Additional Availability Reserve Sample Clauses

Additional Availability Reserve. The Borrower, Agent and Lenders agree that in anticipation of the effectiveness of this Fourth Amendment, upon the execution and delivery of the Fourth Amendment, Agent and Lenders shall establish an additional temporary Availability Reserve in the amount of $400,000 (the “Temporary Reserve”), and after giving effect to the establishment of such Temporary Reserve, Agent and Lenders shall make available to Borrower the proceeds arising from the Liquidation of the inventory, lease designation rights and related assets on account of the Borrower’s Texas store locations, subject in all events to Availability under the Revolving Credit. The Temporary Reserve shall be eliminated upon the effectiveness of this Fourth Amendment on the Fourth Amendment Effective Date.