Designated Reserve means a reserve established from time to time by the Administrative Agent in respect of Designated Funds; provided, however, that (a) the Administrative Agent shall not establish a Designated Reserve except to the extent Designated Funds have been applied to the Obligations (whether because the Lead Borrower elected to apply such funds to the Obligations, because such funds have been applied to the Obligations pursuant to Section 2.19, or otherwise); (b) such reserve shall be eliminated to the extent such funds lose their status as Designated Funds (as contemplated in the proviso of the definition of “Designated Funds”); and (c) as contemplated in the definition of “Reserves,” such reserve shall not be included for purposes of calculating average daily Excess Availability for purposes of determining the Applicable Rate or calculating Unused Fees.
Designated Reserve means, in addition to all other reserves under this Agreement and the Related Documents, a reserve against any credit balance or other amounts payable or available to Customer from the Collected Reserve, the amount of which reserve is, as of June 1, 2014, $4,650,000 and which reserve shall be adjusted in accordance with Section 3.21 hereof.
Designated Reserve means the reserve to be instituted by Lender against the Borrowing Base on the Effective Date in the amount of $350,0000.
Examples of Designated Reserve in a sentence
All future sewage disposal system repairs shall be completed in the Designated Reserve areas and shall meet Class I Standards.
The Board Designated Reserve Fund is used to offset any year-end deficits in the Operating Fund and for such other purposes as the Board may from time to time determine.
Such reserves include, without limitation, the Designated Reserve.
The target range for any Designated Reserve will be determined by the nature of the designation itself; the reserves will be derived from unrestricted and restricted funds where applicable.
At the Board meeting on January 30, 2020 the Finance Committee reported on their discussion to recommend increasing the Designated Reserve Fund at LAIF from its current amount of approximately $1,700,000 to $2,000,000.
More Definitions of Designated Reserve
Designated Reserve means the whole or part of a reserve designated by signage and on the City of Melbourne website as being available for the unleashing of dogs at the time(s) signposted. The following reserves have designated dog off leash areas:
Designated Reserve means a reserve or other place which has been designated as such by an order of Council under section 26 of the Domestic Animals Act 1994; and
Designated Reserve means those parts of the following reserves as are designated by signs and shown on the attached maps as off leash areas.
Designated Reserve means a reserve established from time to time by the Administrative Agent in respect of Designated Funds; provided, however , that (a) the Administrative Agent shall not establish a Designated Reserve except to the extent Designated Funds have been applied to the Obligations (whether because the Lead Borrower elected to apply such funds to the Obligations, because such funds have been applied to the Obligations pursuant to Section 2.19 , or otherwise); (b) such reserve shall be eliminated to the extent such funds lose their status as Designated Funds (as contemplated in the proviso of the definition of “Designated Funds”); and (c) as contemplated in the definition of “Reserves,” such reserve shall not be included for purposes of calculating average daily Excess Availability for purposes of determining the Applicable Rate or calculating Unused Fees.
Designated Reserve means a reserve or other place which has been designated by an order of Council under Section 26 of the Domestic (Feral and Nuisance) Animals Act 1994; and
Designated Reserve means any of the reserves or part of the reserves as designated by signage as follows: