Maintenance Reserve definition

Maintenance Reserve means the reserves maintained by Borrower to cover maintenance expense and restoration or other capital expenditures relating to the REO Properties and funded monthly in an amount not less than $500 per REO Property or in such other amount consented to by Agent.
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Maintenance Reserve has the meaning set forth in Section 5.10.
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Maintenance Reserve is defined in clause (c) of Section 7.04.
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Examples of Maintenance Reserve in a sentence

  • The amount to be held in the Maintenance Reserve Fund is determined by the operator using a quantity surveyor’s report.Note: The following ongoing costs are all stated as weekly amounts to help you compare the costs of different villages.

  • This fund may or may not cover maintaining or repairing items in your unit, depending on the terms of your residence contract.The budgets for the General Services Charges Fund and the Maintenance Reserve Fund are set each financial year and these amounts can increase each year.

  • The Operating and Maintenance Reserve Fund is calculated as one‐sixth of the projected operating and maintenance expenses estimated for the following fiscal year.

  • Operations, Capital and Financing FundsThe GTAA has established an Operating and Maintenance Reserve Fund and a Renewal and Replacement Reserve Fund pursuant to the Trust Indenture.

  • Interest Maintenance Reserve (IMR) The IMR shall be handled consistently with the treatment in the company’s cash flow testing, and the amounts should be adjusted to a pre-tax basis.

  • An appropriate allocation of assets in the amount of the Interest Maintenance Reserve (IMR), whether positive or negative, must be used in any asset adequacy analysis.

  • This fund may or may not cover maintaining or repairing items in your unit, depending on the terms of your residence contract.The budgets for the General Services Charge and the Maintenance Reserve Fund are set each financial year and these amounts can increase each year.

  • In each Fiscal Year, any amounts remaining in the Local Water Fund, after making the required payments under the Agreement, shall be deposited in the General Account in the Operation and Maintenance Reserve Fund and shall be available either as a source of funding for System expenditures or upon certification of the City for deposit to the Authority’s Construction Fund to pay for the costs of System capital projects.

  • Nonroutine Maintenance Reserve (see § 904.111) .................................................

  • The Operating and Maintenance Reserve Fund is calculated as one-sixth of the projected operating and maintenance expenses estimated for the following fiscal year.


More Definitions of Maintenance Reserve

Maintenance Reserve means the Airframe Base Maintenance Check Reserve, the Airframe 6 Year Structural Check Reserve, the Airframe 9 Year Structural Check Reserve, the Airframe 12 Year Structural Check Reserve, the Airframe Structural Check, the APU Restoration Reserve, the APU LLP Reserve, the Main Landing Gear Overhaul Reserve, the Nose Landing Gear Overhaul Reserve, and the Propeller Overhaul Reserve, in each case referred to by that name under the heading "Maintenance Reserves" in Schedule 9;
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Maintenance Reserve. The meaning ascribed thereto in Section [________].
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Maintenance Reserve is defined in clause (c) of Section 7.04. [Warehouse Loan Agreement]
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Maintenance Reserve means, at any time for any aircraft, the amount equal to 3% of the aggregate rents payable under the aircraft lease with respect to such aircraft at such time.
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Maintenance Reserve means the fund established to cover major maintenance expenditures such as combustion turbine overhauls and other equipment major maintenance overhauls.
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Maintenance Reserve. The Maintenance Reserve fund described in and maintained in accordance with Section 8.7.
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Related to Maintenance Reserve

  • 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.

  • Game reserve means a closed area where hunting for all wild

  • Maintenance Charges means the charges payable by the applicant to the Maintenance Agency in accordance with the demand raised by the Maintenance Agency for the maintenance and up keep of the said building/ said complex, including common areas and facilities but does not include; (a) the charges for actual consumption of utilities in the Dwelling Unit including but not limited to electricity, water, which shall be charged based on actual consumption on monthly basis and (b) any statutory payments, taxes, with regard to the Dwelling Unit/ said building/said complex.

  • Replacement Reserve As defined in Section 9.5.1.

  • FF&E Reserve shall have the meaning given such term in Section 5.1.2(a).

  • 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. Manual Load Dump Action:

  • Debt Service Reserve means the reserve for payment of principal and interest on the Bonds, created and established by Sections 502 and 506 of the General Trust Indenture.

