Operating Reserve Amount definition

Operating Reserve Amount means the amount set forth on the Schedule of Financial
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Operating Reserve Amount means the amount which is equal to five (5) basis points of the principal amount of the Loan or such other amount as shall be determined by the Issuer.
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Operating Reserve Amount means, as of the end of any reporting period, the amount specified as the ending cash balance in the Borrower's pro forma cash flow statement as set forth in the Business Plan.
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Examples of Operating Reserve Amount in a sentence

  • The Borrower shall not permit its Adjusted Pre-Tax Income; determined as at the end of each fiscal quarter, commencing with the fiscal quarter ending September 30, 1994, for the quarter then ended, to be less than Debt Service for such quarter; nor shall the Borrower permit its Ending Cash Balance to fall below seventy-five percent (75%) of the Operating Reserve Amount.

  • In connection with making a distribution of cash or other assets under the Plan, if the Liquidating Trustee determines, in her sole discretion, that any excess cash is available from the Operating Reserve Account (the “Excess Operating Reserve Amount”), the Liquidating Trustee may transfer the Excess Operating Reserve Amount to the General Account(s) for subsequent distribution to the Beneficiaries pursuant to the terms of the Plan.

  • Enter information in highlighed cells Calculate Operating Reserve (optional if creating budget for only OM&R)$ 1,908,250Total OM&R from Expenditures in table below$ 954,125Targeted Operating Reserve Amount (this is 50% of OM&R) $ 7,205,540<<< Enter amount of cash or equivalents$ (6,251,415)Additional Operating Reserves Needed (If negative number, stop here) 5<<< Enter # of years to accumulate reserves (rule of thumb is 5 years)$ -Annual Contribution To Achieve Targeted Operating Reserve AmountC.

  • To replenish any funds disbursed from the Operating Deficit Reserve Account pursuant to Section4.4 of the Amended and Restated Limited Partnership Agreement until the Operating Deficit Reserve Account is funded to the Operating Reserve Amount; VISTA DEL MAR COMMONS, L.P.NOTES TO FINANCIAL STATEMENTSDecember 31, 2019 and 2018 9.

  • ReservesReplacement Reserve: Amount funded as per the Operating Agreement .Operating Reserve: Amount funded as per the Operating Agreement.

  • Exclude allocation to replacement reserve, loan principal and interest.Loan interest: Interest portion of actual payments remitted to lender during period.Allocation to Replacement Reserve: Amount transferred from operating account to replacement reserve account during period.Transfer to/from Operating Reserve: Amount transferred to or from operating account.

  • Operating Reserve Amount Pursuant to Finance Committee Report It was moved and seconded to approve the Operating Reserve Amount pursuant to the Finance Committee report.


More Definitions of Operating Reserve Amount

Operating Reserve Amount means, at any time of determination, an amount ------------------------ equal to six months of anticipated operating expenses in accordance with the then current Operating Budget of the Borrower and the Subsidiaries.
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Operating Reserve Amount. The amount of the Operating Reserve shown on Exhibit A-
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Operating Reserve Amount means Eighty Thousand and N0/100 Dollars ($80,000.00) (Shown as Marketing Expenses in Cost Breakdown)
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Operating Reserve Amount means the amount stated on the Schedule.
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Related to Operating Reserve Amount

  • 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.

  • 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.

  • 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.

  • Interest Reserve Amount has the meaning set forth in Section 5.1(d).

  • 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.

  • 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.

  • 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.

  • Professional Fee Reserve Amount means the total amount of Professional Fee Claims estimated in accordance with Article II.A.2(c) of the Plan.

  • 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 [*];

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • 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.

  • 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 Account shall have the meaning given to it in the Depository 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.

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Yield Reserve means, on any date, an amount equal to: (a) the Capital at the close of business of the Servicer on such date multiplied by (b)(i) the Yield Reserve Percentage on such date divided by (ii) 100% minus the Yield Reserve Percentage on such date.

  • Reserve Draw Amount shall have the meaning specified in subsection 4.12(c).

  • Cash Reserve means (i) at any time after the occurrence and during the continuation of a Level One Trigger, [*] of the aggregate Investment at such time and (ii) at any other time, an amount equal to 1% of the aggregate Investment at such time.

  • 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.

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • Required Reserve Fund Deposit 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 Aggregate 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 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 Offered Certificates, the Class B1 Certificates and the Class B2 Certificates has been reduced to zero, the Required Reserve Fund Deposit shall be zero.

  • Replacement Reserve Account 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.

  • Required Accumulation Reserve sub-Account Amount means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2019-1) Notes as of the close of business on the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation that a Ratings Effect will not occur with respect to such change.