Sixteenth Amendment Reserve set forth in Section 1 of the Loan Agreement is hereby amended and restated to read as follows:
Sixteenth Amendment Reserve means, for the relevant period, (x) the dollar amount of the “Availability Block” set forth below for such period minus (y) settlement costs in respect of the Department of Justice matters regarding Zylon and the investigation commenced by the Securities and Exchange Commission involving Parent and Borrowers (the “Specific Settlement Costs”) paid in cash after the Sixteenth Amendment Effective Date in an aggregate amount not to exceed $1,000,000: START DATE END DATE AVAILABILITY BLOCK Sixteenth Amendment Effective Date November 6, 2009 $7,500,000 November 7, 2009 November 13, 2009 $9,000,000 November 14, 2009 November 20, 2009 $10,500,000 November 21, 2009 November 27, 2009 $11,500,000 November 28, 2009 December 4, 2009 $13,500,000 December 5, 2009 December 18, 2009 $17,500,000 December 19, 2009 December 25, 2009 $16,500,000 December 26, 2009 January 1, 2010 $13,500,000 January 2, 2010 January 8, 2010 $11,000,000 January 9, 2010 January 22, 2010 $9,000,000 January 23, 2010 January 29, 2010 $8,500,000 January 30, 2010 April 3, 2010 $7,500,000
Sixteenth Amendment Reserve means, for the relevant period, (x) the dollar amount of the “Availability Block” set forth below for such period minus (y) settlement costs in respect of the Department of Justice matters regarding Zylon and the investigation commenced by the Securities and Exchange Commission involving Parent and Borrowers (the “Specific Settlement Costs”) paid in cash after the Sixteenth Amendment Effective Date in an aggregate amount not to exceed
More Definitions of Sixteenth Amendment Reserve
Sixteenth Amendment Reserve means, for the relevant period, (x) the dollar amount of the “Availability Block” set forth below for such period minus (y) settlement costs in respect of the Department of Justice matters regarding Zylon and the investigation commenced by the Securities and Exchange Commission involving Parent and Borrowers (the “Specific Settlement Costs”) paid in cash after the Sixteenth Amendment Effective Date in an aggregate amount not to exceed $1,000,000: START DATE END DATE AVAILABILITY BLOCK Sixteenth Amendment Effective Date November 6, 2009 $7,500,000 November 7, 2009 November 13, 2009 $9,000,000 November 14, 2009 November 20, 2009 $10,500,000 November 21, 2009 December 4, 2009 $11,500,000 December 5, 2009 December 29, 2009 $7,750,000 December 30, 2009 January 6, 2010 $5,750,000 plus 85% of the amount of sales assigned to Agent between December 30, 2009 and January 6, 2010; provided, that the Availability Block for this period shall be increased to $12,750,000 upon Borrowers’ receipt of any tax refund in this period. January 7, 2010 April 4, 2010 $12,750,000
Sixteenth Amendment Reserve means, for the relevant period, the dollar amount of the “Availability Block” set forth below for such period: START DATE END DATE AVAILABILITY BLOCK Sixteenth Amendment Effective Date November 6, 2009 $7,500,000 November 7, 2009 November 13, 2009 $9,000,000 November 14, 2009 November 20, 2009 $10,500,000 November 21, 2009 December 4, 2009 $11,500,000 December 5, 2009 December 29, 2009 $7,750,000 December 30, 2009 January 6, 2010 $5,750,000 plus 85% of the amount of sales assigned to Agent between December 30, 2009 and January 6, 2010 January 7, 2010 January 17, 2010 $4,630,000 plus (a) 85% of the amount of sales assigned to Agent between January 7, 2010 and January 17, 2010; plus (b) 100% of the amount of any tax refund received in this period January 18, 2010 January 28, 2010 $7,301,000 January 29, 2010 February 9, 2010 $2,000,000 February 10, 2010 April 4, 2010 $8,742,000