Maintenance Requirement definition

Maintenance Requirement means the Value of Collateral which must be maintained in the Securities Account, as determined by the Lender from time to time in its discretion.
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Maintenance Requirement means, for any Fiscal Year in which Special Taxes are levied, the amount equal to the budgeted costs for Maintenance applicable to the CFD for such Fiscal Year.
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Maintenance Requirement means the amount calculated in accordance with paragraph 1 of Schedule 1;
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Examples of Maintenance Requirement in a sentence

  • In all cases, funding of any Request for an Advance will be subject to compliance by Customer with the terms and provisions of the Act, the Regulations, the Credit Policy and this Agreement, including, without limitation, the Stock Ownership Requirement and Collateral Maintenance Requirement.

  • This Collateral Maintenance Requirement may be increased or decreased by Seattle Bank at any time, based upon Customer’s creditworthiness or the quality of Customer’s Eligible Collateral, as determined by Seattle Bank from time to time.

  • If actual costs to meet the AS IS Maintenance Requirement exceed escrowed amount, Seller shall pay such actual costs.

  • If Buyer fails to timely deliver to Seller a written notice or report required by (b), (c), or (d) 264 below, then, except for Seller’s continuing Maintenance Requirement, Buyer shall have waived Seller’s 265 obligation(s) to repair, replace, treat or remedy the matters not inspected and timely reported.

  • GBRA shall also render monthly bills to the WCID for one- twelfth (1/12th) of the Operation and Maintenance Requirement and Budgeted CRR Requirement, and one- twelfth (1/12th) of the Non-Budgeted CRR Requirement and the Repayment Requirement for as long as such latter two Requirements exist and available monies remain in the associated CRR Fund and Hydro Fund.

  • Unless Buyer exercises the right to terminate granted herein, Buyer accepts the physical condition of the Property and any violation of governmental, building, environmental, and safety codes, restrictions, or requirements, but subject to Seller’s continuing AS IS Maintenance Requirement, and Buyer shall be responsible for any and all repairs and improvements required by Buyer’s lender.

  • If, prior to Closing, Seller is unable to meet the AS IS Maintenance Requirement as required by Paragraph 11 a sum equal to 125% of estimated costs to meet the AS IS Maintenance Requirement shall be escrowed at Closing.

  • The Maintenance Requirement shall be determined by Bank in its sole discretion.

  • Manufacturer Inspection and Preventive Maintenance Requirement: By manufacturer's technical representative, to report maintenance responsibilities to Owner necessary for preservation of Owner's warranty rights.

  • In order to remain qualified under the CIES, Existing CIES Investors are advised to switch into other permissible investment assets before the Deregistration becomes effective so that the Portfolio Maintenance Requirement is complied with.


More Definitions of Maintenance Requirement

Maintenance Requirement. . This means that the individual must be able to support himself or herself and the family. One must also have a home of a sufficient size and standard so that they can live together when the family moves to Sweden.
Sample 1
Maintenance Requirement means that (a) the sum of (x) the market value of the Borrower's total assets, minus (y) 100% of the value of any assets pledged to third parties in connection with any Indebtedness of the type referred to in Section 5.1(iii) and (iv), minus (z) 100% of the dollar amount of any Indebtedness secured by the Lien referred to in Section 5.2(v) must be equal to or greater than (b) 150% of the principal amount of the Loans outstanding together with accrued and unpaid interest thereon (in each case, as determined on the date the Borrower calculates its Net Asset Value and as determined by the Borrower in determining the net asset value of its shares).
Sample 1
Maintenance Requirement means, on any date, the percentage of the Value of the Collateral, expressed as a dollar amount and determined by the Lender, from time to time, in its discretion, denoting the maximum amount of the Advances that may be outstanding on that date. The Lender reserves the right to modify the Maintenance Requirement, from time to time, in its discretion, including but not limited to modifying the percentage of the Value of the Collateral to be used in determining the Maintenance Requirement and/or the type of Collateral that may be included in determining the Maintenance Requirement. Among other things, the Lender may, in its discretion, adjust the Maintenance Requirement as a result of a reduction in the trading volume or per share price of the Collateral.
Sample 1

Related to Maintenance Requirement

  • Maintenance Adder means an adder that may be included to account for variable operation and maintenance expenses in a Market Seller’s Fuel Cost Policy. The Maintenance Adder is calculated in accordance with the applicable provisions of PJM Manual 15, and may only include expenses incurred as a result of electric production.

  • Maintenance Outage means a time period during which Seller plans to reduce the Power Output of the Power Product, in full or in part, in order to facilitate maintenance work on the Generating Facility, other than a Major Overhaul.

  • Default Requirement means the amount specified as being applicable to the Reference Entity in the Standard, or its equivalent in the relevant Obligation Currency (or, if no such amount is specified, USD 10,000,000 or its equivalent in the relevant Obligation Currency) in either case, as of the occurrence of the relevant Credit Event.

  • Applicable requirement means all of the following as they apply to emission units in a source requiring an air quality operating permit (including requirements that have been promulgated or approved by the Department or the administrator through rule making at the time of issuance of the air quality operating permit, but have future-effective compliance dates, provided that such requirements apply to sources covered under the operating permit):

  • Payment Requirement means the amount specified as being applicable to the Reference Entity in the Standard or its equivalent in the relevant Obligation Currency (or, if no such amount is specified, USD 1,000,000 or its equivalent in the relevant Obligation Currency) in either case as of the occurrence of the relevant Failure to Pay or Potential Failure to Pay, as applicable.