Inventory Sublimit

Inventory Sublimit. Means $7,000,000; provided that if the Borrowers' maintain their cash on hand in any month at all times in an amount equal to or greater than $3,000,000 (as verified by the Lender from time to time in its sole discretion), then the Inventory Sublimit shall be automatically increased to $10,000,000, effective upon such verification; provided further that if the Borrowers' thereafter fail to maintain their cash on hand in any month at all times in an amount equal to or greater than $3,000,000 (as... verified by the Lender from time to time in its sole discretion), then the Inventory Sublimit shall automatically revert to $7,000,000, effective upon such verification; provided further that no increase in the Inventory Sublimit shall be made if a Default or an Event of Default has occurred and is then continuing. View More