{"component": "definition", "props": {"groups": [{"size": 17, "snippet_links": [{"key": "lesser-of", "type": "definition", "offset": [16, 25]}, {"key": "the-value", "type": "clause", "offset": [54, 63]}, {"key": "eligible-inventory", "type": "clause", "offset": [78, 96]}, {"key": "basis-of", "type": "clause", "offset": [116, 124]}], "snippet": "means up to the lesser of (a) twenty percent (20%) of the value of Companies\u2019 Eligible Inventory (calculated on the basis of the lower of cost or market, on a first-in first-out basis) and (b) One Million Dollars ($1,000,000).", "samples": [{"hash": "bF08Y91BVcw", "uri": "/contracts/bF08Y91BVcw#inventory-availability", "label": "Security Agreement (Airnet Communications Corp)", "score": 19.0, "published": true}, {"hash": "DcNRstGl3e", "uri": "/contracts/DcNRstGl3e#inventory-availability", "label": "Security Agreement (Airnet Communications Corp)", "score": 19.0, "published": true}], "hash": "6db77e1b27c8f247d5e2f50941f1fbb1", "id": 1}, {"size": 15, "snippet_links": [{"key": "amount-of-loans", "type": "clause", "offset": [10, 25]}, {"key": "eligible-inventory", "type": "clause", "offset": [34, 52]}, {"key": "from-time-to-time", "type": "clause", "offset": [64, 81]}, {"key": "to-company", "type": "clause", "offset": [97, 107]}, {"key": "lesser-of", "type": "definition", "offset": [118, 127]}, {"key": "fifty-percent", "type": "definition", "offset": [132, 145]}, {"key": "the-value", "type": "clause", "offset": [155, 164]}, {"key": "basis-of", "type": "clause", "offset": [216, 224]}], "snippet": "means the amount of Loans against Eligible Inventory Laurus may from time to time make available to Company up to the lesser of (a) fifty percent (50%) of the value of Company's Eligible Inventory (calculated on the basis of the lower of cost or market, on a first-in first-out basis) and (b) $1,000,000.", "samples": [{"hash": "eaJzHojTFBl", "uri": "/contracts/eaJzHojTFBl#inventory-availability", "label": "Security Agreement (Greenman Technologies Inc)", "score": 18.0, "published": true}, {"hash": "cuDAW2s3BDc", "uri": "/contracts/cuDAW2s3BDc#inventory-availability", "label": "Security Agreement (Catalyst Lighting Group Inc)", "score": 18.0, "published": true}], "hash": "5ac84d30a029a75421bd40b01fd66bf7", "id": 2}, {"size": 9, "snippet_links": [{"key": "revolving-credit-advances", "type": "clause", "offset": [20, 45]}, {"key": "lender-may", "type": "definition", "offset": [73, 83]}, {"key": "from-time-to-time", "type": "clause", "offset": [84, 101]}, {"key": "sole-and-absolute-discretion", "type": "definition", "offset": [109, 137]}, {"key": "during-the-term", "type": "clause", "offset": [138, 153]}, {"key": "to-borrower", "type": "definition", "offset": [169, 180]}, {"key": "lesser-of", "type": "definition", "offset": [191, 200]}, {"key": "inventory-advance-rate", "type": "definition", "offset": [229, 251]}, {"key": "the-value", "type": "clause", "offset": [257, 266]}, {"key": "basis-of", "type": "clause", "offset": [312, 320]}], "snippet": "means the amount of Revolving Credit Advances against Eligible Inventory Lender may from time to time in its sole and absolute discretion during the Term make available to Borrower up to the lesser of (a) $1,000,000 or (b) 40% (\"Inventory Advance Rate\") of the value of the Eligible Inventory (calculated on the basis of the lower of cost or market, on a first-in first-out basis).", "samples": [{"hash": "963LRrjuPA3", "uri": "/contracts/963LRrjuPA3#inventory-availability", "label": "Financing Agreement (Transtexas Gas Corp)", "score": 15.0, "published": true}], "hash": "5b114437e5f74e17dc1b260333dc8fc2", "id": 3}, {"size": 8, "snippet_links": [{"key": "section-21", "type": "clause", "offset": [32, 43]}], "snippet": "shall have the meaning given in Section 2.1 hereof.", "samples": [{"hash": "45JIP3NfnTm", "uri": "/contracts/45JIP3NfnTm#inventory-availability", "label": "Financing Agreement (Brekford Corp.)", "score": 25.402463913, "published": true}, {"hash": "3XRLCHAAkXU", "uri": "/contracts/3XRLCHAAkXU#inventory-availability", "label": "Financing Agreement (Energy Focus, Inc/De)", "score": 