Operating Reserve. 5 1.29 Original PJM Agreement............................ 5 1.30
Operating Reserve. Contributions by the Municipality prior to March 31, 2021, towards Eligible Operating Expenses that have been matched with a Provincial share Contribution but have not been used to fund incurred Eligible Operating Expenses.
Operating Reserve. SPINNING RESERVE SERVICE Operating Reserve – Spinning Reserve Service must be purchased by a party with generation in the BPA Control Area that is receiving this service from BPA and such Spinning Reserve Service is not provided for under a BPA transmission agreement. Service is being received if there are no other qualifying resources providing this required reserve service in conformance with NERC, WECC, and NWPP standards. BPA will determine the Control Area Service Customer’s Spinning Reserve Requirement in accordance with applicable NERC, WECC, and NWPP standards.
Operating Reserve. No advances from the Operating Reserve shall be made until both a certificate of occupancy has been issued by the applicable governmental authorities and, if applicable to the Facility, an operating license has been issued for the Facility by the appropriate Governmental Authority or Authorities. Advances from the Operating Reserve shall be for the sole purpose of paying Debt Service or net operating losses as shown on a monthly financial report for such Facility prepared in accordance with the requirements set forth in this Agreement, and certified by the Chief Financial Officer, Executive Vice President or President of the Guarantor.
Operating Reserve c. Any needed short term financing until the Crown Unit is sold. per Home.
Operating Reserve. Operating Reserve shall mean the amount of generating capacity scheduled to be available for a specified period of an operating day to ensure the reliable operation of the PJM Region, as specified in the PJM Manuals.
Operating Reserve. Contractor shall maintain, at all times during the term of this Agreement, an unallocated operating reserve at least equal to 11.5 percent of the total annual contract amount. Contractor shall maintain, at all times during the term of this Agreement, an additional reserve (distinct from the reserve identified in Section 20.A above) in an amount at least equal to outstanding employee leave balances. [The unallocated operating reserve shall be established and maintained according to procedures developed by the Contractor’s Board of Directors. Expenditures from the unallocated operating reserve shall follow the procedures set forth by the Board of Directors and shall be reflected in the financial information the Contractor furnishes to the Court.] Contractor shall notify the Court within forty-five (45) calendar days if any reserve required by this Section 20 falls below the applicable minimum level. Contractor shall include with the notification: (1) a detailed explanation of the reason(s) for the reduced reserve level and (2) a plan for specific operational change(s) to increase the reserve to the mandatory minimum level. Contractor shall not be deemed to be in breach of this Agreement if any reserve required by this Section 20 falls below the applicable minimum level if Contractor has implemented a plan to raise the applicable reserve to the minimum level within a reasonable period of time. For avoidance of doubt, any line of credit or similar instruments may be used to determine whether the reserves required under this Section 20 have been met. PROPRIETARY OR CONFIDENTIAL INFORMATION OF THE COURT Contractor understands and agrees that, in the performance of the Services under this Agreement or in contemplation thereof, Contractor may have access to private or Confidential Information that may be owned or controlled by, or entrusted to, the Court, their personnel or constituents and that the disclosure of such information to Third Parties may be damaging to the Court. Contractor agrees that all information disclosed to Contractor in connection with this Agreement shall be held in confidence and used only in the performance of the Agreement. Contractor shall exercise the same standard of care to protect such information as Contractor uses to protect its own proprietary information and in any case, no less than a reasonably prudent person or entity would use to protect its own proprietary data. Notwithstanding the foregoing, Contractor may disclose the Confi...
Operating Reserve. To the extent funds of the Partnership are sufficient for this purpose, the General Partner shall maintain an adequate reserve for potential losses, for operating expenses, and for future investments in the amount as may reasonably be deemed necessary by the General Partner for the proper conduct of the business of the Partnership.
Operating Reserve. The Partnership shall establish a reserve in the amount of $425,000.00 (the "Operating Reserve") concurrently with the funding of the Third Capital Contribution. The Operating Reserve will be held by AHP on behalf of the Partnership. With the Consent of AHF, the Wichita GP may make withdrawals from the Operating Reserve solely for the purpose of paying Operating Deficits incurred by the Partnership after the Wichita GP has satisfied all of its obligations under the Operating Deficit Guaranty and the ODG Cap has been met. Any funds remaining in the Operating Reserve shall be released on expiration of the Compliance Period and disbursed as Net Cash Flow pursuant to the provisions of Section 9.1 of this Agreement.
Operating Reserve. The Board of Education shall be responsible for the funding of the Joint Insurance Health Plan Trust which shall be by monthly payments in advance of 1/12 of the annual funding level determined by an independent actuary based upon experience and administrative costs, stop loss insurance costs, Third Party Administrator costs, and Managed Care Administrator costs. All such costs are to be determined by like manner for each year of the plan but shall in no event be less than the projections in the first year. The totality of this contribution shall be known as the Operating Reserve. After the first year, the Board's annual increased cost will be limited to 50% of medical inflation increase or the cost of living increase both as determined by the U.S. Department of Labor Consumer Price Index effective for the Greater Cleveland Metropolitan Area, whichever is greater. The funding for each additional year shall be in twelve (12) equal installments and shall be as follows:
