Inventory Loan Amount definition

Inventory Loan Amount means $350,000,000 at all times; provided, that, Revolving Loans outstanding with respect to Eligible Domestic In-Transit Inventory, Eligible International In-Transit Inventory and Eligible Re-Load Inventory shall not in the aggregate at any one time exceed $60,000,000.
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Inventory Loan Amount means $350,000,000 at all times; provided, that, Revolving Loans outstanding with respect to Eligible Domestic In-Transit Inventory, Eligible International In- Transit Inventory and Eligible Re-Load Inventory shall not in the aggregate at any one time exceed $60,000,000. “Inventory Reserves” means, as of any date of determination, (a) Landlord Reserves in respect of Inventory, (b) those reserves that Agent deems necessary or appropriate, in its Permitted Discretion and subject to Section 2.1(c), to establish and maintain (including reserves for slow moving Inventory and Inventory shrinkage) with respect to Eligible Inventory or the Maximum Revolver Amount, including based on the results of appraisals, and (c) with respect to Eligible In-Transit Inventory, those reserves that Agent deems necessary or appropriate, in its Permitted Discretion and subject to Section 2.1(c), to establish and maintain with respect to Eligible In-Transit Inventory or the Maximum Revolver Amount (i) for the estimated costs relating to unpaid freight charges, warehousing or storage charges, taxes, duties, and other similar unpaid costs associated with the acquisition of such Eligible In-Transit Inventory, plus (ii) for the estimated reclamation claims of unpaid sellers of such Eligible In-Transit Inventory. “Investment” means, with respect to any Person, any investment by such Person in any other Person (including Affiliates) in the form of loans, guarantees, advances, capital contributions (excluding (a) commission, travel, and similar advances to officers and employees of such Person made in the ordinary course of business, and (b) bona fide accounts receivable arising in the ordinary course of business), or acquisitions of Indebtedness, Equity Interests, or all or substantially all of the assets of such other Person (or of any division or business line of such other Person), and any other items that are or would be classified as investments on a balance sheet prepared in accordance with GAAP. The amount of any Investment shall be the original cost of such Investment plus the cost of all additions thereto, minus at Administrative Borrower’s option, all capital returned with respect to such Investment, in each case without any adjustment for increases or decreases in value, or write-ups, write-downs, or write-offs with respect to such Investment. “IRC” means the Internal Revenue Code of 1986, as in effect from time to time. “IRS” means the Internal Revenue Service of the United St...
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Inventory Loan Amount means $200,000,000 at all times; provided, that, Revolving Loans outstanding with respect to Eligible Domestic In-Transit Inventory, Eligible International In-Transit Inventory and Eligible Re-Load Inventory shall not in the aggregate at any one time exceed $45,000,000.
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Examples of Inventory Loan Amount in a sentence

  • Such Inventory Loans may be borrowed, re-paid and re-borrowed, provided, however, the aggregate outstanding principal amount of all Inventory Loans shall not exceed Maximum Inventory Loan Amount.

  • At no time shall the unpaid principal balance of the Inventory Loans exceed the Maximum Inventory Loan Amount and all accrued Interest and any fees and costs provided for herein.

  • If for any reason the aggregate principal amount of the Inventory Loan outstanding at any time shall exceed the Maximum Inventory Loan Amount, Borrower, without notice or demand, shall immediately make a principal payment to FSW in an amount equal to such excess plus accrued and unpaid Interest hereon.

  • At no time shall the unpaid principal balance of the Inventory Loan exceed the Maximum Inventory Loan Amount.

  • Concurrently herewith, Borrower shall execute and deliver to Lender the Inventory Loan Promissory Note in the original principal amount not to exceed the Maximum Inventory Loan Amount.

  • Borrowers have requested that Lenders agree to amend certain provisions of the Credit Agreement, including without limitation, amending certain covenants and increasing the Maximum Inventory Loan Amount.

  • In the event Primary Borrower elects to exercise the Extension Option, Primary Borrower shall pay to Lender on the Original Borrowing Term Expiration Date a fee ("RENEWAL FEE") equal to one percent (1.0%) of the difference between the Maximum Inventory Loan Amount and the outstanding principal balance of the Inventory Loan as of the date ten (10) days prior to the Original Borrowing Term Expiration Date.

  • Borrower shall pay the Inventory Loan Amendment Fee upon any amendment to this Agreement that increases the Maximum Inventory Loan Amount, which shall be due on the day such amendment is signed by the Borrower.


More Definitions of Inventory Loan Amount

Inventory Loan Amount means (a) from March 24, 2016 through September 30, 2016, $175,000,000, (b) from October 1, 2016 and at all times thereafter, $150,000,000; provided, that, (i) for the calendar year 2017 and each calendar year thereafter, during April 1 through September 30 of any such calendar year, the Inventory Loan Limit shall be $175,000,000 and (ii) Revolving Loans outstanding with respect to Eligible Domestic In-Transit Inventory, Eligible International In-Transit Inventory and Eligible Re-Load Inventory shall not in the aggregate at any one time exceed $45,000,000.
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Related to Inventory Loan Amount

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

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Maximum Loan Amount has the meaning set forth in Section 2.1(a).

  • Total loan amount means the principal of the loan minus those

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

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

  • Aggregate Loan Balance At any date of determination, the outstanding principal balance of the Mortgage Loans serviced hereunder.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Maximum Term Loan Amount means Forty Million and No/100 Dollars ($40,000,000).

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Letter of Credit Maximum Amount means $5,000,000; provided that, on and after the Maturity Date, the Letter of Credit Maximum Amount shall be zero.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Borrowing Base Amount means:

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $90,000,000, as such amount may be adjusted as permitted by this Agreement.

  • Aggregate Revolving Credit Outstandings shall have the meaning provided in Section 5.2(b).

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.