Inventory Sublimit. Inventory Sublimit shall mean the lesser of (A) $1,500,000 (the "Inventory Amount") and (B) 30% (the "Inventory Sublimit Rate") of Cash Receipts Availability; provided, that the Inventory Amount shall reduce to $750,000 on April 1, 1994 and thereafter shall further reduce by $187,500, commencing on April 30, 1994 and continuing on the same day of each calendar quarter thereafter until the Inventory Amount is zero, and the Inventory Sublimit Rate shall reduce to 25% on April 1, 1994 and thereafter shall further reduce by five percentage points, commencing on April 30, 1994 and continuing on the same day of each calendar quarter thereafter until the Inventory Sublimit Rate is reduced to zero.
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Inventory Sublimit. Inventory Sublimit shall mean the lesser of (A) $1,500,000 (the "Inventory Amount") and (B) 30% (the "Inventory Sublimit Rate") of Cash Receipts Availability; provided, that the Inventory Amount shall reduce to $750,000 on April May 1, 1994 and thereafter shall further reduce by $187,500, commencing on April June 30, 1994 and continuing on the same day of each calendar quarter thereafter until the Inventory Amount is zero, and the Inventory Sublimit Rate shall reduce to 25% on April May 1, 1994 and thereafter shall further reduce by five percentage points, commencing on April June 30, 1994 and continuing on the same day of each calendar quarter thereafter until the Inventory Sublimit Rate is reduced to zero.
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