsold inventory at the Resorts.