POST-CLOSING RESERVE definition

POST-CLOSING RESERVE means a reserve in the amount of Post-Closing Reserve Amount which shall be established on the 30th day following the Closing Date; PROVIDED, that such reserve shall not be established (or if established shall be released) if Agent has received acknowledgment copies of its financing statements (which financing statements shall (i) contain the record owners and legal descriptions for the Real Property which contain 90% of the coal reserves owned or leased by the Companies which the Companies mine or intend to mine and (ii) be in form and substance reasonably satisfactory to Agent) filed in the appropriate jurisdictions covering As-extracted Collateral of each Company.
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Examples of POST-CLOSING RESERVE in a sentence

  • UPON CONCLUSION OF THE ARBITRATION, AND FOLLOWING BUYER'S DEPOSIT INTO THE POST-CLOSING RESERVE OF ANY DISBURSEMENT WHICH THE ARBITRATOR DETERMINED WAS DISBURSED IN ERROR (TOGETHER WITH INTEREST AS PROVIDED IN SECTION 11.2.3.3, ABOVE) THE PARTIES HERETO SHALL CAUSE THE ARBITRATOR TO FILE WITH ESCROW HOLDER WRITTEN NOTICE THAT THE ARBITRATION HAS BEEN CONCLUDED AND THAT DISBURSEMENTS FROM THE POST-CLOSING RESERVE SHALL RESUME ('DETERMINATION NOTICE').

Related to POST-CLOSING RESERVE

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.2(a).

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • 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.

  • Post Closing Letter is that certain Post Closing Letter dated as of the Effective Date by and between Collateral Agent and Borrower.

  • Closed-End Funds has the meaning set forth in Section 2.1(b).