Inventory Availability means up to the lesser of (a) twenty percent (20%) of the value of Companies’ Eligible Inventory (calculated on the basis of the lower of cost or market, on a first-in first-out basis) and (b) One Million Dollars ($1,000,000).
Inventory Availability means the amount of Loans against Eligible Inventory Laurus may from time to time make available to Company up to the lesser of (a) fifty percent (50%) of the value of Company's Eligible Inventory (calculated on the basis of the lower of cost or market, on a first-in first-out basis) and (b) $1,000,000.
Inventory Availability means the amount of Revolving Credit Advances against Eligible Inventory Lender may from time to time in its sole and absolute discretion during the Term make available to the Borrower up to the lesser of (a) $1,000,000 or (b) 50% ("Inventory Advance Rate") of the value of the Eligible Inventory (calculated on the basis of the lower of cost or market, on a first-in first-out basis).
Examples of Inventory Availability in a sentence
Tire Inventory Availability; Limitations Tire inventory and availability are not guaranteed and may vary by each location Treads chooses to operate in.
Quantity Selector Adjusts to Inventory Availability Prevent overselling by automatically limiting the quantity selector to reflect the maximum inventory currently available for a product.
More Definitions of Inventory Availability
Inventory Availability shall have the meaning given in Section 2.1 hereof.
Inventory Availability means the amount of Revolving Credit Advances against Eligible Inventory Lender may from time to time during the Term make available to Borrowers based upon the Inventory Advance Rate (calculated on the basis of the lower of cost or market, on a first-in first-out basis) but which shall not, in any event exceed $8,000,000 at any time outstanding.
Inventory Availability means the amount of Revolving Credit Advances against Eligible Inventory Laurus may from time to time during the Term make available to the Company up to the lesser of (a) $800,000, (b) up to forty percent (40%) of the value of Eligible Inventory (calculated at its orderly liquidation value) and (c) fifty percent (50%) of the Accounts Availability; provided, however, until such time as Laurus shall have completed an appraisal of the Inventory, which appraisal shall be completed no later than August 31, 2003, the Inventory Availability shall be zero ($0).
Inventory Availability means for each Debtor, the advance percentages applicable to raw material and finished goods inventory of such Debtor as specified in Section G of this Rider, multiplied by the lower of cost or market value of eligible and acceptable raw material and finished goods inventory of such Debtor, but not exceeding in the aggregate for all Debtors the limitation on the amount of Inventory Advances to all Debtors as specified in Section G of this Rider. PHOENIX LABORATORIES, INC. By: /s/ ------------------------------ Title: ExVP --------------------------- GREAT EARTH DISTRIBUTION, INC. By: /s/ ------------------------------ Title: ExVP --------------------------- BODYONICS, LTD. By: /s/ ------------------------------ Title: ExVP --------------------------- THE CIT GROUP/CREDIT FINANCE, INC. By: /s/ ------------------------------ Title: VICE PRESIDENT --------------------------- Schedule A
Inventory Availability. The term "Inventory Availability" shall have the meaning given such term in SUPPLEMENT A.
Inventory Availability shall have the meaning given such term in SUPPLEMENT A.
Inventory Availability means the lesser of (a) the sum of (i) the lesser of (A) fifty percent (50%) of the Xxxxxx Blue Book wholesale value of the Eligible Owned Inventory, or (B) cost, plus (ii) fifty percent (50%) of the Xxxxxx Blue Book wholesale value of the Eligible Repossession Inventory, and (b) the applicable Sublimit.