{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "the-loan-agreement", "type": "clause", "offset": [28, 46]}, {"key": "amended-and-restated", "type": "definition", "offset": [50, 70]}], "snippet": "set forth in Section 1.1 of the Loan Agreement is amended and restated in its entirety, as follows:", "samples": [{"hash": "7HyO9hkGDqs", "uri": "/contracts/7HyO9hkGDqs#collateral-reserve", "label": "Loan and Security Agreement (Alpine Group Inc /De/)", "score": 21.0, "published": true}, {"hash": "eFDJxrIN3Az", "uri": "/contracts/eFDJxrIN3Az#collateral-reserve", "label": "Loan and Security Agreement (Alpine Group Inc /De/)", "score": 18.0, "published": true}, {"hash": "9QY2QgXqRGj", "uri": "/contracts/9QY2QgXqRGj#collateral-reserve", "label": "Loan and Security Agreement (Alpine Group Inc /De/)", "score": 18.0, "published": true}], "size": 3, "hash": "f61c1c8e92bab5a42e45622985fdf762", "id": 1}, {"snippet_links": [{"key": "reserve-established", "type": "clause", "offset": [10, 29]}, {"key": "each-revolving-advance", "type": "clause", "offset": [55, 77]}, {"key": "section-24", "type": "clause", "offset": [107, 118]}, {"key": "cash-collateral-reserve", "type": "clause", "offset": [152, 175]}, {"key": "collateral-reserve-account", "type": "clause", "offset": [194, 220]}], "snippet": "means the reserve established from funds deducted from each Revolving Advance and/or otherwise pursuant to Section 2.4 hereof that are established as a cash collateral reserve to be held in the Collateral Reserve Account.", "samples": [{"hash": "1G2kT06pNK5", "uri": "/contracts/1G2kT06pNK5#collateral-reserve", "label": "Loan and Security Agreement (RumbleOn, Inc.)", "score": 33.1013004791, "published": true}], "size": 1, "hash": "5918b98c5256378709535f657a54c5f4", "id": 2}, {"snippet_links": [], "snippet": "means $850,000.", "samples": [{"hash": "cUeClSdAdD5", "uri": "/contracts/cUeClSdAdD5#collateral-reserve", "label": "Credit Agreement (Onesource Technologies Inc)", "score": 18.0, "published": true}], "size": 1, "hash": "dc3d8e58f4102b5eac7bdae298c1c19e", "id": 3}, {"snippet_links": [{"key": "equal-to", "type": "definition", "offset": [16, 24]}, {"key": "sale-and-leaseback-transaction", "type": "definition", "offset": [60, 90]}, {"key": "with-respect-to", "type": "clause", "offset": [91, 106]}, {"key": "owned-by", "type": "definition", "offset": [125, 133]}, {"key": "in-compliance-with", "type": "definition", "offset": [224, 242]}, {"key": "the-requirements", "type": "clause", "offset": [251, 267]}, {"key": "in-clause", "type": "clause", "offset": [278, 287]}, {"key": "the-definition-of", "type": "definition", "offset": [295, 312]}, {"key": "permitted-disposition", "type": "definition", "offset": [313, 334]}], "snippet": "means an amount equal to $11,500,000; provided, that upon a sale and leaseback transaction with respect to the Real Property owned by Electric and located at \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587 in Anaheim, California that is consummated in compliance with each of the requirements set forth in clause (m) of the definition of Permitted Disposition, such amount shall be reduced to $10,000,000.\"", "samples": [{"hash": "7HyO9hkGDqs", "uri": "/contracts/7HyO9hkGDqs#collateral-reserve", "label": "Loan and Security Agreement (Alpine Group Inc /De/)", "score": 21.0, "published": true}], "size": 1, "hash": "428ee95be53ae9793792bd89e996fecf", "id": 4}, {"snippet_links": [{"key": "equal-to", "type": "definition", "offset": [16, 24]}], "snippet": "means an amount equal to $7,000,000. \"", "samples": [{"hash": "9QY2QgXqRGj", "uri": "/contracts/9QY2QgXqRGj#collateral-reserve", "label": "Loan and Security Agreement (Alpine Group Inc /De/)", "score": 18.0, "published": true}], "size": 1, "hash": "84230fc018f998fe34f13bdf4860ff69", "id": 5}, {"snippet_links": [{"key": "in-the-event", "type": "clause", "offset": [37, 49]}, {"key": "positive-ebitda", "type": "definition", "offset": [68, 