Lien Reserve definition

Lien Reserve means the $3,446,682 contingency contained in the Project Costs Budget.
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Lien Reserve means Cash to be reserved out of the Sale Proceeds and deposited into a segregated, interest bearing account in the name of the Reorganized Debtors in an amount sufficient to pay Allowed Secured Tax Claims and Allowed Other Secured Claims that are secured by Liens against the Sale Proceeds, to the extent of the value allocated to the applicable assets securing such Claims, pursuant to Sections 4.2 and 4.5 of the Plan and which are senior to the First Lien Lenders’ Liens. Any remaining balance in the Lien Reserve after satisfaction of the Allowed Secured Tax Claims and the Allowed Other Secured Claims shall be distributed to the First Lien Agent on account of the Allowed First Lien Lender Secured Claim.
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Lien Reserve measured as of any date, the payments made by [***] to Borrower and its Affiliates pursuant to [***] Agreement; provided, that, such amount shall be reduced annually pro rata as Borrower and its Affiliates perform their obligations to [***] under the [***] Agreement; [***]. [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.
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Examples of Lien Reserve in a sentence

  • Bond Fund and the Intermediate Lien Reserve Account have been created for the purpose of paying and securing the payment of the principal of, premium, if any, and interest on all outstanding Intermediate Lien Parity Bonds.

  • The Port does hereby pledge and bind itself to set aside and pay into the Intermediate Lien Bond Fund and Intermediate Lien Reserve Account from Available Intermediate Lien Revenues or money in the Revenue Fund the various amounts required by the Bond Resolution to be paid into and maintained in said Fund and Account, all within the times provided by said Bond Resolution.

  • Restricted Cash and Investments Investments set aside in the Senior Lien Reserve Fund, Major Maintenance Reserve Fund, and Operating Reserve Fund are pursuant to the terms of the 2013 Indenture for the $124,415,000 Toll Road Revenue Refunding Bonds and their use is limited by applicable debt covenants.

  • The Port does hereby pledge and bind itself to set aside and pay into the Intermediate Lien Bond Fund and Intermediate Lien Reserve Account from Available Intermediate Lien Revenues or money in the Revenue Fund the various amounts required by the Bond Resolution to be paid into and maintained in said Funds, all within the times provided by said Bond Resolution.

  • The Port does hereby pledge and bind itself to set aside and pay into the Intermediate Lien Bond Fund and Intermediate Lien Reserve Account from Available Intermediate LienRevenues or money in the Revenue Fund the various amounts required by the Bond Resolution to be paid into and maintained in said Fund and Account, all within the times provided by said Bond Resolution.

  • Any distributions from the Tax Lien Reserve Account shall be made on the Business Day following receipt by Trustee of instructions set forth in clauses (a), (b) or (c) above, and Trustee shall be entitled to rely on any such instructions delivered to it.

  • The Series 2022 Bonds shall be obligations only of the Intermediate Lien Bond Fund and the Intermediate Lien Reserve Account created under theIntermediate Lien Master Resolution and shall be payable and secured as provided in the Intermediate Lien Master Resolution and this series resolution.

  • Furthermore, this approach has accelerated institutionalization of the Project’s effects at the levels of the LGs, and the CG, which contributes to enhancing the sustainability of the Project.

  • Together with existing reserve account balances in the Intermediate Lien Reserve Account, the Series 2022Reserve Account Deposit shall be at least sufficient to meet the Intermediate Lien Reserve Requirement.The Designated Port Representative may decide to utilize one or more Surety Bonds to satisfy the Series 2022 Reserve Account Deposit; provided that each Surety Bond meets the qualifications for Qualified Insurance.

  • The Series 2022 Reserve Account Deposit shall be deposited in the Intermediate Lien Reserve Account (or shall be satisfied through the issuance of one or more Surety Bonds) on the date of issuance of the Series 2022 Bonds.


More Definitions of Lien Reserve

Lien Reserve means $2,000,000, minus (i) at such time as the lien to the Iowa Department of Economic Development, as reflected in the UCC financing statement attached hereto as Exhibit XI is terminated to the reasonable satisfaction of the Agent, $335,000.00, minus (ii) at such time as the federal tax lien, as reflected in the Notice of Federal Tax Lien attached hereto as Exhibit XII is terminated to the
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Lien Reserve means $2,000,000, minus (i) at such time as the lien to the Iowa Department of Economic Development, as reflected in the UCC financing statement attached hereto as Exhibit XI is terminated to the reasonable satisfaction of the Agent, $335,000.00, minus (ii) at such time as the federal tax lien, as reflected in the Notice of Federal Tax Lien attached hereto as Exhibit XII is terminated to the reasonable satisfaction of the Agent, $1,300,000. Upon termination of both such liens and approval by the Agent, such approval not to be unreasonably withheld, the Lien Reserve shall be reduced to zero.”
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Lien Reserve means a reserve in the amount of $1,250,000.
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Lien Reserve means the dollar amount specified by the Agent pursuant to a notice described in the definition of Permitted
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Lien Reserve means the dollar amount specified by the Agent pursuant to a notice described in the definition of Permitted Lien.
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Related to Lien Reserve

  • Dilution Reserve means, as of any date of determination, an amount sufficient to reduce the advance rate against Eligible Accounts by 1 percentage point for each percentage point by which Dilution is in excess of 5%.

  • Loss Reserve means, on any date, an amount equal to the Loss Percentage multiplied by the Net Receivables Balance as of the close of business of the Servicer on such date.

  • Dilution Reserve Percentage means, on any day, the product of (a) the Dilution Horizon Ratio, multiplied by (b) the sum of (i) 2.25 times the average of the Dilution Ratios for the twelve most recent Fiscal Months, plus (ii) the Dilution Volatility Component.

  • Concentration Reserve Percentage means, at any time of determination, the largest of: (a) the sum of the five (5) largest Obligor Percentages of the Group D Obligors, (b) the sum of the three (3) largest Obligor Percentages of the Group C Obligors, (c) the sum of the two (2) largest Obligor Percentages of the Group B Obligors and (d) the largest Obligor Percentage of the Group A Obligors.