Cash Reserve Amount definition

Cash Reserve Amount means, at any time, the balance of the amounts standing to the credit of the Cash Reserve Account, net of any interest accrued and paid thereon.

Cash Reserve Amount has the meaning set forth in Section 8.1(a).

Cash Reserve Amount means an amount equal to $2 million.

Examples of Cash Reserve Amount in a sentence

• Pre-enforcement Interest Priority of Payments 3, Target Cash Reserve Amount 4.

• The Carve Out Reserve shall be maintained in trust for the Professionals and shall not be considered property of the Debtors’ Estates; provided that the Reorganized Debtors shall have a reversionary interest in the Unused Cash Reserve Amount.

• The Cash contained in the Carve Out Reserve shall be used solely to pay the obligations and liabilities for which such reserve was established, with the Unused Cash Reserve Amount (if any) being returned to the Reorganized Debtors within three (3) Business Days after determining the Unused Cash Reserve Amount.

• While each Purchased Receivable may have due dates for scheduled payments thereunder there is no assurance that the Obligors will pay on time, entirely or at all.The risk of late payment by Obligors is in part mitigated by the Cash Reserve Amount to the extent that funds are available in the Cash Reserve Account.

• The Professional Fee Claim Reserve will be maintained in trust for the Professionals and will not be considered property of the Debtors’ Estates; provided that the Reorganized Debtors will have a reversionary interest in the Unused Cash Reserve Amount.

More Definitions of Cash Reserve Amount

Cash Reserve Amount means, at any time, an amount equal to the aggregate principal amount of Securities outstanding at such time multiplied by .06.

Cash Reserve Amount means, in respect of each Payment Date, an amount equal to the difference between the Reserve Amount as of the Issue Date and the Liquidity Reserve Amount as of such Payment Date, provided that on the Payment Date on which the Rated Notes are redeemed in full, the Cash Reserve Amount will be equal to 0 (zero).

Cash Reserve Amount means, subject to Clause 12.3.18, six hundred and twenty five thousand Dollars ($625,000).

Cash Reserve Amount means, on the Issue Date and thereafter on each Incremental Instalment Date and/or each Payment Date, the amount credited to the Cash Reserve Account.

Cash Reserve Amount means, for each Payment Date (or the Closing Date as the case may be) falling prior to the earlier of (a) the Payment Date scheduled to fall in October 2011 and (b) the Termination Date, save as provided below, the Scheduled Cash Reserve Amount for such date.

Cash Reserve Amount means, on each Payment Date and/or Settlement Date, the amount credited to the Cash Reserve Account;

Cash Reserve Amount means (a) an amount, determined on or prior to each Guarantor Calculation Date, sufficient to ensure that the Guarantor would have sufficient funds set aside and readily available to pay in the immediately following six months starting from the relevant Guarantor Payment Date (i) interest amounts due in relation to all outstanding series of Covered Bonds, plus (ii) all costs and expenses ranking under items (i) to (iii) of the Pre-Issuer Event of Default Interest Priority of Payments; or (b) any other higher amount that may be required by the relevant implementing provisions of EU Directive on Covered Bonds and communicated by the Issuer to the Guarantor Calculation Agent before each relevant Guarantor Calculation Date.