Designated Reserve definition

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.

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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

• Such reserves include, without limitation, the Designated Reserve.

• In accordance with the Cash Management Agreement, following a Trigger Event and until the occurrence of a Lockbox Suspension, all excess cashflow from the Property shall be deposited on a monthly basis into the TI/LC Designated Reserve Account.

• The aggregate face amount of all Letters of Credit outstanding at any one time shall not exceed the lowest of (i) $500,000, (ii) the Maximum Amount minus the aggregate outstanding amount at such time of the Revolving Loans, and (iii) the Borrowing Base minus the aggregate outstanding amount at such time of the Revolving Loans, in each case less the Producer Payable Reserves, the Rent Reserve, the Designated Reserve and any reserves established by Bank in its reasonable credit judgment from time to time.

• From 2012 through June 30, 2022, OCF designated the aggregate amount of $2,170,000 in a Board Designated Reserve that could be used for this purpose.

• Amounts in the TI/LC Designated Reserve Account are to be used for the purpose of funding the costs of Tenant Improvements and Leasing Commissions that are paid or payable by Borrower during the term of the Loan.

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 by an order of Council under Section 26 of the Domestic Animals Act 1994

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 any of the reserves or part of the reserves as designated by signage as follows:

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 funds set aside to be used for a particular purpose in the future;

Designated Reserve means those parts of the following reserves as are designated by signs and shown on the attached maps as off leash areas.