Reserve Amount definition

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.

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Reserve Amount has the meaning set forth in Section 4.7.

Reserve Amount means an amount of funds set aside or allocated to reserves which shall be maintained in amounts deemed sufficient by the Members for capital expenditures, contingent liabilities, working capital and to pay taxes, insurance, debt service and other costs and expenses incident to the Company Business.

Examples of Reserve Amount in a sentence

The Reserve Amount shall be held by the Securityholders’ Representative in a segregated client account and shall be used (i) for the purposes of paying directly or reimbursing the Securityholders’ Representative for any Securityholders’ Representative Expenses incurred pursuant to this Agreement, the Escrow Agreement or the Securityholders’ Representative Engagement Agreement, or (ii) as otherwise determined by the Advisory Group.
If at any time the number of Ordinary Shares authorized but unissued and not otherwise reserved for issuance is not sufficient to meet the Required Reserve Amount, the Company shall promptly take all corporate action necessary to propose to its general meeting of shareholders an increase of its authorized share capital necessary to meet its obligations pursuant to this Note, and shall recommend that its shareholders vote in favor of such increase.
The Securityholders’ Representative is not acting as a withholding agent or in any similar capacity in connection with the Reserve Amount and has no tax reporting or income distribution obligations.
The Escrow Participants will not receive any interest on the Reserve Amount and assign to the Securityholders’ Representative any such interest.
After the Closing, it is possible that Firm will represent the Company Securityholders, the Securityholders’ Representative and their respective Affiliates (individually and collectively, the “Seller Group”) in connection with the transactions contemplated herein or in the Escrow Agreement, the Escrow Amounts and Reserve Amount and any claims made pursuant to this Agreement or the Escrow Agreement.

More Definitions of Reserve Amount

Reserve Amount means an amount, expressed in Dollars, equal to twenty percent (20%) of the then applicable Revolving Loan Commitment.

Reserve Amount. As of any date of determination, the maximum amount of FHA insurance available with respect to all FHA Loans. The Reserve Amount initially will equal at least 10% of the aggregate Principal Balance of the FHA Loans as of the Cut-Off Date and will decline as set forth in 24 C.F.R. ss. 201.32(b).

Reserve Amount. As of any date of determination, the amount on deposit in the Reserve Account (other than the amount on deposit in the Class A-1 Holdback Subaccount) on such date.

Reserve Amount. Reserve Amount" means the sum of: (a) an amount equal to the current liabilities of the Partnership on the Closing Date (other than the principal amount of the Existing Loan), together with such other amounts as the General Partner may reasonably require (the "Liabilities Reserve") and (b) _____________Dollars ($___________) (the "Indemnity Reserve"); provided, however, that the Indemnity Reserve portion of the Reserve Amount shall be reduced in proportion to the Interests of Partners of the Partnership ("Dissenting Partners") who do not accept the Offer. The Reserve Amount shall be held and disbursed by the Disbursing Agent (as defined in Paragraph (c) of this Section 2) as described in Paragraph (c) of this Section 2 and in Paragraphs (a) and (b) of Section 3. The Reserve Amount shall initially be used to pay all amounts used to satisfy the current liabilities of the Partnership and the liabilities of the Partnership that Home Properties has not specifically agreed to assume as provided herein ("Liabilities Claims") and any amounts paid or subject to claims of Home Properties by reason of a material breach or material misrepresentation of any representations, warranties, covenants or agreements of the Partnership which survive Closing (but only during the period of such survival) ("Indemnity Claims"). In the event that the holders of more than 10% of the Interests are Dissenting Partners, Home Properties shall have the right to terminate this Agreement by giving written notice thereof to the Partnership within ten (10) days after Home Properties receives notification thereof. (If, as more fully provided in Section 11(a)(3) hereof, Home Properties terminates this Agreement due to the presence of 10% or more of Dissenting Partners, or if the acquisition of interests in Affiliated Partnerships shall fail to close, then the Partnership acting through its General Partner shall have the right to terminate this Agreement by giving written notice thereof to Home Properties.)

Reserve Amount means, in a reserve factoring transaction, the difference between the purchase price for a legally enforceable claim and the original advance amount, that is held in reserve to secure the financer in the event of non-payment of the legally enforceable claim, or to secure the financer in the event of nonpayment of other legally enforceable claims assigned or to be assigned by the recipient to the financer.

Reserve Amount has the meaning set forth in Section 1.9.

Reserve Amount means, as of any date, two (2x) times the maximum aggregate number of shares of Common Stock then issued or potentially issuable in the future pursuant to this Note, including any Conversion Shares issuable upon conversion of this Note and assuming that the conversion price is at all times on and after the date of determination 100% of the then conversion price on the Trading Day immediately prior to the date of determination, all subject to proportionate adjustment for any reverse stock split or similar reclassification of the Common Stock.