Inventory Limit definition

Inventory Limit means, as of each date of determination of the Borrowing Base, an amount equal to 75% of the revenues of Borrower and its Subsidiaries for the then most recently ending three month period for which Borrower has reported such revenues on its latest Borrowing Base Certificate.

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Inventory Limit means $150,000,000 (subject to an upward adjustment on a dollar for dollar basis not to exceed $200,000,000 upon any increase in the Revolving Commitments pursuant to Section 2.24 hereof).

Inventory Limit and "Working Capital Amount" are hereby inserted into Appendix A to the Loan Agreement.

Examples of Inventory Limit in a sentence

Upon satisfaction of the conditions set forth in this Section 17.15(c), Agent shall execute and deliver an Applicable Inventory Limit Reduction Letter to Administrative Borrower and the applicable Plant Loan Party setting forth the amount of the permanently reduced Applicable Inventory Limit for such Plant Loan Party.
Under low system demand conditions, the potential is greater that forecast variations must be absorbed by the pipeline inventory; therefore, the Upper Pipeline Inventory Limit is set lower to allow for this greater variability without jeopardizing operations.
Under higher system demand conditions, forecast variations are often managed by supply or storage withdrawal adjustments, so the Upper Pipeline Inventory Limit can be set higher.
The Upper Pipeline Inventory Limit is set to allow for variations in supply or usage forecasts.
All Product purchases by CellStar from the Manufacturers shall be applied against the Inventory Limit (as defined in Section 6) until sold by CellStar.
A request for a Floorplan Inventory Loan shall be made, or shall be deemed to be made, in the following manner, subject to the Floorplan Inventory Limit: Borrower may give Administrative Agent written notice of its intention to borrow, in which notice Borrower shall specify the amount of the proposed borrowing and the proposed borrowing date.
If the level of CellStar owned inventory of handset Product exceeds the Inventory Limit as of November 15, 2002, then such excess Product shall be immediately subject to the ▇▇▇▇ and Hold procedures on a "first in, first out" basis.
PG&E will issue an OFO for a Gas Day if, on the day prior to this Gas Day, PG&E’s forecast of pipeline inventory for the Gas Day is either below the Lower Pipeline Inventory Limit or above the Upper Pipeline Inventory Limit, as provided in Sections C.2.c through f below.
Notwithstanding Cricket Forecasts, once the current inventory level is reduced, then beginning November 15, 2002, CellStar shall not be obligated to maintain an inventory of CellStar owned Cricket Product of more than $[*] of handset Products in the aggregate, of which no more than $[*] in the aggregate can be handset Product other than Motorola handset Product (the "Inventory Limit").
In the event Lender has not received an executed Agreement re License in the form of Schedule 2.5A from each of the licensors listed on Schedule 2.5B on or before March 31, 2001, Lender may reduce the Licensed Inventory Limit in its good faith discretion.

More Definitions of Inventory Limit

Inventory Limit means $100,000,000.

Inventory Limit has the meaning set forth in Section 1. Liens has the meaning set forth in Section 5(a).

Inventory Limit means $22,500,000 for the first six months after the Closing Date, and at any time thereafter means the lesser of (a) $22,500,000 or (b) the outstanding amount of Loans advanced at such time in respect of Eligible Accounts.

Inventory Limit means the lesser of (a) sixty percent (60%) of the Revolving Credit Commitments, and (b) $175,000,000; provided that if there is a Commitment Increase pursuant to Section 2.1(h), then such $175,000,000 amount shall be increased by an amount equal to 50% of such Commitment Increase.

Inventory Limit means $130,000,000.

Inventory Limit means $80,000,000.