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.
Reserve Amount means an amount of funds set aside or allocated to reserves which shall be maintained in amounts deemed sufficient by the Members for capital expenditures, contingent liabilities, working capital and to pay taxes, insurance, debt service and other costs and expenses incident to the Company Business.
Reserve Amount means an amount, expressed in Dollars, equal to twenty percent (20%) of the then applicable Revolving Loan Commitment.
Examples of Reserve Amount in a sentence
Such Interest Reserve Amount shall be transferred to the Collection Account as Interest Proceeds on the Determination Date relating to the first Payment Date unless the Collateral Manager, in its discretion, provides written notice to the Collateral Trustee that such Interest Reserve Amount shall not be so transferred and should instead be held in the Interest Reserve Account for application in accordance with this Section 10.3(e).
More Definitions of Reserve Amount
Reserve Amount means, in a reserve factoring transaction, the difference between the purchase price for a legally enforceable claim and the original advance amount, that is held in reserve to secure the financer in the event of non-payment of the legally enforceable claim, or to secure the financer in the event of nonpayment of other legally enforceable claims assigned or to be assigned by the recipient to the financer.
Reserve Amount. As of any date of determination, the maximum amount of FHA insurance available with respect to all FHA Loans. The Reserve Amount initially will equal at least 10% of the aggregate Principal Balance of the FHA Loans as of the Cut-Off Date and will decline as set forth in 24 C.F.R. ss. 201.32(b).
Reserve Amount. As of any date of determination, the amount on deposit in the Reserve Account (other than the amount on deposit in the Class A-1 Holdback Subaccount) on such date.
Reserve Amount. As used herein, the term "Reserve Amount" means the sum of: (a) an amount equal to the current accrued and unpaid monetary liabilities of the Partnership on the Closing Date (other than the principal amount of the Existing Loan), together with such other amounts as the Managers may reasonably determine are necessary or prudent to retain to satisfy any Partnership Claims (hereinafter defined) (the "Liabilities Reserve") and (b) the sum of $___________ (the "Indemnity Reserve"); provided, however, that the Indemnity Reserve portion of the Reserve Amount shall be reduced in proportion to the Interests of Partners of the Partnership ("Dissenting Partners") who do not accept the Offer. The Reserve Amount shall be held and disbursed by the Disbursing Agent (as defined in Paragraph D of this Section 4) as described in Paragraph D of this Section 4 and in Paragraphs A and B of Section 5. The Reserve Amount shall initially be used to pay all amounts required to satisfy the accrued and unpaid monetary liabilities of the Partnership on the Closing Date (other than the principal amount of the Existing Loan) and any liabilities of or claims against the Partnership accrued before the Closing Date (other than the principal amount of the Existing Loan) that Home Properties has not specifically agreed to assume as provided herein ("Liabilities Claims") and any amounts paid or subject to claims of Home Properties by reason of a material breach or material misrepresentation of any representations, warranties, covenants or agreements of the Partnership which survive Closing (but only during the period of such survival) ("Indemnity Claims", together with Liabilities Claims herein referred to collectively as "Partnership Claims"). Notwithstanding the above, if the Partnership can establish to Home Properties' reasonable satisfaction that after Closing, the Managers or their agents will have retained sufficient Partnership funds to pay all Liabilities Claims, then no Liabilities Reserve will be required to be established.
Reserve Amount has the meaning set forth in Section 2.5(a).
Reserve Amount has the meaning set forth in Section 4.7.
Reserve Amount means SEK 5,000,000.