Appraised Inventory Liquidation Value. The product of (a) the Cost of Eligible Inventory (net of Inventory Reserves) multiplied by (b) that percentage, determined from the then most recent appraisal of each Borrower's Inventory undertaken initially at the Lead Borrower's request, and subsequently at the request of the Collateral Agent, to reflect the appraiser's estimate of the net recovery on such Borrower's Inventory in the event of an in-store liquidation of that Inventory.

Appraised Inventory Liquidation Value means the product of (a) the Cost of Eligible Inventory, multiplied by (b) that percentage, determined from the then most recent appraisal of the Borrowers’ Inventory undertaken at the request of the Administrative Agent as permitted by the terms of this Agreement, to reflect the appraiser’s estimate of the net recovery on the Borrower’s Inventory in the event of an in-store liquidation of that Inventory.

Appraised Inventory Liquidation Value. The product of (a) the Cost of Eligible Inventory (net of Inventory Reserves) of the Casual Male Companies and XXX, multiplied by (b) that percentage, determined from the then most recent appraisal of the Loan Parties’ Inventory undertaken at the request of the Administrative Agent, to reflect the appraiser’s estimate of the net recovery on the Loan Parties’ Inventory in the event of an in-store liquidation of that Inventory.

Examples of Appraised Inventory Liquidation Value in a sentence

Loan to Value Reserve - as of the date of determination by the Administrative Agent, from time to time an amount equal to the greater of (i) $0; and (ii) the amount, if any, by which the outstanding amount of the Term Loans at such time exceeds the Dollar Equivalent of 18.5% of the Appraised Inventory Liquidation Value of each Eligible Inventory Category owned by the Borrowers, Xxxxx U.S. and Mayor’s Florida at such time.

More Definitions of Appraised Inventory Liquidation Value

Appraised Inventory Liquidation Value means the product of (a) the aggregate value of Eligible Inventory (net of Inventory Reserves) multiplied by (b) that percentage, determined from the then most recent appraisal of the Borrower’s Inventory undertaken by, or at the request of, the Administrative Agent, to reflect the appraiser’s estimate of the net recovery on the Borrower’s Inventory in the event of an in-store liquidation of that Inventory.

Appraised Inventory Liquidation Value. The product of (a) the Cost of Eligible Inventory (net of Inventory Reserves) multiplied by (b) that percentage, determined from the then most recent appraisal of the Borrowers’ and Canadian Affiliate’s Inventory obtained by the Agent, to reflect the appraiser’s estimate of the net realization on the liquidation of the Cost of the Borrowers’ and Canadian Affiliate’s Inventory.

Appraised Inventory Liquidation Value. The net recovery, as reflected on an Inventory Appraisal, as recoverable on the Borrowers' Inventory in the event of the conduct of a liquidation of the Borrowers' Inventory pursuant to an in-Store liquidation.

Appraised Inventory Liquidation Value. The net recovery (stated as a percentage of the Cost of Borrower’s Inventory), as reflected on the then most recent appraisal (which shall be undertaken by an independent appraiser engaged by the Agent) of the Borrower’s Inventory, as recoverable on the Borrower’s Inventory in the event of an in-store liquidation of that Inventory.

Appraised Inventory Liquidation Value as defined in the Revolving Credit Agreement. Approved Fund – any Person (other than a natural person) that is engaged in making, holding or investing in extensions of credit in its ordinary course of business and is administered or managed by a Lender, an entity that administers or manages a Lender, or an Affiliate of either. Assignee Group – two or more Eligible Assignees that are Affiliates of one another or two or more Approved Funds managed by the same investment advisor.

Appraised Inventory Liquidation Value means the product of (a) the Cost of Eligible Inventory, minus Inventory Reserves, multiplied by (b) that percentage determined from the most recent appraisal of the Borrower’s and its Subsidiaries’ Inventory undertaken by an independent appraiser delivered to the Administrative Agent pursuant to Section 6.01(f) or 6.08(c) to reflect the appraiser’s estimate of the net recovery on the Borrower’s and its Subsidiaries’ Inventory in the event of an in-Store net orderly liquidation of that Inventory; provided that, for the purposes of this definition, such percentage shall not exceed the percentage determined from the appraisal dated March 2010 undertaken by Great American Group of the Borrower’s and its Subsidiaries’ Inventory.