83]}, {"key": "calendar-quarters", "type": "clause", "offset": [120, 137]}, {"key": "date-of-this-agreement", "type": "clause", "offset": [157, 179]}, {"key": "at-all-times", "type": "definition", "offset": [206, 218]}], "snippet": "means $2,000,000; provided, however, in the event Borrower achieves positive EBITDA from operations for two consecutive calendar quarters from and after the date of this Agreement, Collateral Reserve shall at all times thereafter mean $1,500,000.", "samples": [{"hash": "8aFlGBJGlPz", "uri": "/contracts/8aFlGBJGlPz#collateral-reserve", "label": "Loan and Security Agreement (Vertical Communications, Inc.)", "score": 21.0, "published": true}], "size": 1, "hash": "4a1713f24ee5d876cbc692d629cb253a", "id": 6}, {"snippet_links": [{"key": "from-time-to-time", "type": "clause", "offset": [93, 110]}, {"key": "reasonable-credit-judgment", "type": "definition", "offset": [131, 157]}, {"key": "the-administrative-agent", "type": "definition", "offset": [161, 185]}], "snippet": "means a reserve in the amount of $3,000,000.00, as such amount may be increased or decreased from time to time in the commercially reasonable credit judgment of the Administrative Agent.", "samples": [{"hash": "5aDibG1hEEB", "uri": "/contracts/5aDibG1hEEB#collateral-reserve", "label": "Credit Agreement (Uti Worldwide Inc)", "score": 18.0, "published": true}], "size": 1, "hash": "073fde13c72ccc9def4bf6abbfc49a5d", "id": 7}, {"snippet_links": [{"key": "reserve-account", "type": "definition", "offset": [8, 23]}, {"key": "control-of", "type": "definition", "offset": [53, 63]}, {"key": "security-for-the-indebtedness", "type": "clause", "offset": [84, 113]}, {"key": "in-accordance-with", "type": "definition", "offset": [114, 132]}], "snippet": "means a reserve account established by and under the control of Agent as additional security for the Indebtedness in accordance with Section 2.5.5.", "samples": [{"hash": "8J1MxQ0hCya", "uri": "/contracts/8J1MxQ0hCya#collateral-reserve", "label": "Loan and Security Agreement (Varian Medical Systems Inc)", "score": 22.8918548939, "published": true}], "size": 1, "hash": "49f79360b2ed232af9c04ed623a0779c", "id": 8}, {"snippet_links": [{"key": "equal-to", "type": "definition", "offset": [29, 37]}, {"key": "in-place", "type": "clause", "offset": [69, 77]}, {"key": "reasonable-satisfaction", "type": "clause", "offset": [112, 135]}, {"key": "collateral-review", "type": "clause", "offset": [139, 156]}, {"key": "without-limitation", "type": "clause", "offset": [168, 186]}, {"key": "completion-of", "type": "definition", "offset": [188, 201]}, {"key": "field-exams", "type": "clause", "offset": [202, 213]}, {"key": "receipt-of", "type": "clause", "offset": [218, 228]}, {"key": "inventory-appraisals", "type": "clause", "offset": [229, 249]}, {"key": "commercially-reasonable-efforts-to-complete", "type": "clause", "offset": [292, 335]}, {"key": "date-of", "type": "clause", "offset": [396, 403]}, {"key": "the-final-order", "type": "clause", "offset": [417, 432]}], "snippet": "means a reserve in an amount equal to $25,000,000 which shall remain in place until Agent has completed, to its reasonable satisfaction, a collateral review including, without limitation, completion of field exams and receipt of inventory appraisals. Agent hereby agrees that it will use its commercially reasonable efforts to complete such field exams and inventory appraisals no later than the date of the entry of the Final Order.", "samples": [{"hash": "1Bpjmcf2hcO", "uri": "/contracts/1Bpjmcf2hcO#collateral-reserve", "label": "Credit Agreement (Caraustar Industries Inc)", "score": 21.0, "published": true}], "size": 1, "hash": "dee0d61c13e81cb473224fdd650180f1", "id": 9}, {"snippet_links": [{"key": "equal-to", "type": "definition", "offset": [16, 24]}], "snippet": "means an amount equal to $10,000,000.", "samples": [{"hash": "jELITESMLkU", "uri": "/contracts/jELITESMLkU#collateral-reserve", "label": "Loan and Security Agreement (Alpine Group Inc /De/)", "score": 21.0, "published": true}], "size": 1, "hash": "b941f4b201eea6e226fda99d38da0cee", "id": 10}], "next_curs": "Cl8SWWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjsLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIbY29sbGF0ZXJhbC1yZXNlcnZlIzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"snippet": "set forth in Section 1.1 of the Loan Agreement is amended and restated in its entirety, as follows:", "title": "Collateral Reserve", "size": 12, "id": "collateral-reserve", "examples": ["On each Business Day, the Collateral Agent shall cause all funds on deposit in such Domestic <strong>Collateral Reserve</strong> Accounts to be transferred to the Domestic Concentration Account.", "If applicable, that agreement between Bank and Borrower whereby Borrower agrees that all remittances in payment of Accounts which are deposited to the <strong>Collateral Reserve</strong> Account will be applied to the outstanding Line of Credit, as well as other provisions of the Loan Documents.", "All funds deposited into the Cash <strong>Collateral Reserve</strong> Subaccount shall be held by Lender as additional security for the Debt and Borrower shall have no right to receive any disbursements therefrom.", "In the event any items or payment described in this Section 7.16 are inadvertently received by any of the Credit Parties or any other Person, whether or not in accordance with the terms of this Agreement, such Credit Party or such Person shall be deemed to hold the same in trust for the benefit of the Collateral Agent and promptly forward them to the Collateral Agent for deposit in a Domestic <strong>Collateral Reserve</strong> Account or the Domestic Concentration Account.", "All such investments and the interest and income received thereon and therefrom and the net proceeds realized upon the sale thereof shall be held by the Collateral Agent in the <strong>Collateral Reserve</strong> Accounts, to be distributed pursuant to Section 7.", "The Debtor shall, upon receipt of all checks, drafts, cash, and other remittances in payment of or on account of the Accounts, cause the same to be deposited in the <strong>Collateral Reserve</strong> Account.", "Notwithstanding the foregoing, however, so long as no Event of Default exists, Lender agrees to settle with Borrower as to any funds which may exist in the <strong>Collateral Reserve</strong> Account from time to time hereafter on a mutually agreeable periodic basis.", "In accordance with and as more fully set forth in the Security Agreement, the Borrower and each Guarantor shall: (1) establish and maintain a lockbox; and (2) upon the request of the Required Banks, establish and maintain with the Agent a <strong>Collateral Reserve</strong> Account.", "Neither Lender nor any servicer that at any time holds or maintains the funds held in the Cash <strong>Collateral Reserve</strong> shall have any obligation to keep or maintain such funds held in the Cash <strong>Collateral Reserve</strong> account.", "Notwithstanding the foregoing, however, so long as no Event of Default exists, Lender agrees to settle with each Obligor as to any funds which may exist in its <strong>Collateral Reserve</strong> Account opened by it, after the foregoing application, on a daily basis, on each Business Day."], "related": [["initial-reserve-account-deposit", "Initial Reserve Account Deposit", "Initial Reserve Account Deposit"], ["debt-service-reserve-account", "Debt Service Reserve Account", "Debt Service Reserve Account"], ["collateral-deposit-account", "Collateral Deposit Account", "Collateral Deposit Account"], ["initial-reserve-account-deposit-amount", "Initial Reserve Account Deposit Amount", "Initial Reserve Account Deposit Amount"], ["crefc-loan-level-reserve-loc-report", "CREFC\u00ae Loan Level Reserve/LOC Report", "CREFC\u00ae Loan Level Reserve/LOC Report"]], "related_snippets": [], "updated": "2025-07-06T21:56:45+00:00"}, "json": true, "cursor": ""}}