Inventory Loans definition

Inventory Loans means the Loans described in Section 2(b) of the Schedule.

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Inventory Loans has the meaning set forth in the Schedule.

Inventory Loans has the meaning set forth on the Schedule.

Examples of Inventory Loans in a sentence

• Regardless of the amount of Obligations that may be outstanding from time to time, Borrower shall pay Coast Minimum Monthly Interest during the term of this Agreement with respect to the Receivable Loans and the Inventory Loans in the amount set forth on the Schedule.

• Borrower hereby grants to Secured Party a continuing security interest in all of its right, title and interest in, to and under all Accounts, Current Accounts, Books, Chattel Paper, Contracts, Documents, Equipment, Fixtures, General Intangibles, Inventory, Loans and Proceeds (collectively, the "Collateral").

• Regardless of the amount of Obligations that may be outstanding from time to time, Borrower shall pay Coast minimum monthly interest during the term of this Agreement with respect to the Receivable Loans and the Inventory Loans in the amount set forth on the Schedule (the "Minimum Monthly Interest").

• The Credit Facility shall be available in the form of Floorplan Inventory Loans and Revolving Credit Loans.

• The aggregate principal balance of Inventory Loans, Working Capital Loans and outstanding Approvals shall not exceed the lesser of the applicable Credit Limit or the Borrowing Base.

More Definitions of Inventory Loans

Inventory Loans. All Inventory Loans with respect to which a Free Floor period applies, shall be paid at the end of the Free Floor period end date. Inventory Loans without a Free Floor period, shall be paid 30 days after its Start Date.

Inventory Loans means Loans secured in whole or in part by --------------- Inventory.

Inventory Loans means collectively each Revolving Loan disbursed by Lender directly to Vendors solely for the acquisition of Inventory subject to an Approval by Borrower from the Vendors.

Inventory Loans. Inventory Overadvances", "Tranche A Inventory Loan Limit", "Tranche B Inventory Loan Limit", "Super Tranche B Default", or "Reserves" insofar as such definitions affect the substance of this Section 11.2. Furthermore, no amendment, modification, termination or waiver affecting the rights or duties of either Agent or Oversight Agent under this Agreement or any other Loan Document shall be effective unless in writing and signed by Agent or Oversight Agent, as the case may be, in addition to Lenders required hereinabove to take such action. Each amendment, modification, termination or waiver shall be effective only in the specific instance and for the specific purpose for which it was given. No amendment, modification, termination or waiver shall be required for Agent to take additional Collateral pursuant to any Loan Document. No amendment, modification, termination or waiver of any provision of any Note shall be effective without the written concurrence of the holder of that Note. No notice to or demand on any Credit Party in any case shall entitle such Credit Party or any other Credit Party to any other or further notice or demand in similar or other circumstances. Any amendment, modification, termination, waiver or consent effected in accordance with this Section 11.2 shall be binding upon each Lender.

Inventory Loans means Revolving Loans advanced against the Eligible Inventory portion of the Borrowing Base.

Inventory Loans. A revolving line of credit consisting of loans against Borrower's Eligible Inventory ("Inventory Loans") in an aggregate outstanding principal amount not to exceed the lesser of (a) the amount obtained when the Advance Rate is multiplied by the value of Borrower's Eligible Inventory, calculated at the lower of cost or market and determined on a first-in, first-out basis; or (b) Twenty-Five Million Dollars ($25,000,000). The Advance Rate shall equal (i) sixty-five percent (65%) during the period commencing on the Sixth Amendment Effective Rate through December 31, 1996, and (ii) fifty percent (50%) during the period commencing January 1 through March 31 of each year thereafter, fifty-five percent (55%) during the period commencing April 1 through May 31 of each year thereafter, and sixty percent (60%) during the period commencing June 1 through December 31 of each year thereafter; and

Inventory Loans has the meaning set forth in Section 1.2 on the Schedule.