Initial Reserve definition

Initial Reserve shall have the meaning set forth in Section 3.1(d).
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Initial Reserve. Report shall mean collectively the reports, copies of which have been delivered to the Administrative Agent, dated as of October 1, 2003, prepared by ▇▇▇▇▇▇ & Company, Inc.
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Initial Reserve means an Availability Reserve in the amount of $5,000,000 established with respect to the US Borrowing Base and which shall expire on the first anniversary of the Closing Date.
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Examples of Initial Reserve in a sentence

  • On the Closing Date, the Depositor shall deposit the Initial Reserve Account Deposit into the Reserve Account.

  • The Purchaser shall deposit an amount equal to the Initial Reserve Account Deposit into the Reserve Account, which account shall be an asset of the Issuer.

  • On the Closing Date, the Depositor shall deposit the Initial Reserve Account Deposit into the Reserve Account from the net proceeds of the sale of the Notes.

  • The Purchaser shall deposit, from funds it receives from the issuance of the Notes, an amount equal to the Initial Reserve Account Deposit into the Reserve Account, which amount shall be an asset of the Issuer.

  • On the Closing Date, the Seller shall cause to be deposited in the Reserve Fund the Initial Reserve Fund Deposit Amount.

  • The Global Administrative Agent and the Lenders shall have received and shall be satisfied with the contents, results and scope of the Initial Reserve Report.

  • On the Closing Date, the Reserve Account will be funded with the Initial Reserve Account Deposit.

  • The Administrative Agent shall have received the Initial Reserve Report.

  • The establishment of each Reserve Account with balances equal to any Initial Reserve Deposit thereto required by this Loan Agreement (including the Program Rider) or any of the other Loan Documents.

  • On the Closing Date there shall be deposited into the Issuance Fund an amount equal to (a) the gross proceeds from the sale of the Class A Notes and Class B Notes plus (b) the Costs of Issuance of the offering of the Notes and the Initial Reserve Fund Deposit to be supplied by the Seller.


More Definitions of Initial Reserve

Initial Reserve. As of the date hereof, the amount of the FX Reserve is $250,000.
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Initial Reserve means the sum of (a) the Initial Reserve as defined in the Exchange Agreement between the Company and FSV and (b) the Initial Reserve as defined in the Exchange Agreement between the Company and Senyun.
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Related to Initial Reserve

  • Initial Reserve Report means the report prepared as of December 31, 2016 by Netherland, ▇▇▇▇▇▇ & Associates, Inc. with respect to the Oil and Gas Properties of the Credit Parties to which Proved Reserves are attributed.

  • Capital Reserve means for any period and with respect to a Property (other than any Projects Under Development), an amount equal to the product of (i) the gross leaseable area contained in such Property (in square feet), multiplied by (ii) $0.30 per annum.

  • Initial Reserve Account Deposit means $3,000,000.

  • Capital Reserves means, for any period and with respect to a Property, an amount equal to (a) $0.05 per square foot times (b) a fraction, the numerator of which is the number of days in such period and the denominator of which is 365. If the term Capital Reserves is used without reference to any specific Property, then the amount shall be determined on an aggregate basis with respect to all Properties of the Trust and its Subsidiaries and a proportionate share of all Properties of all Unconsolidated Affiliates.

  • Total Reserves means, at any time of determination, an amount equal to the product of (i) the sum of: (a) the Yield Reserve Percentage, plus (b) the greater of (I) the sum of the Concentration Reserve Percentage, plus the Minimum Dilution Reserve Percentage and (II) the sum of the Loss Reserve Percentage, plus the Dilution Reserve Percentage, times (ii) the Net Receivables Pool Balance at such time.