Inventory-Apparel definition

Inventory-Apparel means finished goods Inventory owned by Borrower valued on a first-in, first-out basis in accordance with GAAP (and as set forth on the Borrower’s stock ledger perpetual system).
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Inventory-Apparel means finished goods Inventory owned by Borrower consisting of apparel, luggage, accessories and products held for sale through Store Guarantors, historically bearing the "Wilsons" or "Bermans" names valued on a first-in, first-out basis in accordance with GAAP (and as set forth on the Borrower's stock ledger perpetual system).
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Examples of Inventory-Apparel in a sentence

  • Agent shall have the right to establish, modify, or eliminate Reserves against Eligible Inventory-Apparel from time to time in its reasonable credit judgment.

  • In addition, Agent reserves the right, at any time and from time to time after the Closing Date, to adjust any of the criteria set forth below, to establish new criteria and to adjust advance rates with respect to Eligible Inventory-Apparel in its reasonable credit judgment, subject to the approval of Requisite Lenders in the case of adjustments or new criteria or changes in advance rates or the elimination of Reserves which have the effect of making more credit available.

  • Eligible In-Transit Inventory" shall mean all of the In-Transit Inventory owned by the Borrower and reflected on Borrower's monthly general ledger as In-Transit Inventory and reflected in the most recent Borrowing Base Certificate as part of Eligible Inventory-Apparel and Eligible Inventory-Luggage delivered by Borrower to Agent, except any In-Transit Inventory to which any of the exclusionary criteria set forth below applies.