Reserve Contribution definition
Examples of Reserve Contribution in a sentence
Purchaser shall be responsible for the payment at Closing of the Kiawah Island Community Association Capital Reserve Contribution which is equal to (a) one year’s annual general assessment on the Property, OR (b) .50% (.0050) of the Purchase Price, whichever is greater.
Commencing on the first day of the month in which Borrower is required to make its first interest payment under the Note, and continuing on the first day of each month thereafter until the Maturity Date, Borrower shall deposit the Reserve Contribution into the Reserve Account.
The Fringe Benefit Reserve Contribution shall apply to all Journeymen and shall be paid on hours paid.
Purchaser shall be responsible for the payment at Closing of the Kiawah Island Community Association Capital Reserve Contribution which is equal to (i) one year’s annual general assessment on the Property; OR, (ii) .50% (.0050) of the Purchase Price, whichever is greater.
Each purchaser of a Unit from the Declarant is required to pay to the Association immediately upon becoming a Unit Seller, its pro-rata share of the Reserve Fund (the "Reserve Contribution").
Take-Over Date: One year after Divestiture Date Term Expiration Date: January 31, 2011 Base Management Fee: Zero (i.e. no Base Management Fee) [subject to adjustment per the Settlement Agreement] Initial FF&E Reserve Balance: $660,000* FF&E Reserve Contribution: Five percent of Gross Revenues *Figure determined as of January 1, 1998.
Upon Closing, this amount shall be non-refundable and shall not be considered as an advance payment of any assessment levied by the Association pursuant to the Declaration (other than the Reserve Contribution).
Take-Over Date: Divestiture Date Term Expiration Date: August 28, 2014 Base Management Fee: Two and 85/100 percent (2.85%) of Gross Revenues [subject to adjustment per the Settlement Agreement] Initial FF&E Reserve Balance: $26,000* FF&E Reserve Contribution: Five percent of Gross Revenues * Figure determined as of January 1, 1998.
Any such Reserve Contribution Notice shall identify (i) the amount of funds that are needed and therefore being requested from the Partners (the “Reserve Contribution Amount”); and (ii) the date on which such funds are to be contributed to the Company and subsequently contributed by the Company to PlanCo (provided that such date shall be at least ten (10) Business Days following the Partners’ receipt of a Reserve Contribution Notice).
Revenues Events and Sponsor Revenues 25,000 City Contribution 250,000 Operating Reserve Contribution 0 Uses Sanitation, Hospitality and Safety 68,730 Maintenance and Facility Management 60,528 Events, Programming, and Marketing 27,750 Administration and Management 118,240 Variance Over/(Under) (249) The City of Minneapolis has established a government program to operate Peavey Plaza as a plaza for public recreation.