Common use of Valuation of Inventory Clause in Contracts

Valuation of Inventory. Inventory shall be valued by Agent on a ---------------------- periodic basis by a comparison of market industry data and the actual revenue being derived by Borrower from sale of such inventory. Valuation shall be based on the "market" value rather than Borrower's "cost." In determining market value, Agent shall be entitled to use the ▇▇▇▇▇▇▇▇▇▇ Collateral Value Report or such other comparable reports as Agent shall deem appropriate.

Valuation of Inventory. Inventory shall be valued by Agent on a ---------------------- periodic basis basis, but not less than twice annually, by a comparison of market industry data and the actual revenue being derived by Borrower from sale of such inventory. Valuation shall be based on the "market" value rather than Borrower's "cost." In determining market value, Agent shall be entitled to use the ▇▇▇▇▇▇▇▇▇▇ Collateral Value Report or such other comparable reports as Agent shall deem appropriate.