Common use of Inventory Value Clause in Contracts

Inventory Value. As of any date of determination, the Borrower will not, and will not permit any Subsidiary to, permit any Inventory of the Borrower or any Subsidiary having an aggregate value at cost in excess of 30% of the aggregate value at cost of all of the Inventory of the Borrower and the Subsidiaries to be stored at a location other than the Primary Distribution Facilities.

Appears in 2 contracts

Sources: Credit Agreement (Norstan Inc), Credit Agreement (Norstan Inc)