Inventory Appraisal definition

Inventory Appraisal means (a) on the Closing Date, the appraisal prepared by Great American Group dated June 2007 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraisal firm pursuant to Section 9.2(b).

Inventory Appraisal means the most recent inventory appraisal conducted by Xxxxxx 0 or another independent appraisal firm and delivered pursuant to Section 5.07(c) hereof.

Inventory Appraisal means (a) on the Closing Date, the appraisal prepared by Hilco Appraisal Services LLC dated February 28, 2005 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraisal firm and delivered pursuant to Section 5.17(g) hereof and satisfactory to the Collateral Agent.

Examples of Inventory Appraisal in a sentence

• For the avoidance of doubt, for purposes of any calculations hereunder or otherwise, any new Acceptable Inventory Appraisal shall not take effect until the delivery of the first Borrowing Base Certificate that is delivered immediately after the delivery of such new Acceptable Inventory Appraisal.

• The cost of each audit shall be paid by Borrower, which cost per audit shall not exceed the Audit Fee or the Inventory Appraisal Fee set forth in Sections 2.2.12 and 2.2.13, respectively.

• The Inventory Appraisal and a written report regarding the results of a commercial finance examination of the Borrowers shall be satisfactory to the Collateral Agent.

• As of the Original Closing Date, the Borrower and the other Loan Parties have not disposed of assets (other than Inventory sold in the ordinary course of their business) which are set forth in the Inventory Appraisal, Equipment appraisal or Real Property appraisals and which have an aggregate fair market value of more than the Dollar Equivalent of $250,000.

• In addition, the Administrative Agent may carry out, at the Lenders’ expense, one (1) additional Updated Inventory Appraisal in any period of twelve (12) consecutive months which includes the first day of a Cash Dominion Period.

More Definitions of Inventory Appraisal

Inventory Appraisal means an appraisal of either Borrower’s Inventory conducted at Borrowers’ expense by an appraiser selected by Lender, which shall be received on or before the Closing Date and thereafter conducted with such frequency as Lender may require.

Inventory Appraisal has the meaning specified in Section 7.5(a).

Inventory Appraisal means (a) on the Original Closing Date, the report prepared by DoveBid Valuation Services, Inc. dated October 27, 2003 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraisal firm designated by Collateral Agent and reasonably acceptable to Borrower and delivered pursuant to Section 9.02 hereof.

Inventory Appraisal means (a) on the Closing Date and thereafter until any subsequent inventory appraisal is completed and delivered pursuant to Section 5.6(b) hereof, the inventory appraisal prepared by Hilco Appraisal Services, LLC dated April 19, 2007 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraisal firm satisfactory to the Collateral Agent and the Administrative Agent and delivered pursuant to Section 5.6(b) hereof.

Inventory Appraisal means the inventory appraisal prepared by the Xxxxxxx Group and delivered to the Agent prior to the Agreement Date and each other inventory appraisal delivered to the Agent pursuant to SECTION 8.12(F).

Inventory Appraisal has the meaning specified therefor in Section 3.05.

Inventory Appraisal means (a) on the Second Amendment Effectiveness Date, Hilco Valuation Services’ report dated November 27, 2019 (as of September 30, 2019), and (b) thereafter, the most recent Inventory appraisal conducted by an independent appraisal firm reasonably acceptable to the Administrative Agent and delivered pursuant to Section 6.10 hereof.