Liquid Inventory definition
Liquid Inventory as to the Guarantor and its consolidated Subsidiaries at any time, its inventory at such time of commodities which are traded on any recognized commodities exchange, valued depending on the type of such commodity at either (a) the lower of cost or the market value at such time or (b) the market value at such time.
Liquid Inventory means, as to the Guarantor and its consolidated Subsidiaries at any time, its inventory at such time of commodities which are traded on any recognized commodities exchange, valued depending on the type of such commodity at either (a) the lower of cost or the market value at such time or (b) the market value at such time.
Liquid Inventory means, as to the Guarantor and its Subsidiaries at any date of determination, its inventory at such date of determination of commodities which are traded on any recognized commodities exchange, valued in accordance with prevailing market practices applicable to the type of such commodity at either (a) the lower of cost and the market value at such date of determination or (b) the market value at such date.