Permanent Reserve definition

Permanent Reserve means a reserve against Availability of $5,000,000 which shall remain in effect until the Termination Date.

Permanent Reserve means a permanent block against Availability in the amount of $5,000,000.00.

Permanent Reserve means the sub-account of the National Oil Account described in Article 16 hereof.

Examples of Permanent Reserve in a sentence

• The principal shall be responsible for accounting for these funds and any proceeds shall be used for student purposes.

• Section XIXTask: Process Involuntary Release from Active Duty due to Failure of Selection for Permanent Reserve Promotion 2–37.

• That the Annual Conference Council on Finance and Administration be authorized to grant amounts from the Conference Contingency Fund or Permanent Reserve to meet any individual emergency or unanticipated need.

• Per ASA (M&RA) memorandum, 23 April 2002, “Suspension of Law Pertaining to Permanent Reserve Warrant Officers,” the application of Section 574(a), Title 10, U.S. Code, for permanent reserve warrant officers ordered to active duty under provisions of Section 12302, Title 10, U.S. Code is suspended.

• As from the commencement of Oil Production all National Oil Account funds, including the Permanent Reserve, shall be invested in accordance with investment policies established by the Investment Committee.

More Definitions of Permanent Reserve

Permanent Reserve has the meaning specified in Section 3.4(a).

Permanent Reserve means a reserve against the Borrowing Base in an aggregate amount at all times equal to $5,000,000.

Permanent Reserve means a reserve against Availability in the amount of $500,000; provided, that such amount shall be reduced to $375,000 upon receipt by Lender of the Borrower’s financial statements as set forth in Section 6.1, evidencing a Debt Service Coverage Ratio equal to or greater than 1.10:1.00 for four (4) consecutive quarters, and shall continue to be reduced in increments of $125,000 every two (2) quarters thereafter so long as Borrower continues to achieve a Debt Service Coverage Ratio equal to or greater than 1.10:1.00 for each following two (2) consecutive quarters on a quarter by quarter basis.

Permanent Reserve means $5,000,000.

Permanent Reserve shall have the meaning set forth in Section 8.02(f) of this Loan Agreement. Loan Agreement

Permanent Reserve means an amount equal to $6,000,000. Revolving Credit and Security Agreement

Permanent Reserve means a permanent reserve against the Borrowing Base of Foamex or Foamex Canada under the Working Capital Agreement.