23.2423000336, "published": true}, {"hash": "d7CzHNAASyP", "uri": "/contracts/d7CzHNAASyP#inventory-availability", "label": "Financing Agreement (Essential Reality Inc)", "score": 18.0, "published": true}], "hash": "3b67d45bc93f4a14f1fc414f6453610b", "id": 4}, {"size": 5, "snippet_links": [{"key": "time-of-determination", "type": "clause", "offset": [14, 35]}, {"key": "equal-to", "type": "definition", "offset": [47, 55]}, {"key": "sum-of", "type": "clause", "offset": [60, 66]}, {"key": "definition-of-borrowing-base", "type": "clause", "offset": [85, 113]}, {"key": "pursuant-to-section", "type": "definition", "offset": [163, 182]}], "snippet": "means, at any time of determination, an amount equal to the sum of clause (d) of the definition of Borrowing Base, less the corresponding Reserves applied thereto pursuant to Section 1.2.", "samples": [{"hash": "3NXFCj6GJut", "uri": "/contracts/3NXFCj6GJut#inventory-availability", "label": "Loan and Security Agreement (Nine Energy Service, Inc.)", "score": 37.1861738535, "published": true}, {"hash": "8cGExHxzyyc", "uri": "/contracts/8cGExHxzyyc#inventory-availability", "label": "Senior Secured Superpriority Asset Based Debtor in Possession Loan and Security Agreement (Nine Energy Service, Inc.)", "score": 37.0985641479, "published": true}, {"hash": "4T5zUYGFCKI", "uri": "/contracts/4T5zUYGFCKI#inventory-availability", "label": "Loan and Security Agreement (Nine Energy Service, Inc.)", "score": 37.0876121521, "published": true}], "hash": "303b053a758afd648f12b75749e9f86f", "id": 5}, {"size": 5, "snippet_links": [{"key": "revolving-credit-advances", "type": "clause", "offset": [20, 45]}, {"key": "lender-may", "type": "definition", "offset": [73, 83]}, {"key": "from-time-to-time", "type": "clause", "offset": [84, 101]}, {"key": "during-the-term", "type": "clause", "offset": [102, 117]}, {"key": "available-to", "type": "definition", "offset": [123, 135]}, {"key": "inventory-advance-rate", "type": "definition", "offset": [161, 183]}, {"key": "basis-of", "type": "clause", "offset": [203, 211]}, {"key": "at-any-time", "type": "clause", "offset": [313, 324]}, {"key": "lesser-of", "type": "definition", "offset": [341, 350]}, {"key": "outstanding-loans", "type": "clause", "offset": [392, 409]}], "snippet": "means the amount of Revolving Credit Advances against Eligible Inventory Lender may from time to time during the Term make available to Borrowers based upon the Inventory Advance Rate (calculated on the basis of the lower of cost or market, on a first-in first-out basis) but which shall not, in any event exceed at any time outstanding the lesser of (i) $4,000,000, and (ii) 50% of the then outstanding Loans.", "samples": [{"hash": "dlRksQZXI5K", "uri": "/contracts/dlRksQZXI5K#inventory-availability", "label": "Loan and Security Agreement (General Bearing Corp)", "score": 18.0, "published": true}], "hash": "2bbfff8853eb33380a28cf38e92b2974", "id": 6}, {"size": 4, "snippet_links": [{"key": "revolving-credit-advances", "type": "clause", "offset": [20, 45]}, {"key": "from-time-to-time", "type": "clause", "offset": [84, 101]}, {"key": "during-the-term", "type": "clause", "offset": [102, 117]}, {"key": "to-the-company", "type": "definition", "offset": [133, 147]}, {"key": "lesser-of", "type": "definition", "offset": [158, 167]}, {"key": "value-of-eligible-inventory", "type": "clause", "offset": [219, 246]}, {"key": "orderly-liquidation-value", "type": "clause", "offset": [266, 291]}, {"key": "fifty-percent", "type": "definition", "offset": [301, 314]}, {"key": "accounts-availability", "type": "definition", "offset": [328, 349]}, {"key": "the-inventory", "type": "clause", "offset": [433, 446]}], "snippet": "means the amount of Revolving Credit Advances against Eligible Inventory Laurus may from time to time during the Term make available to the Company up to the lesser of (a) $800,000, (b) up to forty percent (40%) of the value of Eligible Inventory (calculated at its orderly liquidation value) and (c) fifty percent (50%) of the Accounts Availability; provided, however, until such time as Laurus shall have completed an appraisal of the Inventory, which appraisal shall be completed no later than