  • Maintenance Requirements shall have the meaning set forth in Clause 14.2;

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

  • Rent Reserve means, with respect to any plant, warehouse distribution center or other operating facility where any Inventory subject to landlords’ Liens or other Liens arising by operation of law is located and a Collateral Access Agreement has not been duly executed and delivered by the lessor or bailee at such location, a reserve equal to three (3) month’s rent at such plant, warehouse distribution center, or other operating facility, and such other reserve amounts that may be determined by the Administrative Agent in its reasonable discretion.

  • Maintenance area means any geographic region of the United States previously designated nonattainment pursuant to the CAA Amendments of 1990 and subsequently redesignated to attainment subject to the requirement to develop a maintenance plan under §175A of the CAA, as amended.

  • Routine maintenance means activities to keep an impervious surface as near as possible to its constructed condition. This includes ordinary maintenance activities, resurfacing paved areas, and exterior building changes or improvements which do not materially increase or concentrate stormwater runoff, or cause additional nonpoint source pollution.

  • Debt Service Reserve Account shall have the meaning given to it in the Depository Agreement.

  • Spinning Reserve means the ability to immediately and automatically increase generation or reduce demand in response to a fall in frequency;

  • Maintenance Fee The Maintenance Fee (see Contract Schedule I) will be deducted during the Accumulation Period from the Current Value on each anniversary of the date the Account is established and upon surrender of the entire Account.

  • Maintenance Costs means parts and materials, sublet and labour costs of a qualified licensed mechanic for the maintenance of the Revenue Service Vehicles, but shall not include costs associated with interior and exterior transit advertising signs and non-mechanical servicing of Revenue Service Vehicles such as fuelling, clearing fareboxes, cleaning and painting wheel rims, vehicle washing and other work performed by a serviceman; and,

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

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

  • Utility Reservations means Seller’s interest in the right to receive immediately on and after Closing and continuously consume thereafter water service, sanitary and storm sewer service, electrical service, gas service and telephone service on and for the Land and Improvements in capacities that are adequate continuously to use and operate the Improvements for the purposes for which they were intended, including, but not limited to (i) any right to the present and future use of wastewater, drainage, water and other utility facilities to the extent such use benefits the Real Property, (ii) any reservations of or commitments covering any such use in the future, and (iii) any wastewater capacity reservations relating to the Real Property. Buyer shall be responsible for any requests or documents to transfer the Utility Reservations, at Buyer’s sole cost and expense.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Debt Service Reserve Requirement means, as of any date of calculation, and for any Fiscal Year, the amount equal to the maximum Adjusted Aggregate Debt Service on Bonds in the current or any future Fiscal Year on all Bonds Outstanding; provided, however, that if, upon the issuance of a Series of Bonds, such amount would require moneys, in an amount in excess of the maximum amount permitted under the Code to be deposited therein from the proceeds of such Bonds, to be deposited therein, the Debt Service Reserve Requirement shall mean an amount equal to the sum of the Debt Service Reserve Requirement immediately preceding issuance of such Bonds and the maximum amount permitted under the Code to be deposited therein from the proceeds of such Bonds, as certified by an Authorized Representative of the Authority; provided, further, that, if (i) the payment of the Principal Installments of or interest on any Series of Bonds or portion thereof is secured by a Special Credit Facility, (ii) the payment of the Tender Option Price of any Option Bond of a Series is secured by a Special Credit Facility or (iii) the Authority has determined in a Supplemental Resolution authorizing the issuance of a Series of Bonds that such Series of Bonds will not be secured by the Common Account in the Debt Service Reserve Fund, the Supplemental Resolution authorizing such Series may specify the Debt Service Reserve Requirement, if any, for the Bonds of such Series: provided, further, that if, as a result of the expiration or termination of a Financial Guaranty, a deficiency shall be created in the Debt Service Reserve Fund, the Debt Service Reserve Requirement shall be calculated so as to exclude the amount of such deficiency and the Debt Service Reserve Requirement shall be increased in each of the five Fiscal Years after the date such deficiency was created by an amount equal twenty per centum (20%) of the aforesaid deficiency.For the purpose of calculating the Debt Service Reserve Requirement for any Variable Rate Bonds of a Series, the maximum Adjusted Debt Service on such Series shall be determined by reference to the Pro Forma Bond Issue for the Variable Rate Bonds of such Series set forth in the Supplemental Resolution authorizing such Series.

  • Reserve Draw Amount shall have the meaning specified in subsection 4.12(c).

  • Maintenance Fees means the non-refundable fees payable annually by Licensee to OT for Support Services;

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Maintenance Term means the period of time for which Customer has purchased Maintenance Services, as evidenced by the Purchase Order delivered by Customer in connection therewith, together with all renewals effected in accordance with Section 4 of this Agreement.