Net Eligible Inventory definition
Net Eligible Inventory means, at any time, an amount equal to the Inventory Value of Eligible Inventory less Inventory Reserves.
Net Eligible Inventory means, at any time, an amount equal to the sum of, without duplication: (i) the book value of inventory of the Credit Parties subject to valid and enforceable First Priority Liens in favor of the Secured Parties, as reflected on the combined consolidated balance sheet of the Abitibi Entities as of the last day of the most recently ended month, less (ii) any reserves relating to such inventory identified by the Credit Parties, as reflected on the combined consolidated balance sheet of the Abitibi Entities as of the last day of the most recently ended month, less (iii) the book value of any inventory that is obsolete or otherwise non-saleable, less (iv) the book value of any in-transit inventory, less (v) beginning with the month ended April 30, 2008, a three months' rent reserve for each warehouse having in excess of $1,000,000 of inventory at such time for which the Collateral Agent has not received an executed Landlord Personal Property Collateral Access Agreement, provided that no such reserves shall be included in such calculation if more than 75% of all inventory located at warehouses at such time is located at warehouses for which the Collateral Agent has received an executed Landlord Personal Property Collateral Access Agreement.
Net Eligible Inventory means, at any time, Eligible Inventory at such time minus $1,153,000.
Examples of Net Eligible Inventory in a sentence
Inventory as of: BNCB Ending inventory as of: BNCB Net Eligible Inventory BNCB Inventory Advance Rate: BNCB Net Eligible Rental Inventory BNCB Inventory Rental Advance Rate: MBS Beg.
Inventory as of: ADD Purchases Buyback Freight LESS Returns (total) Guide Transfers (Used) Other Cost of Sales Ending inventory as of: ADD Merchandise received by store LESS Shrink (in excess of GL reserve) Café Digital Inventory in Transit MP Accrual > 90 days Net Eligible Inventory after Weekly Reporting Variance Reserve Inventory Advance Rate: Net Eligible Rental Inventory Inventory Rental Advance Rate: Monthly Inventory NOLV: Monthly Rental Inv.
More Definitions of Net Eligible Inventory
Net Eligible Inventory means as of any date of determination, the amount obtained by subtracting from Eligible Inventory an amount equal to all payables with respect to such Eligible Inventory.
Net Eligible Inventory means Gross Eligible Inventory less the amount by which Borrower's accounts payable exceed the sum of (i) work in process, and (ii) the raw materials of Bowm▇▇ ▇▇▇hnologies.
Net Eligible Inventory means Gross Eligible Inventory less the sum of (i) the sum of all accounts payable or trade payables of Borrower and EDI aged