Equipment Reserves definition

Equipment Reserves means such reserves as the Administrative Agent from time to time determines in the Administrative Agent’s reasonable discretion as being appropriate to reflect the Agents’ ability to realize upon any Eligible Fixed Assets.
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Equipment Reserves means, as of any date of determination, (a) Landlord Reserves, and (b) those reserves that Agent deems necessary or appropriate, in its Permitted Discretion and subject to Section 2.1(c), to establish and maintain with respect to Eligible Equipment or the Maximum Revolver Amount.
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Examples of Equipment Reserves in a sentence

  • Park Avenue and the park shelter as well as wireless connectivity between the Church Street parking ramp/City Hall, Shattuck Park/Library and Whiting Boathouse & Doty Park/Library at a cost not to exceed $110,000 with funding split between the Information Systems 2015 CIP budget ($65,500) and Capital Equipment Reserves ($44,500).

  • The Equipment Reserves are funded by revenue generated when mobile equipment is rented to individuals, other levels of government, other organizations or private enterprises (where no commercial alternative exists within the community).Twenty five percent of this revenue shall be transferred into the Mobile Equipment Reserve.

  • Jacobs noted that if these funds are transferred to Equipment Reserves then the District will have more funds in Equipment Reserves than in Building Reserves.

  • OSU Research Office – Research Equipment Reserves Fund (2001); $3195; P.I.; Acquistion of Harvester Technology, Inc.

  • Vice President Brier motioned to move the excess $76,000 into the Equipment Reserves Fund.

  • Consideration of Committee’s recommendation regarding purchase of Fresh Gear RSS in the amount of $19,845 using Capital Equipment Reserves with the expectation that the reserves will be reimbursed if Federal COVID-19 funds are received.

  • A cost of $100,000 will be paid for with Equipment Reserves (111) and General street funds.

  • The funds for this purchase would come from the Equipment Reserves which presently has a balance of $1,012,765.

  • Municipalities with older equipment in their basic fleet, and/or havinginsufficient funds in their Reserve to keep up with replacement of equipment in the early years of the program may require additional support from CGS or need to use innovative or alternative financing options.Municipalities entering the Municipal Mobile Equipment Program with existing Mobile Equipment Reserves that are not fully funded will be required to develop a plan for achieving full funding of the reserve in a timely manner.

  • Consideration of Committee’s recommendation regarding authorizing the Neenah Police Department to purchase the Fresh Gear RSS, out of Capital Equipment Reserves.

Related to Equipment Reserves

  • Replacement Reserve As defined in Section 9.5.1.

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Replacement Reserve Fund shall have the meaning set forth in Section 7.3.1 hereof.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Rent Reserve means, with respect to any leased store, warehouse distribution center, regional distribution center or depot where any Inventory subject to Liens arising by operation of law is located, a reserve equal to two months’ rent at such store, warehouse distribution center, regional distribution center or depot.

  • Operating Reserve means generation capacity or load reduction capacity which can be called upon on short notice by either Party to replace scheduled energy supply which is unavailable as a result of an unexpected outage or to augment scheduled energy as a result of unexpected demand or other contingencies.

  • Cash Management Reserves means such reserves as the Agent, from time to time, determines in its Permitted Discretion as being appropriate to reflect the reasonably anticipated liabilities and obligations of the Loan Parties with respect to Cash Management Services then provided or outstanding.

  • Interest Reserve means, for any Calculation Period, the product (expressed as a percentage) of (i) 1.5 times (ii) the Alternate Base Rate as of the immediately preceding Cut-Off Date times (iii) a fraction the numerator of which is the highest Days Sales Outstanding for the most recent 12 Calculation Periods and the denominator of which is 360.

  • Required Reserves at any time means the sum of (a) the Yield Reserve, plus (b) the Servicing Fee Reserve, plus (c) the Net Pool Balance multiplied by the greater of (i) the sum of the Loss Reserve Ratio and the Dilution Reserve Ratio and (ii) the Minimum Reserve Ratio, each as in effect at such time.

  • Inventory Reserves means such reserves as may be established from time to time by the Agent in its Permitted Discretion with respect to the determination of the saleability, at retail, of the Eligible Inventory, which reflect such other factors as affect the market value of the Eligible Inventory or which reflect claims and liabilities that the Agent determines will need to be satisfied in connection with the realization upon the Inventory. Without limiting the generality of the foregoing, Inventory Reserves may, in the Agent’s Permitted Discretion, include (but are not limited to) reserves based on:

  • Loan Loss Reserves means funds held by the Seller to cover potential losses in connection with the mortgage loans owned in the Seller’s portfolio, including without limitation any amounts required to be maintained and held as a loan loss reserve in accordance with GAAP and any other regulatory requirement applicable to the Seller.

  • Receivables Reserves mean such reserves as may be established from time to time by the Administrative Agent in the Administrative Agent’s Permitted Discretion with respect to the determination of the collectability in the ordinary course of Eligible Accounts Receivables, including, without limitation, reserves for dilution.

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • Cash Reserve means for any Financed Receivable which has been paid in full during a Monthly Period, the amount by which the amount(s) paid on such Financed Receivable exceeds the Advance made on such Financed Receivable.

  • Loss Reserve means, on any date, an amount equal to the Loss Percentage multiplied by the Net Receivables Balance as of the close of business of the Servicer on such date.

  • Reserve Draw Amount shall have the meaning specified in subsection 4.12(c).

  • Interest Reserve Amount has the meaning set forth in Section 5.1(d).