Expenses Reserve definition

Expenses Reserve means the reserve from time to time deriving from sums set aside pursuant to Rule 16.6 (Expenses Reserve) or any other Rules.
Sample 1Sample 2Sample 3
Expenses Reserve means a reserve amount payable to the Cash Administrator for investment (at the direction of the Transaction Adviser) in Permitted Investments in an amount estimated by the Issuer to be sufficient to cover the Wind-up Costs.
Sample 1Sample 2
Expenses Reserve means, on any day, an amount equa l to the present value of the Operation and Expenses Fees due from such date until the Maturity Date, as determined by the Calculation Agent by discounting the relevant payments using discount factors derived from zero coupon rates determined by reference to the Discount Curve.
Sample 1

Examples of Expenses Reserve in a sentence

  • Issuer Cash (C)<CSA Collateral> <Issuer Cash (excludes the balance of cash of CSA Collateral, FX Cash Reserve and Interest and Expenses Reserve Fund Account)> 1.

  • Required IA I (including VM) Asset Coverage Test*"Aggregate Adjusted Value of the ACT Issuer Assets" means the JPY Equivalent of A+B;A : The aggregate of the Adjusted Nominal Value of all RMBS Issuer Assets, multiplied by the Adjusted LTV Limit FactorB : The face value of all Issuer Cash excluding for these purposes the balance of cash held, from time to time, in the Interest and Expenses Reserve Fund Account and, in respect of each Series of Bonds, the FX Reserve Account.

  • The Cash Manager will on each Interest Payment Date transfer to the Available Funds Ledger the Expenses Reserve Fund standing to the credit of the Expenses Reserve Ledger so as to form part of the Available Funds and be applied in accordance with the Pre-Enforcement Priority of Payments on that Interest Payment Date.

  • Cooperative Operating Expenses, Reserve for Replacements, Taxes, Special Assessments and Ground Rent, if any.

  • Prior to the service of an Enforcement Notice or the Security otherwise becoming enforceable, on each Interest Payment Date (other than the Expected Maturity Date, any Optional Redemption Date or Re-novation Date), to the extent that the Available Funds are sufficient, an amount will be transferred, in accordance with item (ii) of the Pre-Enforcement Priority of Payments, from the Available Funds Ledger back to the Expenses Reserve Ledger up to €175,000 (the "Expenses Reserve Fund Required Amount").

  • On any Business Day that is not an Interest Payment Date the Cash Manager may also apply amounts standing to the credit of the Expenses Reserve Ledger to pay expenses of the Issuer due and payable to third parties on such date, including, without limitation, the Issuer's primary liability or possible primary liability for corporation tax to the extent that there are insufficient funds thereafter standing to the credit of the Profit Ledger.

  • The Borrower will credit 1% of any received loan proceeds (“the Initial Expenses Deposit”) to the Expenses Reserve Ledger.

  • The proceeds of any CPO Disposal or insurance or self insurance referred to in paragraphs (a)(i)(1) and (a)(iv) respectively which are equal to or less than £100,000 must be applied to the Partnership Expenses Reserve Ledger in accordance with the Cash Management Agreement, provided that if the balance on that ledger is equal to or more than the Partnership Expenses Ledger Maximum Balance the proceeds may be applied to the Partnership Distribution Account.

  • Expenses Reserve Fund On the Closing Date, the Issuer will apply Tranche A of the Subordinated Loan in an amount equal to€175,000 to establish a cash reserve (the "Expenses Reserve Fund") and will credit such amount to a ledger of the Transaction Account (the "Expenses Reserve Ledger") established by the Issuer.

  • The Expenses Reserve Fund Required Amount will be zero on the Optional Redemption Date, Re-novation Date and Expected Maturity Date (provided that the Principal Amount Outstanding of the Notes has been paid in full on such date).


More Definitions of Expenses Reserve

Expenses Reserve means a reserve amount payable to the Cash Administrator for investment (at
Sample 1
Expenses Reserve means, at any time, the balance of the Expenses Reserve Account at that time.
Sample 1

Related to Expenses Reserve

  • Rent Reserve means with respect to any leased facility, warehouse, distribution center, depot or other place where any Inventory is located, a reserve equal to three (3) months’ rent at such leased facility, warehouse, distribution center, depot or other place.

  • Class Expenses means expenses incurred by a particular Class in connection with a shareholder services arrangement or a distribution plan that is specific to such Class or any other differing share of expenses or differing fees, in each case pursuant to a plan adopted by the Trust pursuant to Rule 18f-3 under the 1940 Act, as such plan or Rule may be amended from time to time;

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.