Emergency Reserve definition

Emergency Reserve means a cash reserve, in the amount of $100,000 for each Facility, to be maintained to address contingencies and which may be withdrawn by the applicable Owner at any time and from time to time.
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Examples of Emergency Reserve in a sentence

  • Emergency Reserve Capacity is defined as the capacity provided during the first 12 hours (or the remainder of the calendar day, if greater than 12 hours) following the emergency loss of a resource.

  • The period during which Emergency Reserve Capacity is supplied shall be defined as the Emergency Period.

  • In addition, there is an Operating Fund and an Emergency Reserve.

  • Net New Money shall be defined as the projected increase in total program revenue less the increases in district expenses required to fulfill the following state and local mandates: charter schools, instructional supplies and materials, pupil count requirements, capital reserve fund and risk fund allocation, ▇▇▇▇▇ Emergency Reserve and any such new mandates as required by legislation.** **Refer to agreed upon cost procedural documents.

  • The provisions of this Article XI govern the calculation of the Emergency Reserve Fund payment requirement, and the uses and investment of moneys in the Emergency Reserve Fund.

  • All moneys and securities held in the funds listed above shall be held by City separate and apart from all other funds of City and shall be applied and withdrawn only as set forth in this Section 7.10, except with respect to the Airport Development Fund and the Emergency Reserve Fund, which are governed by Articles X and XI, respectively.

  • Any portion of this 10-day allowance unused during a school year shall be credited to a Sick Leave Emergency Reserve.

  • Subject to subsection (a) of Section 11.03, any earnings from such investments shall become part of the Emergency Reserve Fund and any losses shall be borne by such fund.

  • Any balance in the Emergency Reserve Fund shall be invested as deemed prudent by City.

  • Any portion of this 12 day allowance unused during a school year shall be credited to a Sick Leave Emergency Reserve.