Common use of Availability Reserves Clause in Contracts

Availability Reserves. All Revolving Loans otherwise available to Canadian Borrower pursuant to the lending formulas are subject to the Canadian Revolving Maximum Credit and other applicable limits hereunder and shall be subject to Agent’s continuing right to apply, establish and revise Availability Reserves.

Appears in 2 contracts

Sources: Canadian Loan Agreement (SMTC Corp), Canadian Loan Agreement (SMTC Corp)

Availability Reserves. All Revolving Loans otherwise available to Canadian Borrower pursuant to the lending formulas are subject to the Canadian Revolving Maximum Credit and other applicable limits hereunder and shall be subject to AgentLender’s continuing right to apply, establish and revise Availability Reserves.

Appears in 1 contract

Sources: Canadian Loan Agreement (SMTC Corp)