Minimum Reserve Amount definition

Minimum Reserve Amount means at any time in respect of a Noteholder, an amount in EUR equal to the greater of (a) EUR 500,000 and (b) five per cent. of the aggregate of the Outstanding Principal Amounts of the Notes held by such Noteholder at such time. (C) If, on any Relevant Business Day during the period from, and including, the Issue Date to, but excluding, the day which is five Relevant Business Days prior to the Scheduled Maturity Date (the “Additional Reserve Amount Withdrawal Period”), the Additional Reserve Account Balance is equal to or greater than the Minimum Reserve Amount, all, but not some only, of the Noteholders exercising their rights in the same manner may on such Relevant Business Day (a “Withdrawal Request Notice Date”) give notice (a “Withdrawal Request Notice”) to the Issuer (with a copy to the Trustee and the Swap Counterparty) in the form set out in Schedule 4 to these hereto requesting the Issuer to repay to each Noteholder (an “Additional Reserve Amount Withdrawal”) an amount equal to its pro rata share of the Additional Reserve Account Balance (or specified portion thereof) as at such Withdrawal Request Notice Date as specified in the relevant Withdrawal Request Notice, which amount must be equal to or greater than the Minimum Reserve Amount and an integral multiple of EUR 100,000 but, in any event, no greater than the then current Additional Reserve Account Balance (the “Requested Amount”). Any Withdrawal Request Notice shall be effective when given to each of the Issuer, the Trustee and the Swap Counterparty in accordance with Condition 16. No Withdrawal Request Notice may be withdrawn after receipt thereof by the Issuer, the Trustee and the Swap Counterparty. After delivery of a Withdrawal Request Notice, no Noteholder may transfer any Notes until after payment to the Noteholders of the relevant Requested Amount. Failure properly to complete and deliver a Withdrawal Request Notice may result in such notice being treated as null and void. Any determination as to whether (i) such notice has been properly completed and (ii) the relevant Noteholder has duly given notice, in each case in accordance with the Terms shall be made by the Swap Counterparty acting in its sole discretion and shall be conclusive and binding on the Issuer, the Trustee and the Noteholders. For the avoidance of doubt, Additional Reserve Amount Withdrawals may be made on more than one occasion during the Additional Reserve Amount Withdrawal Period. On the day which is five Relevant...

Minimum Reserve Amount shall have the meaning specified in the Pricing Letter.

Minimum Reserve Amount means (i) at any time on or prior to the tenth anniversary of the Closing Date, an amount equal to the product of (A) $15 million and (B) the time since the Closing Date (expressed in years and quarters of a year to the end of the last preceding quarter) and (ii) after the tenth anniversary of the Closing Date, zero.

Examples of Minimum Reserve Amount in a sentence

• The Company may not incur any obligations which are reasonably expected to cause the Reserve Asset Value to be less than the Minimum Reserve Amount.

• The repayment of a Member Loan upon liquidation of the Company shall be subject to the order of priority set forth in Section 8.2. Any Member Loan shall provide that any payment of interest or principal thereon may be made only to the extent that the Reserve Asset Value will equal or exceed the Minimum Reserve Amount after taking such payment into account.

• The Managing Member may cause the Company to incur capital expenditures, and may fund any such capital expenditures out of the assets of the Company or out of funds provided by Member Loans; provided, that the Company may not fund a capital expenditure out of the assets of the Company unless, after the expenditure, the Reserve Asset Value is at least equal to the Minimum Reserve Amount.

• The Company may pledge its cash and U.S. Treasury obligations and other obligations backed by the full faith and credit of the United States, but only to the extent the value of such cash, U.S. Treasury obligations and other obligations backed by the full faith and credit of the United States exceed the Minimum Reserve Amount at such time.

• Herald Put; Minimum Reserve Amount; Put Price; Put-Related Covenants; Reserve Asset Value.

More Definitions of Minimum Reserve Amount

Minimum Reserve Amount means $[***].

Minimum Reserve Amount means, as of any date of determination, an amount equal to the product of (a) 1.00% times (b) the Adjusted Pool Balance.

Minimum Reserve Amount means, at any time in respect of a Noteholder, an amount in EUR equal to the greater of (a) EUR 1,000,000 and (b) five per cent. of such Noteholder’s pro rata share of the Outstanding Principal Amounts of the Notes held by such Noteholder at such time.

Minimum Reserve Amount means the least of the following: (i) the maximum annual debt service coming due in any future year on the Bonds and Parity Bonds then outstanding, (ii) 10% of the outstanding principal amount of the Bonds and Parity Bonds, or

Minimum Reserve Amount means an amount in cash and/or an amount available under the Liquidity Guarantee equal to SEK 12,000,000 on the Issue Date and thereafter increased by SEK 2,000,000 on each Waterfall Date until it amounts to 1.50 per cent of the total Nominal Amount plus accrued and unpaid Senior Interest (however, such amount not to be higher than SEK 30,000,000 or lower than SEK 12,000,000).

Minimum Reserve Amount is $500,000.00.

Minimum Reserve Amount is defined in Section 6.4(b)(3).