Examples of Maintenance Reserve Amount in a sentence
Xxxxxx authorizes Xxxxxx to reimburse itself for its Prefunded Repair and Maintenance Reserve Amount by deducting from monthly Gross Receipts the amount that is one-quarter of the Prefunded Repair and Maintenance Reserve Amount in the third through sixth months of the Term.
Should the actual Flight Hour to Cycle ratio for any month be greater or less than 5:1, the Monthly Maintenance Reserve Amount for Engine Performance Restoration shall be adjusted upward or downward, respectively, based upon the rate set forth on Schedule 4 that most closely corresponds to the actual Flight Hour to Cycle Ratio.
Reserves Trigger EventLPC ceases to have at least the following ratings: (a) by DBRS: BBB(low); or (b) by S&P: a long-term rating of BBB with an A-2 short-term rating, otherwise a long-term rating of BBB+;The Maintenance Reserve Ledger will be funded up to the Required Maintenance Reserve Amount with the proceeds of the Maintenance Reserve Advance.
Nature ofTrigger/RequiredRatings Description of Trigger/Required Ratings Consequence of Trigger On the Closing Date, a Reserves Trigger Event is outstanding and the Required Commingling Reserve Amount, Required Maintenance Reserve Amount and Required Set-Off Reserve Amount have therefore been funded.
On the Closing Date, a Reserves Trigger Event is outstanding and the Required Maintenance Reserve Amount have therefore been funded.
If and to the extent the Maintenance Reserve Amount will be applied toward the payment of any Maintenance Costs which are not settled by the Maintenance Coordinator, a corresponding amount shall be debited from the Maintenance Reserve Ledger.
The Budget Category Amount for (i) the Completion Date funding of the Debt Service Reserve Account shall be at least the Required Initial Debt Service Reserve Deposit Amount, (ii) the Completion Date funding of the Repair and Maintenance Account shall be at least the Initial Repair and Maintenance Reserve Amount and (iii) the Heat Rate Bonus shall be $6,000,000.
The JEDH will also benefit at a later stage in 2009 from a joint project between the IMF and World Bank aimed at extending their QEDS database to subscribers of the IMF’s General Data Dissemination Standards (GDDS), particularly low-income countries.
In connection with a refinancing of Notes and Certificates undertaken by Airplanes Group in 2001, the Maintenance Reserve Amount was split, such that $60,000,000 was required to be retained as the First Collection Account Top-up at level (iii) in the priority of payments under the Indentures and the balance of $20,000,000 was required to be retained as part of the Second Collection Account Top-up at level (x) in the priority of payments.
As disclosed more fully in the Annual Report, since December 2003 our cash flows have been insufficient to allocate any funds to the Second Collection Account Top-up and therefore the amount we are currently retaining each month as the Maintenance Reserve Amount is $60,000,000.