Inventory Reliance Percentage

Example Definitions of "Inventory Reliance Percentage"
Inventory Reliance Percentage. Means the percentage calculated for any calendar month, as of the last day of such month, resulting from a formula in which the numerator is the aggregate amount of Revolving Loans outstanding less the sum of (i) 85% Eligible Accounts Receivable and (ii) Eligible Trademarks Amount, and the denominator is the product of the Applicable Inventory Percentage and Eligible Inventory.
All Definitions