Inventory Threshold definition

Inventory Threshold has the meaning set forth in Section 3.3(c).

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Inventory Threshold an amount equal to twenty percent (20%) or more of the value of all of the Borrower’s and Subsidiary Guarantors’ inventory (valued at cost).

Inventory Threshold means, as of any date of determination, the greater of (a) $20,000,000, and (b) the lesser of (i) $22,500,000, and (ii) the sum of (y) $20,000,000, plus (z) the aggregate amount of M&E Depreciation Amounts that have resulted in a reduction to the amount set forth in clause (a) of the definition of M&E Component since the Effective Date.

Examples of Inventory Threshold in a sentence

The Consolidated Inventory Amount of the Loan Parties shall at all times be no less than the Inventory Threshold Amount.
Accordingly, the Parties agree that each Purchaser's Initial Purchase Price shall be further adjusted (in accordance with such Purchaser's Proportionate Share) by the difference between the Inventory Threshold and the book value of Inventory as of the Closing (determined in the same manner as the initial valuation of the Inventory for determining the Inventory Threshold) (the "Inventory Value").
The Initial Purchase Price shall be (i) increased by the amount by which the Inventory Value exceeds the Inventory Threshold, or (ii) decreased by the amount by which the Inventory Value is less than the Inventory Threshold.
Each Purchaser's Initial Purchase Price (in accordance with such Purchaser's Proportionate Share) shall be (i) increased by the amount by which the Inventory Value exceeds the Inventory Threshold, or (ii) decreased by the amount by which the Inventory Value is less than the Inventory Threshold.
The Parties agree that the aggregate Initial Purchase Price assumes a quantity of the STP Ownership Share of Nuclear Fuel Inventory to be included in the Purchased Assets, and value thereof as of the Closing, which is represented by Thirty-One Million Nine Hundred Forty-Nine Thousand Six Hundred Seventy-Seven Dollars (U.S. $31,949,677) (the "Nuclear Fuel Inventory Threshold") of book value thereof as set forth on Schedule 3.3(d).
Each Purchaser's Initial Purchase Price (in accordance with such Purchaser's Proportionate Share) shall be (i) increased by the amount by which the Nuclear Fuel Inventory Value exceeds the Nuclear Fuel Inventory Threshold, or (ii) decreased by the amount by which the Nuclear Fuel Inventory Value is less than the Nuclear Fuel Inventory Threshold.
The Transaction Expert is not to make any determination other than the Closing Inventory, including any determination as to whether the Inventory Threshold is correct.
To the extent that the value (as determined pursuant to the terms hereof) of the Purchased Inventory delivered to Purchaser’s Warehouse, is equal to or greater than the Purchased Inventory Threshold, no adjustment shall be made.
There shall be no adjustment to the Initial Purchase Price pursuant to this SECTION 3.2(c) unless the difference between the Inventory Threshold and the Inventory Value exceeds One Hundred and Fifty-Five Thousand Dollars ($155,000).
The Inventory Value shall be determined in the same manner as the initial valuation of the Purchased Inventory for determining the Inventory Threshold (the "Inventory Accounting Policies") which in each case shall exclude from inventory any parts procured and obtained with the intent to be consumed in a scheduled major maintenance event (including, without limitation, combustion inspections and hot gas path inspections).

More Definitions of Inventory Threshold

Inventory Threshold means $10,000,000.

Inventory Threshold means, as of any date of determination, the greater of (a) $17,500,000 and (b) the lesser of (i) $20,000,000 and (ii) the sum of

Inventory Threshold the meaning specified in Section 3(a). Knowledge: an individual party hereto shall be deemed to have “Knowledge” of a particular fact or other matter if said party is actually aware of such fact or other matter. A party other than an individual shall be deemed to have “Knowledge” of a particular fact or other matter if the person having such knowledge is an officer of such party and has the ability to direct the management and policies of such party through his or her position and such party has knowledge of such fact or matter that relates to responsibilities within his or her direct control.

Inventory Threshold shall have the meaning ascribed to such term in Section 2.6(b) hereof.

Inventory Threshold shall have the meaning specified in Section 10.8(f).

Inventory Threshold has the meaning assigned to such term in the definition of ‘Landlord Acknowledgments’.