Reserve Costs definition

Reserve Costs means, so long as a Note Purchaser shall be required under regulations of the Federal Reserve Board to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (as defined in Regulation D), additional amounts equal to the product of (l) the aggregate principal amount of the Notes held by it, multiplied by (2) an interest rate per annum equal, at all times during the period in which such reserves were assessed, to the remainder obtained by subtracting (a) the LIBO Rate for such Interest Period from (b) the rate obtained by dividing such LIBO Rate for such Interest Period by a percentage equal to 100% minus the LIBO Rate Reserve Percentage of such Holder, which amounts shall be payable on each Payment Date.

Reserve Costs means, in relation to the funding by the Bank of any amount in an “Accept- able Currency”, the costs to the Bank occasioned by or attributable to complying with reserves, liquidity, deposit or other requirements imposed on the Bank internally and/or by any relevant authority (as conclusively determined by the Bank);

Reserve Costs means, so long as Instrument Holders hereafter shall be required under regulations of the Board of Governors of the Federal Reserve System to maintain reserves in excess of those maintained at the more recent to occur of the original issuance of the applicable Instrument or the adjustment of the Note Rate or Certificate Rate applicable to such Instrument or the applicable interest therein in connection with the Secondary Transaction with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional amounts equal to the product of (1) the outstanding balance of the Instruments, multiplied by (2) an interest rate per annum equal, at all times during the period in which such reserves were assessed, to the remainder obtained by subtracting (a) the LIBO Rate for such Interest Period from (b) the rate obtained by dividing such LIBO Rate applicable during such Interest Period by a percentage equal to 100% minus the applicable LIBO Rate Reserve Percentage, payable on each Payment Date.

Examples of Reserve Costs in a sentence

• The costs are to be divided into five categories: Raw Materials, Labor, Overhead, Delivery and Reserve Costs.

• The weighted average days to maturity for the Landfill Closure and Post Closure Care Reserve Costs Trust will not exceed 8 years and maximum allowable maturity is 10 years.

• Suitability – Any investment eligible in the Investment Policy is eligible for Landfill Closure and Post Closure Care Reserve Costs Trust excluding guaranteed investment contracts.

• Liquidity – The Landfill Closure and Post Closure Care Reserve Costs Trust will be invested to match the closing schedule.

• The obligations of the Borrower under Clauses 6.5 (Increased Loan Costs, etc.), 6.6 (Funding Losses), 6.7 (Increased Capital Costs), 6.8 (Taxes), 6.9 (Reserve Costs), 13.5 (Payment of Costs and Expenses) and 13.6 (Indemnification) and the obligations of the Lenders under Clause 12.2 (Indemnity), shall in each case survive any termination of this Agreement and the payment in full of all Obligations.

• However, the prohibition regarding the use of CoC Program funds to replace state or local funds previously used or designated to assist persons experiencing homelessness remains a required confirmation for all new project applications.3. Operating Budget and Replacement Reserve Costs: All renewal project applications with an “Operating Budget” selected on Screen “6A.

• Any final remaining balance in the Administrative Costs Reserve following (a) payment in full or final reservation of all Administrative Reserve Costs, as determined by the Monitor; and (b) declaration by the Monitor of a Unitholder Distribution Record Date; shall be transferred by the Monitor to the Transfer Agent and shall be deemed to have first been transferred to the Unitholders’ Distribution Cash Pool and then distributed therefrom by the Monitor, on behalf of the Fund, to the Transfer Agent.

• For project applicants with multiple CoC Program-funded projects, HUD built functionality into the HUD-2880 in the Project Applicant Profile so project applicants are only required to fill out the form’s fields once for the combined total amount for all YHDP projects being submitted.2. Operating Budget and Replacement Reserve Costs.

• TCC shall hold the Administrative Reserve in the Administrative Reserve Account for the purpose of paying the Administrative Reserve Costs in accordance with the Plan and shall distribute any remaining balance in the Administrative Reserve Account in accordance with Section 5.12 of the Plan.

• The Monitor, on behalf of HBW, shall pay any known Administrative Reserve Costs, including without limitation the Priority Claims, from the Administrative Reserve Account.

