Operating Reserve Account definition

Operating Reserve Account has the meaning set forth in Section 4.2(b).

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Operating Reserve Account has the meaning set forth in Section 12.2.

Operating Reserve Account means the special account designated by that name established by the Administrative Agent pursuant to Article VIII.

Examples of Operating Reserve Account in a sentence

If drawn upon, the Operating Reserve Account must be replenished from cash flow to its required minimum balance prior to distributions of Residual Cash Flow, where Residual Cash Flow is defined as above plus a) repayment of partner loans paid pursuant to the partnership agreement, and b) tax credit adjustor payments due pursuant to the partnership agreement.
After Project Stabilization, the Operating Reserve Account may be used to pay operating costs and expenses to the extent the collected gross receipts are insufficient for such purpose.
Where amounts standing to the credit of the Operating Reserve Account have been applied in accordance with the previous sentence, the Borrower shall, within four (4) four months from such payment, ensure that the balance of the Operating Reserve Account is equal to or greater than the then applicable Operating Reserve Minimum.
For certainty and without in any way derogating from Section 10.3(o)(vi), nothing in this Section 10.3(n) obligates any Sponsor Group Member or any other Person in any way to contribute additional Equity into the Borrower to remedy any withdrawal from the Operating Reserve Account.
The balance to the credit of the Operating Reserve Account may applied by the Borrower to meet Operating Expenditures where there are insufficient funds in the relevant Proceeds Account to make such required payment, in whole or in part, at such time.

More Definitions of Operating Reserve Account

Operating Reserve Account means account no. REDACTED [account number redacted] of the Borrower maintained with the U.S. Account Bank in New York and designated as the "Operating Reserve Account".

Operating Reserve Account means the special account designated by that ------------------------- name established by the Administrative Agent pursuant to Section 8.01(a). ---------------

Operating Reserve Account means the interest-bearing operating reserve depository account that the Grantee is required to maintain pursuant to a loan agreement with MOHCD.

Operating Reserve Account means a deposit account in Borrower’s name maintained with Lender for the purposes described in Section 2.12(b)(i).

Operating Reserve Account means the special account designated by that name established by the Collateral Trustee pursuant to Article VIII.

Operating Reserve Account means the amount of Marketable Securities, Cash or Cash Equivalents on the balance sheet of Atlantic LNG as of the month most recently ended prior to the Closing which, consistent with applicable law and the provisions of Atlantic LNG's debt financing, but without regard to the such provisions requiring the maintenance of sufficient Marketable Securities, Cash or Cash

Operating Reserve Account means the Operating Reserve Account created pursuant to Section