(c)with respect to any Eligible Letter of Credit, without duplication of any Eligible In-Transit Inventory, the Cost of the Inventory supported by such Eligible Letter of Credit when completed, net of Inventory Reserves, multiplied by the Inventory Advance Rate multiplied by the Appraised Value of such Inventory of the Borrowers;

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;

(b)the Cost of Eligible Inventory of the Borrowers, net of Inventory Reserves, multiplied by the Inventory Advance Rate multiplied by the Appraised Value of Eligible Inventory of the 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;