Reserve Amounts definition

Reserve Amounts has the meaning ascribed to such term in Section 6.6.
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Reserve Amounts means the aggregate amounts of Program Funds maintained at any time, and from time to time, in the Liability Reserve and the Operating Reserve.
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Reserve Amounts means, with respect to a Calculation Period: (a) the amounts required to be, and actually maintained in, any Debt Service Account (funded solely with Project Revenues and/or Equity Contributions and without duplication of payments made with Borrower Net Revenues), debt service reserve account(s), operations and maintenance reserve account(s), punch list reserve account(s) and any other reserve account(s) pursuant to Major Project Indebtedness Documents, (b) to the extent (i) no Major Project Indebtedness or Qualified Tax Equity Financing is outstanding with respect to a Project or (ii) the maintenance of an operation and maintenance reserve is not required for a Project under the terms of Major Project Indebtedness or Qualified Tax Equity Financings, a cash reserve for O&M Costs for such Project (the “Non-Financing O&M Reserve”), (c) a reserve funded solely with Project Revenues and/or Equity Contributions for Borrower Tax Distributions and without duplication of payments of Borrower Tax Distributions made with Borrower Net Revenues, payable during the next succeeding Calculation Period (the “Tax Distribution Reserve”), and (d) amounts and funded solely with Project Revenues and/or Equity Contributions being retained for the reasonably expected future cash needs of the Borrower and its Subsidiaries for the next succeeding six (6) months following the end of such Calculation Period (including cash reserves for settlement of capacity, energy or renewable energy credit sales but excluding the amounts held in any Distribution Reserve Account) and cash amounts delivered to third parties to satisfy collateral requirements of the Borrower and its Subsidiaries under Permitted Power Documents (the aggregate amount under this clause (d) shall be referred to as the “Overflow Reserve”). For the avoidance of doubt, Reserve Amounts to be funded solely with Project Revenues and/or Equity Contributions shall not be permitted to be Debt-Funded Reserve Amounts.
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Examples of Reserve Amounts in a sentence

  • As and when required pursuant to Section 3.05(c), the Certificate Administrator shall transfer Interest Reserve Amounts in respect of the Interest Reserve Loans from the Interest Reserve Account to the Distribution Account.

  • Upon the commencement of any Hedging Period and at all times thereafter during such Hedging Period, the Borrower shall be party to one or more Hedge Transactions which collectively satisfy the Hedge Requirements or shall provide Hedge Reserve Amounts as set forth in this Section 5.03.

  • The Maintenance Required Amounts and Additional Maintenance Reserve Amounts based on any prior Maintenance Annual Estimate will be recalculated after each annual Maintenance Annual Estimate, as adjusted for each Payment Date as provided in the definition thereof.

  • As and when required pursuant to Section 3.05(c), the Trustee shall transfer Interest Reserve Amounts in respect of the Interest Reserve Loans from the Interest Reserve Account to the Distribution Account.

  • On the Master Servicer Remittance Date in March of each year (commencing in March 2004), the Trustee shall transfer from the Interest Reserve Account to the Lower-Tier Distribution Account all Interest Reserve Amounts then on deposit in the Interest Reserve Account with respect to the Interest Reserve Mortgage Loans and any Interest Reserve REO Mortgage Loans.

  • In the case of each Mortgage Loan underlying the Group 2 MBS for which interest is calculated on an actual/360 basis, the related Interest Reserve Amounts received for each December Interest Accrual Period (other than in a year that immediately precedes a leap year) and January Interest Accrual Period shall be held in the Certificate Account for distribution on the first March Distribution Date that follows such Interest Accrual Period(s).

  • Pursuant to Section 7.01(g) of the Loan Agreement, the Borrower is furnishing to you herewith evidence of all Eligible Cash Reserve Amounts (as defined in subclause (i) thereof), including account statements and any other documentation or information related to the establishment and maintenance of the accounts holding such amounts.

  • The FHA Reserve Amounts with respect to the FHA Loans transferred to the Contract of Insurance Holder both prior to and following the transfer of the FHA Loans to the Co-Owner Trustee and Owner Trustee will be available to satisfy claims with respect to such FHA Loans.

  • So long as no Hedge Trigger Event has occurred, in lieu of providing Hedge Agreements, the Issuer may, upon prior written notice to the Administrative Agent, elect to exercise the Hedge Reserve Option and to deposit Hedge Reserve Amounts equal to the Hedge Reserve Account Required Balance in the Hedge Reserve Account.

  • If, at any time, Agent elects to implement any Reserve Amounts, Agent will give Borrower 7 days advance written notice of the implementation of such Reserve Amounts, unless an Event of Default then exists, in which case Agent will give Borrower contemporaneous oral or written notice of the implementation of such Reserve Amounts.


More Definitions of Reserve Amounts

Reserve Amounts means, with respect to any Incentive Share at any particular time an amount equal to the fair market value (based on a liquidation analysis) of one Common Share, as determined in good faith by the Board of Directors at the time such Incentive Share is issued by the Company.
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Reserve Amounts shall have the meaning set forth in Section 7.2.
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Reserve Amounts means reasonable amounts held in reserve in order to make such provision as the Company, in its discretion, deems necessary or advisable for any and all reasonably anticipated liabilities, contingent or otherwise, of the Company. Any such amounts held in reserve may, but need not be, invested by the Company in such interest bearing investments as the Company may determine in its discretion.
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Reserve Amounts has the meaning ascribed thereto in Section 9.8(d).
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Reserve Amounts means the Amount of Cash or other property required to be deposited in the Disputed Claims Reserve Account, on account of Disputed Claims.
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Reserve Amounts means the BSA Reserve Amount, Kansas Reserve Amount and the Opt-Out Reserve Amount.
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Related to Reserve Amounts

  • 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.

  • Interest Reserve Amount With respect to each Mortgage Loan that is an Interest Reserve Loan (or the related successor REO Mortgage Loan), for any Distribution Date that occurs during February of any year or during January of any year that is not a leap year, an amount equal to one day’s interest accrued at the related Net Mortgage Rate on the related Stated Principal Balance as of the end of the Collection Period related to such Distribution Date, but prior to giving effect to the application of any amounts due on the Due Date occurring in such Collection Period, to the extent that a Monthly Payment is Received by the Trust with respect to such Interest Reserve Loan for the related Due Date in the same month as such Distribution Date on or before the related Master Servicer Remittance Date or a P&I Advance is made under this Agreement with respect to such Interest Reserve Loan by such Distribution Date. For purposes of calculating Interest Reserve Amounts, the Net Mortgage Rate for each Interest Reserve Loan shall be the Net Mortgage Rate in effect (including as a result of any step-up provision) under the original terms of such Interest Reserve Loan in effect as of the Closing Date, without regard to any modifications, extensions, waivers or amendments of such Interest Reserve Loan subsequent to the Closing Date (whether entered into by the applicable Master Servicer, the applicable Special Servicer, the Non-Trust Master Servicer or the Non-Trust Special Servicer or in connection with any bankruptcy, insolvency or other similar proceeding involving the related Borrower).

  • 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.

  • Requisite Reserve Amount As of any date with respect to any Series (or Class within such Series), the amount, if any, required to be maintained in the Reserve Account, if any, for such Series or Class as specified in or determined pursuant to the related Supplement.

  • Reserve Account Amount means, for any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Distribution Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Distribution Date, or, in the case of the initial Distribution Date, the Closing Date), including all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.