Minimum Reserve. It is the Owners option to maintain a Minimum Reserve with Agent. Agent may (but shall not be required to) advance its own funds for purchases, services, repairs, maintenance, & etc..
Minimum Reserve. The Company shall at all times maintain a reserve of shares of Common Stock for issuance upon conversion of the Debentures and for payment of interest thereupon in shares of Common Stock in accordance with this Agreement and the Debentures, in such amount as may be required to fulfill its obligations in full under the Transaction Documents, which reserve shall equal no less than the Initial Minimum or the then Current Required Minimum, as then applicable.
Minimum Reserve. If elected, Owner shall maintain the Minimum Reserve with Agent. On the request of Agent, Owner shall immediately deliver to Agent funds sufficient to bring the balance held by agent up to the Minimum Reserve. In the event of any insufficiency, Agent may (but not be required to) advance its own funds for Owner, in which event Owner shall reimburse Agent upon demand the full amount advances, with interest at 12% per annum. Agent may withhold all amounts payable to Owner for a period of 45 days after the termination of this Agreement to pay bills previously incurred and to close accounts.
Minimum Reserve. Cash balance after deduction of 1.1 and 1.2
Minimum Reserve. The general reserve of the Cooperative must accumulate to a minimum of ______% of the total assets of the Cooperative as reported in the year-end financial statements. No patronage return is payable to members if the general reserve is or would, as a result of a payment, fall below the minimum percentage of assets.
Minimum Reserve. Landlord shall maintain a minimum reserve fund with Agent. The minimum reserve shall 248 be an amount equal to one month’s normal disbursements for such things as condominium/association dues, other 249 monthly or regular obligations, excluding mortgage payment, of Landlord, plus 250 $ 250.00 for maintenance and repairs. Funds are to be accounted for in Agent’s escrow account 251 and are to be used for payment of Landlord’s obligations as otherwise provided in this agreement.
Minimum Reserve. The Inventory Reserve as that term is defined in the --------------- Fleet Loan Facility shall not be less $2,500,000.
