up to the sum of # the lesser of # seventy-five percent (75%), subject to the provisions of [Section 2.1(c)] hereof (the "Eligible Inventory Advance Rate"), of the value of the Eligible Mexican Inventory and # ninety percent (90%) of the appraised net orderly liquidation value ("Eligible Inventory NOLV Advance Rate"; together with the Receivables Advance Rate, Insured Receivables Advance Rate, and Eligible Inventory Advance Rate, the "Advance Rates") of the Eligible Mexican Inventory (as evidenced by an Inventory appraisal satisfactory to ​ in its Permitted Discretion, which will reflect a six-month liquidation process), # the lesser of # the product of the Eligible Inventory Advance Rate and the value of the Eligible Canadian Inventory and # the product of the Eligible Inventory NOLV Advance Rate and the Eligible Canadian Inventory (as evidenced by an Inventory appraisal satisfactory to ​ in its Permitted Discretion, which will reflect a six-month liquidation process), and # the lesser of # the product of the Eligible Inventory Advance Rate and the value of the Eligible U.S. Inventory and # the product of the Eligible Inventory NOLV Advance Rate and the Eligible U.S. Inventory (as evidenced by an Inventory appraisal satisfactory to ​ in its Permitted Discretion, which will reflect a six-month liquidation process), provided that up to ​ of advances after applying the Eligible Inventory NOLV Advance Rate from "Excess and Obsolete" Inventory (as defined in the most recent Inventory appraisal) may be included under this ​, minus