Additional Reserve definition

Additional Reserve shall equal $5,000,000 in aggregate, which shall be a reserve above and beyond the Reserve Fund to be funded pursuant to Section 3.4(b)(ii); however, the Additional Reserve need not be a “cash” reserve, but rather the Manager may, to the maximum extent permitted under the Expansion Financing or Permanent Financing, maintain unencumbered funds from such credit facility to be used in lieu of such “cash-funded” Additional Reserve.

Additional Reserve has the meaning assigned to such term in Section 2.16.

Additional Reserve has the meaning given to such term in clause 56 Additional Reserve;

Examples of Additional Reserve in a sentence

• Hospitalization (Additional Reserve Days)When you exhaust Medicare hospital inpatient coverage, including your lifetime reserve days, we provide Benefits for Medicare Part A-eligible expenses for hospitalization, subject to a lifetime maximum Benefit of an additional 365 days.

• Reserves shall be classified under Equity in the Statement of Financial Position which includes Accumulated Surplus/Deficit and the Additional Reserve.

• A‘ohoku Place, Hilo, Hawai‘i 96720 USA Phone: (808) 974-2500 Fax: (808) 974-2589Online viewing: www.gemini.edu/efocusTo receive a printed copy of GeminiFocus, please send a request (with your mailing address) to: xzhang@gemini.edu.

• The Board of directors is given freedom to decide the percentage of transfer of profits to reserves which includes Special Reserve, Additional Reserve, General Reserve etc.

• With reference to each Transaction, pursuant to the Programme Cash Allocation, Management and Payments Agreement and the relevant Series CAMPA, the Issuer will establish the relevant Additional Reserve Account with the Transaction Bank.

More Definitions of Additional Reserve

Additional Reserve has the meaning specified in Section 3.03 a. hereof.

Additional Reserve means $1,136,000. Without in any way limiting the rights or discretion of Lender hereunder, in the event Lender fails to receive a satisfactory landlord's waiver with respect to any premises leased by Borrower, Lender shall have the right to establish such reserves with respect thereto as Lender elects to establish in its sole discretion exercised in Good Faith. Lender, in its sole and absolute discretion, may elect to make advances to Borrower in excess of the amounts available pursuant to the advance rates set forth above. Lender shall not apply a percentage less than the A/R % or the Inv % except in the exercise of its Good Faith discretion. Each advance to Borrower shall be in integral multiples of $5,000 and shall, on the day of such advance, be deposited, in immediately available funds, in Borrower's demand deposit account with Lender. The Liabilities constituting the Revolving Loan shall, after the date hereof, be evidenced, in part, by a promissory note made by Borrower in favor of Lender (the "Revolving Note") in the form of Exhibit C with the blanks appropriately filled and shall become immediately due and payable as provided in subsection 9.1 hereof, and, without notice or demand, upon the termination of this Agreement pursuant to subsection 2.8 hereof.

Additional Reserve means (x) assuming a Landlord Consent and Mortgage is obtained in accordance with Section 3.8 with respect to the Sixth Avenue Lease at any time before the Closing Date or thereafter, the sum of $1,000,000 or (y) if no Landlord Consent and Mortgage is obtained with respect to such lease (or for such time as no such Landlord Consent and Mortgage has been obtained), the sum of $2,500,000.

Additional Reserve means the amount of reserves that Lender has established with respect to the Xxxxxxxx Overtime Claim, which Additional Reserve shall equal $0 at such time (and at all times thereafter) as Borrower has delivered to Lender evidence satisfactory to Lender that (a) Borrower and its Subsidiaries have no further obligations (including all amounts owing) in connection with the Xxxxxxxx Overtime Claim and (b) a final judgment has been entered on the Xxxxxxxx Overtime Claim. The Additional Reserve shall initially equal $2,500,000. Such amount has been established by Lender solely for the purposes of the Borrowings hereunder and under no circumstances shall be used for any other purpose, including, without limitation, by any Person or Governmental Authority as an admission, determination, or estimation of the value of the underlying liability to which such Additional Reserve relates.

Additional Reserve means, as the context may require, the VLL5 Additional Reserve or the VLL6 Additional Reserve. Each Lender’s Additional Reserve is several and not joint with the Additional Reserve of the other Lender.

Additional Reserve means, collectively, each reserve established by the Administrative Agent pursuant to Section 7.16 hereof; provided, that the amount of each such reserve is equal to $5,000,000.

Additional Reserve means, on any date, an amount that is equal to 2% of Eligible Inventory on such date (other than Eligible Inventory consisting of general merchandise located at the Stores), PROVIDED that the calculation of the Additional Reserve shall include general merchandise located at the Stores at such times as the Additional Shrink Percentage is zero.