Working Capital Reserves. At all times from and after the date hereof, the General Partner may cause the Partnership to establish and maintain working capital reserves in such amounts as the General Partner, in its sole and absolute discretion, deems appropriate and reasonable from time to time.
Working Capital Reserves. At all times from and after the date hereof, the Managing Member may cause the Company to establish and maintain working capital reserves in such amounts as the Managing Member, in its sole and absolute discretion, deems appropriate and reasonable from time to time.
Working Capital Reserves. Owner shall deposit in the Operating Account funds sufficient to fund the Working Capital Reserve in the Approved Budget to the extent that such expenses are reasonably expected to exceed funds derived from the operation of the Property for the applicable Accounting Period. Owner shall replenish any depletion in the Working Capital Reserve within ten (10) days after receiving a request from Manager.
Working Capital Reserves. Within 45 days after the end of each fiscal quarter in which a Sale or Refinancing occurs, the General Partners shall send to each Person who was an Investor as of the close of business on the first business day of the month that includes the date of occurrence of the Sale or Refinancing, a report as to the nature of the Sale or Refinancing and as to the Profit or Loss arising from the Sale or Refinancing. E. The General Partners will prepare and timely file with appropriate federal and state regulatory authorities all reports required to be filed with such entities under then-applicable laws, rules and regulations. Such reports shall be prepared on the accounting or reporting basis required by such regulatory authorities. Upon request, copies of such reports will be furnished to any Investor or Limited Partner for any purpose reasonably related to the Investor's or Limited Partner's interest as an Investor or a Limited Partner. In the event that any regulatory authority promulgates rules or amendments thereto that would permit a reduction in any of the reporting requirements to which the Fund is subject under this Agreement at the time of the execution hereof, the Fund may cease to prepare and file any such reports in accordance with such rules or amendments.
Working Capital Reserves. Within forty-five (45) days after the end of each fiscal quarter in which a Sale or Financing occurs, the General Partner shall send to each Person who was an Investor as of the close of business on the first business day of the month that includes the date of occurrence of the Sale or Financing, a report as to the nature of the Sale or Financing and as to the Profit or Loss arising from the Sale or Financing.
Working Capital Reserves. The General Partner may set aside proceeds of the Offering and other cash receipts of the Partnership (including payments in respect of the Unfunded Commitments) to establish and replenish from time to time commercially reasonable working capital reserves. Any balance in the working capital reserves upon dissolution of the Partnership shall be distributed in the same manner as other Assets are distributed.
Working Capital Reserves. Commencing with the Commencement Date, Tenant shall commit or make available, as the case may be, in connection with the restaurants in the Premises and all of the food and beverage services contemplated under the Food Service Operations Agreement, (i) not less than One Hundred Fifty Thousand Dollars ($150,000) for pre-opening costs and expenses, (ii) not less than One Hundred Thousand Dollars ($100,000) for inventories, and (iii) not less than Four Hundred Thousand Dollars ($400,000) as working capital to cover any operating deficits in the restaurants and the food and beverage operations for the Hotel until Tenant's business at the Premises has been profitable for a calendar quarter.
Working Capital Reserves. The Manager shall determine the Distributable Cash after retention of reasonable working capital reserves.
Working Capital Reserves. At all times from and after the date hereof, the Board may cause the Company to establish and maintain working capital and other reserves in such amounts as the Board, in its sole and absolute discretion, determines from time to time.
Working Capital Reserves. For each item of Equipment acquired by the Partnership which individually represents at least 10% of the Partnership's total Investment in Equipment, the annual report shall include a status report which shall indicate (i) the condition of the Equipment, (ii) how the Equipment is being utilized as of the year end (whether leased, operated or held for lease, repair or sale), (iii) the remaining term of any lease, (iv) the projected use of the Equipment for the next year (e.g., renew the lease, lease, retire or sell) and (v) such other information relevant to the value or utilization of the Equipment as the General Partner deems appropriate. The status report shall describe the method used and basis for any valuation. D. Until the Net Proceeds of the Offering are fully invested or returned to the Investors and Limited Partners as set forth in Section 5.6F of this Agreement, the Partnership shall prepare a report of Equipment acquisitions made by the Partnership during each quarter. Such report will be distributed to the Investors and Limited Partners within 60 days following the end of each quarter during which Equipment acquisitions are made. Such report shall include, by way of illustration and not of limitation, a statement of the actual purchase price of Equipment acquired during the quarter, the terms of the purchase and the applicable lease and a statement of the total amount of cash expended by the Partnership to acquire such Equipment (including all commissions, fees and expenses). E. The General Partner shall prepare and timely file with appropriate federal and state regulatory authorities all reports required to be filed with such entities under then-applicable laws, rules and regulations. Such reports shall be prepared on the accounting or reporting basis required by such regulatory authorities. Upon request, copies of such reports will be furnished to any Investor or Limited Partner for any purpose reasonably related to the Investor's or Limited Partner's interest as an Investor or a Limited Partner. In the event that any regulatory authority promulgates rules or amendments thereto that would permit a reduction in any of the reporting requirements to which the Partnership is subject under this Agreement at the time of the execution hereof, the Partnership may cease to prepare and file any such reports in accordance with such rules or amendments.
