Operating Reserve Account definition

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

Operating Reserve Account has the meaning set forth in Section 4.1(b).

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

• Payments from the Operating Reserve Account also require prior approval of AMU.

• The annual return on equity is limited to six percent of the total qualified equity contributions.If unpaid, payment will accrue for return on equity and shall be made at such time as a cash surplus is available in the General Operating Account or in the Operating Reserve Account (subject to the conditions previously described).

• Borrower shall establish and maintain an account that is available to fund operating deficits (which is the amount by which Annual Operating Expenses exceed Gross Revenue for any period) (the "Operating Reserve Account").

• 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.

• Contracting Members hereby authorize NCPA to reserve and commit this sum in its General Operating Reserve Account for the payment of the aforementioned liabilities should same become necessary.

More Definitions of Operating Reserve Account

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 is defined in the Accounts Agreement.

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

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

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 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