U.S. Rent Reserve Clause Samples

U.S. Rent Reserve the aggregate of (a) all past due rent and other past due charges owing by any U.S. Borrower to any landlord, bailee, warehouseman or other Person who possesses any U.S. Facility Collateral or could assert a Lien on any U.S. Facility Collateral (such past due amount, the “U.S. Past Due Rent”); plus (b) a reserve in an amount equal to at least three (3) months’ rent and other charges that could be payable to any such Person, unless such Person has executed a Lien Acknowledgment.