Operating Reserve Amount definition

Operating Reserve Amount means the amount set forth on the Schedule of Financial
View Source
Operating Reserve Amount means, at any time of determination, an amount ------------------------ equal to six months of anticipated operating expenses in accordance with the then current Operating Budget of the Borrower and the Subsidiaries.
View Source
Operating Reserve Amount means the amount which is equal to five (5) basis points of the principal amount of the Loan or such other amount as shall be determined by the Issuer.
View Source

Examples of Operating Reserve Amount in a sentence

  • The Borrower shall not permit its Adjusted Pre-Tax Income; determined as at the end of each fiscal quarter, commencing with the fiscal quarter ending September 30, 1994, for the quarter then ended, to be less than Debt Service for such quarter; nor shall the Borrower permit its Ending Cash Balance to fall below seventy-five percent (75%) of the Operating Reserve Amount.

  • All commercial general liability policies must include the Buyer, its directors, officers, employees and agents as additional insureds and must contain a cross liability and severability of interest clause[, and must include coverage for forest fire fighting expense liability with a sublimit of $2,000,000].

  • If an Operating Deficiency exists on any date, the Borrower shall withdraw from the Reserve Account an amount equal to the lesser of such deficiency and the Operating Reserve Amount, for the direct or indirect payment of reasonable costs and expenses to remedy such Operating Deficiency.


More Definitions of Operating Reserve Amount

Operating Reserve Amount means, as of the end of any reporting period, the amount specified as the ending cash balance in the Borrower's pro forma cash flow statement as set forth in the Business Plan.
View Source
Operating Reserve Amount means the amount set forth in Exhibit A-2. “Original Limited Partner” has the meaning set forth in the Recitals.
View Source
Operating Reserve Amount means the amount stated on the Schedule.
View Source
Operating Reserve Amount means Eighty Thousand and N0/100 Dollars ($80,000.00) (Shown as Marketing Expenses in Cost Breakdown)
View Source
Operating Reserve Amount means the reserve amount designated by the Borrower as the Operating Reserve and held in or to the credit of the Reserve Account.
View Source
Operating Reserve Amount. The amount of the Operating Reserve shown on Exhibit A-
View Source

Related to Operating Reserve Amount

  • Required Reserve Amount means, with respect to any Payment Date, 0.25% (or such other higher percentage as may be determined by the Depositor, in its sole discretion, on or prior to the Closing Date) of the difference of the Aggregate Starting Principal Balance less the Yield Supplement Overcollateralization Amount as of the Cutoff Date of all Receivables transferred to the Trust.

  • Reserve Amount means, for any Payment Date, the amount of cash or other immediately available funds in the Reserve Account on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account on such Payment Date.

  • Operating Reserve means generation capacity or load reduction capacity which can be called upon on short notice by either Party to replace scheduled energy supply which is unavailable as a result of an unexpected outage or to augment scheduled energy as a result of unexpected demand or other contingencies.

  • Interest Reserve Amount With respect to each Mortgage Loan that is an Interest Reserve Loan (or the related successor REO Mortgage Loan), for any Distribution Date that occurs during February of any year or during January of any year that is not a leap year, an amount equal to one day’s interest accrued at the related Net Mortgage Rate on the related Stated Principal Balance as of the end of the Collection Period related to such Distribution Date, but prior to giving effect to the application of any amounts due on the Due Date occurring in such Collection Period, to the extent that a Monthly Payment is Received by the Trust with respect to such Interest Reserve Loan for the related Due Date in the same month as such Distribution Date on or before the related Master Servicer Remittance Date or a P&I Advance is made under this Agreement with respect to such Interest Reserve Loan by such Distribution Date. For purposes of calculating Interest Reserve Amounts, the Net Mortgage Rate for each Interest Reserve Loan shall be the Net Mortgage Rate in effect (including as a result of any step-up provision) under the original terms of such Interest Reserve Loan in effect as of the Closing Date, without regard to any modifications, extensions, waivers or amendments of such Interest Reserve Loan subsequent to the Closing Date (whether entered into by the applicable Master Servicer, the applicable Special Servicer, the Non-Trust Master Servicer or the Non-Trust Special Servicer or in connection with any bankruptcy, insolvency or other similar proceeding involving the related Borrower).

  • Requisite Reserve Amount As of any date with respect to any Series (or Class within such Series), the amount, if any, required to be maintained in the Reserve Account, if any, for such Series or Class as specified in or determined pursuant to the related Supplement.