Working Capital Reserve. Twenty Thousand Dollars ($20,000) of Working Capital reserve shall be maintained by Manager in the Disbursement Account during the term hereof, used in connection with the operation of the Project in accordance with the terms hereof and restored per the terms of Sections 4.03 hereof.
Working Capital Reserve. On the Closing Date, the Initial Member and the Private Owner shall fund, as Capital Contributions to the Company, the Working Capital Reserve Account in accordance with the provisions of Section 12.11 hereof and Section 1 of the Transferred LLC Interest Sale Agreement, which funds shall be used for payment of Working Capital Expenses in accordance with the provisions in such Section 12.11 and as otherwise permitted pursuant to the Custodial and Paying Agency Agreement.
Working Capital Reserve. The Managing General Partner shall have the right to cause the Partnership to set up a Working Capital Reserve and to set aside therein such funds as the Managing General Partner, in its sole and absolute discretion, shall determine to be reasonable in connection with the operation of the business of the Partnership. Any funds set aside for such Working Capital Reserve may be invested by the Managing General Partner with a view to the appropriate degree of safety of and return on such invested funds, and such funds shall not be available for current distribution under Section 6.5; provided, however, that some or all of such funds may subsequently be made available for distribution pursuant to Section 6.5 should the Managing General Partner, in its sole and absolute discretion, so elect. The Working Capital Reserve established and maintained pursuant to this Section 7.5 shall be in addition to any reserves established and maintained by the Managing General Partner to implement the Successor Policy pursuant to Section 8.6.
Working Capital Reserve. A reasonable working capital reserve per for each Project, as determined by Owner in its sole discretion, shall be delivered by Owner to Manager concurrently with Owner's execution and delivery hereof, to be maintained by Manager during the term hereof, used in connection with the operation of the Project in accordance with the terms hereof, and restored per the terms of Sections 4.4 and 4.5 hereof.
Working Capital Reserve. The Partnership shall establish a reserve (the "Working Capital Reserve") in the amount of $218,000.00 at Initial Closing. The First Priority Lender shall hold the Working Capital Reserve on behalf of the Partnership. With the consent of the First Priority Lender and Notice to AHF, the Wichita GP may make withdrawals from the Working Capital Reserve solely for the purpose of paying the costs permitted under the Escrow Agreement for Working Capital between the First Priority Lender and the Partnership executed in connection with the First Priority Loan. Upon release by the First Priority Lender, any balance in the Working Capital Reserve shall be distributed as Net Cash Flow pursuant to Section 9.1 of this Agreement.
Working Capital Reserve. 8.5.1 On the date hereof, Borrower shall deposit with Lender the sum set forth on Exhibit K hereto as the Working Capital Reserve to be held in an account maintained at a bank designated by Lender and pledged to Lender as additional collateral for the Loan (the "Working Capital Reserve Account"). The Working Capital Reserve Account shall be an interest-bearing account and all interest earned thereon shall become part of the Working Capital Reserve Account for the benefit of Borrower.
Working Capital Reserve. The Managing Members shall use their best efforts to maintain a working capital reserve of two percent (2%) of the aggregate Adjusted Capital Contributions and to restore such reserve if depleted.
Working Capital Reserve. In order to provide working capital for the Condominium Association, the Buyer shall, at the time of the Closing, deliver to Seller’s Counsel, a deposit to be delivered to the Trustees of the Condominium Trust, in an amount equal to Two (2) months of the estimated monthly Common Area Charges attributable to the Unit, as determined on the date of the Closing, plus the pro rata share of any such Common Charges due for the month of the Closing. The Buyer shall commence making monthly payments of Common Charges beginning with the first month following the date of the Closing. This provision shall survive the delivery of the Deed.
Working Capital Reserve. SECTION 3.01. Establishment and Maintenance of Working Capital Reserve SECTION 3.02. Use of Working Capital Reserve Article IV—Miscellaneous SECTION 4.01. Severability; Governing Law SECTION 4.02. Counterparts
Working Capital Reserve. From time to time, the General Partner, in its sole discretion, may establish and maintain a working capital reserve (herein so called). If and to the extent the General Partner determines, in its sole discretion, that funds in the working capital reserve that have not been utilized by the Partnership are no longer required to be so maintained, such funds will be released from the working capital reserve and distributed in the manner in which they would have been distributed had they not been set aside to fund such working capital reserve. The General Partner will determine, in its sole discretion, the periods to which any funds released from the working capital reserve are attributable.
