Reserve Amounts definition

Reserve Amounts has the meaning ascribed to such term in Section 6.6.
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Reserve Amounts means the aggregate amounts of Program Funds maintained at any time, and from time to time, in the Liability Reserve and the Operating Reserve.
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Reserve Amounts means, with respect to a Calculation Period: (a) the amounts required to be, and actually maintained in, any Debt Service Account (funded solely with Project Revenues and/or Equity Contributions and without duplication of payments made with Borrower Net Revenues), debt service reserve account(s), operations and maintenance reserve account(s), punch list reserve account(s) and any other reserve account(s) pursuant to Major Project Indebtedness Documents, (b) to the extent (i) no Major Project Indebtedness or Qualified Tax Equity Financing is outstanding with respect to a Project or (ii) the maintenance of an operation and maintenance reserve is not required for a Project under the terms of Major Project Indebtedness or Qualified Tax Equity Financings, a cash reserve for O&M Costs for such Project (the “Non-Financing O&M Reserve”), (c) a reserve funded solely with Project Revenues and/or Equity Contributions for Borrower Tax Distributions and without duplication of payments of Borrower Tax Distributions made with Borrower Net Revenues, payable during the next succeeding Calculation Period (the “Tax Distribution Reserve”), and (d) amounts and funded solely with Project Revenues and/or Equity Contributions being retained for the reasonably expected future cash needs of the Borrower and its Subsidiaries for the next succeeding six (6) months following the end of such Calculation Period (including cash reserves for settlement of capacity, energy or renewable energy credit sales but excluding the amounts held in any Distribution Reserve Account) and cash amounts delivered to third parties to satisfy collateral requirements of the Borrower and its Subsidiaries under Permitted Power Documents (the aggregate amount under this clause (d) shall be referred to as the “Overflow Reserve”). For the avoidance of doubt, Reserve Amounts to be funded solely with Project Revenues and/or Equity Contributions shall not be permitted to be Debt-Funded Reserve Amounts.
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Examples of Reserve Amounts in a sentence

  • Those estimated costs shall be presented in enough detail so that the Board of Directors can determine their sufficiency to maintain the actuarial soundness of the Operating Fund and the Reserve Amounts and to pay all related premiums and costs.

  • This Agreement shall terminate on the first to occur of (i) the date specified for such termination in a Joint Written Direction delivered to Escrow Agent, (ii) the Release Date in the event there remain no Unresolved Claims for which there are Estimated Reserve Amounts at such time, or (iii) upon the automatic release by the Escrow Agent of the Escrow Account Balance in accordance with the provisions of Section 6(e) of this Agreement.

  • The Liquidation Trustee shall maintain the Disputed Equity Interest Reserve, a Reserve for anticipated Liquidation Trust Expenses, and a Reserve for Liabilities in accordance with the Plan, the Confirmation Order, Order Establishing Reserve Amounts for Disputed Claim of Evolution Capital Management, LLC and Related Indemnity Claims, and Order Establishing Reserve Amount for Disputed Claim of Xxxxx Xxx.

  • Delivery of notices of Estimated Reserve Amounts and delivery of Joint Written Direction and the amounts of any Estimated Claim Amount or payment to Purchaser or Sellers in accordance with the terms of this Agreement shall be recorded in the internal account records maintained by Escrow Agent relating to the Escrow Account.

  • On resolution of the claim underlying any Reserve Amount or on expiration of Survival Period without a formal proceeding having been filed against the Parent Indemnified Parties with respect to the underlying claim, any Reserve Amounts shall be distributed to the shareholders of Caroderm in the same proportion as set forth above.

  • The Master Merchant may, in its sole discretion, impose Transaction Limits or Reserve Amounts on specific Sub Merchant’s accounts, either temporarily or permanently, which are more restrictive than limits placed on other clients in order to reduce Master Xxxxxxxx's reasonable apprehension of risk of loss under varying circumstances.

  • For the avoidance of doubt, if the number of then Exchange Restricted Units at any time is less than (A) the sum of all the Reserve Amounts in respect of all unresolved claims at such time divided by (B) the Market Price at such time, then no Exchange Restricted Units shall be released at such time (and shall be instead reallocated against remaining unresolved claims as provided in this Section 10.7(b)).