August 31, 2003, the Inventory Availability shall be zero ($0).", "samples": [{"hash": "g2xVZgsAVnS", "uri": "/contracts/g2xVZgsAVnS#inventory-availability", "label": "Security Agreement (Digital Angel Corp)", "score": 21.0, "published": true}, {"hash": "2XJSTynVTLv", "uri": "/contracts/2XJSTynVTLv#inventory-availability", "label": "Security Agreement (Digital Angel Corp)", "score": 21.0, "published": true}, {"hash": "hY7j37oUcam", "uri": "/contracts/hY7j37oUcam#inventory-availability", "label": "Security Agreement (Digital Angel Corp)", "score": 19.0, "published": true}], "hash": "57eb1c9ececf7ace05049ac1aacacc0e", "id": 7}, {"size": 3, "snippet_links": [{"key": "the-value", "type": "clause", "offset": [36, 45]}, {"key": "eligible-inventory", "type": "clause", "offset": [60, 78]}, {"key": "basis-of", "type": "clause", "offset": [98, 106]}], "snippet": "means up to thirty percent (30%) of the value of Companies' Eligible Inventory (calculated on the basis of the lower of cost or market, on a first-in first-out basis).", "samples": [{"hash": "fpqlPdxrwhq", "uri": "/contracts/fpqlPdxrwhq#inventory-availability", "label": "Security Agreement (Netfabric Holdings, Inc)", "score": 18.0, "published": true}, {"hash": "cnIGHL6DjQH", "uri": "https://xcelbrands.gcs-web.com/static-files/3d652ecf-e211-46e0-a16c-0fbde7d546cd", "label": "xcelbrands.gcs-web.com", "score": 14.7593069077, "published": false}, {"hash": "5cllb7AmEqC", "uri": "http://ir.xcelbrands.com/static-files/3d652ecf-e211-46e0-a16c-0fbde7d546cd", "label": "ir.xcelbrands.com", "score": 9.021903038, "published": false}], "hash": "dce9e5c1a9d1a0ef1b00cb5f64f665a9", "id": 8}, {"size": 3, "snippet_links": [{"key": "the-term", "type": "definition", "offset": [0, 8]}], "snippet": "The term \"Inventory Availability\" shall have the meaning given such term in SUPPLEMENT A.", "samples": [{"hash": "inWqTFY0Kmp", "uri": "/contracts/inWqTFY0Kmp#inventory-availability", "label": "Credit and Security Agreement (Cryenco Sciences Inc)", "score": 18.0, "published": true}, {"hash": "9DLPrd9OUvw", "uri": "/contracts/9DLPrd9OUvw#inventory-availability", "label": "Credit and Security Agreement (Lifecore Biomedical Inc)", "score": 18.0, "published": true}], "hash": "564c3ba77f947368a31b297c518a0836", "id": 9}, {"size": 3, "snippet_links": [], "snippet": "shall have the meaning given such term in SUPPLEMENT A.", "samples": [{"hash": "inWqTFY0Kmp", "uri": "/contracts/inWqTFY0Kmp#inventory-availability", "label": "Credit and Security Agreement (Cryenco Sciences Inc)", "score": 18.0, "published": true}, {"hash": "9DLPrd9OUvw", "uri": "/contracts/9DLPrd9OUvw#inventory-availability", "label": "Credit and Security Agreement (Lifecore Biomedical Inc)", "score": 18.0, "published": true}], "hash": "bf62865a4571a2c92dbc85192cc71411", "id": 10}], "next_curs": "CmMSXWoVc35sYXdpbnNpZGVyY29udHJhY3Rzcj8LEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIfaW52ZW50b3J5LWF2YWlsYWJpbGl0eSMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"size": 115, "title": "Inventory Availability", "snippet": "means up to the lesser of (a) twenty percent (20%) of the value of Companies\u2019 Eligible Inventory (calculated on the basis of the lower of cost or market, on a first-in first-out basis) and (b) One Million Dollars ($1,000,000).", "id": "inventory-availability", "examples": ["For the purposes of determining the Domestic Accounts Availability, <strong>Inventory Availability</strong>, M&amp;E Availability, Real Property Availability, SOFA Availability and Foreign Accounts Availability hereunder, all Reserves shall be deemed to first apply to Domestic Accounts Availability."], "related": [["borrowing-base-availability", "Borrowing Base Availability", "Borrowing Base Availability"], ["average-daily-availability", "Average Daily Availability", "Average Daily Availability"], ["general-availability", "General Availability", "General Availability"], ["system-availability", "System Availability", "System Availability"], ["required-availability", "Required Availability", "Required Availability"]], "related_snippets": [], "updated": "2026-03-14T06:33:37+00:00"}, "json": true, "cursor": ""}}