Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.
Appears in 22 contracts
Samples: Loan and Security Agreement (Orion Energy Systems, Inc.), Loan and Security Agreement (Adara Acquisition Corp.), Loan and Security Agreement (Orion Energy Systems, Inc.)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months months’ rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.
Appears in 19 contracts
Samples: Loan, Guaranty and Security Agreement (Turtle Beach Corp), Loan and Security Agreement (Chicago Atlantic Real Estate Finance, Inc.), Loan and Security Agreement (Chicago Atlantic Real Estate Finance, Inc.)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver. Report: as defined in Section 12.2.3.
Appears in 7 contracts
Samples: Loan, Security and Guarantee Agreement (Applied Optoelectronics, Inc.), Loan and Security Agreement (Akorn Inc), Loan and Security Agreement (Ak Steel Holding Corp)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months months’ rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.
Appears in 6 contracts
Samples: Loan and Security Agreement (Bespoke Capital Acquisition Corp), First Lien Loan and Security Agreement (Duckhorn Portfolio, Inc.), First Lien Loan and Security Agreement (Duckhorn Portfolio, Inc.)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months months’ rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver. Report: as defined in Section 12.2.3.
Appears in 6 contracts
Samples: Loan and Security Agreement (Summer Infant, Inc.), Loan and Security Agreement (Summer Infant, Inc.), Loan, Security and Guarantee Agreement (AutoWeb, Inc.)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to not more than three months months' rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver. Report: as defined in Section 12.2.3.
Appears in 5 contracts
Samples: Loan and Security Agreement (P&f Industries Inc), Loan and Security Agreement (P&f Industries Inc), Loan and Security Agreement (P&f Industries Inc)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) commencing 60 days after the Closing Date (or such longer time as determined by Lender in its sole discretion), a reserve at least equal to three months (3) months’ rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.
Appears in 4 contracts
Samples: Loan, Security and Guaranty Agreement (Select Interior Concepts, Inc.), Loan and Security Agreement (Select Interior Concepts, Inc.), Loan and Security Agreement (Select Interior Concepts, Inc.)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months months’ rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver. Report: as defined in Section 12.2.3.
Appears in 3 contracts
Samples: First Lien Loan and Security Agreement (Duckhorn Portfolio, Inc.), First Lien Loan and Security Agreement (Duckhorn Portfolio, Inc.), Loan and Security Agreement (Bespoke Capital Acquisition Corp)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months rent and other periodic charges that could would reasonably be expected to be payable to any such Person, unless it has executed a Lien Waiver.
Appears in 3 contracts
Samples: Loan and Security Agreement (Olympic Steel Inc), Loan and Security Agreement (Olympic Steel Inc), Loan and Security Agreement (Olympic Steel Inc)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any such Collateral; and (b) a reserve at least equal to of not more than three months months’ rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver. Report: as defined in Section 12.2.3.
Appears in 3 contracts
Samples: Loan Agreement (School Specialty Inc), Loan Agreement (School Specialty Inc), Loan Agreement (School Specialty Inc)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months (but so long as no Default or Event of Default has occurred and is continuing, not in excess of six months) rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.
Appears in 2 contracts
Samples: Loan and Security Agreement (Hypercom Corp), Loan and Security Agreement (Hypercom Corp)
Rent and Charges Reserve. a reserve equal to the aggregate of (a) all past due rent and other past due amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.
Appears in 2 contracts
Samples: Loan and Security Agreement (Movado Group Inc), Loan and Security Agreement (Movado Group Inc)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor a Borrower to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.
Appears in 2 contracts
Samples: Loan and Security Agreement (Cooper Tire & Rubber Co), Loan and Security Agreement (Cooper Tire & Rubber Co)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months months’ rent and other charges that could be payable to any such Person, unless it has executed a reasonably satisfactory Lien Waiver. Report: as defined in Section 12.2.3.
Appears in 2 contracts
Samples: Loan, Security and Guaranty Agreement (Atlas Energy Solutions Inc.), Loan, Security and Guaranty Agreement (Atlas Energy Solutions Inc.)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral included in the Borrowing Base or could assert a Lien on any such Collateral; and (b) a reserve at least equal to three months rent and other charges that could be payable to any such PersonPerson (if any), unless it has executed a Lien Waiver.
Appears in 2 contracts
Samples: Loan Agreement (Conns Inc), Loan Agreement (Conns Inc)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months rent and other charges that could reasonably be expected to be payable to any such Person, unless it has executed a Lien Waiver. Report: as defined in Section 12.2.3.
Appears in 2 contracts
Samples: Loan, Guaranty and Security Agreement (Sanmina-Sci Corp), Loan and Security Agreement (Boise Cascade Holdings, L.L.C.)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any ABL Priority Collateral or could assert a Lien on any ABL Priority Collateral; and (b) a reserve at least equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.
Appears in 1 contract
Samples: Loan and Security Agreement (Hydrofarm Holdings Group, Inc.)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months months’ rent and other charges that could be payable to any such PersonPerson (including any past-due rent), unless it has executed a Lien Waiver.
Appears in 1 contract
Samples: Loan and Security Agreement (Revolution Lighting Technologies, Inc.)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other past due amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.
Appears in 1 contract
Samples: Loan and Security Agreement (Servicesource International, Inc.)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral Eligible Inventory or could assert a Lien on any Collateralbooks and records related thereto or to any Eligible Accounts, in each case, that are included in the Borrowing Base at such time; and (b) a reserve at least equal to three months months’ rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.
