Minimum Reserve definition

Minimum Reserve means, on any day, an amount equal to: (a) the sum of the Aggregate Capital plus the Aggregate Adjusted LC Participation Amount at the close of business of the Servicer on such day multiplied by (b) the sum of (i) (x) the Concentration Reserve Percentage on such day, divided by (y) 100% minus the Concentration Reserve Percentage on such day, plus (ii)(x) the Minimum Dilution Reserve Percentage on such day, divided by (y) 100% minus the Minimum Dilution Reserve Percentage on such day.

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Minimum Reserve means US$250,000,000 (provided, however, that the Minimum Reserve shall be decreased by an amount equal to US$5,300,000 upon the termination of any Charter after the date hereof other than by reason of default by the Charterer under this Agreement or the Charters).

Minimum Reserve means, as of any date, the maximum aggregate number of shares of Common Stock potentially issuable in the future pursuant to the Transaction Documents, including without limitation any and all Shares and any and all Underlying Shares issuable directly or indirectly upon conversion, exercise and/or exchange in full of all Securities in accordance with the terms of such Securities (including Underlying Shares reasonably anticipated to be issued or issuable as payment of interest, dividends, amortization payment or otherwise through the end of the term of such security), without regard for any conversion, exercise or exchange limitations or restrictions set forth therein and whether or not such Securities are then convertible, exercisable or exchangeable, and assuming that (a) the effective applicable Conversion Price, Exercise Price and/or Exchange Price is at all times on and after the date of determination equal to the lowest fixed conversion, exercise and/or exchange price in effect or to be in effect over the term of the Security, provided that if any such Conversion Price, Exercise Price and/or Exchange Price is subject to Full-Ratchet Anti-Dilution Adjustment, Weighted-Average Anti-Dilution Adjustment, Below-Market Anti-Dilution Adjustment or other adjustment in the future or such Securities are subject to conversion, exercise or exchange based on a future market price, then 75% of such lowest conversion, exercise and/or exchange price shall be used, unless such adjustment provision provides for a minimum conversion, exercise and/or exchange price, in which case such minimum price shall be used, and (b) if the number of Warrant Shares is subject to increase in the future, whether based upon and/or varying with the trading prices of or quotations for the Common Stock at any time after the initial issuance of such Warrants or based upon other events or time, then 133% of the maximum aggregate number of Warrant Shares potentially issuable under the Warrants determined as of such date shall be used, unless such Warrants provide for a maximum number of shares which may be issued thereunder, in which case such maximum number shall be used. Such Minimum Reserve shall be appropriately and equitably adjusted for any stock split, reverse split, stock dividend, reclassification or similar event with respect to the Common Stock.

Examples of Minimum Reserve in a sentence

• The parties recommend to the trustees that a Minimum Reserve Requirement be established equal to IBNR reserves plus a lag month reserve.

• The Company shall calculate and readjust the minimum share reserve on the first Business Day of each month so long as this Note is outstanding; provided, however, in no event shall such minimum share reserve be reduced below the Required Minimum Reserve.

• At any time other than during an Exception Funding Period, the sum of (i) the Net Pool Balance on such date of calculation multiplied by the greater of (a) the sum of the Loss Reserve Ratio on such date of calculation and the Dilution Reserve Ratio on such date of calculation; and (b) the Minimum Reserve Ratio on such date of calculation; (ii) the Yield Reserve on such date of calculation; and (iii) the Servicing Fee Reserve on such date of calculation (such sum, the “Standard Reserves”).

• It is the Owners option to maintain a Minimum Reserve with Agent.

• In connection with the preparation of the Annual Budget for the first Power Supply Year pursuant to Section 5.4, IPA shall identify all Operational Reserves required to be maintained by IPA, and the minimum amounts required to be on deposit therein pursuant to any Bond Resolution or other contractual obligation of IPA (such minimum amounts being referred to as the "Minimum Reserve Funding Amount").

More Definitions of Minimum Reserve

Minimum Reserve means an amount set forth in this plan which is maintained by the Association for the payment of salaries and other expenses necessary for the continuous and ongoing operation of the Association. (§ 83-34-1(o))

Minimum Reserve means a reserve in the amount of $6,000,000 to be used to fund Debt Service shortfalls and to fund Capital Improvements approved by the Administrative Committee pursuant to Article 9 of the UTS Participation Agreement.

Minimum Reserve means an amount which is equal to the lesser of (i) ten percent of the proceeds of the Bonds as the term proceeds is used in Section 148(d)(1) of the Code, (ii) the maximum annual debt service on the Bonds, or (iii) 125% of the average annual debt service on the Bonds.

Minimum Reserve means the aggregate of the deposits and cash amounts established by the Parent or its Subsidiaries in an aggregate amount of at least $2 million.

Minimum Reserve means the minimum amount referred to in Article 9.17(a);

Minimum Reserve means the lesser of (i) 10% of the original prin- cipal amount of, (ii) the maximum annual debt service on or, (iii) 125% of the average annual debt service on, all Outstanding Bonds having a parity lien on the Pledged Special Assessments.

Minimum Reserve. On any day during any Calculation Period, the product of (i) the Net Pool Balance on such day, times (ii) the sum of (A) the Concentration Factor for such Calculation Period, plus (B) the product of (X) the Expected Dilution Percentage for such Calculation Period times (Y) the Dilution Horizon Ratio for such Calculation Period.