Common use of Valuation of Inventory Clause in Contracts

Valuation of Inventory. For purposes of determining the NOLV Percentage, the net orderly liquidation value of Borrowers' Inventory shall be determined and reported on not less frequently than annually by a qualified independent appraiser selected by the Administrative Agent or, at the Administrative Agent's election, by professional appraisers employed by the Administrative Agent.

Valuation of Inventory. For purposes of determining the NOLV Percentage, the net orderly liquidation value of Borrowers' ’ Inventory shall be determined and reported on not less frequently than annually semi-annually, or more frequently if requested by Administrative Agent, by a qualified independent appraiser selected by the Administrative Agent or, at the Administrative Agent's ’s election, by professional appraisers employed by the Administrative Agent.