Reserve Date definition
Examples of Reserve Date in a sentence
LESSEE shall pay to LESSOR, on each Maintenance Reserve Date, the Airframe Reserves, the Engine Reserves and the Landing Gear Reserves for the previous Rent Period (each a "Reserve" and collectively, the "Reserves").
Key, Damage Deposit Due to Reserve Date $500.00 for each area Show Barn, Show Ring and Swine pen area, $750.00 Serving area and Cooler Use Steer Barn $500.00 Additional Days @ $50.00 per day.
From time to time, upon any drawing of Delayed Draw Term B Loans by the Borrower under the Credit Agreement, the Administrative Agent shall deposit an amount equal to the projected interest expense on such Loan from such date through the Interest Reserve Date in the Interest Reserve Account (net of an amount equal to the projected Delayed Draw Commitment Fees that would have accrued prior and until the Interest Reserve Date if not for such drawing).
Deposit: Key, Damage Deposit Due to Reserve Date for each area $500.00 DEPOSIT RETURN: BASED ON THE CONDITION THE FACILITY IS LEFT IN, EITHER ALL, PART, OR NONE OF THE DEPOSIT WILL BE REFUNDED.
On the Share Reserve Date and at all times thereafter, Company will reserve at least three (3) times the higher of (1) the Conversion Eligible Outstanding Balance (as defined in and determined pursuant to the Note) divided by the Lender Conversion Price (as defined in and determined pursuant to the Note), and (2) the Conversion Eligible Outstanding Balance divided by the Market Price (as defined in and determined pursuant to the Note) (the “Share Reserve”).
Notwithstanding the foregoing, in no event shall the Share Reserve Date be more than 120 days from the Closing Date.
During the period from Closing through the Reserve Date, the Purchaser shall exercise commercially reasonable efforts to collect the Collected Reserved A/R, the Collected Deferred Revenue and the Collected Reserved Inventory and to recognize into income the Collected Continental Deferred Revenue.
Nevertheless, Company covenants and agrees that it will use its best efforts to, within six (6) weeks of the Closing Date (the "Share Reserve Date"), increase its authorized and unissued shares of Common Stock sufficiently to enable it to comply with its covenants set forth in this Section 7.
In furtherance thereof, from and after the Share Reserve Date and until such time that the Note has been paid in full, Company shall require the Transfer Agent to reserve for the purpose of issuance of Conversion Shares under the Note, a number of shares of Common Stock at least equal to the Share Reserve.
If (y) Borrower does not make a Partial Prepayment as provided for in Section 1(e) above and (z) at least 85% of the rentable square footage of the Property is not leased pursuant to a Lease by the date that is eighteen (18) months from the date hereof (the “Additional Reserve Date”), Borrower shall deposit an additional amount equal to $300,000 into the Debt Service Reserve on such Additional Reserve Date.