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 $80,000,000.2 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

  • Nature ofTrigger/RequiredRatings Description of Trigger/Required Ratings Consequence of Trigger On the Closing Date, a Reserves Trigger Event is outstanding and the Required Commingling Reserve Amount, Required Maintenance Reserve Amount and Required Set-Off Reserve Amount have therefore been funded.

  • If and to the extent the Maintenance Reserve Amount will be applied toward the payment of any Maintenance Costs which are not settled by the Maintenance Coordinator, a corresponding amount shall be debited from the Maintenance Reserve Ledger.

  • Reserves Trigger EventLPC ceases to have at least the following ratings: (a) by DBRS: BBB(low); or (b) by S&P: a long-term rating of BBB with an A-2 short-term rating, otherwise a long-term rating of BBB+;The Maintenance Reserve Ledger will be funded up to the Required Maintenance Reserve Amount with the proceeds of the Maintenance Reserve Advance.

  • Xxxxxx authorizes Xxxxxx to reimburse itself for its Prefunded Repair and Maintenance Reserve Amount by deducting from monthly Gross Receipts the amount that is one-quarter of the Prefunded Repair and Maintenance Reserve Amount in the third through sixth months of the Term.

  • On the Closing Date, a Reserves Trigger Event is outstanding and the Required Maintenance Reserve Amount have therefore been funded.

  • In this respect the effect of the structural mitigants should be noted: (a) Since the Required Maintenance Reserve Amount will be used to fund payment obligations (i) resulting from a performance of the Lease Services by the insolvency administrator and (ii) not covered otherwise, the insolvency estate's cash flow position will not be adversely affected.

  • On the Closing Date, in accordance with S ection 2.5(b), Buyer shall deposit the Maintenance Reserve Amount and the Energy Reserve Amount with the Sellers’ Representative.

  • The Operation and Maintenance Reserve Amount shall be held in the Operation and Maintenance Reserve Subaccount.

  • Permitted Letter of Credit means any letter of credit provided by the Borrower in substitution for the Borrower’s obligations with regard to payment of the Maintenance Reserve Amount under Clause 12.1.2(a) (Obligations with regard to accounts).

  • An amount determined by taking a percentage of total Operation and Maintenance Costs as budgeted for the current Fiscal Year, such percentage being determined for any Accounting made within the Quarters as follows: Quarter Beginning Percentage May 130%August 160%November 180%February 1100% minus the actual Operation and Maintenance Costs paid in such Fiscal Year up to the date of Accounting; plus, in any event (i.e. (a) and (b) above), the Operation and Maintenance Reserve Amount.


More Definitions of Maintenance Reserve Amount

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 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 shall have the meaning set forth in Section 2.6(a)(i).
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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 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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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 has the meaning set forth in Section 5.1(d).

  • 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 shall have the meaning given to it in the Depository 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, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Reserve Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Reserve Account made or to be made with respect to such date) and (b) the Required Reserve Account Amount, in each case on such Transfer Date.

  • 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 4.07 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York in trust for registered Holders of CWABS, Inc., Asset-Backed Certificates, Series 2006-22". Funds in the Carryover Reserve Fund shall be held in trust for the Certificateholders 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 As defined in Section 3.4(d).

  • 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.

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.