Raw Material Availability definition
Raw Material Availability means the lesser of (a) twenty two (22%) percent multiplied by the US Dollar Equivalent of the Value of the Eligible Inventory of US Borrower consisting of raw materials which are transducers or (b) eighty five (85%) percent of the Net Recovery Percentage of Inventory of US Borrower consisting of raw materials which are transducers multiplied by the US Dollar Equivalent of the Value of Eligible Inventory of US Borrower consisting of raw materials which are transducers or (c) the US Dollar Equivalent of $500,000.”
Raw Material Availability means (a) at any time prior to October 1, 2005, the amount equal to twenty-two (22%) percent multiplied by the US Dollar Equivalent of the Value of the Eligible Inventory of US Borrower consisting of raw materials; provided, that, the amount of Raw Material Availability under this clause (a) shall be reduced as of the first day of each month, commencing on the first day of the month following Agent’s receipt of the Updated Inventory Appraisal and ending on October 1, 2005, by an amount equal to the initial amount of Raw Material Availability multiplied by the Monthly Adjustment Percentage and (b) at any time on or after October 1, 2005, the amount equal to the lesser of (i) fifty-five (55%) percent multiplied by the US Dollar Equivalent of the Value of the Eligible Inventory of US Borrower consisting of raw materials or (ii) eighty-five (85%) percent of the Net Recovery Percentage of Inventory of US Borrower consisting of raw materials multiplied by the US Dollar Equivalent of the Value of Eligible Inventory of US Borrower consisting of raw materials.
Raw Material Availability means (a) at any time prior to October 1, 2005,the lesser of (i) twenty two (22%) percent multiplied by the US Dollar Equivalent of the Value of the Eligible Inventory of US Borrower consisting of raw materials or (ii) eighty-five (85%) percent of the Net Recovery Percentage of Inventory of US Borrower consisting of raw materials multiplied by the US Dollar Equivalent of the Value of Eligible Inventory of US Borrower consisting of raw materials and (b) at any time on or after October 1, 2005, the amount equal to the lesser of (i) fifty-five (55%) percent multiplied by the US Dollar Equivalent of the Value of the Eligible Inventory of US Borrower consisting of raw materials or (ii) eighty-five (85%) percent of the Net Recovery Percentage of Inventory of US Borrower consisting of raw materials multiplied by the US Dollar Equivalent of the Value of Eligible Inventory of US Borrower consisting of raw materials."