Reserve Payments definition

Reserve Payments has the meaning specified in Section 5.1.3(b) of the Participation Agreement.

Reserve Payments means as to any Commercial Mortgage, any payments made by the related mortgagor to mortgagee or Servicer pursuant to an agreement between mortgagee and the related mortgagor for the purpose of providing reserves for the costs associated with repairs to and replacement of capital items, environmental costs and lease rollover on the related mortgaged property.

Reserve Payments means with respect to the Development Facilities, an amount equal to that set forth in the development pro-forma approved by Developer, Manager, Tenant and Owner, and with respect to Completed Facilities, an amount equal to the greater of (iii) Seven Hundred Fifty Dollars ($750) per unit per annum or (iv) an agreed-upon amount contained in each Facility’s approved capital expenditure budget. Manager shall receive the Reserve Payments and hold the proceeds thereof for the benefit of Tenant commencing one (1) year after the Certificate of Occupancy Date for each Development Facility and one (1) month after the date hereof for Completed Facilities. The Reserve for all Facilities shall be held in the Central Account for certain expenditures, as described in greater detail in Section 5 hereof, the Pooling Agreement, and in the Management Agreements.

Examples of Reserve Payments in a sentence

• Perhaps, WVPA’s attention to risk is due, in part, to a combination ofretirements, having to purchase new resources (page 6), making market purchases to meet reliability requirements, working with each pass-through customer to make power supply decisions based on their respective risk tolerances, and the potential for customers leaving or joining the WVPA.

• For further information, see the 2013 Federal Reserve Payments Study, available at https://www.frbservices.org/files/communications/pdf/research/2013_payments_study_summary.pdf.and the 2013 FDIC National Survey of Unbanked and Underbanked Households, available at https://www.fdic.gov/householdsurvey/.

• These prepaid numbers are based on the 2010 Federal Reserve Payments Study, which gathered information on both general-use and private-label prepaid cards.

• Check volume in 2006 was 30.6 billion transactions, according to the 2007 Federal Reserve Payments Study.

• The 2007 Federal Reserve Payments Study reports that about 40 percent of all interbank checks involved replacement of the original paper check with electronic payment information during thecollection process.

• Federal Reserve System, The Federal Reserve Payments Study 2016, December 2016, p.

• The Final DIP Order further contemplated (i) a mechanism by which the Debtor, the DIP Lender and the Committee could agree upon the funding of Supplemental Wind Down Reserve Payments upon the receipt of Future Cash Proceeds, and (ii) the allocation of any Future Cash Proceeds that remained after the funding of the Supplemental Wind Down Reserve Payments between the DIP Lender and GUC Reserve.

• After arms-length negotiations, the Parties have now agreed on the funding of certain Supplemental Wind Down Reserve Payments, the payment of certain Deferred Fees (as defined below), and the allocation of certain amounts as between the DIP Lender and the GUC Reserve, as set forth more fully herein and on Exhibit A attached hereto.

• These third-party debit numbers are derived from the 2010 Federal Reserve Payments Study.

• Notwithstanding anything to the contrary contained herein, in the event any Borrower Reserve Payments are deposited into the Collection Account, such Borrower Reserve Payments shall, upon written request of the Seller, be promptly transferred from the Collection Account to the Operating Account for the Seller to transfer into the appropriate escrow or reserve accounts.

More Definitions of Reserve Payments

Reserve Payments means those payments payable by the City and YCSD pursuant to Section 4.1(b) hereof. Reserved Rights shall have the meaning assigned to that term under the Indenture. School Party or School Parties shall mean, collectively or severally, as applicable, the City, the YCSD and the YJSCB. YCSD shall mean the City School District of the City of Yonkers, a school district of the State of New York, acting by and through the Board of Education of the City School District of the City of Yonkers, and any body, board, authority, agency or other governmental agency or instrumentality which shall hereafter succeed to the powers, duties, obligations and functions thereof. Series Facilities Agreement shall mean this Agreement and each other installment sale agreement or facilities lease agreement pursuant to which the Agency or any other public entity shall sell, lease or sublease Additional Facilities to the City and the YCSD and appoint the YJSCB as its agent for purposes of completion of such Additional Facilities, and the City and YCSD shall be obligated to make installment purchase payments or rental payments, as applicable, with respect to a Series of Project Bonds upon terms substantively comparable to that provided in Article IV of this Agreement. Series Indenture shall mean, collectively, the Indenture and each other indenture of trust or bond resolution pursuant to which a Series of Project Bonds shall be issued to finance all or a portion of the costs of a Project. Series License shall mean the License and each other lease or license agreement by the City and/or the YCSD to the Agency or other public entity of Additional Facilities to be financed in whole or in part with a Series of Project Bonds. Series 2021 Bonds shall mean the $[ ] School Facility Revenue Bonds (New Community School Project), Series 2021 of the Agency issued, executed, authenticated and delivered under the Indenture.

Reserve Payments as defined in and pursuant to the Maxus Schedules totaling $336,952.33 USD in the aggregate as of the Execution Date, but specifically excluding (b) the Seller Retained Claims (collectively, the “Current Assets”), less (b) the current liabilities of each Company (the “Current Liabilities”), both determined as of the close of business of the Companies on the Closing Date and in each case as determined in accordance with United States generally accepted accounting principles (“GAAP”) in its preparation of the financial information provided to Sellers pursuant to Article III and excluding cash and all balances either due to or from the Sellers. A sample of such Net Working Capital calculation is set forth on Exhibit B.