Reserve Charge definition

Reserve Charge means, for each day on which any Euroloan Rate Amount is outstanding, a reserve charge in an amount equal to the product of:
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Reserve Charge means, for any day for any Interest Period, with respect to Eurodollar Loans comprising part of the same Borrowing, a percentage amount equal to the difference of (a) a fraction (expressed as a percentage) the numerator of which is the Eurodollar Rate (expressed as a decimal) and the denominator of which is one minus the Reserve Rate, minus (b) the Eurodollar Rate (as so expressed).
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Reserve Charge means, for each day on which any Libor Rate Amount is outstanding, a reserve charge in an amount equal to the product of:
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Examples of Reserve Charge in a sentence

  • In such an event, A&P will pay C&S a Reserve Charge equal to * for each case of product in excess of the Reserve Limit that is held as of the * .

  • In addition to Basic Rent and other payments due hereunder, Lessee shall pay to Lessor on the tenth (10th) day of each month and, for the last month of the Lease Period, on the date of the Aircraft’s return to Lessor, maintenance reserve charges in the amount of the Maintenance Reserve Charge times the number of Flight Hours incurred on the Aircraft during the preceding month or portion thereof.

  • The impact of the Merger Costs, Litigation Reserve Charge, and Accounting Conformity Adjustments are excluded from Operating Earnings, as management believes these items are not part of the Firm’s normal daily business operations (and therefore not indicative of trends), and also do not provide meaningful comparisons with other periods.Page 9 JPMORGAN CHASE & CO.

  • Total Notable Items $1.11 $1.08 3% 2% MetLife has been in the group annuity business for a long time Reserve correction goes back ~25 years Total group annuitants of ~600K Reserve releases for ~13.5K “unresponsive and missing” Total group annuity reserves of roughly $40 billion U.S. RIS Group Annuities - Background Total Group Annuity Reserve Charge 1 Taxed at a 35% U.S. tax rate.

  • Distributor's performance of its duties and obligations under this Agreement and the performance of its Subdistributors and Sales Representatives are in a capacity as an independent contractor.

  • The Borrower shall pay to the Lender the Reserve Charge, if any, with respect to LIBOR Amounts of the Loans outstanding from time to time on the dates interest is payable on such LIBOR Amounts.

  • For each day any Eurodollar Loan is outstanding, the Company shall pay to the Agent for the accounts of the Banks an amount equal to the Reserve Charge.

  • The impact of the Merger Costs and Litigation Reserve Charge are excluded from Operating Earnings, as management believes these items are not part of the Firm’s normal daily business operations (and therefore not indicative of trends), and also do not provide meaningful comparisons with other periods.Page 10 JPMORGAN CHASE & CO.

  • Reserve Charges for each Interest Period shall be paid on the applicable Interest Payment Date to the Agent for the Account of each Bank entitled to receive such Reserve Charge.

  • For any day that a LIBOR Rate Loan is outstanding, the Borrower shall pay an amount (the "Reserve Charge") equal to the product of (a) the outstanding principal amount of the LIBOR Rate Loan, times (b) the remainder of (i) a fraction, the numerator of which is the LIBOR Rate and the denominator of which is one minus the Eurocurrency Reserve Rate, minus (ii) the LIBOR Rate times (c) the fraction, the numerator of which is one and the denominator of which is three hundred and sixty (360).


More Definitions of Reserve Charge

Reserve Charge means, for a Contract Year, the per-Ton fee established by the Policy Board and provided in writing by the Policy Board to Covanta on or before the first day of March of the immediately preceding Contract Year; provided, however, that: (i) the Reserve Charge for the Contract Year from [July 1, 2011 through June 30, 2012] shall be $ per Ton of Acceptable Solid Waste; (ii) if the Policy Board fails to timely give Covanta notice of the Reserve Charge for a Contract Year, the Reserve Charge for such Contract Year will be the Reserve Charge for the immediately preceding Contract Year; and (iii) any interestincurred and paid on a Reserve Charge and any costs of collection paid in connection with a Reserve Charge shall not be considered part of the Reserve Charge, and may be retained by Covanta and not remitted to Wallingford.
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Reserve Charge means, for each day on which any LIBOR Amount is outstanding, a reserve charge in an amount equal to the product of:
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Reserve Charge means, for any Interest Period for any Eurocurrency Advance or Eurocurrency Loan, a rate determined on the second Business Day prior to the last day of such Interest Period in accordance with the following formula:
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Reserve Charge means that charge by Lender to Borrower, as set forth on the applicable Advance Schedule, assessed for the purpose of funding any Reserve.
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Reserve Charge means such sums as shall be considered necessary by the Landlord (to be conclusively determined by the Landlord (who shall act reasonably)) to provide reserves or sinking funds for items of future expenditure to be or expected to be incurred at any time in connection with the Premises or Building“
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Reserve Charge. An amount equal to the product of (i) the outstanding principal amount of the Eurodollar Loans hereunder times (ii) the remainder of (a) the LIBO Rate, expressed as a decimal, divided by the remainder of one minus the Reserve Rate, minus (b) the LIBO Rate; times (iii) the fraction, the numerator of which shall be one and the denominator of which shall be three hundred and sixty (360).
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Related to Reserve Charge

  • Monthly Charge shall have the meaning set forth in Article 5.

