Inventory Sublimit definition

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

Inventory Sublimit means $3,000,000.

Inventory Sublimit means $2,000,000.

Examples of Inventory Sublimit in a sentence

• Subject to the overall Maximum Aggregate Credit Amount set forth above and the terms and conditions of this Agreement, on and after the Closing Date, Lenders severally and not jointly may make Loans to Dealers with respect to pre-owned units of inventory; provided that such cash advances shall not exceed the Pre-Owned Inventory Sublimit and must comply with the pre-owned inventory advance terms set forth herein.

• If a Maximum Revolver Amount Increase occurs, the Agent and Lenders will, in good faith, consider the Borrower’s request to increase the Inventory Sublimit.

• 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.

• These programs were also promoted on the City of Tulsa’s Stormwater Quality website.

• Borrower hereby confirms and acknowledges that it is in default of its respective obligations under the Loan Documents as a result, inter alia, of (a) Borrower's failure to achieve projected monthly sales as required in Article 13.1(c) of the Loan Agreement, and (b) Borrower exceeding the Inventory Sublimit, WIP Sublimit and Permitted Overadvance as originally scheduled under the Loan Agreement.

More Definitions of Inventory Sublimit

Inventory Sublimit means (a) during the period commencing on December 1 of each fiscal year of VMC and ending on August 31 of such fiscal year, $30,000,000, (b) during the period commencing on September 1 of each fiscal year of VMC and ending on October 31 of such fiscal year, $20,000,000 and (c) during the period commencing on November 1 of each fiscal year of VMC and ending on the last day of DecemberNovember in such fiscal year, $12,500,000.

Inventory Sublimit shall have the meaning set forth in Section 2.1(a)(ii).

Inventory Sublimit means the amount(s) set forth in Section 1(d) of Annex I.

Inventory Sublimit is defined in Section 2.1 of Schedule B.

Inventory Sublimit has the meaning specified in the definition of “Borrowing Base” contained in this Schedule 1.1.

Inventory Sublimit means (a) $10,000,000 during the period from May 1, 2002 to and including September 30, 2002, (b) $12,000,000 during the period from May 1, 2003 to and including September 30, 2003, (c) $14,000,000 during the period from May 1, 2004 to and including September 30, 2005 and (e) during any period of time not covered by clauses (a) to and including (d) above, the Revolving Commitment.

Inventory Sublimit means, with respect to Rail, the "Rail Inventory Sublimit" (as defined in Subsection 2.4 hereof) and, with respect to Deco, the "Deco Inventory Sublimit" (as defined in Subsection 2.4 hereof).