Inventory Cap Amount definition
Inventory Cap Amount means, for each Contract Year set forth below, the dollar amount corresponding thereto: First Contract Year $ 50.0 million Second Contract Year $ 55.0 million Third Contract Year $ 60.0 million Fourth Contract Year $ 65.0 million Fifth Contract Year and each Contract Year thereafter $ 70.0 million Investment Policies shall mean the written investment policies and procedures of the Companies in effect on the Closing Date as set forth in Schedule 1.1(b) attached to this Financing Agreement Investment Property shall mean all of the Companies’ present and hereafter acquired investment property (as defined in the UCC), and all Proceeds thereof; provided, however, with respect to the Capital Stock of any Subsidiary of Under Armour, investment property shall only include 100% of the Capital Stock of each Domestic Subsidiary that is owned by Under Armour or by any Domestic Subsidiary of Under Armour. Issuing Bank shall mean any one or more of Wachovia Bank, National Association, ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Bank, N.A., Bank of America, N.A., as selected by the Agent from time to time in its discretion, or such other bank selected by the Agent, and, if no Default or Event of Default exists, approved by the Funds Administrator (which approval shall not be unreasonably withheld or delayed) that issues a Letter of Credit for a Company.
Inventory Cap Amount means, at any time of determination thereof, an amount equal to ninety-two percent (92%) of the sum of (a) the aggregate amount of the Revolving Commitments of all the Revolving Lenders at such time plus (b) the outstanding aggregate principal balance of the Term Loans at such time.
Inventory Cap Amount means, at any time of determination thereof, an amount equal to $90,000,000.” “‘LC Sublimit’ means (i) at all times prior to the date which is sixty (60) days following the cessation of uranium enrichment at the Paducah Facility, $50,000,000, and (ii) at all times from and after the date which is sixty (60) days following the cessation of uranium enrichment at the Paducah Facility, $25,000,000.”