Eligible Memorabilia definition
Eligible Memorabilia or "Pro Rata Shares", (iv) of the definitions of "Eligible Inventory" or "Borrowing Base" if the effect of such amendment, modification or waiver is to increase the Availability of the Borrowers, or (v) the provisions contained in this Section 11.03, shall be effective only if evidenced by a writing signed by or on behalf of (A) any Lender affected thereby in the case of the amendments, modifications or waivers described in clause (i) above, or (B) all Lenders in the case of the amendments, modifications or waivers described in clauses (ii) through (vi) above. No amendment, modification, termination, or waiver of any provision of Article XII or any other provision referring to the Agent shall be effective without the written concurrence of the Agent. Any waiver or consent shall be effective only in the specific instance and for the specific purpose for which it was given. No notice to or demand on the Borrowers in any case shall entitle the Borrowers to any other or further notice or demand in similar or other circumstances. Any amendment, modification, waiver or consent effected in accordance with this Section 11.03 shall be binding on each Lender, each future Lender, and, if signed by the Borrowers, on the Borrowers.
Eligible Memorabilia means Memorabilia that at the time of determination meets all of the following qualifications:
Examples of Eligible Memorabilia in a sentence
The Borrowers shall maintain, hold for safe-keeping and preserve the Memorabilia and Inventory, including, without limitation, the Eligible Memorabilia and the Eligible Inventory, at all locations including those originally located at closed stores in a manner consistent with maintaining its maximum value.