Extract to table

From and after the Closing Date through the first adjustment date (which shall be the first day of the second full calendar month following the Closing Date), Level II pricing shall apply

If the Borrower fails to deliver a Borrowing Base Certificate when required hereunder, Level III pricing shall be deemed to apply until such time as the required Borrowing Base Certificate is delivered

"Assignment and Assumption" means an assignment and assumption agreement entered into by a Lender and an assignee, and accepted by the Administrative Agent (and, if required, the Borrower), in substantially the form of Exhibit D hereto, or any other form approved by the Administrative Agent, pursuant to which such assignee agrees to become a Lender hereunder

As of the Closing Date, the initial Availability Reserves shall be $3,500,000

The Administrative Agent may, in the exercise of its Permitted Discretion, increase or establish additional Availability Reserves upon not less than five (5) Business Days' prior written notice to the Borrower, which notice shall set forth in reasonable detail the basis for such increase or establishment

The Borrower shall have the right to request a review of any Availability Reserve upon not less than ten (10) Business Days' prior written notice to the Administrative Agent, and the Administrative Agent shall, within a reasonable period of time following receipt of such request, review the applicable reserve and determine whether any adjustment is appropriate