Common use of all Reserves Clause in Contracts

all Reserves. The amounts of Eligible Inventory of the Borrowers shall, at the Collateral Monitoring Agent's option, be determined based on the lesser of (x) the amount of Inventory set forth in the general ledgers of the Borrowers or (y) the perpetual inventory records (by distribution center and, if any, by retail store) maintained by the Borrowers.

all Reserves. The amounts of Eligible Inventory of the Borrowers shall, at the Collateral Monitoring Inventory Agent's option, be determined based on the lesser of (x) the amount of Inventory set forth in the general ledgers of the Borrowers or (y) the perpetual inventory records (by distribution center and, if any, by retail store) maintained by the Borrowers.

all Reserves. The amounts of Eligible Inventory of the Borrowers shall, at the Collateral Monitoring Agent's ’s option, be determined based on the lesser of (x) the amount of Inventory set forth in the general ledgers of the Borrowers or (y) the perpetual inventory records (by distribution center and, if any, by retail store) maintained by the Borrowers.