175 Inventory Loan Limit

Example Definitions of "175 Inventory Loan Limit"
175 Inventory Loan Limit. Shall mean, as to each Borrower, at any time, the amount equal to $105,000,000, minus the then outstanding principal amount of Loans to the other Borrowers (and including Letter of Credit Accommodations to the extent provided in the definition of the term Borrowing Base) based on Eligible Inventory.
Found in Wise Metals Group LLC contract
175 Inventory Loan Limit. Shall mean, as to each Borrower, at any time, the amount equal to $105,000,000, $80,000,000 (the "Base Amount"), minus the then outstanding principal amount of Loans to the other Borrowers (and including Letter of Credit Accommodations to the extent provided in the definition of the term Borrowing Base) based on Eligible Inventory. Inventory; provided, that, upon the request of Administrative Borrower and the written consent of Agent, Agent may from time to time, in its sole discretion,... increase the Base Amount to an amount not to exceed $85,000,000. View More Arrow
Found in Wise Metals Group LLC contract
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