Completion Reserve definition

Completion Reserve has the meaning specified in Section 6.01(a).
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Completion Reserve shall have the meaning set forth in Section 6.4.
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Completion Reserve means the portion of the Borrowing Base and unused Commitment that has been reserved for (x) Completion of uncompleted Product or acquisition of Product (including without limitation, the payment of the entire acquisition price or minimum advance for any item of Product acquired from a third party) and (y) any committed prints and advertising expenditure which is a condition precedent to payments of items for which receivables have been included in the Borrowing Base.
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Examples of Completion Reserve in a sentence

  • The Office provided assistance on plant variety protection legislation to the following UPOV members: Azerbaijan, Canada, Colombia, Dominican Republic, Nicaragua, Singapore and South Africa.

  • At 31st March 2018, the Project Completion Reserve held £135,000 in respect of projects which were originally budgeted for 2017-18 but in respect of which the expenditure was completed in 2018-19.

  • Cash receipts of any type and in any amount must be deposited in the Canton checking account no later than 14 calendar days after receipt by a Canton officer.

  • On the Commitment Termination Date after giving effect to the Debt Service Reserve Advance, the Purchase Order Equipment Reserve Advance and the Completion Reserve Advance, as applicable, all unused Commitments shall automatically be terminated.

  • The proceeds of the Facility Loans shall be used solely (i) for the purposes permitted by Sections 8.1(n) and 9.2(g), (ii) to fund the Completion Reserve Fund as herein provided, (iii) to fund the Debt Service Reserve Fund as herein provided and (iv) to pay certain Transaction Expenses arising in connection with the Overall Transaction.

  • The Chairman informed that the poll voting for Ordinary Resolution 6 would be conducted upon completion of the remaining business of the Meeting.

  • This accounted for 35.6% of the national GDP and 62.3% of national Non - Oil GDP for the same year.

  • WPPI agrees to diligently and in good faith pursue completion of the Uncompleted Punch List Items and Final Completion of the Hotel as soon as reasonably possible and upon Final Completion, WPPI shall be entitled to receive all of the funds remaining in the Completion Reserve.

  • Warrants related to the Completion Reserve Account that are issued by the Borrower or any Affiliate thereof to any Lender or the Administrative Agent shall be fully exercisable within the time period described in Section 1.3.4(c) of the Disbursement Agreement.

  • On the Commitment Expiration Date, (i) all undrawn Commitments, if any, in excess of $60,000,000 shall automatically terminate (such terminated commitments, the “Designated Commitments”) and (ii) to the extent the conditions to an Advance under Section 6.2 are satisfied (other than the requirement to deliver an Advance Request) or waived by the Administrative Agent in writing on such date, the Lessee shall be deemed to request, and the Facility Lenders shall make, the Completion Reserve Advance.


More Definitions of Completion Reserve

Completion Reserve has the meaning ascribed thereto in Section 12.2(d). Concession has the meaning ascribed thereto in Section 3.1(b). Concession Fee has the meaning ascribed thereto in Section 13.1.
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Completion Reserve means for each Designated Picture the amount required to be expended by the Credit Parties for Completion of that Designated Picture, including without limitation, an appropriate interest reserve for the period through Completion. The Completion Reserve shall be calculated by subtracting the aggregate amounts theretofore paid towards such purposes from the sum of the Strike Price for such Designated Picture, plus the amount of any enhancements committed to by a Credit Party for such Designated Picture, plus, to the extent not already included in one of the foregoing items, an appropriate interest reserve for the period through Completion of such Designated Picture. Upon Completion of such Designated Picture and payment of all items that should be reflected on the final negative cost statement for such Designated Picture, the Completion Reserve shall be zero.
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Related to Completion Reserve

  • Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.

  • Project Completion means completion of the Redevelopment in accordance with this Agreement to the state where the whole of the Morley Shopping Centre, as so redeveloped, is capable of occupation for its intended purpose;

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Completion Rate means the percentage of an apprenticeship cohort who receives a certificate of apprenticeship completion within 1 year of the projected completion date. An apprenticeship cohort is the group of individual apprentices registered to a specific program during a 1 year time frame, except that a cohort does not include the apprentices whose apprenticeship agreement has been cancelled during the probationary period or who have transferred.

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • Operating Reserve means generation capacity or load reduction capacity which can be called upon on short notice by either Party to replace scheduled energy supply which is unavailable as a result of an unexpected outage or to augment scheduled energy as a result of unexpected demand or other contingencies.

  • Construction Debt means debt incurred to fund (a) all or a portion of a Capital Improvement, (b) interest payments (including periodic net payments under related interest rate swap agreements) and related fees on other Construction Debt or (c) distributions (including incremental Incentive Distributions) on Construction Equity.

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Construction Completion Date means the date by which the overall development of the Project is completed in accordance with the provisions of this Agreement and when the Construction Completion Certificate is issued by the Independent Engineer as per Article 14.1.

  • Final Completion Date means the date on which Final Completion occurs.

  • Construction Completion means physical construction of a cleanup action component is complete.

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Construction Phase means that Phase of the Project which shall commence after the Authority provides the Trade Contractor with written Notice to Proceed with the Construction Phase.

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.

  • Construction Work means any work in connection with⎯

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • Commissioning test means tests applied to the Generating Facility, after completion of the construction of the Generating Facility, in order to verify that the Generating Facility may be released for Operation.

  • Completion Accounts has the meaning given in Paragraph 4.1, 4.2(A) or 4.2(B) (as applicable) of Part A of Schedule 8 (Completion Accounts);

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Phase 2 means the second implementation phase of this section, beginning June 1, 2022 and continuing thereafter.

  • Required Reserve Amount means, with respect to any Payment Date, the lesser of (a) 0.25% of the difference of the Aggregate Starting Principal Balance less the Yield Supplement Overcollateralization Amount as of the applicable Cutoff Date of all Receivables transferred to the Trust and (b) the Outstanding Amount of the Notes.

  • Required Repair Account shall have the meaning set forth in Section 7.1.1 hereof.

  • Day-ahead Scheduling Reserves Requirement means the sum of Base Day-ahead Scheduling Reserves Requirement and Additional Day-ahead Scheduling Reserves Requirement.

  • Required Repair Fund shall have the meaning set forth in Section 7.1.1 hereof.

  • Primary Reserve Requirement means the megawatts required to be maintained in a Reserve Zone or Reserve Sub-zone as Primary Reserve, absent any increase to account for additional reserves scheduled to address operational uncertainty. The Primary Reserve Requirement is calculated in accordance with the PJM Manuals.

  • Required Reserve Factor Floor means, for any Calculation Period, the sum (expressed as a percentage) of (a) 12.5% plus (b) the product of the Adjusted Dilution Ratio and the Dilution Horizon Ratio, in each case, as of the most recent Cut-Off Date.