Major Maintenance Reserve Requirement definition

Major Maintenance Reserve Requirement means, with respect to any month, an amount established periodically by the Project Engineer, based on anticipated major maintenance requirements for the next five years, to constitute the Major Maintenance Reserve Requirement for the Facility for such month.
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Major Maintenance Reserve Requirement has the meaning assigned to it in Appendix A to the MSA.
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Major Maintenance Reserve Requirement has the meaning given in Section 1.1 of the Depositary Agreement.
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Examples of Major Maintenance Reserve Requirement in a sentence

  • As a result of the issuance of the Series 2011 Project Debt, the Capital Expenditures Reserve Fund shall be in an amount not less than the Capital Expenditures Reserve Requirement, the Major Maintenance Reserve Fund shall be in an amount not less than the Major Maintenance Reserve Requirement and the Rate Stabilization Reserve shall be in an amount not less than the Rate Stabilization Reserve Requirement.

  • The Borrower shall permit the Independent Engineer, if any, to review the amounts projected by the Borrower for the Major Maintenance Reserve Requirement and, if necessary, provide the Borrower with its recommendations for adjustments to such amounts.

  • The Borrower hereby acknowledges the transfers contemplated in the Account Agreement with respect to allocating funds for the Major Maintenance Reserve Requirement.


More Definitions of Major Maintenance Reserve Requirement

Major Maintenance Reserve Requirement has the meaning given in Section 5.15.5.
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Major Maintenance Reserve Requirement means $5,000,000.
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Major Maintenance Reserve Requirement means, for each Project, the "Major Maintenance Reserve Requirement" as defined in the applicable Project Company Depositary Agreement.
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Major Maintenance Reserve Requirement shall be calculated from and after the Phase 2 Work Completion Date as follows: at the start of year “N”, the Major Maintenance Reserve Requirement will be the sum of the following amounts (excluding Maintenance Capex projected to be expended to satisfy the Handback Requirements (as such term is defined in the Concession Agreement)):
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Major Maintenance Reserve Requirement means the sum of (a) the amount equal to 100% of the Major Maintenance Expenses projected to be incurred in the next Fiscal Year from the date of calculation as set forth in the Project Budget, (b) the amount equal to 80% of the Major Maintenance Expenses project to be incurred in the second Fiscal Year from the date of calculation as set forth in the Project Budget, (c) the amount equal to 50% of the Major Maintenance Expenses projected to be incurred in third Fiscal Year from the date calculation as set forth in the Project Budget, (d) the amount equal to 25% of the Major Maintenance Expenses projected to be incurred in the fourth Fiscal Year from the date of calculation as set forth in the Project Budget, and
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Major Maintenance Reserve Requirement shall have the meaning given ------------------------------------- to such term in the Deposit and Disbursement Agreement.
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Major Maintenance Reserve Requirement has the meaning given to such term in the Security Deposit Agreement.
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