Maximum Inventory Loan Amount definition

Maximum Inventory Loan Amount means (a) with respect to Inventory from Borrower’s performance chemical division, an amount not to exceed $15,000,000 and (b) with respect to Inventory from Borrower’s decorative products division, an amount not to exceed $21,000,000.
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Maximum Inventory Loan Amount means $30,000,000.
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Maximum Inventory Loan Amount means $50,000,000.
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Examples of Maximum 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.


More Definitions of Maximum Inventory Loan Amount

Maximum Inventory Loan Amount means the lesser of (a) fifty percent (50%) of the Maximum Revolver Amount or (b) fifty percent (50%) of the Borrowing Base.
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Maximum Inventory Loan Amount means (i) from and including May 1 through and including November 30 of each calendar year, $110,000,000 and (ii) from and including December 1 through and including April 30 of each calendar year, $135,000,000 in each case for both FMC and FRC combined.”
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Maximum Inventory Loan Amount set forth in Annex A of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
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Maximum Inventory Loan Amount means $90,000,000.
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Maximum Inventory Loan Amount means $450,000,000.
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Maximum Inventory Loan Amount means $65,000,000.
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Maximum Inventory Loan Amount means $120,000,000.
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