Initial Reserve Amount definition

Initial Reserve Amount means an amount equal to 1.0% of the Aggregate Outstanding Net Eligible Loan Balance as of the initial Cut-off Date.

Initial Reserve Amount means an amount equal to 8.75% of the Original Pool Balance (such amount to be funded by one or more Reserve Account Letters of Credit and/or cash from the net proceeds of the offering of the Notes, such cash portion to equal $0).

Initial Reserve Amount means the amount determined by LFSL, following consultation with the Scheme Supervisors, pursuant to Clause 4.4.1(a) (Reserve Amount).

Examples of Initial Reserve Amount in a sentence

• The Initial Reserve Amount and each increase in the number of shares so reserved shall be allocated pro rata among the holders of the Notes based on the original principal amount of the Notes held by each holder on the Closing Date (the “Authorized Share Allocation”).

• The Initial Reserve Amount shall be equal to that number of shares of Common Stock that, as of the IPO Date, is reserved under the Company's 1995 Equity Incentive Plan and 1997 Equity Incentive Plan and has not been reserved for outstanding stock awards under such plans or issued under such plans.

• Subject to the provisions of Section 12 relating to adjustments upon changes in Common Stock, the Common Stock that may be issued pursuant to Stock Awards shall not exceed in the aggregate the initial reserve amount set forth below (the "Initial Reserve Amount"), plus an annual increase to be added each January 1, beginning January 1, 2001, equal to four percent (4.0%) of the total number of shares of Common Stock outstanding on such January 1.

• The CSR committee comprises of Mr. Sudhir Thackersey, Mr. Raoul Thackersey, Promoters and Executive Directors and Mr. Krishnadas D Vora, Non-executive Independent Director.

• Each certificate for shares of Series D Preferred Stock initially issued shall bear a notation as to the number of shares constituting the portion of the Initial Reserve Amount allocated to the shares of Series D Preferred Stock represented by such certificate for purposes of conversion thereof.

More Definitions of Initial Reserve Amount

Initial Reserve Amount. With respect to any Pool, the initial amount of Reserves relating thereto, as set forth in the related Conveyance Agreement. The parties acknowledge that their expectation is that the Initial Reserve Amount will be zero, or as close to zero as reasonably practical.

Initial Reserve Amount means 6,285,000 shares of Common Stock reserved by the Corporation for issuance upon conversion of the shares of Series D Preferred Stock.

Initial Reserve Amount means the amount to be deposited into your Reserve Account as detailed in the Order Form.

Initial Reserve Amount means the Quota Share of the Net Statutory Reserves attributable to the In Force Reinsured Policies (if any) as of the Effective Date. ​

Initial Reserve Amount has the meaning set forth in Section 3.6(a)(3).

Initial Reserve Amount. ' means the deposit to be made by the Seller in the Reserve Account on the Closing Date in accordance with clause 10 (Reserve Amount) of the Receivables Sale Agreement.

Initial Reserve Amount means $27,568,581.