Core Stores definition
Core Stores means the Stores designated as "Core Stores" on the Acquired Stores Schedule or the Deferred Stores Schedule, as applicable.
Core Stores. Core Stores" means Borrower's existing stores plus any acquired stores which have been owned by Borrower for at least 120 days. Borrower's Initials /s/ MAP Lender's Initials _________ Date: March 1, 1999 This Consent and Amendment No. 11 ("Amendment") to Loan and Security Agreement is made as of March 1, 1999, between Rainbow Rentals, Inc. (formerly known as Rainbow Home Rentals, Inc.) ("Borrower") and Bank of America National Trust and Savings Association (formerly known as Bank of America Illinois, formerly known as Continental Bank Illinois, formerly known as Continental Bank N.A.) ("Lender"). Reference is made to that certain Loan and Security Agreement between Borrower and Lender dated October 5, 1992 (as amended, the "Loan Agreement"). Borrower has informed Lender that Borrower desires to enter into that certain Asset Purchase Agreement dated as of February 8, 1999 among Borrower, Blue Ribbon Rentals, Inc. and Blue Ribbon Rentals II, Inc. Borrower acknowledges that the execution and delivery of the Asset Purchase Agreement requires the consent of Lender and has requested that Lender provide such consent. Borrower has also requested that the Loan Agreement be amended in certain respects.
Core Stores means the stores of the Companies and the Subsidiaries other than the Non-Core Stores.
Examples of Core Stores in a sentence
Not permit the percentage of Inventory on rent to customers pursuant to valid and performing rental agreements to total Inventory to be less than 80% at any time during the first, second and fourth calendar quarters of each calendar year or less than 75% at any time during the third calendar quarter of each calendar year for "Core Stores".
The requisite Consents for Consent Required Core Stores having Lease Liabilities representing, in the aggregate, at least eighty-five percent (85%) of the Aggregate Lease Liability shall have been obtained.