Appears in 1 contract
Rent and Charges Reserve. the aggregate of (a) all past due rent and other past due amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months months’ rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.
Appears in 1 contract
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months rent and other charges that could be payable to any such PersonPerson (if any), unless it has executed a Lien Waiver. Report: as defined in Section 12.2.3.
Appears in 1 contract
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and Collateral (b) a reserve at least equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.
Appears in 1 contract
Samples: Loan Agreement (Inari Medical, Inc.)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing due and payable by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.
Appears in 1 contract
Samples: Loan, Guaranty and Security Agreement (Infinera Corp)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve reserves for rent at least equal leased locations subject to three months rent and other charges that could be payable to any such Personstatutory or contractual landlord liens, unless it has executed a Lien Waiver.
Appears in 1 contract
Samples: Loan and Security Agreement (Leapfrog Enterprises Inc)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker landlord or other Person who possesses any Collateral consisting of books and records or could assert a Lien on any CollateralCollateral consisting of books and records; and (b) a reserve at least equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.
Appears in 1 contract
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months rent and other charges that could be payable to any such PersonPerson (if any), unless it has executed a Lien Waiver.
Appears in 1 contract
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver. 102904560_9 Report: as defined in Section 12.2.3.
Appears in 1 contract
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months months<’> rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.
Appears in 1 contract
Samples: First Amendment Agreement (United Natural Foods Inc)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor Obligated Party to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and , plus (b) a reserve at least equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.
Appears in 1 contract
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months rent and other charges that could reasonably be expected to be payable to any such Person, unless it has executed a Lien Waiver.
Appears in 1 contract
Samples: Loan, Guaranty and Security Agreement (Sanmina-Sci Corp)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor a Borrower to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months rent and other charges that could be payable to any such Person, unless it such Person has executed a Lien Waiver. Report: as defined in Section 12.2.3.
Appears in 1 contract
Samples: Credit and Security Agreement (Titan International Inc)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateralthe landlord with respect to Borrower’s headquarters location; and (b) a reserve at least equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.
Appears in 1 contract
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral included in the Borrowing Base or could assert a Lien on any such Collateral; and (b) a reserve at least equal to three months rent and other charges that could be payable to any such PersonPerson (if any), unless it has executed a Lien Waiver. Report: as defined in Section 12.2.3.
Appears in 1 contract
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.
Appears in 1 contract
Samples: Loan and Security Agreement (Steinway Musical Instruments Inc)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months two months’ rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.
Appears in 1 contract
Samples: Loan Agreement (Horizon Global Corp)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months rent and other charges that could be payable to any such PersonPerson on whose premises Collateral is located, unless it has executed a Lien Waiver.
Appears in 1 contract
Samples: Loan and Security Agreement (Monaco Coach Corp /De/)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months rent and other charges that could be payable to any such Person, unless unless, in each case, it has executed a Lien Waiver.
Appears in 1 contract
Samples: Loan and Security Agreement (HOOKER FURNISHINGS Corp)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor a Loan Party to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any ABL Priority Collateral or could assert a Lien on any ABL Priority Collateral; and (b) a reserve at least equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.
Appears in 1 contract
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker warehouseman or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver. Report: as defined in Section 12.2.3.
Appears in 1 contract
Samples: Loan, Security and Guarantee Agreement (GEE Group Inc.)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Lien WaiverXxxx Xxxxxx.
Appears in 1 contract
Samples: Loan and Security Agreement (Orion Energy Systems, Inc.)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) commencing 120 days after the Closing Date (or after an Event of Default, if sooner), a reserve at least equal to three months one month’s rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.
Appears in 1 contract
Samples: Loan and Security Agreement (Installed Building Products, Inc.)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker landlord or other Person who possesses owns or controls the real property in which any Collateral books and records relating to the Accounts of Borrowers is located or could assert a Lien on any Collateralsuch books and records; and (b) a reserve at least equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.
Appears in 1 contract
Samples: Loan and Security Agreement (Multi Fineline Electronix Inc)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months rent and other periodic charges that could would reasonably be expected to be payable to any such Person, unless it has executed a Lien Waiver. Report: as defined in Section 12.2.3.
Appears in 1 contract
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker landlord or other Person who possesses owns or controls the real property in which any Collateral books and records relating to the Accounts of Borrower is located or could assert a Lien on any Collateralsuch books and records; and (b) a reserve at least equal to three months months’ rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.
Appears in 1 contract
Samples: Loan and Security Agreement (Multi Fineline Electronix Inc)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to not more than three months rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver. Report: as defined in Section 12.2.3.
Appears in 1 contract
Rent and Charges Reserve. the aggregate of (a) all past due rent and other past due amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.
Appears in 1 contract
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any ABL Priority Collateral or could assert a Lien on any ABL Priority Collateral; and (b) a reserve at least equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver. Report: as defined in Section 12.2.3.
Appears in 1 contract
Samples: Loan and Security Agreement (Hydrofarm Holdings Group, Inc.)
Rent and Charges Reserve. the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any ABL Priority Collateral or could assert a Lien on any ABL Priority Collateral; and (b) a reserve at least equal to three months months’ rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.
Appears in 1 contract