Net Retail Liquidation Value definition

Net Retail Liquidation Value means, at any date of determination, the result (expressed in Dollars) of the Net Liquidation Percentage times the Cost value of Eligible Inventory as of such date.

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Net Retail Liquidation Value means the appraised liquidation value of Eligible Inventory less liquidation expenses as reasonably determined in good faith by Agents from time to time.

Net Retail Liquidation Value means, with respect to any Inventory, the amount of the Cost of such Inventory that is estimated to be recoverable in an orderly liquidation of such Inventory, as determined from time to time by a qualified appraisal company selected by the Agent.

Examples of Net Retail Liquidation Value in a sentence

Subject to the terms and conditions of this Agreement, each Lender agrees to make special sub-line advances ("Special Sub-Line Advances") to Borrower in an amount at any one time outstanding not to exceed such Lender's Pro Rata Share of an amount equal to 13% of the Cost Value of Eligible Inventory, provided, however, that in no event will Advances (on a combined basis under Sections 2.1 (a)(i)(y) and 2.1 (a)(ii)) exceed 87.5% of the Net Retail Liquidation Value of Eligible Inventory.
If such conflict is not resolved within twenty- four hours, Requisite Tranche B Revolving Lenders may require that advance rates applicable to Eligible Inventory be reduced at the rate of one and one-half percent (1.5%) per day until the amount of Inventory Loans is equal to seventy percent (70%) of the Net Retail Liquidation Value of Borrower's Eligible Inventory.
Notwithstanding the foregoing, the Lenders agree that during (i) the 45-day period commencing on the Closing Date, and (ii) the period from July 1, 1999 through September 15, 1999, Advances (on a combined basis under Sections 2.1(a)(i)(y) and 2.1(a)(ii)) shall not exceed 87.5% of the Net Retail Liquidation Value of Eligible Inventory.
Subject to the terms and conditions of this Agreement, each Lender agrees to make special sub-line advances ("Special Sub-Line Advances") to Borrower in an amount at any one time outstanding not to exceed such Lender's Pro Rata Share of an amount equal to 13% of the Cost Value of Eligible Inventory, provided, however, that in no event will Advances (on a combined basis under Sections 2.1 (a)(i)(y) and 2.1 (a)(ii)) exceed 85% of the Net Retail Liquidation Value of Eligible Inventory.
Notwithstanding the foregoing, at no time shall the aggregate of those portions of the Tranche A Revolving Advances and Tranche B Revolving Advances which are based upon Eligible Inventory exceed one hundred percent (100%) of the Net Retail Liquidation Value of Eligible Inventory.
Notwithstanding the foregoing, at no time shall the aggregate of those portions of the Tranche A Revolving Advances and Tranche B Revolving Advances which are based upon Eligible Inventory exceed one hundred (100%) per cent of the Net Retail Liquidation Value of Eligible Inventory.
If such conflict is not resolved within twenty-four hours, Requisite Tranche B Revolving Lenders may require that advance rates applicable to Eligible Inventory be reduced at the rate of one and one-half percent (1.5%) per day until the amount of Inventory Loans is equal to seventy percent (70%) of the Net Retail Liquidation Value of Borrower's Eligible Inventory.

More Definitions of Net Retail Liquidation Value

Net Retail Liquidation Value means with respect to the Borrowers’ Eligible Inventory, the appraised orderly liquidation value, net of costs and expenses to be incurred in connection with any such liquidation, which value is expressed as a percentage of Cost of the Borrowers’ Eligible Inventory as set forth in the Borrowers’ inventory stock ledger, which value shall be determined from time to time by the most recent appraisal undertaken by an independent appraiser engaged by the Administrative Agent.

Net Retail Liquidation Value. Means the appraised liquidation value of Acceptable Inventory less liquidation expenses as determined by Lender or its agents from time to time."

Net Retail Liquidation Value is added:

Net Retail Liquidation Value or "NRLV" means the appraised liquidation value of Eligible Inventory (without duplication as to any Reserves) less reasonable liquidation expenses (to the extent not reflected in the applicable appraisal), as each is determined by Agent (or its agents) in the Agent's Discretion from time to time. NRLV is expressed herein as a percentage of the Cost value of Eligible Inventory.