Example ContractsClauseseligible inventoryVariants
Eligible Inventory
Eligible Inventory contract clause examples

the product of # the Inventory Advance Rate multiplied by # the Appraised Value of Eligible Inventory of the Canadian Borrower multiplied by (iii)(A) the Cost of Eligible Inventory of the Canadian Borrower, minus # Inventory Reserves related to Eligible Inventory of the Canadian Borrower;

the product of # the Inventory Advance Rate multiplied by # the Appraised Value of Eligible Inventory of the Domestic Borrowers multiplied by (iii)(A) the Cost of Eligible Inventory of the Domestic Borrowers, minus # Inventory Reserves related to Eligible Inventory of the Domestic Borrowers;

the product of # the Inventory Advance Rate multiplied by # the Appraised Value of Eligible Inventory (other than Eligible In-Transit Inventory or Eligible Letters of Credit) of the Loan Parties, multiplied by # the Cost of Eligible Inventory (other than Eligible In-Transit Inventory or Eligible Letters of Credit) of the Loan Parties, net of Inventory Reserves;

the product of # the Inventory Advance Rate multiplied by # the Appraised Value of Eligible Inventory (other than Eligible In-Transit Inventory or Eligible Letters of Credit) of the Loan Parties, multiplied by # the Cost of Eligible Inventory (other than Eligible In- Transit Inventory or Eligible Letters of Credit) of the Loan Parties, net of Inventory Reserves;

the product of # the FILO Advance Rate multiplied by # the Appraised Value of Eligible Inventory of the Domestic Borrowers multiplied by (iii)(A) the Cost of Eligible Inventory of the Domestic Borrowers, minus # Inventory Reserves related to Eligible Inventory of the Domestic Borrowers;

[ # ]the product (without duplication) of # the ​Inventory Advance Rate multiplied by # the Appraised Value of Eligible Inventory ([excluding any]other than Eligible In- Transit Inventory or Eligible Letters of Credit) of the Loan Parties, multiplied by # the Cost of Eligible Inventory ([excluding any]other than Eligible In-Transit Inventory or Eligible Letters of Credit) of the Loan Parties, net of Inventory Reserves; plus

the product of # the FILO Advance Rate multiplied by # the Appraised Value of Eligible Inventory (excluding any Eligible Letters of Credit) of the Loan Parties, multiplied by # the Cost of Eligible Inventory (excluding any Eligible Letters of Credit) of the Loan Parties, net of Inventory Reserves;

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.