Exchange Reserve definition

Exchange Reserve has the meaning set forth in Section 2.2(a).
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Exchange Reserve means an Availability Reserve which, on any date, shall be the value (determined at the lower of weighted average cost or market value as determined in accordance with GAAP consistently applied) of inventory Borrower is obligated to deliver on such date to or on account of any Person in exchange for inventory which has been delivered to or for the account of Borrower by such Person on or prior to such date.
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Exchange Reserve and the Letter of Credit Reserve shall not exceed the formula set forth in Section 2.5 below;"
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Examples of Exchange Reserve in a sentence

  • Large Cap Value Fund U.S. Government Securities Fund Short-Term Investment Grade Bond Fund Xxxxx Xxxxxx Income Funds Xxxxx Xxxxxx Dividend and Income Fund SB Convertible Fund Xxxxx Xxxxxx Diversified Strategic Income Fund Xxxxx Xxxxxx Exchange Reserve Fund Xxxxx Xxxxxx High Income Fund Xxxxx Xxxxxx Municipal High Income Fund SB Capital and Income Fund Xxxxx Xxxxxx Total Return Bond Fund Xxxxx Xxxxxx Institutional Cash Management Fund Inc.

  • The initial Foreign Exchange Reserve Percentage shall be ten percent (10%).

  • The “Foreign Exchange Reserve Percentage” shall be a percentage as determined by Bank, in its sole discretion from time to time.

  • The “FX Amount” shall equal the amount determined by multiplying (i) the aggregate amount, in United States Dollars, of FX Contracts between Borrower and Bank remaining outstanding as of any date of determination by (ii) the applicable Foreign Exchange Reserve Percentage as of such date.

  • The “Foreign Exchange Reserve Percentage” shall be a percentage as determined by Bank, in its reasonable discretion from time to time.

  • The “FX Amount” shall equal the amount determined by multiplying (A) the aggregate amount, in United States Dollars, of FX Contracts between Borrower and Bank remaining outstanding as of any date of determination by (B) the applicable Foreign Exchange Reserve Percentage as of such date.

  • The “Foreign Exchange Reserve Percentage” shall be a percentage as determined by Lender, in its sole discretion from time to time.

  • January 28, 2005 SMITH BARNEY INCOME FUNDS Smith Barney Diversified Strategic Income Fund November 28, 2005 Smith Barney Exchange Reserve Fund November 28, 2005 SB Capital and Income Fund April 29, 2005 Smith Barney Shares SMITH BARNEY INVESTMENT FUNDS INC.

  • Large Cap Value Fund Short-Term High Grade Bond Fund U.S. Government Securities Fund Xxxxx Xxxxxx Income Funds Xxxxx Xxxxxx Balanced Fund Xxxxx Xxxxxx Convertible Fund Xxxxx Xxxxxx Diversified Strategic Income Fund Xxxxx Xxxxxx Exchange Reserve Fund Xxxxx Xxxxxx High Income Fund Xxxxx Xxxxxx Municipal High Income Fund Xxxxx Xxxxxx Premium Total Return Fund Xxxxx Xxxxxx Total Return Bond Fund Xxxxx Xxxxxx Institutional Cash Management Fund, Inc.

  • The “Foreign Exchange Reserve Percentage” shall be a percentage as determined by each Lender, in its sole discretion from time to time.

Related to Exchange Reserve

  • Share Reserve means the number of shares available for issuance under the Plan as set forth in Section 2(a).

  • Initial Dividend Rate means, with respect to a series of APS, the rate per annum applicable to the Initial Dividend Period for such series of APS.

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • Exchange Amount means either the Cash Amount or the REIT Shares Amount, as selected by the General Partner in its sole and absolute discretion pursuant to Section 8.5(b) hereof.

  • Cost of Issuance Fund means the Cost of Issuance Fund established by the Fiscal Agent pursuant to Section 4.01 hereof.

  • Interest Share Amount shall have the meaning set forth in Section 2(a).

  • Net WAC Rate Carryover Reserve Account The Net WAC Rate Carryover Reserve Account established and maintained pursuant to Section 4.10.

  • Stock Consideration has the meaning set forth in Section 2.01(c).

  • Exchange Value is the adjusted appraised value of the Property which takes into consideration various factors to balance the business value of the Property within its present ownership structure.

  • Class A Common Shares means shares of the Class A Common Stock, par value $.01 per share, of the Company.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class B Common Shares means (x) the Company’s Class B Common shares, $0.002 par value per share, the terms of which may be designated by the board of directors of the Company in a certificate of designations and (y) any share capital into which such preferred shares shall have been changed or any share capital resulting from a reclassification of such preferred shares (other than a conversion of such preferred shares into Common Shares in accordance with the terms of such certificate of designations).

  • Common Stock Consideration has the meaning set forth in Section 1.6(b).

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • Dividend Rate has the meaning set forth in the Statement.

  • Class B Common Stock means the Class B Common Stock, par value $0.01 per share, of the Company.

  • Class A Common Stock means the Class A common stock, par value $0.01 per share, of the Company.

  • Class B Units means the Class B Units of the Company.

  • Exchange Consideration shall have the meaning set forth in Section 11(b)(i).

  • Carryover Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 4.08 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York in trust for registered holders of CWABS, Inc., Asset-Backed Certificates, Series 2004-BC3". Funds in the Carryover Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created under this Agreement.

  • FF&E Reserve means, for any Person or any Hotel Property at any time, a reserve equal to four percent (4%) of gross revenues from any Hotel Property owned by such Person or from such Hotel Property, as applicable, for the Rolling Period of the Parent most recently ended for which financial statements have been, or are required to be, delivered to the Banks hereunder.

  • Initial Stock Loan Rate means, in respect of an Underlying Equity (in the case of Equity Linked Notes) or a security/commodity comprised in an Index (in the case of Index Linked Notes), the Initial Stock Loan Rate specified in relation to such Underlying Equity, security or commodity in the applicable Final Terms.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Series A Common Stock means the Series A Common Stock, par value $0.01 per share, of the Company.

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.