Inventory Availability

Inventory Availability. Shall mean the Revolving Advances against Eligible Inventory which Lenders may from time to time during the Term make available to Borrowers, in an amount up to the least of (a) $17,000,000 (the "Inventory Sublimit"), or (b) thirty-eight percent (38%) of the cost of Jaco Eligible Inventory, other than LCD Inventory, calculated on a first-in, first-out basis, or (c) eighty-five percent ... (85%) of the net orderly liquidation value of Jaco Eligible Inventory, calculated as of the date of calculation (the lesser of the foregoing clause (b) and clause (c), the "Inventory Advance Rate"). View More