Net Liquidation Percentage definition

Net Liquidation Percentage means the percentage of the book value of Borrowers’ Inventory that is estimated to be recoverable in an orderly liquidation of such Inventory net of all associated costs and expenses of such liquidation, such percentage to be as determined from time to time by an appraisal company selected by Agent.

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Net Liquidation Percentage means the percentage of the book value of Borrower's Inventory that is estimated to be recoverable in an orderly liquidation of such Inventory net of all associated costs and expenses of such liquidation, such percentage to be as determined from time to time by a qualified appraisal company selected by Lender.

Net Liquidation Percentage means the percentage of the value of Eligible Inventory that is estimated to be recoverable in an orderly liquidation of such Eligible Inventory, net of all associated costs and expenses estimated to be incurred in liquidation, such percentage to be as determined from time to time by an appraisal company selected by the Administrative Agent and the Collateral Agents and pursuant to an appraisal report acceptable to the Administrative Agent and the Collateral Agents (on which report the Administrative Agent and the Collateral Agents are expressly permitted to rely).

Examples of Net Liquidation Percentage in a sentence

In addition to the foregoing, Agent shall have the right to have the Inventory reappraised by a qualified appraisal company selected by Agent from time to time after the Closing Date for the purpose of redetermining the Net Liquidation Percentage of the Eligible Inventory portion of the Collateral and, as a result, redetermining the Borrowing Base.
In addition to the foregoing, Lender shall have the right to have the Borrower's Inventory reappraised by a qualified appraisal company selected by Lender from time to time after the Closing Date for the purpose of re-determining the Net Liquidation Percentage of Borrower's Inventory and, as a result, re-determining the Borrowing Base; provided, that unless an Event of Default has occurred, Borrower shall reimburse Lender for no more than one appraisal in any calendar year.
At Agent's option, Net Liquidation Percentage may be calculated separately for different categories of Inventory.
In addition to the foregoing, Agent shall have the right to have the Inventory reappraised by a qualified appraisal company selected by Agent after consultation with Administrative Borrower from time to time after the Closing Date for the purpose of redetermining the Net Liquidation Percentage of the Eligible Inventory portion of the Collateral and, as a result, redetermining the Borrowing Base.
In addition to the foregoing (and subject to Section 2.11 as to costs and expenses), Agent shall have the right to have the Borrower’s Inventory reappraised by a qualified appraisal company selected by Agent from time to time after the Restatement Date for the purpose of re-determining the Net Liquidation Percentage of the Eligible Inventory and, as a result, re-determining the Borrowing Base.

More Definitions of Net Liquidation Percentage

Net Liquidation Percentage means the percentage of the perpetual value of each Credit Party’s Eligible Inventory that is estimated to be recoverable in an orderly liquidation of such Inventory, such percentage to be calculated as an average of the then current month’s average Net Liquidation Percentage and the average Net Liquidation Percentage for the preceding month as determined from time to time by a qualified appraisal company selected by Agent with Borrower’s consent, which consent shall not be unreasonably withheld.

Net Liquidation Percentage means the percentage of the book value of Loan Parties' Inventory that is estimated to be recoverable in an orderly liquidation of such Inventory net of costs and expenses, such percentage to be as determined from time to time by a qualified appraisal company selected by Agent.

Net Liquidation Percentage has the meaning set forth in Section 1.1(a).

Net Liquidation Percentage means, as of any date of determination, the percentage of the book value of the Borrower's Inventory that is estimated to be recoverable in an orderly liquidation of such Inventory net of all associated costs and expenses of such liquidation, such percentage to be as determined from time to time by an appraisal company selected by the Agents. The Net Liquidation Percentage shall be calculated for (a) finished goods located in the United States, (b) all other Inventory located in the United States on a blended rate basis, (c) finished goods located in Mexico and (d) all other Inventory located in Mexico on a blended rate basis.

Net Liquidation Percentage means the percentage of the book value of Borrowers' Inventory that is estimated to be recoverable in an orderly liquidation of such Inventory net of all associated costs and expenses of such liquidation, such percentage to be as determined from time to time by, with respect to finished goods Inventory consisting of new and used trailers, FRAC tanks and portable storage containers, ▇▇▇▇▇▇ & ▇▇▇▇▇▇ or such other appraisal company with expertise in the industry in which Borrowers operate their businesses as selected by Agent in its Permitted Discretion in consultation with Administrative Borrower, and with respect to all other Inventory, an appraisal company with expertise in the industry in which Borrowers operate their businesses as selected by Agent in its Permitted Discretion in consultation with Administrative Borrower.

Net Liquidation Percentage. Means, at any date of determination, the percentage of the Cost value of Borrowers’ Acceptable Inventory that is estimated to be recoverable in an orderly liquidation of such Acceptable Inventory, net of liquidation expenses, such percentage to be as determined from time to time by Lender in its discretion with the assistance of a qualified appraisal company selected by Lender.”

Net Liquidation Percentage means, for each Inventory Category, the percentage of the Book Value of Eligible Inventory included in such Inventory Category that is estimated to be recoverable in an orderly liquidation of such Eligible Inventory, net of liquidation expenses and commissions, such percentage to be as determined from time to time by the most recent appraisal conducted by Hilco or such other appraiser reasonably acceptable to the Agent after consulting with the Borrowers (which appraisals by such other appraiser will be on a basis consistent with the appraisals conducted by Hilco).