  • In the case of each Underlying Mortgage Loan as to which interest is calculated on an actual/360 basis, the related Interest Reserve Amounts received for each December Interest Accrual Period (other than in a year that immediately precedes a leap year) and January Interest Accrual Period shall be held in the Certificate Account for distribution on the first March Distribution Date that follows such Interest Accrual Period(s).

  • Delivery of notices of Estimated Reserve Amounts and delivery of Joint Written Direction and the amounts of any Estimated Claim Amount or payment to Purchaser or Sellers in accordance with the terms of this Agreement shall be recorded ...

  • The Master Merchant is in no way responsible for any losses sustained by the Sub Merchant, including claims for lost income or profits, on account of the imposition of Transaction Limits or Reserve Amounts for any reason.


More Definitions of Reserve Amounts

Reserve Amounts means, with respect to any Incentive Share at any particular time an amount equal to the fair market value (based on a liquidation analysis) of one Common Share, as determined in good faith by the Board of Directors at the time such Incentive Share is issued by the Company.
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Reserve Amounts means the Amount of Cash or other property required to be deposited in the Disputed Claims Reserve Account, on account of Disputed Claims.
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Reserve Amounts has the meaning ascribed thereto in Section 9.8(d).
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Reserve Amounts shall have the meaning set forth in Section 7.2.
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Reserve Amounts means reasonable amounts held in reserve in order to make such provision as the Company, in its discretion, deems necessary or advisable for any and all reasonably anticipated liabilities, contingent or otherwise, of the Company. Any such amounts held in reserve may, but need not be, invested by the Company in such interest bearing investments as the Company may determine in its discretion.
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Reserve Amounts means the BSA Reserve Amount, Kansas Reserve Amount and the Opt-Out Reserve Amount.
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Related to Reserve Amounts

  • Reserve Amount means, for any Payment Date, the amount of cash or other immediately available funds in the Reserve Account on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account on such Payment Date.

  • Interest Reserve Amount has the meaning set forth in Section 5.1(d).

  • Required Reserve Amount means, with respect to any Payment Date, the lesser of (a) 0.25% of the difference of the Aggregate Starting Principal Balance less the Yield Supplement Overcollateralization Amount as of the applicable Cutoff Date of all Receivables transferred to the Trust and (b) the Outstanding Amount of the Notes.

  • Requisite Reserve Amount As of any date with respect to any Series (or Class within such Series), the amount, if any, required to be maintained in the Reserve Account, if any, for such Series or Class as specified in or determined pursuant to the related Supplement.

  • Reserve Account Amount means, for any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Distribution Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Distribution Date, or, in the case of the initial Distribution Date, the Closing Date), including all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Professional Fee Reserve Amount means the total amount of Professional Fee Claims estimated in accordance with Article II.A.2(c) of the Plan.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • Available Reserve Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Reserve Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Reserve Account made or to be made with respect to such date) and (b) the Required Reserve Account Amount, in each case on such Transfer Date.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Required Reserve Fund Amount With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds (ii) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. Provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of LIBOR Certificates has been reduced to zero, the Required Reserve Fund Amount shall be zero.

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Interest Reserve Account As defined in Section 3.4(d).

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (i) the amount of cash or other immediately available funds in the Reserve Account on such Payment Date (prior to giving effect to any withdrawals therefrom relating to such Payment Date) over (ii) the Specified Reserve Balance with respect to such Payment Date.

  • Carryover Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 4.07 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York in trust for registered Holders of CWABS, Inc., Asset-Backed Certificates, Series 2006-22". Funds in the Carryover Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

  • Debt Service Reserve Account shall have the meaning given to it in the Depository Agreement.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Required Reserve Fund Deposit With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Aggregate Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date; provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of Offered Certificates, the Class B1 Certificates and the Class B2 Certificates has been reduced to zero, the Required Reserve Fund Deposit shall be zero.

  • Reserve Account Required Amount means, with respect to any Payment Date, an amount equal to 0.25% of the Adjusted Pool Balance as of the Cutoff Date; provided, however, that in no event shall the Reserve Account Required Amount on any Payment Date be more than the aggregate Outstanding Amount of the Notes on such Payment Date (after giving effect to the allocation of principal payments on such Payment Date).

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.