Example ContractsClauseseligible inventoryVariants
Eligible Inventory
Eligible Inventory contract clause examples

[ # ]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

Source document

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;

Source document

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;

Source document

the product (without duplication) of # the Letter of Credit Inventory Advance Rate multiplied by # the Appraised Value of the Inventory of the Loan Parties supported by the Eligible Letters of Credit, multiplied by # the Cost of such Inventory when completed, net of Inventory Reserves;

Source document

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;

Source document

the product (without duplication) of # the In-Transit Advance Rate multiplied by # the Appraised Value of Eligible In-Transit Inventory of the Loan Parties, multiplied by # the Cost of Eligible In-Transit Inventory of the Loan Parties, net of Inventory Reserves;

Source document

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.