Rent Reserves means such reserves as may be established from time to time by the Agent in its Reasonable Credit Judgment with respect to leased locations or bailees of the Obligors where Eligible Rental Equipment or Eligible Merchandise and Consumables Inventory is located to the extent the Agent has not received a Collateral Access Agreement from the lessor or bailee at any such location, provided that such reserves for any location shall not exceed two months’ rent at such location.
Rent Reserves means, as to any leased location where Collateral is stored in any Waiver State with respect to which the Collateral Agent has not received a satisfactory Collateral Access Agreement, such amount as the Administrative Agent may determine in its Permitted Discretion.
Rent Reserves means such reserves as may be established from time to time by the Agent in its Reasonable Credit Judgment with respect to leased locations or bailees of the Obligors where Eligible Rental Equipment or Eligible Merchandise and Consumables Inventory is located to the extent the Agent has not received a Collateral Access Agreement from the lessor or bailee at any such location, provided that such reserves for any location shall not exceed two (2) months’ rent at such location.
Examples of Rent Reserves in a sentence
Full Year 2020 Credit Losses and ReservesCore SameStore Core Other Funds TotalPer Share Credit Loss and Abatements - Billed Rents and Recoveries $ 14.7 $ 2.2 $ 2.9 $ 19.8 $ 0.22Straight-Line Rent Reserves N/A 9.0 3.7 12.7 0.14Total $ 14.7 $ 11.2 $ 6.6 $ 32.5 $ 0.36 In the tables above, “Credit loss and Abatements – Billed Rents and Recoveries” represent reserves taken against a tenant’s rent and recoveries that were billable pursuant to the terms of a lease agreement.
RESERVES Rent Reserves Capitalized Rent Reserves TOTAL PROJECT COST RES.
Transition and Rent Reserves: This is in line with every project CBH develops with a tax credit investor and accounts for an additional $495,860 in development costs, equivalent to $5,510 per unit.
Rent Reserves (See Comment 19)- ______ Other (Specify)______________________: ______ SUBTOTAL- ______ TOTAL PROJECT USES- $_________ 1.
To the extent Borrower is making any deposits (other than the Initial Ground Rent Reserves Deposit) in accordance with Section 7.4.1, Lender shall apply amounts in the Ground Rent Reserve Fund to the payment of the Ground Rent on or before the same shall become delinquent.
More Definitions of Rent Reserves
Rent Reserves on any date of determination, the sum of (a) all past due rent and other past due charges owing by any Loan Party to any landlord or other Person who possesses any Collateral or has the right to assert a Lien on such Collateral (other than any Loan Party or any Restricted Subsidiary); plus (b) a reserve in an amount not to exceed rent and other charges that Agent determines, in its Permitted Discretion (but in any event, not more than three months’ rent), would reasonably be expected to be payable to any such Person for the time period used to determine and realize the Net Orderly Liquidation Value of Collateral being held by such Person, in each case, as adjusted from time to time by Agent in its Permitted Discretion; provided, that no Rent Reserve shall be established with respect to any location (i) leased by a Loan Party as of the Closing Date, prior to the date that is 120 days after the Closing Date, (ii) that becomes leased by a Loan Party after the Closing Date in connection with a Permitted Acquisition or similar Investment, prior to the date that is 120 days after the date on which such Permitted Acquisition or similar Investment is consummated, or (iii) where the lessor has delivered to Agent a Collateral Access Agreement. Notwithstanding anything herein to the contrary, if Agent would be entitled to establish a Rent Reserve but for the operation of clause (i) of the proviso in the preceding sentence, the amount of such Rent Reserve may be established by Agent on the 120th day after the Closing Date and the amount of such Rent Reserve shall be the amount that could have been established at the Closing Date but for the operation of clause (i).
Rent Reserves means such reserves as may be established from time to time by the Agent in its Reasonable Credit Judgment with respect to leased locations or bailees of the Secured Obligors where Eligible Rental Equipment, Eligible Service Vehicles or Eligible Spare Parts and Merchandise is located to the extent the Agent has not received a Collateral Access Agreement from the lessor or bailee at any such location; provided that such reserves (i) for any location shall not exceed two months’ rent at such location and (ii) will not be established during a period of 90 days following the Closing Date (or such later date as shall be agreed to by the Agent in its sole discretion).
