Common use of RETAIL VALUE Clause in Contracts

RETAIL VALUE. The term “Retail Value” shall mean the fair market value of the Inventory and each Interval constituting part of the Inventory, as determined by Lender in its sole discretion.

Appears in 1 contract

Sources: Loan and Security Agreement (Silverleaf Resorts Inc)

RETAIL VALUE. The term “Retail Value” shall mean the fair market value of the Inventory and each Interval constituting part of the Inventory, as determined by Lender Agent in its sole discretion.

Appears in 1 contract

Sources: Loan and Security Agreement (Silverleaf Resorts Inc)