Common use of Net Book Value Clause in Contracts

Net Book Value. At the relevant time of reference thereto, the net book value of Eligible Inventory determined on a first-in first-out basis at lower of cost or market as expressed on the Borrower’s perpetual inventory report.

Net Book Value. At the any relevant time of reference thereto, the then net book value of Eligible Inventory determined on a first-in first-out basis the retail method at lower of cost or market as expressed on the Borrower’s perpetual inventory reportmarket.

Net Book Value. At the relevant time of reference thereto, the net book value of Eligible Inventory determined on a first-in first-out basis and at lower of cost or market as expressed on the Borrower’s perpetual inventory reportmarket.