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.
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
In addition, where DPS has made payment of any such amount, DPS shall nonetheless be entitled to debit such amount credited to the Merchant Account or, if such amount is not available in the Merchant Account, seek reimbursement of such amount paid to the Merchant, including debit such amount from the Payout Account or Reserve Amount.
For the avoidance of doubt, (a) in case of insufficiency of the Payout Account funds to cover the Payouts requested by the Merchant, DPS may in its sole discretion deduct the balance from the Merchant Account; (b) in case of insufficiency of the Reserve Amount funds to cover the Allowable Deductions DPS may in its sole discretion deduct the balance from Merchant Account or Payout Account.
DPS is authorized to use the Reserve Amount to settle the amount of funds due and payable to DPS by the Merchant, including but not limited to, the amounts of Allowable Deductions and any fees for provision of Services hereunder.
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 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. 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 has the meaning set forth in Section 1.9.
Reserve Amount means the sum of: (a) an amount equal to the current liabilities of the Merged Partnership at the Effective Time (other than the principal amount of the Existing Loan) (the "Liabilities Reserve") and (b) $108,000. (the "Indemnity Reserve"); provided, however, that the Reserve Amount shall be reduced in proportion to the Interests of partners of the Merged Partnership ("Dissenting Partners") who have properly indicated their intention to seek payment of the fair value of their interests under Section 121-1102 of the New York Law. The Reserve Amount shall be held and disbursed by the Disbursing Agent (as defined in Section 3.3) as described in Sections 3.4 and 3.13. "Deferred Consideration Right" with respect to each Interest means the right to receive the Reserve Amount less all amounts used to satisfy the current liabilities of the Merged Partnership ("Liabilities Claims") and any amounts paid or subject to claims of the Surviving Partnership by reason of a material breach or material misrepresentation of any representations, warranties, covenants or agreements of the Merged Partnership which survive Closing (but only during the period of such survival) ("Indemnity Claims") multiplied by the percentage interest of the Interest in the Merged Partnership . As of the Effective Time, all Interests in the Merged Partnership shall cease to be outstanding and shall be canceled and each holder of an Interest shall, by virtue of the Merger, cease to have any rights with respect to the Merged Partnership or the Interests therein except the rights to receive the Conversion Price and the Deferred Consideration Rights with respect thereto, or the right, if any, to receive payment from the Surviving Partnership of cash equal to the fair value of his Interest in the Merged Partnership as provided in Section 121-1102 of the New York Law. The Surviving Partnership hereby agrees to comply, at its expense, with all payment and all other substantive and procedural obligations and requirements which must be complied with respect to Dissenting Partners, including, without limitation, Section 121-1102 of the New York Law. Notwithstanding anything to the contrary contained in this Agreement, (i) if and to the extent that the amount required to be paid to any Dissenting Partner exceeds the portion (the "Dissenting Partner Portion") of the Conversion Price which would have been paid to such partner of the Merged Partnership if such partner was not a Dissenting Partner, such excess ...
Reserve Amount means SEK 5,000,000.