Excess Inventory. That level of Inventory on hand determined by Bank to be in excess of a twelve (12) month supply of Borrower’s requirements therefor unless, upon written notice by Bank, Bank in its discretion shall determine a greater or lesser level of Inventory.
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Sources: Loan Agreement (Industrial Services of America Inc /Fl)
Excess Inventory. That level of Inventory on hand determined by Bank to be in excess of a twelve (12) month N/A months supply of Borrower’s requirements therefor unless, upon written notice by Bank, Bank in its discretion shall determine a greater or lesser level of Inventory.
Appears in 1 contract
Sources: Loan Agreement (Sand Hills, Inc)
Excess Inventory. That level of Inventory on hand determined by Bank to be in excess of a twelve (12) month n/a months supply of Borrower’s Borrowers' requirements therefor unless, upon written notice by Bank, Bank in its discretion shall determine a greater or lesser level of Inventory.
Appears in 1 contract
Excess Inventory. That level of Inventory on hand determined by Bank to be in excess of a twelve (12) month months supply of Borrower’s requirements therefor unless, upon written notice by Bank, Bank in its discretion shall determine a greater or lesser level of Inventory.
Appears in 1 contract