Minimum Reserve means, on any day, an amount equal to: (a) the sum of the Aggregate Capital plus the Aggregate Adjusted LC Participation Amount at the close of business of each Servicer on such day multiplied by (b) the sum of (i) (x) the Minimum Loss Reserve Percentage on such day, divided by (y) 100% minus the Minimum Loss Reserve Percentage on such day, plus (ii) (x) the Minimum Dilution Reserve Percentage on such day, divided by (y) 100% minus the Minimum Dilution Reserve Percentage on such day.
Minimum Reserve means US$250,000,000 (provided, however, that the Minimum Reserve shall be decreased by an amount equal to US$5,300,000 upon the termination of any Charter after the date hereof other than by reason of default by the Charterer under this Agreement or the Charters).
Minimum Reserve means, as of any date, the maximum aggregate number of shares of Common Stock potentially issuable in the future pursuant to the Transaction Documents, including without limitation any and all Shares and any and all Underlying Shares issuable directly or indirectly upon conversion, exercise and/or exchange in full of all Securities in accordance with the terms of such Securities (including Underlying Shares reasonably anticipated to be issued or issuable as payment of interest, dividends, amortization payment or otherwise through the end of the term of such security), without regard for any conversion, exercise or exchange limitations or restrictions set forth therein and whether or not such Securities are then convertible, exercisable or exchangeable, and assuming that (a) the effective applicable Conversion Price, Exercise Price and/or Exchange Price is at all times on and after the date of determination equal to the lowest fixed conversion, exercise and/or exchange price in effect or to be in effect over the term of the Security, provided that if any such Conversion Price, Exercise Price and/or Exchange Price is subject to Full-Ratchet Anti-Dilution Adjustment, Weighted-Average Anti-Dilution Adjustment, Below-Market Anti-Dilution Adjustment or other adjustment in the future or such Securities are subject to conversion, exercise or exchange based on a future market price, then 75% of such lowest conversion, exercise and/or exchange price shall be used, unless such adjustment provision provides for a minimum conversion, exercise and/or exchange price, in which case such minimum price shall be used, and (b) if the number of Warrant Shares is subject to increase in the future, whether based upon and/or varying with the trading prices of or quotations for the Common Stock at any time after the initial issuance of such Warrants or based upon other events or time, then 133% of the maximum aggregate number of Warrant Shares potentially issuable under the Warrants determined as of such date shall be used, unless such Warrants provide for a maximum number of shares which may be issued thereunder, in which case such maximum number shall be used. Such Minimum Reserve shall be appropriately and equitably adjusted for any stock split, reverse split, stock dividend, reclassification or similar event with respect to the Common Stock.
Examples of Minimum Reserve in a sentence
The Minimum Reserve, set forth in this Plan shall not be considered reasonably available assets of the Association when determining whether an excess deficit has occurred.
As of the date of this release, minimum reserve requirements on AR$ deposits are as follows: Minimum Reserve Requirements Related to US$ Deposits, minimum cash reserve requirements are 25% for Demand Deposits and 23% for time deposits of up to 29 days of residual term.
More Definitions of Minimum Reserve
Minimum Reserve means an amount set forth in this plan which is maintained by the Association for the payment of salaries and other expenses necessary for the continuous and ongoing operation of the Association. (§ 83-34-1(o))
Minimum Reserve means an amount which is equal to the lesser of (i) ten percent of the proceeds of the Bonds as the term proceeds is used in Section 148(d)(1) of the Code, (ii) the maximum annual debt service on the Bonds, or (iii) 125% of the average annual debt service on the Bonds.
Minimum Reserve means a reserve in the amount of $6,000,000 to be used to fund Debt Service shortfalls and to fund Capital Improvements approved by the Administrative Committee pursuant to Article 9 of the UTS Participation Agreement.
Minimum Reserve means the aggregate of the deposits and cash amounts established by the Parent or its Subsidiaries in an aggregate amount of at least $2 million.
Minimum Reserve for any day during a Calculation Period means the product of (i) the Net Pool Balance at such time times (ii) the Minimum Percentage for such Calculation Period.
Minimum Reserve means the minimum amount referred to in Article 9.17(a);
Minimum Reserve means the lesser of (i) 10% of the original principal amount of, (ii) the maximum annual debt service on or, (iii) 125% of the average annual debt service on, all Outstanding Bonds having a parity lien on the Pledged Revenues.