Tranche A Inventory Formula Amount definition

Tranche A Inventory Formula Amount the lesser of (i) 75% of the Value of Eligible Inventory; or (ii) 85% of the NOLV Percentage of the Value of Eligible Inventory.
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Tranche A Inventory Formula Amount the sum of (A) the lesser of (1) 65% of the Value of Eligible Finished Goods Inventory and (2) 85% of the NOLV Percentage of the Eligible Finished Goods Inventory; plus (B) the lesser of (1) 65% of the Value of Eligible Raw Materials Inventory and (2) 85% of the NOLV Percentage of Eligible Raw Materials Inventory; plus (C) the lesser of (i) 50% of the Value of Work-In-Progress Inventory and (ii) 85% of the NOLV Percentage of Work-In- Progress Inventory. Tranche A Revolver Commitment: for any Lender, its obligation to make Tranche A Revolver Loans and to participate in LC Obligations up to the maximum principal amount shown on Schedule 1.1 (subject to any increase permitted pursuant to Section 2.1.7), or as hereafter determined pursuant to each Assignment and Acceptance to which it is a party. “Tranche A Revolver Commitments” means the aggregate amount of such commitments of all Tranche A Revolver Lenders. Tranche A Revolver Lenders: as of any date of determination, Lenders having a Tranche A Revolver Commitment or holding a Tranche A Revolver Loan. Tranche A Revolver Loan: a loan made pursuant to Section 2.1.1(a), and any Swingline Loan, Overadvance Loan or Protective Advance that consists of Tranche A Revolver Loans in accordance with Section 2.1.6. 37 NAI-1507796678v9
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Tranche A Inventory Formula Amount the sum of (A) the lesser of (1) 65% of the Value of Eligible Finished Goods Inventory and (2) 85% of the NOLV Percentage of the Eligible Finished Goods Inventory; plus (B) the lesser of (1) 65% of the Value of Eligible Raw Materials Inventory and (2) 85% of the NOLV Percentage of Eligible Raw Materials Inventory; plus (C) the lesser of (i) 50% of the Value of Work-In-Progress Inventory and (ii) 85% of the NOLV Percentage of Work-In-Progress Inventory.
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Examples of Tranche A Inventory Formula Amount in a sentence

  • Tranche A Borrowing Base: on any date of determination, an amount equal to the lesser of (a) the aggregate amount of Tranche A Revolver Commitments and (b) the sum of the Tranche A Accounts Formula Amount plus the Tranche A Inventory Formula Amount.

  • Tranche A Borrowing Base — on any date of determination, an amount equal to the lesser of (a) the aggregate amount of Tranche A Revolver Commitments on such date and (b) the sum of (i) the Tranche A Inventory Formula Amount on such date, plus (ii) the Tranche A Fixed Asset Availability Amount on such date, plus (iii) Tranche A Credit Card Receivables Amount on such date, minus (iv) the Availability Reserve on such date.

  • Tranche A Inventory Formula Amount — on any date of determination, 85% of the NRV Percentage of the Value of Eligible Inventory on such date.

  • Tranche A Borrowing Base: on any date of determination, an amount equal to the lesser of (a) the aggregate amount of Tranche A Revolver Commitments, minus the LC Reserve; or (b) the sum of the Tranche A Accounts Formula Amount, plus the Tranche A Inventory Formula Amount, plus the Eligible Equipment Component plus the Segregated Account Cash Balance.

  • Tranche A Inventory Formula Amount: the lesser of (i) 75% of the Value of Eligible Inventory; or (ii) 85% of the NOLV Percentage of the Value of Eligible Inventory.

  • Tranche A Inventory Formula Amount — (a) at all times on or prior to the first anniversary of the Closing Date, 90% of the NRV Percentage of the Value of Eligible Inventory, (b) at all times after the first anniversary of the Closing Date but on or prior to August 31, 2007, 87.5% of the NRV Percentage of the Value of Eligible Inventory and (c) at all times after August 31, 2007, 85% of the NRV Percentage of the Value of Eligible Inventory.


More Definitions of Tranche A Inventory Formula Amount

Tranche A Inventory Formula Amount. [ –]” - on any date of determination, 85% of the NRV Percentage of the Value of Eligible Inventory on such date.
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