Inventory Line of Credit definition

Inventory Line of Credit means the aggregate amount at any given time of Advances calculated with respect to the value of Eligible Inventory pursuant to the Inventory Borrowing Base, as the amount thereof may change from time to time. (The Inventory Line of Credit is and shall be secured by all the Collateral.)
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Inventory Line of Credit means the line of credit against which Advances will be made with reference to the amount applicable under U1e Inventory Borrowing Base. (The Inventory Line of Credit is and shall be secured by all the Collateral.)
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Examples of Inventory Line of Credit in a sentence

  • Borrower shall draw all available funds under the A/R Borrowing Base under the A/R Line of Credit prior to drawing any available funds under the Inventory Borrowing Base under the Inventory Line of Credit.

  • Advances under the Inventory Line of Credit or RTO Term Loan for Inventory will be limited to the lesser of (i) the cost of the Inventory acquired by the Franchisee; (ii) the amount of the Franchisee’s applicable Credit Limit; or (iii) the amount of the Franchisee’s RTO Advance Limit.

  • Signature (Seal) Addendum A Pursuant to this Addendum A to Loan and Security Agreement (this “Addendum”), the foregoing Loan and Security Agreement (Accounts Receivable & Inventory Line of Credit) (the “Agreement”) by and between BFI Business Finance (“Lender”) and GREAT AMERICAN GROUP ADVISORY & VALUATION SERVICES, LLC (“Borrower”) is hereby amended and/or supplemented by the terms and conditions set forth below.

  • Signature of Contractor: City EngineerRajkot Municipal CorporationRajkotDate Section-1(Instruction to Bidders) Rajkot Municipal CorporationCONSTRUCTION OF 4 LANE (2 LANE + 2 LANE) FLYOVER BRIDGE AT NANA MAVA ROAD CROSSING ON 150 FT RING ROAD (BRTS CORRIDOR) AT RAJKOT DISCLAIMER 1.

  • All Advances against Inventory under the Inventory Line of Credit hereunder shall bear interest, on the Daily Balance, at a per annum rate of seven point two five percent (7.25%).

  • The Inventory Line of Credit is a discretionary line of credit and CPC has no obligation to make an Advance under such line of credit even if no Default has occurred under the terms of this Agreement.

  • The Framework sets out a range of options for pursuing regionalism, including coordination, cooperation, collaboration, harmonisation, economic integration, and institutional integration; and processes for priority setting.

  • Notwithstanding the amount of the Franchisee’s applicable Credit Limit(s), the total amount of credit available under a Franchisee’s Inventory Line of Credit and RTO Term Loan (collectively, the “RTO Receivables”) shall be limited to the product of the Franchisee’s Average Monthly Revenue multiplied by five (such advance limit established for each Franchisee is referred to herein as its “RTO Advance Limit”).

  • In addition, we have and outstanding balance of $2,405,000 under our existing Inventory Line of Credit with Esenjay and $2,595,000 available for future draws.

  • During the 1990s and 2000s, the control of disorder in the urban leisure spaces of the night time economy emerged as a prominent theme in both academic research and public discourse (Hadfield, Lister & Traynor 2009).

Related to Inventory Line of Credit

  • Equity Line of Credit shall have the meaning ascribed to such term in Section 4.13.

  • Line of Credit mean the credit facility described in the Section titled "LINE OF CREDIT" below.

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

  • Line of Credit Note shall have the meaning given the term in Section 2.1.a.

  • Conduit Inventory Loan shall have the meaning assigned to such term in Section 14(d).

  • Letter of Credit Accommodations means the letters of credit, merchandise purchase or other guaranties which are from time to time either (a) issued or opened by Lender for the account of Borrower or any Obligor or (b) with respect to which Lender has agreed to indemnify the issuer or guaranteed to the issuer the performance by Borrower of its obligations to such issuer.

  • Credit Line as defined in Section 2.1.

  • Inventory Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(ii) hereof.

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Total Extensions of Credit at any time, the aggregate amount of the Extensions of Credit of the Lenders outstanding at such time.

  • Commercial Letters of Credit means those letters of credit subject to the UCP payable in Dollars and issued or caused to be issued by Lender on behalf of Borrower under a Loan Facility for the benefit of a supplier(s) of Borrower in connection with Borrower's purchase of goods or services from the supplier in support of the export of the Items.

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Agent maintained at the office of the Agent at 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the "Family Golf Centers, Inc. Letter of Credit Account" that shall be used solely for the purposes set forth in Sections 2.02(b) and 2.10(a) and (c).

  • Letter of Credit Liabilities means, for any Bank and at any time, such Bank's ratable participation in the sum of (x) the amounts then owing by the Borrower in respect of amounts drawn under Letters of Credit and (y) the aggregate amount then available for drawing under all Letters of Credit.

  • Letter of Credit Limit means $5,000,000.

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • Supporting Letter of Credit has the meaning specified in Section 1.3(g).

  • Committed Equipment Line means a credit extension of up to Three Million Dollars ($3,000,000.00).

  • Borrowing Base Properties means the Oil and Gas Properties of the Loan Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 8.12.

  • Letter of Credit Liability means the sum of (x) aggregate amount of the undrawn stated amount of all outstanding Letters of Credit plus (y) the amount drawn under Letters of Credit for which the Letter of Credit Issuer and the Lenders, or any one or more of them, have not yet received payment or reimbursement (in the form of a conversion of such liability to Loans, or otherwise) as required pursuant to Section 2.8.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Existing Letters of Credit means the letters of credit issued and outstanding under the Existing Credit Agreement as set forth on Schedule 2.22.

  • Letter of Credit Obligations means all outstanding obligations incurred by Agent and Lenders at the request of Borrower, whether direct or indirect, contingent or otherwise, due or not due, in connection with the issuance of Letters of Credit by Agent or another L/C Issuer or the purchase of a participation as set forth in Annex B with respect to any Letter of Credit. The amount of such Letter of Credit Obligations shall equal the maximum amount that may be payable by Agent or Lenders thereupon or pursuant thereto.

  • Trade Letters of Credit shall have the meaning assigned to such term in Section 2.05(a).

  • Credit Improved Obligation means any Collateral Debt Obligation which, in the Investment Manager’s judgment, has significantly improved in credit quality and in respect of which one of the following is satisfied: