Fleet Reserve definition

Fleet Reserve means a reserve amount equal to GLC’s good faith estimate of unpaid trailing expenses for the Lease Fleet.

Examples of Fleet Reserve in a sentence

  • Members of the Fleet Reserve on active duty who desire to continue on active duty beyond their EAOS dates may enter into active duty agreements only upon the approval of the NAVPERSCOM.

  • The amount in the Fleet Reserve Sub-Account to be released to Borrower pursuant to this Section will be an amount equal to the product of (i) $500,000 and (ii) a fraction no greater than one, the numerator of which is the Rents (on an annualized basis and which have not been included in any prior releases of funds pursuant hereto) that have been replaced by tenants occupying the Fleet space and the denominator of which is $588,077 (the annual amount of Rent paid by Fleet).

  • Governing Board costs (The District is responsible for any per diems and expenses related to its non-voting RFA Board member), Election costs and fees, Benefit Charge collection costs, Contracted Overtime, RFA LEOFF 1 post retirement costs, and transfers out to Operating, Facilities, and Fleet Reserve Accounts shall be excluded from the Administrative Overhead calculation.

  • Notwithstanding anything contained herein to the contrary, on the Closing Date Borrower shall deposit (i) the Initial Basic Carrying Costs Amount into the Basic Carrying Costs Sub-Account, (ii) the Initial Capital Reserve Amount into the Capital Reserve Sub-Account, (iii) the Initial Tenant Rollover Reserve Amount into the Tenant Rollover Sub-Account and (iv) the Initial Fleet Reserve Amount into the Fleet Reserve Sub-Account.

  • Enlisted members of the Fleet Reserve, who have been authorized General Assignment/Recall for 24 to 36 months may not reenlist, obligate for orders, or continue on active duty without prior approval from NAVPERSCOM (PERS-811H).

  • The name of the Fund shall be the ▇▇▇▇▇ -▇▇▇▇▇▇ ▇▇▇▇▇ Memorial Scholarship sponsored by the Virginia Beach Fleet Reserve Association (FRA) Branch 166.

  • All funds remaining in the Fleet Reserve (as Residual Income or otherwise) as well as all future income related to the Lease Fleet (whether Lease Income, income arising from a Lease Fleet Event, or otherwise) shall be the exclusive property of GLC and the Company shall have no rights thereto.

  • This SkillBridge Internship will start on 04 February 2019 and will conclude on 30 April 2019, whereupon the service member will commence final U.S. Navy checkout obligations until officially transferred to the Fleet Reserve.

  • As users of the Fleet Reserve Association Branch #310, we agree to protect, indemnify, and hold harmless the FRA #310 from any and all cost, damages, or expense arising out of or from any accident, or other occurrence on these premises causing injury to any person or property.

  • Pay and benefits re- ceived by a member based on condi- tions of the retirement law, pay grade, years of service, date of retirement, transfer to the Fleet Reserve or Fleet Marine Corps Reserve, or disability.