TRADE RESERVE definition
TRADE RESERVE means a reserve against Revolving Loans in the amount of $1,000,000 which reserve shall be reduced by (i) $500,000 on the date that is forty-five (45) days after the date hereof if Lender determines in its sole discretion that Borrower has an acceptable level of trade credit as of such date and (ii) the remaining $500,000 on the date that is ninety (90) days after the date hereof if Lender determines in its sole discretion that Borrower has an acceptable level of trade credit as of such date.
TRADE RESERVE means a reserve established by Agent from time to time against availability under Section 2.1(a) in an amount equal to the aggregate amount of trade credit of Borrowers which is more than sixty (60) days past due.