Common use of Availability Reserve Clause in Contracts

Availability Reserve. Lender agrees that the Availability Reserve -------------------- established to address discrepancies in inventory reporting by the Borrowers shall be reduced from five Hundred Thousand Dollars ($500,000.000) to Three Hundred and Fifty Thousand Dollars ($350,000.000).

Appears in 1 contract

Sources: Forbearance Agreement (Video City Inc)

Availability Reserve. Lender agrees that the Availability Reserve -------------------- established to address discrepancies in inventory reporting by the Borrowers shall be reduced from five One Million Dollars ($1,000,000.00) to Five Hundred Thousand Dollars ($500,000.000) to Three Hundred and Fifty Thousand Dollars ($350,000.000500,000.00).

Appears in 1 contract

Sources: Forbearance Agreement (Video City Inc)