Special Availability Reserve definition

Special Availability Reserve shall have the meaning set forth in Section 2.7 hereof.

Special Availability Reserve means, at any time, $1,500,000.

Special Availability Reserve means the amount equal to $5,000,000.

Examples of Special Availability Reserve in a sentence

• LOAN AVAILABILITY AND BORROWING BASE: Revolving Loans and LCs under the ABL Exit Facility will be limited to (a) 85% of eligible accounts receivable; plus (b) the lesser of 75% of eligible inventory or 85% of the appraised net orderly liquidation value of eligible inventory, plus (c) Equipment Availability, then in effect; minus (c) the sum of (i) the Special Availability Reserve, (ii) the Bank Products Reserve, and (iii) the amount of such reserves as Agent may establish in good faith.

• First aid measures in case of inhalation:Transport the person outdoors and keep it in aposition that makes it easier for you to breathe.

• Section 3.3 of the Covenant Supplement is hereby amended by increasing the Special Availability Reserve to $2,000,000; provided, that, upon the delivery of the September Appraisal (as such term is defined in the Inventory and Equipment Security Agreement Supplement to the Accounts Financing Agreement [Security Agreement], between Congress and Borrower, dated as of June 16, 1992, as amended) the Special Availability Reserve shall be reduced to $1,000,000.

• As used herein, the term "Special Availability Reserve" shall mean a reserve in an amount equal to the Borrowing Base (calculated without regard to the Special Availability Reserve) minus $8,000,000, and the Loan Agreement shall be deemed and is hereby amended to include, in addition and not in limitation, such definition.

• The Letter of Credit Availability shall be recalculated based on the results of such appraisals and the Special Availability shall, effective on the first day of the month after the date of the receipt of the appraisals, be released and reduced to zero (0) until the first day of the next month and on the first day of the next month the Special Availability Reserve shall be $350,000 and shall increase thereafter as of the first day of each month as provided above.

More Definitions of Special Availability Reserve

Special Availability Reserve means a reserve in an amount equal to the Borrowing Base (calculated without regard to the Special Availability Reserve) minus $8,000,000, and the Loan Agreement shall be deemed and is hereby amended to include, in addition and not in limitation, such definition.

Special Availability Reserve means $3,750,000.

Special Availability Reserve means the Availability Reserve established by Lender upon the closing of the sale by Borrower of its real property located in Cortland, New York in an amount equal to $750,000."

Special Availability Reserve means the special Reserve established by Agent reducing the amount of Loans and Letter of Credit Accommodations which would otherwise be available to Borrowers in the amount of $0; provided, that, the amount of such special Reserve shall be $10,000,000 from and at all times after the first date on which the aggregate Excess Availability of Borrowers at any time during any week set forth on Schedule 1 to Amendment No. 16 has fallen below the amount set forth on such Schedule for such week.

Special Availability Reserve shall have the meaning set forth in Section 3.3 hereof.

Special Availability Reserve means the Availability Reserve in the amount equal to $9,578,000 established as of the date hereof reducing the amount of Revolving Loans and Letter of Credit Accommodations otherwise available to Borrowers, provided, that, if after the date hereof, but prior to November 30, 1998, Lender shall receive a revised or supplemental report from MB Valuation or another appraiser acceptable to Lender, in form and substance satisfactory to Lender, in connection with the appraisal of the Equipment delivered by MB Valuation to Lender on or about September 11, 1998 which increases the amount of the orderly liquidation value of the Equipment owned by Borrowers included in such appraisal and/or includes the orderly liquidation value of other Equipment owned by a Borrower (free and clear of any lien, security interest, lien claim or other encumbrance, except in favor of Lender) and acceptable to Lender, so that the increase in the amount of the orderly liquidation value of the Equipment previously included in the appraisal, together with the orderly liquidation value of such other Equipment, is greater than $1,900,000, the Special Availability Reserve shall be decreased by the amount by which such increase and such value exceeds $1,900,000 (provided, that, no Event of Default shall exist or have occurred and be continuing).

Special Availability Reserve means, as of March 1, 2004, a reserve established by Agent in the amount of $5,750,000.