Common use of Rent and Charges Reserve Clause in Contracts

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 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. Reportable Event — any event set forth in Section 4043(b) of ERISA.

Rent and Charges Reserve. the aggregate of (ai) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (bii) a reserve at least equal of up to three months rent and other charges that could be payable to any such PersonPerson as determined by Agent, unless it has executed a Lien Waiver. Report — as defined in Section 12.2.3. Reportable Event — - any event of the events set forth in Section 4043(b) of ERISA.

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 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 less the amount of any L/C Obligations securing such obligations, unless it has executed a Lien Waiver. Report — as defined in Section 12.2.3. Reportable Event — any event set forth in Section 4043(b) of ERISA.