Operating Reserve Minimum definition
Operating Reserve Minimum means ( a ) 1,000 acre-feet of Operating Reserve Water in the Operating Reserve prior to the date that is three (3) years following the Performance Start Date,
Operating Reserve Minimum means, at any particular time from and including the Completion Date, the aggregate projected Operating Expenditures, Taxes and working capital adjustments for the next 60 days determined with respect to the Base Case Financial Model.
Operating Reserve Minimum means 1,000 acre-feet of Operating Reserve Water in the Operating Reserve.
Examples of Operating Reserve Minimum in a sentence
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.
Any amount in the Operating Reserve Account in excess of the Operating Reserve Minimum (the "ORA Excess") may be transferred to the relevant Proceeds Account on any Repayment Date.
Except as contemplated below, the Borrower shall, at all times, from the Reserve Account Funded Date maintain the balance in the Operating Reserve Account in an amount equal to or greater than the Operating Reserve Minimum.
More Definitions of Operating Reserve Minimum
Operating Reserve Minimum means $250,000.