Eligible Slow-Moving Inventory means any Inventory of a Borrower (a) that meets the requirements of Eligible Inventory, except clause (c) of such definition because such Inventory constitutes Slow-Moving Inventory.
Eligible Slow-Moving Inventory means Inventory that, as of any date of determination, is owned by a Borrower and acquired and dispensed by such Borrower in the Ordinary Course of Business that Agent, in its good faith credit judgment and discretion, deems to be Eligible Slow-Moving Inventory. Without limiting the generality of the foregoing, no Inventory shall be Eligible Slow-Moving Inventory unless such Inventory otherwise would be deemed eligible under the definition of “Eligible Inventory” except solely due to the requirements set forth in clause (m)(B)) of the definition thereof.
Eligible Slow-Moving Inventory means Inventory of the type or category that Borrowers then have a supply of 52 weeks or more (based on sales over the then preceding 12 consecutive month period) unless Borrowers have not sold any Inventory of such type or category during the then immediately preceding 12 consecutive month period.
Examples of Eligible Slow-Moving Inventory in a sentence
Nothing permitted by this Section 5.16, however, may be construed to alter in any the criteria for Eligible Accounts, Eligible Inventory, Eligible In-Transit Inventory or Eligible Slow-Moving Inventory provided in Section 1.1.
Nothing permitted by this Section 5.16, however, may be construed to alter in any the criteria for Eligible Accounts or, Eligible Inventory, Eligible In-Transit Inventory, Eligible Slow-Moving Inventory or Eligible Company SPV Inventory provided in Section 1.1.
More Definitions of Eligible Slow-Moving Inventory
Eligible Slow-Moving Inventory. Slow-Moving Inventory owned by Borrower that meets all of the criteria set forth in the defined term Eligible Inventory except clause (d) thereof, and that Lender, in its Permitted Discretion, deems to be Eligible Slow-Moving Inventory. Without limiting the foregoing, no Inventory shall be Eligible Slow-Moving Inventory unless (a) it is comprised of Slow-Moving Inventory of Borrower of not more than twenty-four (24) months’ supply of such type or category of Slow-Moving Inventory and (b) Borrower possesses sales data for Inventory of the same category and type for at least the preceding twelve (12) consecutive months.
Eligible Slow-Moving Inventory means and include Slow Moving Inventory that would otherwise constitute Eligible Inventory if not for the fact that such Inventory is Slow Moving Inventory.
Eligible Slow-Moving Inventory means Inventory that, as of any date of determination, is owned by a Borrower and acquired and dispensed by such Borrower in the Ordinary Course of Business that (a) consists of slow-moving or excess items held in inventory for twelve (12) months or more and (b) Agent, in its good faith credit judgment and discretion, deems to be Eligible Slow-Moving Inventory. Without limiting the generality of the foregoing, no Inventory shall be Eligible Slow-Moving Inventory unless such Inventory otherwise would be deemed eligible under the definition of “Eligible Inventory” except solely due to the requirements set forth in clause (m)(B)) of the definition thereof.
Eligible Slow-Moving Inventory means Inventory that would otherwise constitute Eligible Inventory but solely for the fact that it is Slow-Moving Inventory; provided, however, that Inventory that has not been launched for sale shall not be considered Eligible Slow-Moving Inventory if it has been in Borrower’s possession for more than three months.
Eligible Slow-Moving Inventory means Inventory that constitutes Eligible Inventory, except that it does not comply with clause (d) of the definition thereof."
Eligible Slow-Moving Inventory means Inventory owned by Borrower that would be Eligible Finished Goods Inventory or Eligible Raw Materials Inventory if it were not Slow Moving Inventory, but such Slow Moving Inventory is not in excess of Borrower's sales or utilization of such Slow Moving Inventory during the trailing 18 months.
Eligible Slow-Moving Inventory means Inventory which does not qualify as Eligible Inventory solely because it is Slow Moving Inventory as determined by the Lender in its commercially reasonable discretion.