Low Season means for any period of determination of any Borrowing Base, any period identified by an appraiser selected and engaged by the Administrative Agent as a low selling period or similar term in the most recent appraisal ordered by the Administrative Agent.
Low Season means the six fiscal month period of each Fiscal Year starting on the first day of the fiscal month beginning in April of such Fiscal Year.
Low Season means, for any period of determination of any Borrowing Base, (i) with respect to Retail Inventory, the period commencing the first day of each fiscal year of the Company and ending the last day of the August fiscal month of the Company of such year and (ii) with respect to Wholesale Inventory, the period commencing the first day of the November fiscal month of the Company of each year and ending the last day of the July fiscal month of the Company of the following year.
Examples of Low Season in a sentence
For Low Season reservation cancellations, cancellation must be received at least 30 days in advance of your stay for a full refund minus a cancellation fee.
More Definitions of Low Season
Low Season means, for any period of determination of any Borrowing Base, (i) with respect to Retail Inventory, the period commencing the first day of December and ending the last day of the July of the following calendar year and (ii) with respect to Wholesale Inventory, the period commencing the first day of the November fiscal month of the Company of each year and ending the last day of the July fiscal month of the Company of the following year; provided that the definition of “Low Season” may be adjusted by the Administrative Agent at any time to reflect any comparable change set forth in the latest inventory appraisal delivered to the Administrative Agent pursuant to the terms hereof.
Low Season means the calendar months of January, February, July and August;
Low Season means, for any period of determination of the Borrowing Base with respect to Eligible Inventory, (a) the period commencing January 1 of each year and ending March 31 of such year and (b) such other periods that have been approved by the Administrative Agent and are identified as the "low season" in the most recent appraisal delivered from the time pursuant to this Agreement.
Low Season means, for any period of determination of any Borrowing Base, (i) with respect to Retail Inventory, the period commencing January 1 of each year and ending August 31 of such year and (ii) with respect to Wholesale Inventory, the period commencing November 1 of each year and ending July 31 of the following year.
Low Season means for any period of determination of any applicable portion of the Inventory Formula Amount in the Borrowing Base, the period of months identified as a low selling period or similar term in the most recent inventory appraisal delivered to Lender in accordance with the terms of this Agreement.
Low Season means the period November 1st through April 30th of each year.