Reinvestment Reserve definition

Reinvestment Reserve shall have the meaning assigned to such term in Section 2.10(g).
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Reinvestment Reserve has the meaning set forth in Section 2.1(c).
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Reinvestment Reserve means means the aggregate of reserve accounts that the Manager, in the Manager’s sole discretion, deems reasonably necessary to meet accrued or contingent liabilities of the Company, reasonably anticipated operating expenses, amounts necessary for reinvestment in Portfolio Investments or to make additional Portfolio Investments and for working capital requirements.
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Examples of Reinvestment Reserve in a sentence

  • This reserve was set up with a transfer of funding from the Reinvestment Reserve of £1,009k.

  • Further, a deduction to the extent of 50% of the eligible profits is available where the Company credits a corresponding amount to a ‘Special Economic Zone Re-investment Reserve Account’ to be utilized in the specified manner.

  • The Reinvestment Reserve is revenue financed reserve, and is used for specific purposes as follows:• For items that produce a payback to the Council;• To fund costs that lead to appreciable service improvements;• To fund one off costs.

  • However, the damages were awarded based on the defendant’s default, because the defendant failed to appear or defend the action, and(continued...)Plaintiffs argue in their reply that the ordinary meaning of the phrase “electronic, mechanical, or other device or equipment” encompasses Ward’s piracy software.

  • Funds in the Reinvestment Reserve Account shall be invested at the direction of Xxxxxxx Group or its designee.

  • Most of the training is on the job training which is accomplished by working with or next to full-time staff.

  • That an upset limit of $4,000 from the Ward 2 Area Rating Special Capital Reinvestment Reserve No. 108052 be allocated to share the cost with the homeowner to remove the obstruction in order to improve safety at the MacNab Street North and Mulberry Street intersection.

  • SECTION 4.08 Reinvestment Enhancement Instrument; Reinvestment Reserve Account..............................

  • Therefore Be It Resolved: That an upset limit of $4,000 from the Ward 2 Area Rating Special Capital Reinvestment Reserve No. 108052 be allocated to share the cost with the homeowner to remove the obstruction in order to improve safety at the MacNab Street North and Mulberry Street intersection.

  • Any remaining portion of the Reinvestment Reserve shall be reduced to zero (0) upon the expiration of the applicable reinvestment periods pursuant to the preceding clauses (ii) and (iv).


More Definitions of Reinvestment Reserve

Reinvestment Reserve has the meaning set forth in SECTION 2.3.
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Reinvestment Reserve means, with respect to any Net Cash Proceeds of any Reinvestment Event, a reserve, in effect from the time of the receipt of such Net Cash Proceeds to the Reinvestment Prepayment Date for such Net Cash Proceeds, in an amount equal to the Reinvestment Deferred Amount for such Net Cash Proceeds, as such amount may be reduced from time to time to permit, and concurrently with the incurrence of, Borrowings by, and Swing Loans to, the Borrowers of all or part of such Reinvestment Deferred Amount, to the extent the proceeds of such Borrowings and Swing Loans are used solely to acquire replacement assets useful in the Company's or a Subsidiary's business (or, in the case of a Property Loss Event, to effect repairs).
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Reinvestment Reserve means an amount of Net Asset Sale Proceeds from a sale or other disposition permitted by Section 6.10 not exceeding (a) $1,000,000 in any fiscal year in the aggregate and (b) an additional amount (to be used only one time prior to the Final Maturity Date) equal to the lesser of (i) $10,000,000 and (ii) the net proceeds from such sale or other disposition of assets constituting a line of business contributing not more than 15% of Consolidated EBITDA for the Company's most recently completed fiscal year, in each case that has been designated by written notice from the Company to the Agent at a time when no Default exists within five days prior to such sale or other disposition as a reserve to the Revolving Loan Commitments to be used to acquire replacement or other assets within 360 days; provided, however, that if any such reserved amount is not actually used to acquire replacement or other assets within such 360-day period, such amount shall no longer constitute a Reinvestment Reserve and shall reduce the Revolving Loan Commitments.
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Reinvestment Reserve is defined in Section 2.5(B)(i)(f) hereof. "RELEASE" means any release, spill, emission, leaking, pumping, injection, deposit, disposal, discharge, dispersal, leaching or migration into the indoor or outdoor environment, including the movement of Contaminants through or in the air, soil, surface water or groundwater.
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Reinvestment Reserve has the meaning set forth in Section 2.1(d).
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Related to Reinvestment Reserve

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

  • Replacement Reserve As defined in Section 9.5.1.

