Collateral Reserve definition

Collateral Reserve set forth in Section 1.1 of the Loan Agreement is amended and restated in its entirety, as follows:

Collateral Reserve means an amount equal to $11,500,000; provided, that upon a sale and leaseback transaction with respect to the Real Property owned by Electric and located at 0000 Xxxxx Xxxx Xxxxxx in Anaheim, California that is consummated in compliance with each of the requirements set forth in clause (m) of the definition of Permitted Disposition, such amount shall be reduced to $10,000,000."

Collateral Reserve means a reserve in the amount of $3,000,000.00, as such amount may be increased or decreased from time to time in the commercially reasonable credit judgment of the Administrative Agent.

Examples of Collateral Reserve in a sentence

• The total debt of the Fund shall at no time exceed the resources of the Collateral Reserve.

• In the Forbearance Agreement, the Debtors acknowledged that funds on deposit in the Citizens Collateral Reserve Account constituted Collateral for the Prepetition RBL Facility and the Prepetition Hedge Obligations.

• The underlying bond has since been redeemed and the loan along with the reserve for replacement account for Chesapeake Commons, reside in the Collateral Reserve Fund in the Administration's Residential Revenue Bonds.15 Insured under the FHA Risk Sharing program.

• Employees must immediately notify their supervisor in the event of an on-the-job injury.

• The Debtors and the Prepetition RBL Agent and Prepetition RBL Lenders have further agreed that the Unreimbursed Balance shall remain on deposit in the DTC Collateral Reserve Account pending further order of this Court.

More Definitions of Collateral Reserve

Collateral Reserve as defined in Section 1 of the Loan Agreement is hereby deleted in its entirety, and in lieu thereof, the following is inserted:

Collateral Reserve means, initially an amount equal to One Million Four Hundred Thousand and 00/100 Dollars ($1,400,000.00). The Collateral Reserve shall be reduced by an amount equal to the amount of all payments made after the date of this Loan Agreement to purchase, redeem or apply to principal on certain Industrial Development Revenue Bonds (the "Bonds") issued in the original amount of $5,225,000.00 by The Industrial Development Board of the City of Demopolis, Alabama (the "Issuer") pursuant to a Trust Indenture dated as of April 1, 1997 between LaSalle National Bank, as Trustee, and the Issuer, with respect to which Standard Federal has issued an irrevocable letter of credit in favor of the Trustee to secure payment of the principal and purchase price of, and interest on, the Bonds.

Collateral Reserve means $850,000.

Collateral Reserve means an amount equal to $7,000,000. "

Collateral Reserve means the reserve established from funds deducted from each Revolving Advance and/or otherwise pursuant to Section 2.4 hereof that are established as a cash collateral reserve to be held in the Collateral Reserve Account.

Collateral Reserve means $2,000,000; provided, however, in the event Borrower achieves positive EBITDA from operations for two consecutive calendar quarters from and after the date of this Agreement, Collateral Reserve shall at all times thereafter mean $1,500,000.

Collateral Reserve means an amount equal to $5,000,000. "