Common use of Eligible Inventory Clause in Contracts

Eligible Inventory. The words "Eligible Inventory" mean at any time, all of Borrower's Inventory as defined below except:

Appears in 6 contracts

Sources: Business Loan Agreement (Asset Based) (Portland Brewing Co /Or/), Loan Agreement (Marketing Worldwide Corp), Loan Agreement (Coeur D Alenes Co /Ia/)

Eligible Inventory. The words "Eligible Inventory" mean mean, at any time, all of Borrower's Inventory as defined below below, except:

Appears in 6 contracts

Sources: Business Loan Agreement (FGI Industries Ltd.), Business Loan Agreement (Addvantage Technologies Group Inc), Business Loan Agreement (Dougherty's Pharmacy, Inc.)

Eligible Inventory. The words "“Eligible Inventory" mean ” mean, at any time, all of Borrower's ’s Inventory as defined below below, except:

Appears in 5 contracts

Sources: Business Loan Agreement (AmpliTech Group, Inc.), Business Loan Agreement (Asset Based) (Ocean Bio Chem Inc), Business Loan Agreement (Asset Based) (Ocean Bio Chem Inc)

Eligible Inventory. The words "Eligible Inventory" mean mean, at any time, all of Borrower's Inventory as defined below except:

Appears in 4 contracts

Sources: Loan Agreement (Vermont Pure Holdings LTD), Loan Agreement (PDS Financial Corp), Loan Agreement (United Oilfield Services Inc)

Eligible Inventory. The words "Eligible Inventory" mean mean, at any time, the aggregate value of all of Borrower's Inventory as defined below except:

Appears in 2 contracts

Sources: Loan Agreement (Carrier Access Corp), Loan Agreement (Carrier Access Corp)

Eligible Inventory. The words "“Eligible Inventory" ” mean at any time, all of Borrower's ’s Inventory as defined below except:

Appears in 1 contract

Sources: Business Loan Agreement (Flotek Industries Inc/Cn/)

Eligible Inventory. The words "Eligible Inventory" mean mean, at any time, all of Borrower's Inventory as defined below except:: (1) Inventory which is not owned by Borrower free and clear of all security interests, liens, and encumbrances.

Appears in 1 contract

Sources: Loan Agreement (Phillips R H Inc)

Eligible Inventory. The words "word “Eligible Inventory" ” mean at any time, all of Borrower's ’s Inventory as defined below except:

Appears in 1 contract

Sources: Business Loan Agreement (Asset Based) (Sterion Inc)

Eligible Inventory. The words "Eligible Inventory" mean mean, at any time, all of Borrower's Inventory inventory as defined below except:

Appears in 1 contract

Sources: Loan Agreement (R B Rubber Products Inc)

Eligible Inventory. The words "“Eligible Inventory" mean ” mean, at any time, all of Borrower's Inventory ’s inventory as defined below except:

Appears in 1 contract

Sources: Loan Agreement (Synergetics Usa Inc)

Eligible Inventory. The words "“Eligible Inventory" mean ” mean, at any timeanytime, all of Borrower's ’s Inventory as defined below below, except:

Appears in 1 contract

Sources: Business Loan Agreement (Royal Bodycare Inc/Nv)

Eligible Inventory. The words "Eligible Inventory" mean at any time, all of Borrower's Inventory inventory as defined below except:

Appears in 1 contract

Sources: Business Loan Agreement (Obsidian Enterprises Inc)