Eligible Inventory Advance Rate means, with respect to Eligible Inventory, eighty percent (80%).
Eligible Inventory Advance Rate means 90% of the net orderly liquidation value of Domestic Inventory and 85% of the net orderly liquidation value of Foreign Inventory of the Loan Parties.
Eligible Inventory Advance Rate and "Eligible Inventory Cap" mean during each period set forth below the percentage and the dollar amount, respectively, set forth next to such period: ------------------------------------- ------------------------------ ---------------------------------- Period Eligible Inventory Eligible Inventory Cap ------------------------------------- ------------------------------ ---------------------------------- Advance Rate ------------------------------------- ------------------------------ ---------------------------------- Funding Date - 1/31/2000 55% $5,000,000 ------------------------------------- ------------------------------ ---------------------------------- 2/1/2000 - 4/30/2000 65% $5,300,000 ------------------------------------- ------------------------------ ---------------------------------- 5/1/2000 - 8/31/2000 60% $5,300,000 ------------------------------------- ------------------------------ ---------------------------------- 9/1/2000 - 9/30/2000 55% $4,500,000 ------------------------------------- ------------------------------ ---------------------------------- 10/1/2000 - 10/31/2000 54% $4,500,000 ------------------------------------- ------------------------------ ---------------------------------- 11/1/2000 - 11/30/2000 53% $4,500,000 ------------------------------------- ------------------------------ ---------------------------------- 12/1/2000 - 12/31/2000 52% $4,500,000 ------------------------------------- ------------------------------ ---------------------------------- 1/1/2000 - 1/31/2001 51% $4,500,000 ------------------------------------- ------------------------------ ----------------------------------
Examples of Eligible Inventory Advance Rate in a sentence
KeyBank National Association Borrowing Base Certificate For the Month Ending Accounts Receivable Less Receivables over 90 days Eligible Accounts Receivable Advance Rate x 85% A/R Availability Eligible Inventory Advance Rate INV.
Advance Rate is hereby deleted in its entirety and replaced by the following: Eligible Inventory Advance Rate – With respect to all Eligible Inventory, fifty percent (50%) (measured at cost).
More Definitions of Eligible Inventory Advance Rate
Eligible Inventory Advance Rate shall have the meaning set forth in Section 2.1(a)(iii) hereof.
Eligible Inventory Advance Rate shall have the meaning set forth in the definition of “Formula Amount”.
Eligible Inventory Advance Rate means, with respect to any Account, the lesser of (i) 40% of the net amount of Eligible Inventory sold under such Account (valued at the lower of cost or market, on a first-in, first-out basis) and (ii) 50% of the Net Orderly Liquidation Value of such Eligible Inventory.
Eligible Inventory Advance Rate means 65% (subject to the final proviso in the definition of Borrowing Base), except that:
Eligible Inventory Advance Rate means, with respect to Eligible Inventory consisting of propane, fuel oil, diesel oil, kerosene or gasoline, eighty percent (80%).
Eligible Inventory Advance Rate means the lower of (a) forty percent (40%) and (b) the “Net Eligible Inventory Advance Rate” set forth in the Appraisal Report.
Eligible Inventory Advance Rate means 0%.”