THE RESERVE. Climate Action Reserve,
THE RESERVE. Climate Action Reserve, a California nonprofit public benefit corporation By: Name: Xxxxx Xxxxx Title: President insert name of entity, type of entity By: Name: insert name of signatory Title: insert title of signatory THIS GREENHOUSE GAS REDUCTION RIGHTS CONTRACT (“Contract”) dated as of [ ]
THE RESERVE. Climate Action Reserve, a California nonprofit public benefit corporation By: Name: Xxxxx Xxxxx Title: President insert name of entity, type of entity By: Name: insert name of signatory Title: insert title of signatory On , 20 before me, , a Notary Public, personally appeared , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity(ies) upon behalf of which the person(s) acted, executed the instrument. (Notary’s official signature) (Commission Expiration) THIS GREENHOUSE GAS REDUCTION RIGHTS CONTRACT (“Contract”) dated as of [ ]
THE RESERVE. (a) Lender shall hold the Reserve in one or more interest bearing accounts ("ACCOUNTS" or "ACCOUNT") invested at such financial institutions as Lender shall select in its sole discretion, more particularly described in 3(b) below.
(b) Any interest earned on the Account shall be for the benefit of Borrower and shall be added to the principal balance of the Account and disbursed in accordance with this Agreement. Lender shall not be responsible for any losses resulting from investment of monies in the Reserve or for obtaining any specific level or percentage of earnings on such investment. The Reserve deposited pursuant to Section 3(b) shall be invested by the Lender in Accounts maintained in the name of the Lender as secured party with respect to the Borrower in commercial or savings banks provided that such Accounts shall at all times be with an institution insured by the Federal Deposit Insurance Corporation to the fullest possible extent consistent with applicable laws (currently $100,000), and further provided that the Accounts shall be demand accounts, withdrawable at the time for payment for Tenant Improvements or Leasing Commissions, and the funds so obtained shall be disbursed pursuant to the terms of this Agreement. The Account options are: JHREF Loan No. 3212525 X Cash Investment Account at Wachovia Bank of North Carolina, ------ Charlotte, North Carolina Business Premier Money Market Account at Wachovia Bank of ------ North Carolina, Charlotte, North Carolina (minimum balance of $10,000) Account selection at the execution of this Agreement is for the life of the Loan. The above selected bank and any assign or successor to such bank shall hereinafter be referred to as "BANK." Borrower acknowledges that the Bank is hereby selected by Lender with Borrower's consent, and Borrower agrees that any loss of funds while in the hands of Bank is at the risk of the Borrower. Borrower further acknowledges and agrees to be fully responsible for any and all fees charged by the Bank for the Account that is maintained therein. Lender reserves the right in its sole discretion to move the Account to another bank in the event the Bank fails to satisfy Lender or rating agency criteria, at which time, Borrower may be required to choose from alternative account options.
THE RESERVE. (A) elected at the same time as that Panel Member was elected (and if there is more than one such Reserve, the Reserve appearing highest in the list created under Clause 6.2.7); or
(B) if there is no such Reserve, any other Reserve in respect of the Party Category relevant to that office, shall be appointed to that office. The appointment shall be subject to Clause 6.17, but as if the reference to “his election” in the final line thereof were to “the date upon which the relevant office became vacant”; or
THE RESERVE. Fund Securities Intermediary shall not be bound to make any investigation into the facts or matters stated in any resolution, order, certificate, statement, instrument, opinion, report, notice, request, consent, entitlement order, approval or other paper or document.
THE RESERVE. 1. The Reserve, to be maintained under the Food Bank (hereinafter referred to as “the Reserve”), shall consist of wheat or rice or a combination thereof (hereinafter referred to as “food grains”) earmarked by the Member Countries exclusively for the purpose described in Article V.
2. The Reserve shall remain the property of the Member Country that has earmarked it and shall be in addition to any national reserve that may be maintained by that Member Country.
3. Each Member Country undertakes to earmark as its assessed share of the Reserve the amount of food grains allocated to it in the Schedule-I of this Agreement and to keep the Board informed of the quantum of its reserve with locations of the designated godowns.
