Net GOB Value

Net GOB Value. Effective the first time that Lender implements an Asset Sale Lending Adjustment pursuant to Section 5 of this Amendment, all references to the term "Net GOB Value" in the Loan Agreement and the other Financing Agreements shall be deemed and each such reference is hereby amended to mean, as to Gump's Eligible Inventory, an amount equal to eighty percent (80%) of the gross proceeds that could be realized in cash if such Inventory were sold within a ninety (90) day period in a going out of... business liquidation sale, as set forth or calculated in the most recent Appraisal, minus the estimated costs, expenses, fees, including reasonable attorneys fees, taxes and other charges which would be incurred in connection with such sale, and estimated returns, all as set forth in, or calculated using, the most recent Appraisal. View More