Question

4. Write a note on Royalty Reserve .​

Answer 1

Royalty Reserve means, on any date, an amount equal to the sum of:

(i) all Royalties that are more than 60 days past due and payable by the Borrower on such date, and

(ii) all Royalties that would be payable upon the sale or other disposition of Eligible Inventory, assuming (for purposes of calculating the amount of such reserve) that such Eligible Inventory would be sold at its Value.

Answer 2

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$<font color="green"><i>$Royalty Reserve means, on any date, an amount equal to the sum of:

(i) All Royalties that are more than 60 days past due and payable by the Borrower on such date.

(ii) All Royalties that would be payable upon the sale or other disposition of Eligible Inventory, assuming (for purposes of calculating the amount of such reserve) that such Eligible Inventory would be sold at its Value.
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$<font color="blue"><b>$$<marquee>$Thanks✊..