Customs Reserve definition
Customs Reserve means an amount determined from time to time by Agent in its Permitted Discretion as a reserve that could be asserted by the United States Customs and Border Protection, customs brokers, shippers, freight forwarders, carriers, warehousemen or any other Person, for fees, charges, customs tariffs and duties and other similar charges to be paid by a Borrower with respect to Eligible In-Transit Inventory.