Reporting Reserve definition

Reporting Reserve means, at any time, a $400,000,000 reserve; provided that the Reporting Reserve shall be decreased on a dollar-for-dollar basis by an amount equal to the excess (if any) of (a) the Aggregate Borrowing Base at such time over (b) the Revolving Commitments in effect at such time.
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Reporting Reserve means a reserve, determined in the Administrative Agent’s sole discretion, of up to (a) $275,000,000 less (b) the excess (if any) of (i) the Aggregate Borrowing Base at such time over (ii) the Revolving Commitments in effect at such time.
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Reporting Reserve means $12,500,000.
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Examples of Reporting Reserve in a sentence

  • The Aggregate Borrowing Base and the US Borrowing Base at any time shall be determined by reference to the most recent Aggregate Borrowing Base Certificate and each other Borrowing Base Certificate delivered to the Administrative Agent pursuant to Section 5.01(f) of this Agreement; provided that during a Reporting Reserve Period, the US Borrowing Base may, in the Permitted Discretion of the Administrative Agent, or shall at the direction of the Required Lenders, be reduced by the Reporting Reserve.


More Definitions of Reporting Reserve

Reporting Reserve means (a) during the period from and after the First Amendment Effective Date until the date of the filing of the Form 10-Q of Parent for the fiscal quarter ending June 30, 2016, containing unaudited financial statements of Parent and its Subsidiaries for such fiscal quarter that are substantially similar to the financial statements of Parent and its Subsidiaries for such period delivered to Agent and Lenders prior to the First Amendment Effective Date pursuant to Section 5.1 of the Credit Agreement, $12,500,000, and
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Reporting Reserve means a reserve against borrowing availability under the Receivable Loans, which FINOVA shall establish and adjust weekly in an amount equal to five percent (5%) of the sum of Borrowers' Eligible Receivables and Eligible Unbilled Freight Sales, as shown by reference to Borrowers' most recent Collateral and Loan Report.
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Reporting Reserve means a reserve equal to $2,000,000 which may be instituted by Agent in respect of any borrowing requests made other than contemporaneously with the delivery of the monthly Borrowing Base Certificate in accordance with Section 4.01.
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Related to Reporting Reserve

  • Spinning Reserve means the ability to immediately and automatically increase generation or reduce demand in response to a fall in frequency;

  • Reporting Requirements As defined in Section 11.12.

  • Reporting Date means the 7th day of each Month following the Month to which the relevant Management Information relates, or such other date as may be agreed between the Parties;

  • Accounting Restatement Date means the earlier to occur of (a) the date that the Board, a committee of the Board authorized to take such action, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare an Accounting Restatement, or (b) the date that a court, regulator or other legally authorized body directs the Company to prepare an Accounting Restatement.