Minimum Eligible Inventory Clause Samples
Minimum Eligible Inventory. Maintain at all times, Eligible Inventory having a value equal to at least $11,000,000; provided, however, if on any date of determination Eligible Inventory is less than the amount set forth above, (x) the Borrower shall, within one Business Day of the Administrative Agent's receipt of an Eligible Inventory Report, permanently reduce the Working Capital Commitments by an amount equal to such shortfall and (y) the amount set forth above shall be deemed to be reduced by an equal amount.".
Minimum Eligible Inventory. Borrower shall at all times maintain Eligible Inventory of no less than an amount equal to the sum of (a) $100,000,000 plus (b) the amount of any Maximum Credit Incremental Increase exercised pursuant to Section 2.1(c) of this Agreement multiplied by five (5).