Maintenance Reserve Amount definition

Maintenance Reserve Amount means, in respect of any calendar month, an amount equal to the higher of:
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Maintenance Reserve Amount means with respect to Airplanes Group, collectively, an amount initially equal to $80,000,000.1 The Maintenance Reserve Amount (a) may be increased or decreased from time to time by the Boards of the Issuer and the Guarantor for any reason and (b) may be decreased from time to time, subject to approval of the Boards of the Issuer and the Guarantor; provided that any such reduction therein shall be subject to prior written notification to the Rating Agency ConfirmationAgencies. At such time as the aggregate Outstanding Principal Balance of the Airplanes Group Notes is less than or equal to the Maintenance Reserve Amount, the Maintenance Reserve Amount for the next succeeding Payment Date shall be the Outstanding Principal Balance of the Airplanes Group Notes, and the Maintenance Reserve Amount for the Payment Date following the Interest Accrual Period in which the last Aircraft owned by Airplanes Group is sold or title thereto is transferred under an Aircraft Sale shall be zero. Any change or adjustment in the Maintenance Reserve Amount shall be reported to the Indenture Trustee in the Monthly Report delivered on the Payment Date immediately succeeding the date of change or adjustment.
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Maintenance Reserve Amount has the meaning given to it in Schedule 7 (Dry Docking and Special Reserves Table).
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Examples of Maintenance Reserve Amount in a sentence

  • Independent Engineer shall submit a report of its findings to Administrative Agent, which report shall be used by Administrative Agent to determine the Minimum Major Maintenance Reserve Amount, if any.

  • The Budget Category Amount for (i) the Completion Date funding of the Debt Service Reserve Account shall be at least the Required Initial Debt Service Reserve Deposit Amount, (ii) the Completion Date funding of the Repair and Maintenance Account shall be at least the Initial Repair and Maintenance Reserve Amount and (iii) the Heat Rate Bonus shall be $6,000,000.

  • Should the actual Flight Hour to Cycle ratio for any month be greater or less than 5:1, the Monthly Maintenance Reserve Amount for Engine Performance Restoration shall be adjusted upward or downward, respectively, based upon the rate set forth on Schedule 4 that most closely corresponds to the actual Flight Hour to Cycle Ratio.

  • Lessee may return the Aircraft with more time since last "C7" Check provided Lessee pays Lessor the difference between the time since the last "C7" Check upon delivery and the actual time since "C7" Check upon return, times the Airframe Maintenance Reserve Amount.

  • On each Business Day, the Trustee shall, in accordance with the Daily Servicer Report or Monthly Servicer Report, as applicable, deposit in the Collection Account for distribution in accordance with Section 5.3(c) of this Indenture the excess, if any, of (A) amounts then on deposit in the Spread Maintenance Account (after giving effect to any withdrawals therefrom on such Settlement Date) over (b) the Required Spread Maintenance Reserve Amount.

  • On the date hereof, Borrower has deposited into the Deferred Maintenance Reserve Account with respect to each Real Property Asset the related Deferred Maintenance Reserve Amount for such Real Property Asset.

  • Pre-award authority does not apply to Capital New Start funds, or to Capital Investment Bus projects not specified in this or previous notices, except as described in D below.

  • To the extent that the amount on deposit in the Maintenance Reserve Account shall be less than the Maintenance Reserve Amount, Lessee shall deposit an amount equal to such deficiency within 10 days following written notice of such deficiency from Lessor.

  • If XLCA is the Controlling Party, XLCA shall notify the Issuer of any errors in the calculation of the Major Maintenance Reserve Amount within 10 days after receipt of the Issuer's certificate and the Issuer and XLCA shall diligently work to agree on the correction of any such errors.

  • The taxable profit or tax loss reported by the Bank or its subsidiaries located in Portugal can be corrected by the Portuguese tax authorities within four years except in the case it has been made any deduction or used tax credit, when the expiration date is the period of this right report.


