85% of the Face Amount of All Then Outstanding and Undrawn Eligible Trade L/Cs at All Times (The “Eligible Trade L/C Advance Rate Sample Clauses


85% of the face amount of all then outstanding and undrawn Eligible Trade L/Cs at all times (the “Eligible Trade L/C Advance Rate provided, that in no event shall the Eligible Trade L/C Advance Rate exceed 85% of the NOLV of the Inventory-Apparel, which shall exist upon a draw on the applicable Eligible Trade L/C; plus