Inventory Loan Limit definition

Inventory Loan Limit means, as to each Borrower, at any time, the amount equal to $7,500,000 minus the then outstanding principal amount of Revolving Loans to the other Borrowers based on Eligible Inventory (and including Letters of Credit to the extent provided in the definition of the term Borrowing Base), except that until such time as Borrower has obtained an appraisal of the Inventory acceptable to Lender in its discretion, the Inventory Loan Limit shall be $750,000.

Inventory Loan Limit means $100,000,000.

Inventory Loan Limit means $20,000,000.

Examples of Inventory Loan Limit in a sentence

• For purposes only of applying the Inventory Loan Limit, Agent may treat the then undrawn amounts of outstanding Letters of Credit for the purpose of purchasing Eligible Inventory as Revolving Loans to the extent Agent is in effect basing the issuance of the Letter of Credit on the Value of the Eligible Inventory being purchased with such Letter of Credit.

• For purposes only of applying the Inventory Loan Limit, Agent may treat the then undrawn amounts of outstanding Letter of Credit Accommodations for the purpose of purchasing Eligible Inventory as Loans to the extent Agent is in effect basing the issuance of the Letter of Credit Accommodations on the Value of the Eligible Inventory being purchased with such Letter of Credit Accommodations.

• For purposes only of applying the Inventory Loan Limit, Agent may treat the then undrawn amounts of outstanding Letter of Credit Accommodations for the purpose of purchasing Eligible Inventory as Revolving Loans to the extent Agent is in effect basing the issuance of the Letter of Credit Accommodations on the Value of the Eligible Inventory being purchased with such Letter of Credit Accommodations.

• For purposes only of applying the Inventory Loan Limit, Agent may treat the then undrawn amounts of outstanding Letter of Credit Accommodations issued for the purpose of purchasing Eligible Inventory as Loans to the extent Agent is in effect basing the issuance of the Letter of Credit Accommodations on the Value of the Eligible Inventory being purchased with such Letter of Credit Accommodations.

• The following Table applies where an Appendix 1B employee transfers to a position already classified in Appendix 1A and where the rate of pay for the employee’s Appendix 1B position falls within the minimum/maximum pay points of the Appendix 1A grade.

More Definitions of Inventory Loan Limit

Inventory Loan Limit means $90,000,000.

Inventory Loan Limit means, at any time, the amount equal to fifty percent (50%) of the Maximum Credit.

Inventory Loan Limit means $60,000,000.

Inventory Loan Limit means $30,000,000.

Inventory Loan Limit as set forth in Section 1.62 of the Loan Agreement is hereby amended and restated in its entirety as follows:

Inventory Loan Limit means the amount of $8,000,000.

Inventory Loan Limit means, at any time, the amount equal to $35,000,000.