Reinvestment Reserve definition

Reinvestment Reserve shall have the meaning assigned to such term in Section 2.10(g).
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Reinvestment Reserve has the meaning set forth in Section 2.1(c).
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Reinvestment Reserve means means the aggregate of reserve accounts that the Manager, in the Manager’s sole discretion, deems reasonably necessary to meet accrued or contingent liabilities of the Company, reasonably anticipated operating expenses, amounts necessary for reinvestment in Portfolio Investments or to make additional Portfolio Investments and for working capital requirements.
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Examples of Reinvestment Reserve in a sentence

  • During the succeeding five assessment years, the undertaking would be eligible for a deduction up to 50% of Profits transferred to a special reserve to be labeled as Special Economic Zone Reinvestment Reserve.

  • The Reinvestment Reserve has been used in accordance with the Council’s financial procedures to help achieve corporate aims through service improvements.

  • Use of the Reinvestment Reserve will be considered for one-off exceptional items such as legislative changes or expenditure that will show revenue savings, or generate additional income, with a payback of a 2-3 year period, or provide appreciable service improvement.

  • The Reinvestment Reserve reflects the need for the Council to undertake service reviews to attain the Excellent rating under CPA.

  • The Company has created a Special Economic Zone (“SEZ”) Reinvestment Reserve out of profits of its eligible SEZ Units in accordance with the terms of Section 10AA(1) of the Indian Income Tax Act, 1961.

  • This reserve was set up with a transfer of funding from the Reinvestment Reserve of £1,009k.

  • The new capital regulations provide a more flexible environment within which to operate and therefore this reserve has been closed and the balance transferred into the Reinvestment Reserve.

  • Further, a deduction to the extent of 50% of the eligible profits is available where the Company credits a corresponding amount to a ‘Special Economic Zone Re-investment Reserve Account’ to be utilized in the specified manner.

  • Deferred tax liability primarily comprises branch profit taxes, SEZ Re-investment Reserve and deferred tax on intangible assets.

  • Capital Plan Reserve This reserve operates as a holding reserve for transfers from the Reinvestment Reserve for capital expenditure.


More Definitions of Reinvestment Reserve

Reinvestment Reserve has the meaning set forth in Section 2.1(d).
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Reinvestment Reserve means an amount of Net Asset Sale Proceeds from a sale or other disposition permitted by Section 6.10 not exceeding (a) $1,000,000 in any fiscal year in the aggregate and (b) an additional amount (to be used only one time prior to the Final Maturity Date) equal to the lesser of (i) $10,000,000 and (ii) the net proceeds from such sale or other disposition of assets constituting a line of business contributing not more than 15% of Consolidated EBITDA for the Company's most recently completed fiscal year, in each case that has been designated by written notice from the Company to the Agent at a time when no Default exists within five days prior to such sale or other disposition as a reserve to the Revolving Loan Commitments to be used to acquire replacement or other assets within 360 days; provided, however, that if any such reserved amount is not actually used to acquire replacement or other assets within such 360-day period, such amount shall no longer constitute a Reinvestment Reserve and shall reduce the Revolving Loan Commitments.
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Reinvestment Reserve means, with respect to any Net Cash Proceeds of any Reinvestment Event, a reserve, in effect from the time of the receipt of such Net Cash Proceeds to the Reinvestment Prepayment Date for such Net Cash Proceeds, in an amount equal to the Reinvestment Deferred Amount for such Net Cash Proceeds, as such amount may be reduced from time to time to permit, and concurrently with the incurrence of, Borrowings by, and Swing Loans to, the Borrowers of all or part of such Reinvestment Deferred Amount, to the extent the proceeds of such Borrowings and Swing Loans are used solely to acquire replacement assets useful in the Company's or a Subsidiary's business (or, in the case of a Property Loss Event, to effect repairs).
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Reinvestment Reserve is defined in Section 2.5(B)(i)(f) hereof. "RELEASE" means any release, spill, emission, leaking, pumping, injection, deposit, disposal, discharge, dispersal, leaching or migration into the indoor or outdoor environment, including the movement of Contaminants through or in the air, soil, surface water or groundwater.
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Reinvestment Reserve has the meaning set forth in SECTION 2.3.
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Related to Reinvestment Reserve

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Replacement Reserve As defined in Section 9.5.1.

  • Replacement Reserve Fund shall have the meaning set forth in Section 7.3.1 hereof.

  • Interest Reserve Account As defined in Section 3.4(d).

  • Interest Reserve means, for any Calculation Period, the product (expressed as a percentage) of (i) 1.5 times (ii) the Alternate Base Rate as of the immediately preceding Cut-Off Date times (iii) a fraction the numerator of which is the highest Days Sales Outstanding for the most recent 12 Calculation Periods and the denominator of which is 360.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Cash Reserve means for any Financed Receivable which has been paid in full during a Monthly Period, the amount by which the amount(s) paid on such Financed Receivable exceeds the Advance made on such Financed Receivable.

  • Reinvestment Period means 15 months following the date of receipt of Net Cash Proceeds of an Asset Sale Prepayment Event or Recovery Prepayment Event.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Reinvestment Deferred Amount means, with respect to any Reinvestment Event, the aggregate Net Cash Proceeds received by the Borrower or any of its Subsidiaries in connection therewith that are not applied to prepay the Loans pursuant to Section 2.09(b) as a result of the delivery of a Reinvestment Notice.

  • Interest Reserve Amount has the meaning set forth in Section 5.1(d).

  • Reinvestment has the meaning set forth in Section 2.2.

  • Available Reserve Account Amount means, with respect to any Transfer Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (after taking into account any interest and earnings retained in the Reserve Account pursuant to subsection 4.15(b) on such date, but before giving effect to any deposit made or to be made pursuant to subsection 4.11(i) to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 1.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Excess Reserve Fund Account The separate Eligible Account created and maintained by the Securities Administrator pursuant to Sections 3.07(b) and 3.07(c) in the name of the Securities Administrator for the benefit of the Regular Certificateholders and designated "Wells Fargo Bank, National Association in trust for registered Holders xx Xxrgan Stanley Capital I Inc. Trust 2006-HE2, Mortgage Pass-Through Cerxxxxxxtxx, Xxxies 2006-HE2." Funds in the Excess Reserve Fund Account shall be held in trust for the Regular Certificateholders for the uses and purposes set forth in this Agreement. Amounts on deposit in the Excess Reserve Fund Account shall not be invested.

  • Required Reserve Fund Amount With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds (ii) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. Provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of LIBOR Certificates has been reduced to zero, the Required Reserve Fund Amount shall be zero.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Yield Reserve means, on any date, an amount equal to: (a) the Capital at the close of business of the Servicer on such date multiplied by (b)(i) the Yield Reserve Percentage on such date divided by (ii) 100% minus the Yield Reserve Percentage on such date.

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • Rent Reserve means, with respect to any leased store, warehouse distribution center, regional distribution center or depot where any Inventory subject to Liens arising by operation of law is located, a reserve equal to two months’ rent at such store, warehouse distribution center, regional distribution center or depot.

  • Capital Reserve means, as of any date of determination, an amount equal to the product of (i) $0.25 multiplied by (ii) the square footage of all Real Properties on such date.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Investment Account As defined in Section 3.12(a).

  • Excess Liquidation Proceeds Reserve Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(c) of this Agreement in trust for the Certificateholders, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Excess Liquidation Proceeds Reserve Account.” Any such account shall be an Eligible Account.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.