Additional Reserves definition

Additional Reserves means reserves against the Borrowing Base other than the Letter of Credit Reserve, the Dilution Reserve or the Availability Reserve, established by the Administrative Agent from time to time in the exercise of its reasonable credit judgment.

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Additional Reserves means the additional mining reserves at the Quarry in the 23-acre ▇▇▇▇▇▇ Parcels and the paper street rights-of-way within the boundaries of the Mining Area.

Additional Reserves means (i) the Senior Note Refinancing Reserve and (ii) such reserves as the Administrative Agent may reasonably deem proper and necessary from time to time (but without duplication of exclusions of Receivables (or portions of Receivables) or other amounts from the Borrowing Base Amount pursuant to the definition of “Eligible Receivables” in this Article I.

Examples of Additional Reserves in a sentence

• In no event shall the General Escrow Amount be paid for expenses incurred for drilling after the date that 10 Million tons of Additional Reserves are proven.

• These Additional Reserves are to be established by drilling reserves covered by existing leases of the Acquired Companies or under new leases, agreements or other arrangements that are in active negotiation by the Acquired Companies as of the date of this Agreement, rather than under new leases not being pursued as of the date of this Agreement.

• In the event that Agent has received, on or before the Escrow Release Date, a notice submitted in good faith by Sellers that there is a dispute regarding Additional Reserves (a “Reserve Dispute”), then the portion of the General Escrow Amount subject to such Reserve Dispute shall continue to be held by the Escrow Agent until the Reserve Dispute has been resolved.

• After the Closing Date, Buyer shall provide Agent with regular updates of the status of its drilling program with respect to the Additional Reserves, including providing any data reasonably requested by Agent.

• The portion of such $5,000,000 (less drilling expenses paid pursuant to Section 2.8(b)(iv)) to be released to Buyer shall be equal to the ratio of (A) 10 Million minus the number of tons of Additional Reserves proven prior to the Escrow Release Date, to (B) 10 Million tons.

More Definitions of Additional Reserves

Additional Reserves means the aggregate, incremental statutory reserves held by the Targets as a result of premium deficiency testing and cash flow testing, as shown in Exhibit 6, Row 3, Column 1 in each Target’s Statutory Statements as of the applicable date or, if the relevant location of such amount changes in such Annual Statements, in the location or locations that supersedes the prior location. As of December 31, 2014, the Additional Reserves equal $ 75,312,811.

Additional Reserves means certain reserves or write-offs that the Company and its Subsidiaries, on a consolidated basis, would be required to establish for certain additional outstanding receivables or claims originated prior to December 31, 2001, so long as such reserves or write-offs are established after the Fifth Amendment Effective Date.

Additional Reserves means the aggregate, incremental statutory reserves held by the Targets as a result of premium deficiency testing, as reflected in CLIC’s annual audited Statutory Statements as of the applicable date.

Additional Reserves has the meaning set forth in Section 2.8(b)(i).

Additional Reserves means such reserves as the Administrative Agent may reasonably deem proper and necessary from time to time (but without duplication of exclusions of Receivables (or portions of Receivables) or other amounts from the Borrowing Base Amount pursuant to the definition of “Eligible Receivables” in this Article I), including (i) reserves for dilution of Receivables, and (ii) reserves to the full amount of the Carve Out.

Additional Reserves. Such reserves as the Lender from time to time determines in the Lender's reasonable discretion. Without limiting the generality of the foregoing, Additional Reserves may include (but are not limited to) reserves based on the following:

Additional Reserves means, collectively, the Interest Reserves and the Inventory Reserves.