Reserve Threshold definition

Reserve Threshold means Five Hundred Thousand and No/100 Dollars ($500,000.00).
View Source
Reserve Threshold means Three Hundred and Seventy-Five Thousand and No/100 Dollars ($375,000.00).
View Source
Reserve Threshold means the minimum number of Reserves, set by the Company and subject to revision at any time. (LOA 61.E.1.) OOO. “RFT/MV/▇▇▇ SPECIFIC GROUND TRAINING” or “SPECIAL USE AIRPORT
View Source

Examples of Reserve Threshold in a sentence

  • A calculation demonstrating that the deposit of the Reserve Shortfall would restore compliance with the Reserve Threshold for the relevant period.

  • If the Reserve remains below the Reserve Threshold after the expiration of the 90-day period or if utilization exceeds the allowable cap, this shall constitute a Default under the Agreement, and the Trustee shall escalate enforcement actions, including requiring additional collateral or renegotiation of terms, as deemed necessary.

  • Helios shall maintain this increased Reserve Threshold until no Reserve utilization occurs for a continuous period of twelve (12) months.

  • The Trustee shall monitor the Reserve balance and notify both Helios and Energea in writing if the balance falls below the Reserve Threshold.

  • If the Reserve is utilized three (3) times within a rolling twelve (12)-month period, Helios shall increase the Reserve Threshold to an amount equal to six (6) months of the Service of Debt.

  • The Trustee shall monitor the balance of the Reserve and provide timely written notice to Helios and Energea if the balance falls below the Reserve Threshold.

  • Helios shall maintain an aggregate balance in the Trust Account (the "Reserve") at all times equal to the sum of the Service of Debt for the previous month multiplied by three (the "Reserve Threshold").

  • If the balance in the Trust Account falls below the Reserve Threshold ("Reserve Shortfall"), Helios shall replenish the Reserve within the Cure Period specified in Section 6.4 by depositing or transferring sufficient funds into the Trust Account to restore the Reserve to the Reserve Threshold.

  • For the avoidance of doubt, if the Service of Debt for the previous month was $100, the Reserve Threshold shall be $300.

  • If the balance in the Trust Account falls below the Reserve Threshold (a "Reserve Shortfall"), Helios shall replenish the Reserve within the applicable Cure Period specified in Section 6.4 by depositing or transferring sufficient funds to restore the Reserve to the full Reserve Threshold.


More Definitions of Reserve Threshold

Reserve Threshold means the minimum aggregate balance that must be maintained in the Trust Account at all times, as calculated under Section 5.4.3(a). This is defined as the Service of Debt for the previous month multiplied by three.
View Source

Related to Reserve Threshold

  • Required Reserve Amount means, with respect to any Payment Date, 0.25% (or such other higher percentage as may be determined by the Depositor, in its sole discretion, on or prior to the Closing Date) of the difference of the Aggregate Starting Principal Balance less the Yield Supplement Overcollateralization Amount as of the Cutoff Date of all Receivables transferred to the Trust.