Operating Reserve Requirement definition

Operating Reserve Requirement means any obligation to maintain spinning operating reserve or supplemental operating reserve in accordance with MAIN Guide No. 5, the requirements of any other regional reliability council of which the IP System or the IP Control Area is a member, or the requirements of MISO.

Operating Reserve Requirement means, prior to the Closing Date for the Series 2017 Bonds, an amount equal to $8,000,000.

Operating Reserve Requirement means $150,000,000 until March 1, 2013, and thereafter (i) if there is an Operating Reserve Facility on deposit in the Operating Reserve Fund, shall mean for the term of such Operating Reserve Facility (without regard to any renewal provisions contained therein) an amount equal to at least ninety (90) days of Current Expenses determined on the first day of the Fiscal Year in which such Operating Reserve Facility is delivered or renewed as set forth in the Annual Budget for such Fiscal Year or (ii) if funded from Authority Revenues, shall mean an amount equal to not less than ninety (90) days of Current Expenses determined annually based on the Current Expenses relating to the Fiscal Year of such calculation as set forth in the Annual Budget for such Fiscal Year.

Examples of Operating Reserve Requirement in a sentence

• Spinning Reserve Requirement is a portion of a party’s Operating Reserve Requirement to the BPA Control Area.

• Supplemental Reserve Requirement is a portion of a party’s Operating Reserve Requirement to the BPA Control Area.

• Operating Reserve Requirement is a party’s total operating reserve obligation (spinning and supplemental) to the BPA Control Area.

• There is hereby created and ordered established with the Trustee a trust fund to be designated “Lake County, Florida Operating Reserve Fund-Village Veranda at Lady Lake Project 2017” which shall be originally funded with a deposit of $[ ], and maintained in an amount equal to, the Operating Reserve Requirement.

• The Operating Reserve Fund shall be replenished with Gross Revenues in an amount up to the Operating Reserve Requirement pursuant to the provisions of Sections 5.04(a)(vii) and 5.10 hereof and as required by Section 5.30 of the Agreement.

More Definitions of Operating Reserve Requirement

Operating Reserve Requirement means U.S.$7,500,000.

Operating Reserve Requirement means an amount not to exceed 110% of the aggregate amount of Operating Expenses provided for in the Annual Budget in effect as of the applicable measurement date.

Operating Reserve Requirement has the meaning set forth in the Reserve and Security Agreement.

Operating Reserve Requirement means, as at Completion and any Reserve Payment Date, an amount equal to the aggregate amount of projected Operating Costs estimated to accrue through the calendar month commencing on or immediately prior to the Completion Date or such Reserve Payment Date based on the Operating Plan then in effect.

Operating Reserve Requirement means 25% of the then-current annual budgeted Operating Expenses.

Operating Reserve Requirement means the amount of Days Cash on Hand required by

Operating Reserve Requirement means the amount of Days Cash on Hand required by Section