Minimum Reserve Amount definition

Minimum Reserve Amount means at any time in respect of a Noteholder, an amount in EUR equal to the greater of (a) EUR 500,000 and (b) five per cent. of the aggregate of the Outstanding Principal Amounts of the Notes held by such Noteholder at such time.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Minimum Reserve Amount shall have the meaning set forth in the Pricing Letter.

Minimum Reserve Amount means $[***].

Examples of Minimum Reserve Amount in a sentence

• The Managing Member may cause the Company to incur capital expenditures, and may fund any such capital expenditures out of the assets of the Company or out of funds provided by Member Loans; provided, that the Company may not fund a capital expenditure out of the assets of the Company unless, after the expenditure, the Reserve Asset Value is at least equal to the Minimum Reserve Amount.

• The Company may pledge its cash and U.S. Treasury obligations and other obligations backed by the full faith and credit of the United States, but only to the extent the value of such cash, U.S. Treasury obligations and other obligations backed by the full faith and credit of the United States exceed the Minimum Reserve Amount at such time.

• The Company may not incur any obligations which are reasonably expected to cause the Reserve Asset Value to be less than the Minimum Reserve Amount.

• State Standard Minimum Reserve Amount for this District (Line 1 times line 2) $ 1,391,902 2.

• Seller shall at all times maintain the Minimum Reserve Amount in the Reserve Account or such other amount determined by Buyer at any time and from time to time.

More Definitions of Minimum Reserve Amount

Minimum Reserve Amount means the least of the following: (i) the maximum annual debt service coming due in any future year on the Bonds and Parity Bonds then outstanding, (ii) 10% of the outstanding principal amount of the Bonds and Parity Bonds, or

Minimum Reserve Amount means (i) at any time on or prior to the tenth anniversary of the Closing Date, an amount equal to the product of (A) $15 million and (B) the time since the Closing Date (expressed in years and quarters of a year to the end of the last preceding quarter) and (ii) after the tenth anniversary of the Closing Date, zero.

Minimum Reserve Amount means, as of any date of determination, an amount equal to the product of (a) 1.00% times (b) the Adjusted Pool Balance.

Minimum Reserve Amount means GBP 500,000.

Minimum Reserve Amount means an amount in cash and/or an amount available under the Liquidity Guarantee equal to SEK 12,000,000 on the Issue Date and thereafter increased by SEK 2,000,000 on each Waterfall Date until it amounts to 1.50 per cent of the total Nominal Amount plus accrued and unpaid Senior Interest (however, such amount not to be higher than SEK 30,000,000 or lower than SEK 12,000,000).

Minimum Reserve Amount means $500,000.

Minimum Reserve Amount means, as of any date, an amount of Oil and Gas Assets expressed as a volumetric equivalent equal to 180 Bcfe less the aggregate of all revisions to reserves resulting from sales of reserves in place as reflected in all Reserve Reports delivered pursuant to this Indenture.