Shrink Reserve means an amount reasonably estimated by the Administrative Agent to be equal to that amount which is required in order that the Shrink reflected in current stock ledger of the Borrowers would be reasonably equivalent to the Shrink calculated as part of the Borrowers’ most recent physical inventory (it being understood and agreed that no Shrink Reserve established by the Administrative Agent shall be duplicative of any Shrink as so reflected in the current stock ledger of the Borrowers or estimated by the Borrowers for purposes of computing any Borrowing Base other than at month’s end).
Shrink Reserve means an amount reasonably estimated by the Agents to be equal to that amount which is required in order that the Shrink reflected in Borrowers’ stock ledger would be reasonably equivalent to the Shrink calculated as part of the Borrowers’ most recent physical inventory.
Shrink Reserve means an amount reasonably estimated by the Collateral Agent to be equal to that amount which is required in order that the Shrink reflected in Borrowers’ stock ledger would be reasonably equivalent to the Shrink calculated as part of the Borrowers’ most recent physical inventory.
Examples of Shrink Reserve in a sentence
At the relevant time of reference thereto, an amount determined by the Dollar Agent by reference to the most recent Borrowing Base Report delivered to the Banks and the Agents pursuant to Section 11.4(f), which is equal to (a) the Inventory Advance Rate Percentage of the result of (i) the net book value (determined on an average cost basis at lower of cost or market) of Eligible Inventory minus (ii) the Inventory Shrink Reserve plus (b) 75% of Eligible Accounts Receivable.
Inventory per Stock Ledger as of: ADD Inventory Purchases LESS Inventory Sales Shrink Vendor Returns / Discounts Price Adjustments POS Markdowns General Markdowns Unit Adjustments Prior Period Adjustments Other (Explain) Ending inventory per S/L as of: CF: ADD Layaway Inventory at cost as of LESS Shrink Reserve - Warehouse RTV’s (loc.
The parties acknowledge and agree that as of the Effective Date, the Inventory Shrink Reserve Percentage is 2.6%.
More Definitions of Shrink Reserve
Shrink Reserve means an amount reasonably estimated by the Administrative Agent to be equal to that amount which is required in order that the shrink reflected in current books and records of the Borrower and the Restricted Subsidiaries would be reasonably equivalent to the shrink calculated as part of the Borrower’s most recent physical Inventory; provided that no Shrink Reserve established by the Administrative Agent shall be duplicative of any shrink as so reflected in the current books and records of the Borrower and the Restricted Subsidiaries or estimated by the Borrower for purposes of computing the Borrowing Base). The proviso to the last sentence of the definition of Borrowing Base is hereby incorporated herein mutatis mutandis.
Shrink Reserve means an amount estimated by the Administrative Agent in its Permitted Discretion to be equal to that amount which is required in order that the shrink reflected in current stock ledger of the Borrower Agent and its Subsidiaries would be reasonably equivalent to the shrink calculated as part of the Borrower Agent’s most recent physical inventory (it being understood and agreed that no Shrink Reserve established by the Administrative Agent shall be duplicative of any shrink as so reflected in the current stock ledger of the Borrower Agent and its Subsidiaries or estimated by the Borrower Agent for purposes of computing the ABL Borrowing Base other than at month’s end).
Shrink Reserve means an amount reasonably estimated by the Administrative Agent to be equal to that amount which is required in order that the Shrink reflected in current general ledger of the Parent Borrower and its Subsidiaries would be reasonably equivalent to the Shrink calculated as part of the U.S. Loan Parties’ most recent physical inventory (it being understood and agreed that no Shrink Reserve established by the Administrative Agent shall be duplicative of any Shrink as so reflected in the current general ledger of the Parent Borrower and its Subsidiaries or estimated by the Parent Borrower for purposes of computing the Borrowing Base).
Shrink Reserve means an amount reasonably estimated by any Co-Collateral Agent to be equal to that amount which is required in order that the Shrink reflected in current retail stock ledger of the Company and its Subsidiaries would be reasonably equivalent to the Shrink calculated as part of the Company’s most recent physical inventory (it being understood and agreed that no Shrink Reserve established by any Co-Collateral Agent shall be duplicative of any Shrink as so reflected in the current retail stock ledger of the Company and its Subsidiaries or estimated by the Company for purposes of computing the Borrowing Base other than at month’s end).
Shrink Reserve means an amount reasonably estimated by the Administrative Agent to be equal to that amount which is required in order that the Shrink reflected in current retail stock ledger of the Parent Borrower and its Subsidiaries would be reasonably equivalent to the Shrink calculated as part of the Borrowers’ most recent physical inventory (it being understood and agreed that no Shrink Reserve established by the Administrative Agent shall be duplicative of any Shrink as so reflected in the current retail stock ledger of the Parent Borrower and its Subsidiaries or estimated by the Parent Borrower for purposes of computing the Borrowing Base other than at month’s end).
Shrink Reserve means an amount estimated by the Agents in their Permitted Discretion to be equal to that amount which is required in order that the Shrink reflected in current stock ledger of the Borrower and its Subsidiaries would be reasonably equivalent to the Shrink calculated as part of the Borrower’s most recent physical inventory (it being understood and agreed that no Shrink Reserve established by the Agents shall be duplicative of any Shrink as so reflected in the current stock ledger of the Borrower and its Subsidiaries or estimated by the Borrower for purposes of computing the Tranche A Borrowing Base or the Tranche A-1 Borrowing Base other than at month’s end).
Shrink Reserve means an amount reasonably estimated by the Administrative Agent to be equal to that amount which is required in order that the shrink reflected in current books and records of the Holdings and its Restricted Subsidiaries would be reasonably equivalent to the shrink calculated as part of the Holdings’ and its Restricted Subsidiaries’ most recent physical Inventory (it being understood and agreed that no Shrink Reserve established by the Administrative Agent shall be duplicative of any shrink as so reflected in the current books and records of Holdings and its Restricted Subsidiaries or estimated by Holdings for purposes of computing the Revolving Borrowing Base and the FILO Borrowing Base).