Eligible Inventory clause amendment

Eligible Inventory clause amendment. (c) it is located on real property leased by one of the Obligors or in a contract warehouse where the fair market value (or book value, if greater) of all Inventory located at such leased property or warehouse, as the case may be (x) exceeds $5,000,000, or (y) when aggregated with the fair market value (or book value, if greater) of all Inventory located at all other such locations which... are not subject to Landlord Consents, exceeds $15,000,000, unless, in either case (i) Borrower has elected to establish a Reserve equal to three months' rent in respect of Inventory located at such location or (ii) it is subject to a Landlord Consent executed by the lessor, warehouseman or other third party, as the case may be, and unless it is segregated or otherwise separately identifiable from goods of others, if any, stored on the premises. View More