Rent Reserves with respect to any store, warehouse distribution center, regional distribution center, or depot where any Inventory subject to Liens arising by operation of law is located or with respect to which a Collateral Access Agreement has not been delivered, a reserve determined by the ABL Administrative Agent in its Permitted Discretion, not to exceed two (2) month’s rent at such store, warehouse distribution center, regional distribution center, or depot.
Rent Reserves as defined in clause (c) of the definition of Eligible Inventory.
Rent Reserves means, with respect to any plant, warehouse distribution center or other operating facility where any Inventory subject to landlords’ Liens or other Liens arising by operation of law is located, a reserve equal to three (3) months’ rent at such plant, warehouse distribution center, or other operating facility, and such other reserve amounts that may be determined by the Primary Agents and the Primary Co-Collateral Agents in their reasonable discretion.
Rent Reserves means, as to any leased location where Collateral is stored in any Waiver State with respect to which the Collateral Agent has not received a satisfactory Collateral Access Agreement, such amount as the Administrative Agent may determine in its Permitted Discretion. “Report” means reports prepared in good faith by an Agent or another Person showing the results of appraisals, field examinations or audits pertaining to the Borrowers’ assets from information furnished by or on behalf of the Borrowers, after an Agent has exercised its rights of inspection pursuant to this Agreement, which Reports may be distributed to the Lenders by the applicable Agent. “Required Lenders” means, at any time, Lenders holding at least sixty percent (60%) of the aggregate outstanding Commitments at such time or, if the Lenders have no Commitments outstanding, then Lenders holding at least sixty percent (60%) of the Aggregate Exposure of the Lenders at such time; provided that (i) to the extent that any Lender is a Defaulting Lender, such Defaulting Lender and all of its Commitments and Aggregate Exposure shall be excluded for purposes of determining Required Lenders and (ii) if there are two (2) or more Lenders then party to this Agreement, then “Required Lenders” must include at least two (2) such Lenders (with Lenders who are Affiliates of one another being considered as one Lender for purposes of this clause (ii)). “Reserves” means (i) any and all reserves which the Administrative Agent deems necessary, in its Permitted Discretion, to from time to time establish against the gross amounts of Eligible Accounts and Eligible Completed Drilling Rigs (including, without limitation, reserves for consignee’s, warehousemen’s and bailee’s charges at locations for which no Collateral Access Agreement is in effect, to the extent property at such locations is included in the Borrowing Base; reserves for dilution of Accounts; reserves for contingent liabilities of any Borrower; reserves for uninsured losses of any Borrower and reserves for taxes, fees, assessments, and other governmental charges), (ii) Rent Reserves, and (iii) any and all reserves for Swap Obligations of a Loan Party and outstanding credit card balances constituting Banking Services Obligations of a Loan Party which any Lender to whom Swap Obligations or such Banking Services Obligations, as applicable, are owing directs the Administrative Agent to establish, or which the Administrative Agent deems necessary in its Permitt...
Rent Reserves. Canadian Priority Payables Reserves," "Canadian Inventory Reserves," "U.S. Inventory Reserves," "Canadian Dilution Reserves" or "U.S. Dilution Reserves" which in any such case has the effect of increasing U.S. Availability or Canadian Availability, without the written consent of the Supermajority Lenders, (vi) change any of the provisions of this Section or the definition of "Required Lenders", "Supermajority Lenders" or any other provision of any Loan Document specifying the number or percentage of Lenders (or Lenders of any Class) required to waive, amend or modify any rights thereunder or make any determination or grant any consent thereunder, without the written consent of each Lender, (vii) release any Loan Guarantor from its obligation under its Loan Guaranty (except as otherwise permitted herein or in the other Loan Documents), without the written consent of each Lender, (viii) except as provided in clauses (d) and (e) of this Section or in any Collateral Document, release or subordinate the Liens granted to Collateral Agent, for the benefit of the Lenders, in all or substantially all of the Collateral, without the written consent of each Lender, or (ix) consent to the assignment, delegation or other transfer by any Loan Party of any of its rights or obligations under this Agreement or any other Loan Document; provided further that no such agreement shall amend, modify or otherwise affect the rights or duties of the Agents, the Issuing Bank or the Swingline Lender under Article VIII or otherwise hereunder without the prior written consent of such Agent, the Issuing Bank or the Swingline Lender, as the case may be.