Discretionary Amount Sample Clauses

Discretionary Amount. As at any date of determination, an amount determined by the Administrative Agent in its sole and absolute discretion which shall not exceed $5,000,000.

Discretionary Amount. As at any date of determination, an amount equal to or greater than zero determined by the Administrative Agent in its sole and absolute discretion, but (a) which shall not exceed 10% of the Borrowing Base (calculated without reference to the Discretionary Amount), (b) which shall not be greater than zero for a period of more than sixty consecutive days and (c) which shall not be greater than zero for more than three periods during any fiscal year of the Borrower or within forty-five days after the end of the most recent period during which such amount was greater than zero. For the avoidance of doubt, the existence of the Discretionary Amount shall not increase the Commitment of any Lender.

Discretionary Amount. The Administrative Agent may, in its Permitted Discretion, from time to time, upon seven (7) days' prior notice to the Borrower, (x) establish Reserves with respect to Eligible Accounts Receivable to the extent that the arrangements under which such Eligible Accounts Receivable arise were not in effect on the Closing Date and the Administrative Agent reasonably determines that: (i) the dilution with respect of the Accounts Receivable (excluding Accounts Receivables owing from Credit Card Providers existing as of the Closing Date) for any period has increased in any material respect or may be reasonably anticipated to increase in any material respect above historical levels, or (ii) the general creditworthiness of account debtors or other obligors of the Borrower has declined or (y) establish Reserves with respect to Eligible Inventory to the extent that the Administrative Agent reasonably determines that: (i) the liquidation value of the Eligible Inventory, or any category thereof, has decreased, or (ii) the nature of the inventory has changed. In determining whether to establish Reserves, the Administrative Agent may consider events, conditions, contingencies or risks which are also considered in determining Eligible Inventory or Eligible Accounts Receivable. Upon the establishment by the Borrower of the new "Aisle 3" concept described to the Lenders prior to the Closing Date, the Administrative Agent shall appraise Eligible Inventory being sold under such concept and shall establish advance rates with respect to such Eligible Inventory, which shall not in any event exceed 85% of the liquidation value of such Eligible Inventory.

Discretionary Amount. Such amounts, if any, and for such Participants, as the Employer determines for time to time.