Inventory Cap definition

Inventory Cap means fifty percent (50%) of the amount of the Borrowing Base Limitation.

Inventory Cap means Twenty Five Million Dollars ($25,000,000).

Inventory Cap means the amount of FIVE MILLION ------------- AND NO/100 DOLLARS ($5,000,000.00) during the period commencing as of the Closing Date and continuing through the Revolving Credit Termination Date.

Examples of Inventory Cap in a sentence

• The Guarantor hereby acknowledges and agrees to the increase in the amount of maximum credit extended to Borrower pursuant to the Amendment and acknowledges and agrees that the Guarantee applies to the Obligations owed by Borrower under and pursuant to the Loan Agreement, as amended by the Amendment, including, without limitation, the increase in the definitions of Inventory Cap Adjustment and Maximum Credit to $30,000,000 and $60,000,000 respectively.

• The Bank, in its sole discretion, reserves the right upon 30 days prior written notice to the Borrower to increase or decrease the foregoing percentages or the Inventory Cap.

• The strong connection high- lights the importance of solar forcing in predicting future AM changes, which will affect almost two thirds of the world population.

• For the avoidance of doubt, (i) the Inventory Service shall conduct the 340B Replenishment and Released Inventory using the categories and cost factors listed in the Inventory Instructions, (ii) the 340B Replenishment and Released Inventory shall be subject to the Inventory Cap, and (iii) Buyer and Seller shall cause the Inventory Service to use commercially reasonable efforts to complete the Second Inventory on the date the Second Inventory is commenced.

• By an order of the Government in Council of United Provinces, the Department of Legal Studies became a separate single department /Faculty of the University along with the Faculties of Arts, Sciences and Commerce in the Muir College campus of the University.

More Definitions of Inventory Cap

Inventory Cap has the meaning ascribed to it in the definition of "Borrowing Base".

Inventory Cap means, initially, $10,000,000; provided, that, (x) after the first anniversary of the Closing Date, such cap may be increased to $15,000,000 to the extent the following conditions have been met: (i) Agent (or, during any Third Party Agent Retention Period, the Third Party Agent) shall have received an appraisal detailing the value of Borrowers’ Intellectual Property, in scope and with results acceptable to Agent (and, during any Third Party Agent Retention Period, also the Third Party Agent) and (ii) Borrowers’ shall have achieved TTM EBITDA of greater than $0 for two consecutive fiscal quarters and (y) the Inventory Cap shall be reduced to $0 in the event that Market Capitalization of Endologix is less than $200,000,000.

Inventory Cap shall have the meaning set forth in Section 2.1(a) hereof.

Inventory Cap means up to the sum of $3,500,000.00 for the months of January through and including May each calendar year and $4,500,000.00 for the months June through and including December of each calendar year.

Inventory Cap. Inventory Sublimit", "Net Recovery Rate" and "Value" are each added to Section 1 of the Loan Agreement in their appropriate respective alphabetical order, as follows:

Inventory Cap means $1,000,000.

Inventory Cap means, during the calendar months of each fiscal year described below, the amount set forth opposite such calendar month: Month January, February $1,000M March $1,500M April $2,500M May $4,000M June, July, August $4,500M September, $4,000M October, November December $2,000M