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

  • Interest Reserve Account means that Interest Reserve Account maintained by the Master Servicer pursuant to Section 5.1(a), which account shall be an Eligible Account.

  • Interest Reserve means, for any Calculation Period, the product (expressed as a percentage) of (i) 1.5 times (ii) the Alternate Base Rate as of the immediately preceding Cut-Off Date times (iii) a fraction the numerator of which is the highest Days Sales Outstanding for the most recent 12 Calculation Periods and the denominator of which is 360.

  • 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 [*];

  • Cash Reserve means for any Financed Receivable which has been paid in full during a Monthly Period, the amount by which the amount(s) paid on such Financed Receivable exceeds the Advance made on such Financed Receivable.

  • Reinvestment Period means 15 months following the date of receipt of Net Cash Proceeds of an Asset Sale Prepayment Event, Casualty Event or Permitted Sale Leaseback.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Reinvestment Deferred Amount with respect to any Reinvestment Event, the aggregate Net Cash Proceeds received by the Borrower or any of its Subsidiaries in connection therewith that are not applied to prepay the Loans pursuant to Section 2.10(b) as a result of the delivery of a Reinvestment Notice.

  • Capital Reserve Fund means the reserve fund created and established by the Authority in

  • Interest Reserve Amount With respect to each Mortgage Loan that is an Interest Reserve Loan (or the related successor REO Mortgage Loan), for any Distribution Date that occurs during February of any year or during January of any year that is not a leap year, an amount equal to one day’s interest accrued at the related Net Mortgage Rate on the related Stated Principal Balance as of the end of the Collection Period related to such Distribution Date, but prior to giving effect to the application of any amounts due on the Due Date occurring in such Collection Period, to the extent that a Monthly Payment is Received by the Trust with respect to such Interest Reserve Loan for the related Due Date in the same month as such Distribution Date on or before the related Master Servicer Remittance Date or a P&I Advance is made under this Agreement with respect to such Interest Reserve Loan by such Distribution Date. For purposes of calculating Interest Reserve Amounts, the Net Mortgage Rate for each Interest Reserve Loan shall be the Net Mortgage Rate in effect (including as a result of any step-up provision) under the original terms of such Interest Reserve Loan in effect as of the Closing Date, without regard to any modifications, extensions, waivers or amendments of such Interest Reserve Loan subsequent to the Closing Date (whether entered into by the applicable Master Servicer, the applicable Special Servicer, the Non-Trust Master Servicer or the Non-Trust Special Servicer or in connection with any bankruptcy, insolvency or other similar proceeding involving the related Borrower).

  • Reinvestment has the meaning set forth in Section 2.2.

  • Available Reserve Account Amount means, with respect to any Distribution Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (before giving effect to any deposit to be made to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 2.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

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

  • Excess Reserve Fund Account The separate Eligible Account created and maintained by the Trustee pursuant to Sections 3.07(b) and 3.07(c) in the name of the Trustee for the benefit of the Regular Certificateholders and designated "Deutsche Bank, National Trust Company in trust for registered Holders of Morgan Stanley ABS Capital I Inc. Trust 2006-HE3, Mortgage Pass-Through Xxxxxfxxxxxx, Series 2006-HE3." Funds in the Excess Reserve Fund Account shall be held in trust for the Regular Certificateholders for the uses and purposes set forth in this Agreement. Amounts on deposit in the Excess Reserve Fund Account shall not be invested.

  • 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.

  • 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.

  • 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.

  • 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.

  • Rent Reserve means, with respect to any store, warehouse distribution center, regional distribution center or depot where any Inventory subject to Liens arising by operation of law is located, a reserve equal to two (2) months’ rent at such store, warehouse distribution center, regional distribution center or depot.

  • Capital Reserve means for any period and with respect to a Property (other than any Projects Under Development), an amount equal to the product of (i) the gross leaseable area contained in such Property (in square feet), multiplied by (ii) $0.30 per annum.

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

  • Investment Account As defined in Section 3.12(a).

  • Excess Liquidation Proceeds Reserve Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(c) of this Agreement in trust for the Certificateholders, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Excess Liquidation Proceeds Reserve Account.” Any such account shall be an Eligible Account.