Inventory Formula Amount. the lesser of (a) 70% of the Value of Eligible Inventory of U.S. Borrowers; or (b) 85% of the NOLV Percentage of the Value of Eligible Inventory of U.S. Borrowers; provided, that at any time prior to the Conversion Date, the amount calculated under this definition shall not exceed the Inventory Sublimit.
Appears in 2 contracts
Sources: Loan and Security Agreement (Super Micro Computer, Inc.), Loan and Security Agreement (Super Micro Computer, Inc.)