More Definitions of Maintenance Reserve Amount

Maintenance Reserve Amount means, (a) for the initial 180 day period following the Closing Date, the lesser of (i) $2,500,000.00 or (ii) the amount reflected on the Borrower’s balance sheet as “Maintenance Reserves and Accrued Costs” as of the date of measurement, and (b) after such 180 day period, the lesser of (i) $5,000,000.00 or (ii) the amount reflected on the Borrower’s balance sheet as “Maintenance Reserves and Accrued Costs” as of the date of measurement.
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Maintenance Reserve Amount means, for any calendar year, the amount set forth opposite such calendar year on Schedule 1.1(B), as the same may be modified from time to time with the prior written consent of the Agent Bank (in consultation with the Independent Engineer), such consent not to be unreasonably withheld.
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Maintenance Reserve Amount means an amount as set forth on Schedule 2-A to the Lease Supplement. Manufacturer shall mean each manufacturer identified on Schedule No. 1 and its successors and assigns.
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Maintenance Reserve Amount. ("MMRA"). As of the Determination Date on [INSERT DATE], the Major Maintenance Reserve Amount for all Project Companies is: $[PROVIDE MAJOR MAINTENANCE RESERVE AMOUNT FOR ALL PROJECT COMPANIES FOR THE DETERMINATION PERIOD ENDING ON SUCH DETERMINATION DATE]. As of the Determination Date on [INSERT DATE], the Major Maintenance Reserve Amount for each Project Company is: $[PROVIDE MAJOR MAINTENANCE RESERVE AMOUNT FOR EACH PROJECT COMPANY FOR THE DETERMINATION PERIOD ENDING ON SUCH DETERMINATION DATE]. BAYOU COVE As of the Determination Date on [INSERT DATE], the amount of the total factored starts for the Bayou Cove Project is [ ] and the cost per factored start for the Bayou Cove Project for the Determination Period immediately preceding such Determination Date is $[ ]. As of the Determination Date on [INSERT DATE], annual MMRA funding requirement for the Bayou Cove Project is $[INSERT AN AMOUNT THAT IS (x) THE AMOUNT OF THE TOTAL FACTORED STARTS FOR THE BAYOU COVE PROJECT MULTIPLIED BY (y) THE COST PER FACTORED START FOR THE BAYOU COVE PROJECT FOR THE DETERMINATION PERIOD IMMEDIATELY PRECEDING SUCH DETERMINATION DATE]
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Maintenance Reserve Amount shall have the meaning set forth in Section 2.6(a)(i).
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Related to Maintenance Reserve Amount

  • Requisite Reserve Amount As of any date with respect to any Series (or Class within such Series), the amount, if any, required to be maintained in the Reserve Account, if any, for such Series or Class as specified in or determined pursuant to the related Supplement.

  • Reserve Amount means, for any Payment Date, the amount of cash or other immediately available funds in the Reserve Account on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account on such Payment Date.

  • Required Reserve Amount means, with respect to any Payment Date, the lesser of (a) 0.25% of the difference of the Aggregate Starting Principal Balance less the Yield Supplement Overcollateralization Amount as of the applicable Cutoff Date of all Receivables transferred to the Trust and (b) the Outstanding Amount of the Notes.

  • Interest Reserve Amount With respect to each Mortgage Loan that is an Interest Reserve Loan (or the related successor REO Mortgage Loan), for any Distribution Date that occurs during February of any year or during January of any year that is not a leap year, an amount equal to one day’s interest accrued at the related Net Mortgage Rate on the related Stated Principal Balance as of the end of the Collection Period related to such Distribution Date, but prior to giving effect to the application of any amounts due on the Due Date occurring in such Collection Period, to the extent that a Monthly Payment is Received by the Trust with respect to such Interest Reserve Loan for the related Due Date in the same month as such Distribution Date on or before the related Master Servicer Remittance Date or a P&I Advance is made under this Agreement with respect to such Interest Reserve Loan by such Distribution Date. For purposes of calculating Interest Reserve Amounts, the Net Mortgage Rate for each Interest Reserve Loan shall be the Net Mortgage Rate in effect (including as a result of any step-up provision) under the original terms of such Interest Reserve Loan in effect as of the Closing Date, without regard to any modifications, extensions, waivers or amendments of such Interest Reserve Loan subsequent to the Closing Date (whether entered into by the applicable Master Servicer, the applicable Special Servicer, the Non-Trust Master Servicer or the Non-Trust Special Servicer or in connection with any bankruptcy, insolvency or other similar proceeding involving the related Borrower).

  • Professional Fee Reserve Amount means the total amount of Professional Fee Claims estimated in accordance with Article II.A.2(c) of the Plan.

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

  • Debt Service Reserve Account as defined in the Depositary Agreement.

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

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

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

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

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

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

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

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Available Reserve Account Amount means, with respect to any Distribution Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (before giving effect to any deposit to be made to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

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

  • Carryover Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.05(g) in the name of the Trustee for the benefit of the Holders of the Offered Certificates and designated "The Bank of New York in trust for registered holders of CWALT, Inc., Alternative Loan Trust 2006-OC10, Mortgage Pass-Through Certificates, Series 2006-OC10." Funds in the Carryover Reserve Fund shall be held in trust for the Holders of the Offered Certificates for the uses and purposes set forth in this Agreement.

  • Reserve Account Amount means, for any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Distribution Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Distribution Date, or, in the case of the initial Distribution Date, the Closing Date), including all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.

  • Required Reserve Fund Amount With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds (ii) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. Provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of LIBOR Certificates has been reduced to zero, the Required Reserve Fund Amount shall be zero.

  • Interest Reserve Account means that Interest Reserve Account maintained by the Master Servicer pursuant to Section 5.1(a), which account shall be an Eligible Account.

  • Net WAC Rate Carryover Reserve Account The Net WAC Rate Carryover Reserve Account established and maintained pursuant to Section 4.10.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • 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.

  • Primary Reserve Alert means a notification from PJM to alert Members of an anticipated shortage of Operating Reserve capacity for a future critical period.