Other Eligible Inventory definition
Other Eligible Inventory means, at any time, the portion of Eligible Inventory of (x) the Parent Borrower and the wholly-owned Domestic Subsidiary Loan Parties at such time, in the case of the Domestic Borrowing Base, or (y) the Canadian Subsidiary Borrower and the wholly-owned Canadian Subsidiary Loan Parties at such time, in the case of the Canadian Borrowing Base, in each case that is comprised of Inventory other than aluminum billets and logs as shown on the applicable Loan Party’s Inventory records in accordance with such Loan Party’s current and historical accounting practices.
Other Eligible Inventory means all Eligible Inventory of the Borrower and its Subsidiaries other than Spectrum Resin Eligible Inventory and Borrower Resin and Colorant Eligible Inventory.
Examples of Other Eligible Inventory in a sentence
AT&T-CFC will finance Other Eligible Inventory as follows: * Repayment terms shall be 1/2 30, 1/2 60 from the advance date * Rate of Prime plus 1.5 percent ADB * Advances shall be in AT&T-CFC's sole discretion and shall be made directly to Farmstead on a per invoice basis upon AT&T-CFC's receipt of all appropriate support documentation.