Liquidation Expense Reserve definition
Liquidation Expense Reserve means a reserve of $4,500,000, subject to adjustment upwards and downwards by the Agent in its sole discretion."
Liquidation Expense Reserve means a reserve of $8,400,000, subject to adjustment upwards and downwards by the Agent based on changes in the Borrower's operating expenses.
Liquidation Expense Reserve set forth in Section 1.1 of the Loan Agreement is hereby amended by deleting such definition in its entirety, and inserting in its place the following: