Rent Reserve Amount definition

Rent Reserve Amount means as to any Third Party Location located in the United States, the maximum amount of rent, fees and other charges for a period of three months that a landlord, third party warehouse, trailer storage or other self-storage facility, bailee, or such third party, as applicable, would be legally entitled to recover from the personal property located at such Third Party Location and that is subject to a Lien in favor of such third parties, regardless of whether such Lien arises by operation of law, under contract or otherwise. The Rent Reserve Amount shall not include rent, fees and other charges for Third Party Locations where no Inventory is located.
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Rent Reserve Amount means as to any Third Party Location located in the United States, the maximum amount of rent, fees and other charges for a period of six (6) months that a landlord, third party warehouse, trailer storage or other self-storage facility, bailee, or such third party, as applicable, would be legally entitled to recover from the personal property located at such Third Party Location and that is subject to a Lien in favor of such third parties, regardless of whether such Lien arises by operation of law, under contract or otherwise; provided that, for the period commencing on the Fourth Amendment Effective Date and ending on the Borrowing Base Transition Date, the Rent Reserve Amount shall be $0.00.
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Rent Reserve Amount means One Hundred Fourteen Thousand and No/100 Dollars ($114,000.00).”
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Examples of Rent Reserve Amount in a sentence

  • Subject to the terms hereof, Lender will apply the Ground Rent Reserve Amount to payments of Ground Rent required to be made by Borrower pursuant to the Ground Lease.

  • The Monthly Ground Rent Reserve Amount shall be paid by Borrower to Lender on each Payment Date.

  • If at any time Lender reasonably determines that the Ground Rent Reserve Amount is not or will not be sufficient to pay Ground Rent by the dates set forth above, Lender shall notify Borrower of such determination and Borrower shall increase its monthly payments to Lender by the amount that Lender reasonably estimates is sufficient to make up the deficiency at least thirty (30) days prior to the imposition of any interest, charges or expenses for the non-payment of Ground Rent.

  • The Monthly Ground Rent Reserve Amount shall be subject to adjustment by Lender upon notice to Borrower.

  • As of the Effective Date, the Monthly Rent Reserve Amount is $4,361,633.00, but such amount is subject to adjustment by the Administrative Agent upon notice to Borrower and the PropCo Subsidiaries.

  • On the Closing Date, Grantor shall deposit the Rent Reserve Amount in the Rent Reserve Account.

  • On each Rent Payment Date, the Indenture Trustee shall, in accordance with the Manager Report, deposit in the Head Lessee Collection Account the excess, if any, of (a) amounts then on deposit in the Rent Reserve Account (after giving effect to any withdrawals therefrom on such Rent Payment Date) over (b) the Rent Reserve Amount.

  • Subject to Section 6.1.1B, the Monthly Rent Reserve Amount shall be paid by Borrower and the PropCo Subsidiaries to the Rent Reserve Account on the first Business Day of each calendar month commencing with the first month immediately following the month in which the Effective Date occurs, and subject to the terms hereof, the Administrative Agent will apply the Rent Reserve Amount to payments of Ground/Space Lease Rent required to be made by PropCo Subsidiaries pursuant to the Ground Leases or Space Leases.

  • With respect to such locations or warehouse space leased or owned as of the Closing Date and thereafter, if Agent has not received a landlord or mortgagee agreement or bailee letter as of the Closing Date (or, if later, as of the date such location is acquired or leased), Borrowers shall have the option to elect that either (a) any Borrower’s Eligible Inventory at that location shall be excluded from the Borrowing Base or (b) be subject to a Reserve in the amount equal to the Rent Reserve Amount.

  • Upon the occurrence of a Disposition, provided no Event of Default has occurred and is continuing, Borrower shall promptly prepare a revised estimate of Monthly Tax Reserve Amount, Monthly Insurance Reserve Amount and Monthly Rent Reserve Amount with respect to the remaining Borrowing Base Properties in accordance with Sections 6.1.1, 6.1.2 and 6.1.3, as applicable, and shall promptly provide the Administrative Agent and Cash Management Bank with notice thereof.


More Definitions of Rent Reserve Amount

Rent Reserve Amount is such amount determined by the Administrative Agent from time to time in its Permitted Discretion, provided that such amount shall not exceed the amount of rent, fees and other charges for a period of three months that a landlord, third party warehouse, trailer storage or other self-storage facility, bailee, or such third party, as applicable, would be legally entitled to recover from the personal property located at such Third Party Location and that is subject to a Lien in favor of such third parties, regardless of whether such Lien arises by operation of law, under contract or otherwise. The Rent Reserve Amount shall not include rent, fees and other charges for Third Party Locations where no Inventory is located. 5 Only includes Revolving Tranche A Advances, Swingline Advances and Letter of Credit Exposure (but NOT Tranche B Term Advances and Tranche C Term Advances). 6 Use only if “the aggregate Commitments” is selected under item (D.2). Revolving Outstandings include Revolving Tranche A Advances, Swingline Advances, Letter of Credit Exposure, Tranche B Term Advances and Tranche C Term Advances. 7 A negative number would mean a deficiency exists. [Please attach a chart detailing the Inventory of the Credit Parties and showing (A) the location (or if in transit), (B) the product type, (C) volume on hand, (D) cost or market value and (E) reports of any variances or other results of Inventory counts performed by the Credit Parties since the last Inventory schedule, if applicable 8.] 8 Include any information regarding sales or other reductions, additions, returns, credits issued by any such parties and all claims, counterclaims, deductions, defenses, setoffs or disputes against any such parties by the Account Debtor. Xxxxxxx Production Services, Inc. Corporation Delaware Xxxxxxx Production Services, Inc. Corporation Michigan RedZone Holdco, LLC Limited Liability Company Delaware Northern Production Company, LLC Limited Liability Company Wyoming RedZone Coil Tubing, LLC Limited Liability Company Texas R & S Well Service, Inc. Corporation Wyoming SJL Well Service, LLC Limited Liability Company Oklahoma J & R Well Service, LLC Limited Liability Company Michigan First Call Well Service, LLC Limited Liability Company Oklahoma Big Lake Services, LLC Limited Liability Company Delaware Big Lake Services Holdco, LLC Limited Liability Company Delaware
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Rent Reserve Amount means the Security Deposit (as defined in the Principal Occupational Lease) which as at the date of this Agreement will be the sum of E24,960,000 and thereafter as adjusted in accordance with the provisions of paragraph 32 of the Principal Occupational Lease.
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Rent Reserve Amount shall have the meaning provided in Section 6.1.17.
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Rent Reserve Amount means, with respect to any leased real property other than leased premises in regard to which the landlord thereof shall have executed and delivered to Agent a landlord or mortgagee agreement or bailee letter, an amount equal to three (3) months rental expense for such leased real property.
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Related to Rent Reserve Amount

  • 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).

  • 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.

  • 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.

  • 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 [*];

  • 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.

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

  • 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.

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

  • 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.

  • Replacement Reserve Account 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.

  • 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.

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

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

  • 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.

  • Initial Reserve Account Deposit Amount means an amount equal to $1,030,941.16.

  • 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.

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

  • 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.

  • 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.

  • 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.

  • Initial Reserve Account Deposit means $3,250,000.

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

  • Net WAC Rate Carryover Reserve Account The Net WAC Rate Carryover Reserve Account established and maintained pursuant to Section 4.10.

  • Carryover Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.05(g) in the name of the Trustee for the benefit of the Holders of the Offered Certificates and designated "The Bank of New York in trust for registered holders of CWALT, Inc., Alternative Loan Trust 2006-OC10, Mortgage Pass-Through Certificates, Series 2006-OC10." Funds in the Carryover Reserve Fund shall be held in trust for the Holders of the Offered Certificates for the uses and purposes set forth in this Agreement.