Common use of Eligible Inventory Clause in Contracts

Eligible Inventory. As to each item of Inventory that is identified by any Borrower as Eligible Inventory (whether constituting Eligible In-Transit Inventory or Eligible Landed Inventory) in a Borrowing Base Certificate submitted to Agent, such Inventory is (a) of good and merchantable quality, free from known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than Agent-discretionary criteria) set forth in the definitions of Eligible Inventory, Eligible In-Transit Inventory or Eligible Landed Inventory, as applicable.

Eligible Inventory. As to each item of Inventory that is identified by any Borrower Borrowers as Eligible Inventory (whether constituting Finished Goods Inventory, Eligible WIP Inventory, Eligible In-Transit Inventory Inventory, or Eligible Landed Inventory) Raw Materials Inventory in a Borrowing Base Certificate submitted to Agent, such Inventory is (a) of good and merchantable quality, free from known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than any Agent-discretionary criteria) set forth in the definitions definition of Eligible Inventory, Inventory (in the case of Eligible In-Transit Inventory or Eligible Landed Inventory, as applicableafter giving effect to any exclusions therefrom specified in the definition of Eligible In-Transit Inventory).

Eligible Inventory. As to each item of Inventory that is identified by any Borrower the Borrowers as Eligible Inventory (whether constituting Inventory, Eligible In-In Transit Inventory or Eligible Landed Inventory) Inventory consisting of work-in-process in a Borrowing Base Certificate submitted to the Administrative Agent, such Inventory is (a) of good and merchantable quality, free from known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than Agent-discretionary any Administrative Agent -discretionary criteria) set forth in the definitions definition of Eligible Inventory, Inventory (or in the case of Eligible In-In Transit Inventory or Eligible Landed Concession Inventory, as applicableafter giving effect to any exclusions therefrom specified in the definition of Eligible In Transit Inventory or Eligible Concession Inventory).

Eligible Inventory. As to each item of Inventory that is identified by any Borrower as Eligible Inventory (whether constituting Finished Goods Inventory, Eligible In-Transit Inventory, Eligible Work-in-Process Inventory or Eligible Landed Inventory) Raw Materials Inventory in a Borrowing Base Certificate submitted to Agent, such Inventory is (a) of good and merchantable quality, free from known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than any Agent-discretionary criteria) set forth in the definitions definition of Eligible Inventory, Inventory (in the case of Eligible In-Transit Inventory or Eligible Landed Inventory, as applicableafter giving effect to any exclusions therefrom specified in the definition of Eligible In-Transit Inventory).

Eligible Inventory. As to each item of Inventory that is identified by any Borrower the Borrowers as Eligible Inventory (whether constituting Inventory, Eligible In-In Transit Inventory or Eligible Landed Inventory) Inventory consisting of work-in- process in a Borrowing Base Certificate submitted to the Administrative Agent, such Inventory is (a) of good and merchantable quality, free from known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than Agent-discretionary any Administrative Agent -discretionary criteria) set forth in the definitions definition of Eligible Inventory, Inventory (or in the case of Eligible In-In Transit Inventory or Eligible Landed Concession Inventory, as applicableafter giving effect to any exclusions therefrom specified in the definition of Eligible In Transit Inventory or Eligible Concession Inventory).

Eligible Inventory. As to each item of Inventory that is identified by any Borrower Borrowers as Eligible Inventory (whether constituting Finished Goods Inventory, Eligible Raw Materials Inventory, Eligible In-Transit Inventory or Eligible Landed Inventory) Work-In-Process Inventory in a Borrowing Base Certificate submitted to Agent, such Inventory is (a) of good and merchantable quality, free from known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than any Agent-discretionary criteria) set forth in the definitions definition of Eligible Inventory, Inventory (and in the case of Eligible In-Transit Inventory or Eligible Landed Inventory, as applicableafter giving effect to any exclusions therefrom specified in the definition of Eligible In-Transit Inventory).

Eligible Inventory. As to each item of Inventory that is identified by any the Borrower as Eligible Inventory (whether constituting Inventory, Eligible In-In Transit Inventory or Eligible Landed Inventory) Inventory consisting of work-in-process in a Borrowing Base Certificate submitted to the Administrative Agent, such Inventory is (a) of good and merchantable quality, free from known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than Agent-discretionary any Administrative Agent -discretionary criteria) set forth in the definitions definition of Eligible Inventory, Inventory (or in the case of Eligible In-In Transit Inventory or Eligible Landed Concession Inventory, as applicableafter giving effect to any exclusions therefrom specified in the definition of Eligible In Transit Inventory or Eligible Concession Inventory).