  • Administrative Charge means, with respect to any Lease, any payment (whether or not part of the fixed monthly payment) payable to the related Lessor representing a disposition fee, a late payment fee, an Extension Fee, an allocation to the related Lessee of insurance premiums, sales, personal property or excise taxes or any other similar charge.

  • SLDC Charges means the charges levied by the SLDC of the state wherein the Solar Power Project is located;

  • Rent and Charges Reserve means the aggregate of (a) all past due rent and other amounts owing by a Loan Party to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Collateral Access Agreement.

  • Room charge means the charge imposed for the use or occupancy of a room, excluding charges for food, beverages, state use tax, telephone service, or like services paid in connection with the charge, and excluding reimbursement of the assessment imposed by this act.

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • Facility Charge means one percent (1%) of the Maximum Term Loan Amount.

  • Service Charge means the amount charged for making a service available on line and is in addition to the actual fee for a service itself. For example, one who renews a license on line will pay the license renewal fee and a service charge.

  • Track Charges means the charges payable by or on behalf of the Train Operator to Network Rail, as set out in paragraph 1 of Part 2 of Schedule 7 or under the Traction Electricity Rules;

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

  • Finance charge means that term as defined in section 106 of the truth in lending act, 15 USC 1605.

  • CCAA Charges means the Administration Charge and the Directors’ Charge;

  • Energy Charge means a charge for each kilowatt-hour (kWh) of electrical energy;

  • Reserve Draw Amount shall have the meaning specified in subsection 4.12(c).

  • Maintenance Charges means the charges payable by the applicant to the Maintenance Agency in accordance with the demand raised by the Maintenance Agency for the maintenance and up keep of the said building/ said complex, including common areas and facilities but does not include; (a) the charges for actual consumption of utilities in the Dwelling Unit including but not limited to electricity, water, which shall be charged based on actual consumption on monthly basis and (b) any statutory payments, taxes, with regard to the Dwelling Unit/ said building/said complex.

  • Debt charges means the principal, including any mandatory sinking fund deposits and mandatory redemption payments, interest, and any redemption premium, payable on securities as those payments come due and are payable. The use of "debt charges" for this purpose does not imply that any particular securities constitute debt within the meaning of the Ohio Constitution or other laws.

  • Rent Reserve means, with respect to any plant, warehouse distribution center or other operating facility where any Inventory subject to landlords’ Liens or other Liens arising by operation of law is located and a Collateral Access Agreement has not been duly executed and delivered by the lessor or bailee at such location, a reserve equal to three (3) month’s rent at such plant, warehouse distribution center, or other operating facility, and such other reserve amounts that may be determined by the Administrative Agent in its reasonable discretion.

  • Debt Service Charges means for any Measurement Period, the sum of (a) Consolidated Interest Charges required to be paid for such Measurement Period, plus (b) regularly scheduled principal payments required to be made on account of Indebtedness (excluding the Obligations and any Synthetic Lease Obligations and Capital Lease Obligations) for such Measurement Period, in each case determined on a Consolidated basis in accordance with GAAP.

  • 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.

  • Account Charge means, in relation to each of the Charged Accounts, the first priority fixed charge or pledge over all such accounts given or to be given by the relevant account holder thereof in favor of and in form and substance satisfactory to the Security Trustee.

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

  • Minimum Charge means the higher of the rate minimum and the rate applied to the Contracted Minimum Demand;

  • Annual Debt Service Charge as of any date means the amount which is expensed in any 12-month period for interest on Debt of the Company and its Subsidiaries.

  • Utility Charges means water, sewer, electricity, gas and other utility charges, if any, applicable to the Real Property or the Leased Real Property;

  • Bond Service Charges means, for any period or payable at any time, the principal of, premium, if any, and interest on the Bonds for that period or payable at that time whether due at maturity or upon redemption, Mandatory Tender or acceleration.

  • Usage Charges means the Charges for the Service or applicable part of the Service that are calculated by multiplying the volume of units that the Customer used or incurred in a period (e.g. number of users using the Service, or the number of minutes the Service was used for) with the relevant fee that is specified in the Online Order.