Net Amount of Eligible Inventory means, at any time, the aggregate value, computed at the lower of cost (on a FIFO basis) and current market value, of Eligible Inventory of the Borrowers and the Guarantors.
Net Amount of Eligible Inventory means, at any time, the aggregate Book Value of Eligible Inventory.
Net Amount of Eligible Inventory means, at any time, the aggregate value, computed at the lower of cost (on a FIFO basis) and current market value, of Eligible Inventory of the Inventory Grantors.
More Definitions of Net Amount of Eligible Inventory
Net Amount of Eligible Inventory means, at any time, the aggregate Book Value of Eligible Inventory, as determined by the Collateral Monitor in its reasonable discretion.
Net Amount of Eligible Inventory means, at any time, the aggregate value, computed at the lower of cost (on a FIFO basis) and current market value, of Eligible Inventory of the Borrowers less reserves for (i) special order goods; (ii) market value declines; (iii) xxxx and hold (deferred shipment) or consignment sales; and (iv) other reserves required by the Administrative Agent in the exercise of its reasonable business judgment.
Net Amount of Eligible Inventory means, at any time, the aggregate value, computed at the lower of cost (on a FIFO basis) and current market value, of Eligible Inventory.
Net Amount of Eligible Inventory means, at any time, the aggregate value, computed at the lower of cost (on a weighted average cost method or such other method as complies with GAAP subject to the proviso below) and current market value (as published by a third party source satisfactory to the Administrative Agent), of Eligible Inventory of the Borrower; provided, however, the Borrower may change its inventory costing method, provided, however, that the Administrative Agent shall have been provided sufficient prior notice, shall be entitled to reconsider the inventory advance rate and shall be entitled to perform, if it deems necessary a field examination and/or inventory appraisal prior to any change in costing method becoming effective.
Net Amount of Eligible Inventory of any Borrower shall mean, at any time, the aggregate value, computed at the lower of cost (on a FIFO basis) and current market value, of Eligible Inventory of such Borrower.
Net Amount of Eligible Inventory means the gross amount of Eligible Inventory less estimated sales, excise or similar taxes on the sale price, and less returns, discounts, claims, credits, reserves (as determined by Lender in its reasonable business discretion) and allowances of any nature at any time issued, owing, granted, outstanding, available or claimed.
Net Amount of Eligible Inventory means the value of Eligible Inventory computed at the lower of cost (computed on a "first in, first out" basis) or market, less returns, discounts, claims, credits and allowances of any nature at any time issued, owing, granted, outstanding, available or claimed in respect of such Eligible Inventory.