Inventory Reserves. The amount of any reserve established by Agent shall have a reasonable relationship to the event, condition or other matter which is the basis for such reserve (or increase thereof) as determined by Agent in good faith.
Inventory Reserves. (A) 100% of the Cost of all Eligible Inventory located at any location the landlord of which has been granted a security interest in the personal property of any Borrower, which landlord has not subordinated to the security interests created herein by an instrument which is reasonably satisfactory to the Lender.
Inventory Reserves. As reflected on the initial Borrowing Base Certificate furnished to the Agent. (ii)
Inventory Reserves. Such reserves as may be established from time to time by the Administrative Agent in its sole discretion with respect to the determination of the saleability, at retail, of the Eligible Inventory or which reflect such other factors that affect the market value of the Eligible Inventory. Inventory Reserves shall at all times include a reserve equal to 100% of the cost of news stand (unless such news stand Inventory is otherwise captured in the most recently completed appraisal) and café Inventory. Inventory Reserves shall also include, without duplication of the other reserves contained in this definition, a xxxx down reserve as agreed by the Administrative Agent and the Second Lien Agent until such time as such xxxx downs are included in the appraised net orderly liquidation value of Eligible Inventory.
Inventory Reserves. As of the Effective Date, the following Inventory Reserves shall be implemented in the corresponding amounts:
Inventory Reserves. A reserve for shrinkage, initially set at $100,000.00 and increased, on the first day of each month, by 0.8% of the year to date sales until the Borrower's inventory is relieved to reflect the results of a physical inventory (at which time, the Reserve shall be relieved and likewise begin to accrete). (b) The Administrative Agent shall provide not less than five days prior notice to the Borrower of the establishment of any Reserve (other than those established at the execution of this Agreement) except that a change to a then existing Reserve, which change reflects changed circumstances (such as a change to the Inventory Reserve for shrinkage), may be made without such notice.
Inventory Reserves. Agent may establish reserves against the ------------------ Borrowing Base in such amounts as Agent in its reasonable credit judgment (from the perspective of an asset-based lender) shall deem necessary or appropriate, for (x) sums that Borrower is required to pay (such as taxes, assessments, insurance premiums, or, in the case of leased assets, rents or other amounts payable under such leases other than locations subject to Collateral Access Agreements) and has failed to pay when due under any section of this Agreement or any other Loan Document and (y) without duplication of the foregoing, amounts owing by Borrower to any Person that the Borrower has not paid when due, to the extent secured by a Lien on, or trust over, any of the Collateral, which Lien or trust, in the reasonable determination of Agent (from the perspective of an asset-based lender), would be likely to have a priority superior to the Liens of Agent (such as landlord liens, ad valorem taxes, or sales taxes where given priority under applicable law) in and to such item of the Collateral.
Inventory Reserves. A reserve for shrinkage, subject to change (on seven (7) days notice to the Borrowers' Representative) to align with historic levels, and initially set as follows:
Inventory Reserves k. Rejection reserve for MED, CA; MED, DE
Inventory Reserves. Such reserves as may be established from time to time by the Administrative Agent in the Administrative Agent's discretion with respect to the determination of shrink, the saleability, at retail, of the Eligible Inventory, decreases in cumulative xxxx-ups from historical or industry norms, or which reflect such other factors as affect the market value of the Eligible Inventory.
