Liquidation Revenue definition
Liquidation Revenue means gross proceeds from the sale of inventory through sample sales, third party inventory liquidation partnerships, clearance sales or other similar methods. “Liquidity” shall mean an amount equal to the sum of (a) Qualified Cash plus (b) Qualified Cash Equivalents plus (c) availability under the Senior Credit Agreement. “Loan” shall mean a Term Loan. “Loan Account” shall mean an account maintained hereunder by the Agent on its books of account at the Principal Office and with respect to the Borrower, in which it will be charged with all Loans made to, and all other Indebtedness incurred by the Credit Parties. “Loan Documents” shall mean, collectively, this Agreement, the Fee Letter, the Notes (if issued), the Disbursement Letter, the Guaranty, the Specified Subordination Agreement (if any), the Subordination Agreements, the Collateral Documents, the Perfection Certificate, the UCC Filing Authorization Letter and any other documents, certificates or agreements that are executed and required to be delivered pursuant to any of the foregoing documents, as such documents may be amended, restated or otherwise modified from time to time.
Liquidation Revenue means gross proceeds from the sale of inventory through sample sales, third party inventory liquidation partnerships, clearance sales or other similar methods.