Qualified Inventory. Upon delivery to the Agent of each Schedule of Inventory, the Agent shall make a determination, in its sole discretion, as to which Inventory listed thereon shall be deemed Qualified Inventory. Inventory shall not be considered Qualified Inventory unless the Agent determines, in its sole discretion, that such Inventory has met the following minimum requirements:
Appears in 3 contracts
Sources: Credit Agreement (Independent Gasoline & Oil Co of Rochester), Credit Agreement (Bell Oil Corp), Credit Agreement (Lone Star Technologies Inc)