Common use of Availability Reserves Clause in Contracts

Availability Reserves. All Revolving Loans otherwise available to Borrower pursuant to the lending formulas and subject to the Maximum Credit, the Maximum Letter of Credit Facility and other applicable limits hereunder shall be subject to Lender’s continuing right to establish and revise Availability Reserves, upon not less than five (5) days’ prior written notice to Borrower.

Appears in 3 contracts

Samples: Loan Agreement (Mad Catz Interactive Inc), Loan Agreement (Mad Catz Interactive Inc), Loan Agreement (Mad Catz Interactive Inc)

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Availability Reserves. All Revolving Loans otherwise available to Borrower pursuant to the lending formulas and subject to the Maximum Credit, the Maximum Letter of Credit Facility and other applicable limits hereunder shall be subject to Lender’s 's continuing right to establish and revise Availability Reserves; provided, upon not less than five however, that Lender shall give Borrowers at least give (5) days’ days prior written notice to Borrowerbefore increasing Availability Reserves.

Appears in 1 contract

Samples: Loan and Security Agreement (Bontex Inc)

Availability Reserves. All Revolving Loans otherwise available to Borrower pursuant to the lending formulas and subject to the Maximum Credit, the Maximum Letter of Credit Facility and other applicable limits hereunder shall be subject to Lender’s 's continuing right to establish and revise Availability ReservesReserves in its discretion, upon not less than five (5) days’ days prior written notice to BorrowerBorrower identifying the new or revised Availability Reserve and the reason for the establishment or revision thereof."

Appears in 1 contract

Samples: Assumption Agreement (Keystone Consolidated Industries Inc)

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Availability Reserves. All Revolving Loans otherwise available to Borrower pursuant to the lending formulas and subject to the Maximum Credit, the Maximum Letter of Credit Facility and other applicable limits hereunder shall be subject to Lender’s continuing right to establish and revise Availability Reserves, upon not less than five (5) 5 days’ prior written notice to Borrower.

Appears in 1 contract

Samples: Loan Agreement (Mad Catz Interactive Inc)

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