Operating Reserve Account definition

Operating Reserve Account has the meaning set forth in Section 4.2(b).

Operating Reserve Account has the meaning set forth in Section 12.2.

Operating Reserve Account means the special account designated by that name established by the Administrative Agent pursuant to Article VIII.

Examples of Operating Reserve Account in a sentence

• Borrower shall establish and maintain an account that is available to fund operating deficits (which is the amount by which Annual Operating Expenses exceed Gross Revenue for any period) (the "Operating Reserve Account").

• In no event may the amount held in the Operating Reserve Account exceed six (6) months gross rent from the Development (as such rent may vary from time to time).

• Operating Reserve Account deposits may be reduced or suspended any month the balance of the Operating Reserve Account equals 50% of the annually budgeted gross rent.

• Contracting Members shall each maintain on deposit in its General Operating Reserve Account held at NCPA the sum of Zero Dollars ($0) as security to NCPA for liabilities NCPA could incur under this Agreement.

• Interest on monies held by NCPA pursuant to this section shall be credited in accordance with the then standard practices of NCPA relating to the General Operating Reserve Account.

More Definitions of Operating Reserve Account

Operating Reserve Account means the special account designated by that ------------------------- name established by the Administrative Agent pursuant to Section 8.01(a). ---------------

Operating Reserve Account means the special account designated by that name established by the Collateral Trustee pursuant to Article VIII.

Operating Reserve Account means a deposit account in Borrower’s name maintained with Lender for the purposes described in Section 2.12(b)(i).

Operating Reserve Account means account no. REDACTED [account number redacted] of the Borrower maintained with the U.S. Account Bank in New York and designated as the "Operating Reserve Account".

Operating Reserve Account is defined in the Accounts Agreement.

Operating Reserve Account means the interest-bearing operating reserve depository account that the Grantee is required to maintain pursuant to a loan agreement with MOHCD.

Operating Reserve Account means the Operating Reserve Account created pursuant to Section