Working Capital Reserve shall have the meaning set forth in the Partnership Agreement.
Working Capital Reserve means a cash reserve held in the Operating Account that is readily available to Manager during the Term to finance the services, repairs and maintenance described in Section 5.2 including Minor Capital Expenditures and Major Capital Expenditures, insurance premiums for the Property described in Section 9.1, and utilities for the Property, in such amounts as determined by the Owner in its sole discretion.
Working Capital Reserve. The term "Working Capital Reserve" shall mean a portion of the Invested Capital which the General Partners, in their discretion, determine is prudent to be maintained by the Partnership to pay for operating, and other costs and expenses the Partnership may incur with respect to its activities. INDEX TO THE FINANCIAL STATEMENTS Page
Examples of Working Capital Reserve in a sentence
Resolution: Receive and File the Comprehensive Annual Financial Report, Reports on Compliance and Internal Controls as Required by Uniform Guidance and the Transportation Development Act Report to the Board of Directors for the Fiscal Year Ended June 30, 2020 and Designate$3,692,795 and $9,100,000 to SacRT’s Operating Reserve and Working Capital Reserve, Respectively (B.
More Definitions of Working Capital Reserve
Working Capital Reserve. As defined in Section 3.1(a)(iv).
Working Capital Reserve has the meaning given in Section 12.11.
Working Capital Reserve means the reserve to the established by the Partnership for working capital purposes pursuant to Section 6.1(d).
Working Capital Reserve has the meaning given in Section 3.6.
Working Capital Reserve means, as the context requires, the Working Capital Operating Reserve or the Working Capital Sale Reserve, as applicable. The parties acknowledge that the funds contributed by the Members on the Effective Date shall remain with the Company as the initial Working Capital Reserve to be disposed of in accordance with the then-approved Operating Budget or the then-approved Business Plan.
Working Capital Reserve has the meaning given in Section 2.6(a).
Working Capital Reserve means, as of any date of determination, (i) twenty million dollars ($20,000,000) plus (ii) an amount equal to (A) 0.04 multiplied by (B) (1) the Company’s Gross Asset Value as of such date of determination less (2) the Company’s Gross Asset Value as of the effective date of the ERFP Agreement.