Initial Reserve definition

Initial Reserve shall have the meaning set forth in Section 3.1(d).
Sample 1Sample 2Sample 3
Initial Reserve. Report shall mean collectively the reports, copies of which have been delivered to the Administrative Agent, dated as of October 1, 2003, prepared by Xxxxxx & Company, Inc.
Sample 1Sample 2
Initial Reserve means an Availability Reserve in the amount of $5,000,000 established with respect to the US Borrowing Base and which shall expire on the first anniversary of the Closing Date.
Sample 1Sample 2

Examples of Initial Reserve in a sentence

  • On the Closing Date, the Depositor shall deposit the Initial Reserve Account Deposit into the Reserve Account.

  • The Purchaser shall deposit an amount equal to the Initial Reserve Account Deposit into the Reserve Account, which account shall be an asset of the Issuer.

  • On the Closing Date, the Depositor shall deposit the Initial Reserve Account Deposit into the Reserve Account from the net proceeds of the sale of the Notes.

  • The Purchaser shall deposit, from funds it receives from the issuance of the Notes, an amount equal to the Initial Reserve Account Deposit into the Reserve Account, which amount shall be an asset of the Issuer.

  • Initial Reserve Account Deposit Percentage of Initial Pool 1.00% 2.

  • On the Closing Date, the Seller shall cause to be deposited in the Reserve Fund the Initial Reserve Fund Deposit Amount.

  • RESERVE ACCOUNT Initial Reserve Account Amount 3,398,054.43 Required Reserve Account Amount 3,398,054.43 Beginning Reserve Account Balance 3,398,054.43 Deposit of Remaining Available Collections 0.00 Ending Reserve Account Balance 3,398,054.43 Required Reserve Account Amount for Next Period 3,398,054.43 VI.

  • The Global Administrative Agent and the Lenders shall have received and shall be satisfied with the contents, results and scope of the Initial Reserve Report.

  • Initial Reserve Account Deposit Percentage of Initial Pool 4.25% 2.

  • RESERVE ACCOUNT Initial Reserve Account Amount 3,133,394.93 Required Reserve Account Amount 3,133,394.93 Beginning Reserve Account Balance 3,133,394.93 Deposit of Remaining Available Collections 0.00 Ending Reserve Account Balance 3,133,394.93 Required Reserve Account Amount for Next Period 3,133,394.93 VI.


More Definitions of Initial Reserve

Initial Reserve. As of the date hereof, the amount of the FX Reserve is $250,000.
Sample 1
Initial Reserve means the sum of (a) the Initial Reserve as defined in the Exchange Agreement between the Company and FSV and (b) the Initial Reserve as defined in the Exchange Agreement between the Company and Senyun.
Sample 1

Related to Initial Reserve

  • Initial Reserve Report means the report prepared by or under the supervision of the chief engineer of the Borrower with respect to certain Oil and Gas Properties of the Borrower and its Restricted Subsidiaries as of December 31, 2018.

  • Capital Reserve means, as of any date of determination, an amount equal to the product of (i) $0.25 multiplied by (ii) the square footage of all Real Properties on such date.

  • Initial Reserve Account Deposit means $3,000,000.

  • Capital Reserves means, for any period and with respect to a Property, an amount equal to (a) $0.05 per square foot times (b) a fraction, the numerator of which is the number of days in such period and the denominator of which is 365. If the term Capital Reserves is used without reference to any specific Property, then the amount shall be determined on an aggregate basis with respect to all Properties of the Trust and its Subsidiaries and a proportionate share of all Properties of all Unconsolidated Affiliates.

  • Total Reserves means, at any time of determination, an amount equal to the product of (i) the sum of: (a) the Yield Reserve Percentage, plus (b) the greater of (I) the sum of the Concentration Reserve Percentage, plus the Minimum Dilution Reserve Percentage and (II) the sum of the Loss Reserve Percentage, plus the Dilution Reserve Percentage, times (ii) the Net Receivables Pool Balance at such time.

  • Mineral Reserve means the economically mineable part of a measured or indicated mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified. A mineral reserve includes diluting materials and allowances for losses that may occur when the material is mined.

  • Initial Reserve Account Deposit Amount means an amount equal to $1,554,404.20.

  • NY Federal Reserve’s Website means the website of the NY Federal Reserve, currently at xxxx://xxx.xxxxxxxxxx.xxx, or any successor website of the NY Federal Reserve or the website of any successor administrator of the Secured Overnight Financing Rate.

  • Working Capital Reserve shall have the meaning set forth in the Partnership Agreement.

  • NY Federal Reserve means the Federal Reserve Bank of New York.

  • Proven Mineral Reserve means the economically mineable part of a Measured Mineral Resource. A Proven Mineral Reserve implies a high degree of confidence in the Modifying Factors.

  • Required Reserve means, on any day during a Calculation Period, the product of (a) the greater of (i) the Required Reserve Factor Floor and (ii) the sum of the Loss Reserve, the Interest Reserve, the Dilution Reserve and the Servicing Reserve, times (b) the Net Pool Balance as of the Cut-Off Date immediately preceding such Calculation Period.

  • 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.

  • Yield Reserve means, on any date, an amount equal to: (a) the Capital at the close of business of the Servicer on such date multiplied by (b)(i) the Yield Reserve Percentage on such date divided by (ii) 100% minus the Yield Reserve Percentage on such date.

  • Federal Reserve means the Board of Governors of the Federal Reserve System.

  • New York Federal Reserve’s Website means the website of the New York Federal Reserve, currently at http://www.newyorkfed.org, or any successor source.

  • Required Reserves at any time means the product of (x) the Net Pool Balance and (y) the greater of (I) 13.00% and (II) the sum of (a) the Yield Reserve Ratio, plus (b) the Servicing Fee Reserve Ratio, plus (c) the greater of (i) the sum of the Loss Reserve Ratio and the Dilution Reserve Ratio and (ii) the Minimum Reserve Ratio, each as in effect at such time.

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

  • Rent Reserve means, with respect to any store, warehouse distribution center, regional distribution center or depot where any Inventory subject to Liens arising by operation of law is located, a reserve equal to two (2) months’ rent at such store, warehouse distribution center, regional distribution center or depot.

  • Initial Budget has the meaning set forth in Section 7.06(a).

  • Cash Reserve means for any Financed Receivable which has been paid in full during a Monthly Period, the amount by which the amount(s) paid on such Financed Receivable exceeds the Advance made on such Financed Receivable.

  • Principal Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.08 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 2006-22". Funds in the Principal Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

  • CREFC® Loan Level Reserve/LOC Report The monthly report in the “CREFC® Loan Level Reserve/LOC Report” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.