4. The Member Countries shall keep the Schedule-I under review and may amend it in the light of operating experience in accordance with the procedure laid down in Article XV.
5. A Member Country may, at any time, voluntarily earmark for the purpose provided for in this Agreement food grains exceeding the amount allocated to it in the Schedule-I.
THE RESERVE. A sub-set of the broader THIRDHOME Exchange which is also administered by THIRDHOME. Several unique terms and conditions apply to The Reserve; these can be found below at Section (E)(IV).
THE RESERVE. 1. The Reserve shall consist of wheat or rice or a combination thereof, (hereinafter referred to as foodgrains) earmarked by the member countries exclusively for the purpose described in Article III The foodgrains forming part of the Reserve shall remain the property of the member country that has earmarked them and shall be in addition to any national reserve that may be maintained by that member country.
2. Each member country undertakes to earmark as its share of the Reserve the amount of foodgrains allocated to it in the Schedule of this Agreement. The said Schedule shall be an integral part of this Agreement.
3. The member countries shall keep the Schedule under review and may amend it in the light of oper- ating experience in accordance with the procedure laid down in Article XI
4. A member country may, at any time, voluntarily earmark for the purpose provided for in this Agree- ment, foodgrains exceeding the amount allocated to it in the Schedule. In such a case the member country concerned may only withdraw the amount in excess of its allocation by giving six months advance written notice to the Board.
5. The quality of all foodgrains earmarked by the member countries shall be at least of fair average quality, or comply with any other quality standards laid down by the Board.
6. The member countries undertake to provide adequate storage facilities for the foodgrains that they have earmarked; to inspect the food grains periodically and to apply appropriate quality control measures, including turnover of the foodgrains, if necessary, with a view to ensuring that all times the foodgrains satisfy the required quality standards; and to replace forthwith any foodgrains that do not satisfy the said standards. In addition, the member countries agree to make every effort to comply with any guidelines on storage methods or quality control measures adopted by the Board.
THE RESERVE. Tenant shall establish a separate interest bearing reserve account (the "Reserve") in a bank designated by Landlord and reasonably approved by Tenant. All interest earned on the Reserve shall be added to and remain part of the Reserve. The purpose of the Reserve is to cover the cost of the following, to the extent carried out in accordance with this Agreement:
(i) replacements, renewals and additions to FF&E at the Hotel; and (ii) repairs, renovations, renewals, additions, alterations, improvements or replacements and maintenance to the leased Premises, all of which are routine and which are normally capitalized under generally accepted accounting principals, such as exterior and interior repainting, resurfacing building walls, floors, roofs and parking areas, and replacing folding walls and the like.
(a) for each month during the first Lease Year during the Term hereof three percent (3%) of the Gross Receipts (as defined in Section 4.2 hereof) for such month shall be deposited in the Reserve; (b) for each month during the second Lease Year during the Term hereof four percent (4%) of the gross Receipts for such month shall be deposited in the Reserve; and (c) for each month during the third Lease Year and each Lease Year thereafter during the Term hereof, five percent (5%) of Gross Receipts for such month shall be deposited in the Reserve. Deposits to the Reserve with respect to any such month shall be made in arrears within twenty-one (21) days after the end of such month. Within sixty (60) days after the close of each Lease Year, Tenant shall notify Landlord of the balance in the Reserve and of the account in which the Reserve is maintained. Tenant may only withdraw funds from the Reserve contained in the Approved Reserve Budget and, if not, only with the prior approval of Landlord. (Which funds shall not be withdrawn to cover Major Repairs as described in, and the cost of which shall be borne by Landlord, as set forth in Section 11.2 hereof.) Not later than sixty (60) days prior to the commencement of each calendar year during the Term hereof, Tenant shall submit to Landlord a detailed budget of expenses for the forthcoming calendar year (the "Reserve Budget"). Such Reserve Budget shall reflect by line item the projected budget expenses for the Premises and assumptions on the basis of which such line items were prepared in narrative form if necessary, including separate items for all projected expenditures for replacements, substitutions and additions t...
