Common use of Inventory Reserve Clause in Contracts

Inventory Reserve. reserves established by Agent to reflect factors that may negatively impact the Value of Inventory, including change in salability, obsolescence, seasonality, theft, shrinkage, imbalance, change in composition or mix, markdowns and vendor chargebacks. Investment: any Acquisition; any acquisition of record or beneficial ownership of any Equity Interests of a Person; or any loan, advance or capital contribution to or other investment in any other Person. IRS: the United States Internal Revenue Service. Issuing Bank: Bank of America or an Affiliate of Bank of America. Issuing Bank Indemnitees: Issuing Bank and its officers, directors, employees, Affiliates, agents and attorneys.

Appears in 5 contracts

Samples: Loan and Security Agreement (Commercial Vehicle Group, Inc.), Loan and Security Agreement (Commercial Vehicle Group, Inc.), Loan and Security Agreement (Commercial Vehicle Group, Inc.)

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Inventory Reserve. reserves established by Agent in its Credit Judgment to reflect factors that may negatively impact the Value of Inventory, including change in salability, obsolescence, seasonality, theft, shrinkage, imbalance, change in composition or mix, markdowns and vendor chargebacks. Investment: any Acquisitionacquisition of all or substantially all assets of a Person; any acquisition of record or beneficial ownership of any Equity Interests of a Person; or any loan, advance or capital contribution to or other investment in any other a Person. IP License: as defined in Section 11.3. IRS: the United States Internal Revenue Service. Issuing Bank: Bank of America or an Affiliate of Bank of America. Issuing Bank Indemnitees: Issuing Bank and its officers, directors, employees, Affiliates, agents and attorneys.

Appears in 3 contracts

Samples: Loan and Security Agreement (Clearwater Paper Corp), Loan and Security Agreement (Clearwater Paper Corp), Loan and Security Agreement (Potlatch Forest Products CORP)

Inventory Reserve. reserves established by Agent in its Credit Judgment to reflect factors that may negatively impact the Value of Inventory, including change in salability, obsolescence, seasonality, theft, shrinkage, imbalance, change in composition or mix, markdowns and vendor chargebacks. Investment: any Acquisitionacquisition of all or substantially all assets of a Person; any acquisition of record or beneficial ownership of any Equity Interests of a Person; or any loan, advance or capital contribution to or other investment in any other a Person. IRS: the United States Internal Revenue Service. Issuing Bank: Bank of America or an Affiliate of Bank of America. Issuing Bank Indemnitees: Issuing Bank and its officers, directors, employees, Affiliates, agents and attorneys.

Appears in 2 contracts

Samples: Loan and Security Agreement (Headwaters Inc), Loan and Security Agreement (Headwaters Inc)

Inventory Reserve. reserves established by Agent to reflect factors that may negatively impact the Value of Inventory, including change in salability, obsolescence, seasonality, theft, shrinkage, imbalance, change in composition or mix, markdowns and vendor chargebacks. Investment: Investment — any Acquisitionacquisition of all or substantially all assets of a Person; any acquisition of record or beneficial ownership of any Equity Interests of a Person; or any loan, advance or capital contribution to or other investment in any other a Person. IRS: Investment Property — as defined in the United States Internal Revenue ServiceUCC. Issuing Bank: Bank — Bank of America or an Affiliate of Bank of America. Issuing Bank Indemnitees: Indemnitees — Issuing Bank and its officers, directors, employees, Affiliates, agents and attorneys.

Appears in 1 contract

Samples: Loan and Security Agreement (Chromcraft Revington Inc)

Inventory Reserve. reserves established by Agent in its Credit Judgment to reflect factors that may negatively impact the Value of Inventory, including change in salability, obsolescence, seasonality, theft, shrinkage, imbalance, change in composition or mix, markdowns and vendor chargebacks. Investment: any Acquisitionacquisition of all or substantially all assets of a Person; any acquisition of record or beneficial ownership of any Equity Interests of a Person; or any loan, advance or capital contribution to or other investment in any other a Person. IRS: the United States Internal Revenue Service. Issuing Bank: Bank of America or an Affiliate of Bank of America. Issuing Bank Indemnitees: Issuing Bank and its officers, directors, employees, Affiliates, agents and attorneys.

Appears in 1 contract

Samples: Loan and Security Agreement (Headwaters Inc)

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Inventory Reserve. reserves established by Agent to reflect factors that may negatively impact the Value of Inventory, including change in salability, obsolescence, seasonality, theft, shrinkage, imbalance, change in composition or mix, markdowns and vendor chargebacks. Investment: any Acquisitionacquisition of all or substantially all assets of a Person; any acquisition of record or beneficial ownership of any Equity Interests of a Person; or any loanadvance, advance loan or capital contribution to or other investment in any other a Person. IRS: the United States Internal Revenue Service. Issuing Bank: Bank of America or an Affiliate of Bank of America. Issuing Bank Indemnitees: Issuing Bank and its officers, directors, employees, Affiliates, agents and attorneys.

Appears in 1 contract

Samples: Loan and Security Agreement (Steinway Musical Instruments Inc)

Inventory Reserve. reserves established by Agent to reflect factors that may negatively impact the Value of Inventory, including change in salability, obsolescence, seasonality, theft, shrinkage, imbalance, change in composition or mix, markdowns and vendor chargebacks. Investment: any Acquisitionacquisition of all or substantially all assets of a Person; any acquisition of record or beneficial ownership of any Equity Interests of a Person; or any loan, advance or capital contribution to or other investment in any other a Person. IRS: the United States Internal Revenue Service. Issuing Bank: Bank of America or an Affiliate of Bank of America. Issuing Bank Indemnitees: Issuing Bank and its officers, directors, employees, Affiliates, agents and attorneys.

Appears in 1 contract

Samples: Loan and Security Agreement (Sport Chalet Inc)

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