Reserve Limit definition
Examples of Reserve Limit in a sentence
From time to time, C&S may, in its sole discretion, consent to the number of cases in the Reserve to exceed the Reserve Limit.
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 * .
If, at any time, the sum of the Aggregate Derivative Reserve Amount shall exceed the Reserve Limit, the Borrower immediately shall cash collateralize its Aggregate Derivative Reserve Amount obligations in an amount sufficient to eliminate such excess.
Order types accepted include Market, Limit, Reserve Limit, and Non-Display orders.
The Reserve Limit shall be allocated among the facilities based on available space at each facility supplying A&P and a particular facility’s percentage of the overall volume under this Agreement.
If the projected Gas reserves for such well or ▇▇▇▇▇ equal or exceed the Minimum Reserve Limit, as determined by the Independent Engineer, then such well or ▇▇▇▇▇ shall be connected to the Gathering System by Gatherer as soon as reasonably practicable and Producer’s gas delivered through such connection shall be gathered under the terms of this Agreement.
The Reserve shall not exceed * cases of grocery Merchandise composed of a mix of product reflective of past sales of Merchandise under this Agreement (collectively, the "Reserve Limit").
At the beginning of each Contract Year, the Reserve Limit shall be adjusted proportionately based upon the actual purchases during the preceding Contract Year with the baseline being [CONFIDENTIAL] cases of mainline grocery Merchandise per Contact Year.
For the avoidance of doubt, any amounts deposited into the Collateral Support Account or paid under the Limited Guaranty are not included in the Required Receivable Reserve Amount or Required Receivable Reserve Limit.
The Reserve Limit has been set based upon Big V's projection that it will purchase [CONFIDENTIAL] cases of mainline grocery Merchandise during each Contract Year.