Operating Reserve Account definition

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

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

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) which limitation does not include amounts held in any other reserves required for the Development.

• 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).

• The County acknowledges that the Operating Reserve Account is the same as the HUD required Residual Receipts account.

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

More Definitions of Operating Reserve Account

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 amount of Marketable Securities, Cash or Cash Equivalents on the balance sheet of Atlantic LNG as of the month most recently ended prior to the Closing which, consistent with applicable law and the provisions of Atlantic LNG's debt financing, but without regard to the such provisions requiring the maintenance of sufficient Marketable Securities, Cash or Cash

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

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

Operating Reserve Account is defined in the Accounts Agreement.

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 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".