EXIM Eligible Inventory

EXIM Eligible Inventory. Means Inventory consisting of finished goods and raw materials that constitutes "Eligible Export-Related Inventory (as defined in the EX-IM Borrower Agreement) that meets all Borrower's representations and warranties herein and conform in all respects to the EX-IM Borrower Agreement and that is acceptable to Bank in its discretion.

EXIM Eligible Inventory. Is Inventory consisting of Eligible Inventory in any Transaction Report, such Inventory (i) consists of raw materials, work in progress, finished goods, in good, new, and salable condition, which is not perishable, returned, consigned, obsolete, not sellable, damaged, or defective, and is not comprised of demonstrative or custom inventory, works in progress, packaging or shipping materials, or supplies; (ii) meets all applicable governmental standards; (iii) has been manufactured in compliance... with the Fair Labor Standards Act; (iv) is not subject to any Liens, except the first priority Liens granted or in favor of Bank under this Agreement or any of the other Loan Documents; (v) is located at the locations identified by Borrower in the Perfection Certificate where it maintains Inventory (or at any location permitted under Section 7.2 of the Domestic Loan Agreement); and (vi) is otherwise acceptable to Bank. 12 View More