More Definitions of Reserve Costs

Reserve Costs means, so long as any Instrument Holder hereafter shall be required under regulations of the Board of Governors of the Federal Reserve System to maintain reserves in excess of those maintained at the more recent to occur of the original issuance of the applicable Instrument or the date of adjustment of the Note Rate or Certificate Rate applicable to such Instrument or applicable interest therein in connection with the Secondary Transaction with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional amounts equal to the product of (1) the outstanding balance of the Instruments held by such Instrument Holder, multiplied by (2) an interest rate per annum equal at all times during the period in which such reserves were assessed to the remainder obtained by subtracting (a) the LIBO Rate for the applicable period from (b) the rate obtained by dividing such LIBO Rate applicable during such period by a percentage equal to 100% minus the then applicable LIBO Rate Reserve Percentage, payable on each Payment Date. Promptly after Lessor receives notice from Agent or any Instrument Holder of any Reserve Costs or Increased Costs to be payable as Additional Rent Lessor shall notify the Lessee of the same; provided, however, that the failure to provide such notice as to Increased Costs shall not affect the Lessor's right to recover Additional Rent for the same. A certificate in reasonable detail (i) setting forth the basis for and the amount of such costs submitted by the Lessor to the Lessee and (ii) in the case of Increased Costs, setting forth in reasonable detail the calculation of the same and that the Instrument Holder has certified to the Lessor that such Increased Costs are generally being charged by the Instrument Holder to other similarly situated persons under similar arrangements, which notice shall be conclusive and binding for all purposes, absent manifest error, unless such notice fails to set forth the information required above as to the Increased Costs.

Reserve Costs means, so long as a Note Holder or Certificate Holder shall be required under regulations of the Federal Reserve Board to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional amounts equal to the product of (i) such Note Holder's or Certificate Holder's portion of the Adjusted Capitalized Cost of the Property, multiplied by (ii) an interest rate per annum (at all times during the portion of the LIBO Rate Period during which such reserves were assessed) equal to the amount obtained by subtracting (a) the LIBO Rate for such LIBO Rate Period from (b) the rate obtained by dividing such LIBO Rate for such LIBO Rate Period by a percentage equal to 100% minus the LIBO Rate Reserve Percentage applicable to such Note Holder or Certificate Holder (as the case may be). For purposes of this provision, (i) each APA Purchaser holding a Percentage Interest shall, to the extent and for so long as it holds such Percentage Interest, be deemed a Note Holder with respect to the Principal Portion of such Percentage Interest, and (ii) CXC's Credit Enhancer shall be deemed a Note Holder to the extent of the principal amount of Notes attributable to CXC Advances or portion thereof that has been assigned to CXC's Credit Enhancer or in respect of which a draw has been made under the insurance policy or

Reserve Costs means, in relation to any Bank and in respect of any Term for an Advance, the cost to such Bank of compliance with the requirements of (a) the Bank of England and/or the Financial Services Authority (or, in either case, any other authority which replaces all or any of its functions) or (b) the European Central Bank (any such cost, for the purposes of this Agreement, to be represented by the percentage rate notified by the relevant Bank to the Facility Agent prior to the last day of the relevant Term).

Reserve Costs means, in relation to any Bank and in respect of any Term in relation to any Facility A Advance or any Facility B Advance or any Interest Period in relation to any Facility A Term Advance, the cost to such Bank of compliance with the minimum reserve requirements of (a) the Bank of England and/or the Financial Services Authority (or, in either case, any other authority which replaces all or any of its functions) or (b) the European Central Bank (any such cost, for the purposes of this Agreement, to be represented by the percentage rate per annum calculated by the Facility Agent in accordance with Schedule 7 (Reserve Cost Formulae)).

Reserve Costs means, so long as a Note Holder or the Lessor shall be required under regulations of the Federal Reserve Board to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional amounts equal to the product of (i) such Note Holder's or the Lessor's portion of the Adjusted Capitalized Cost of the Property multiplied by (ii) an interest rate per annum (at all times during the portion of the LIBO Rate Period during which such reserves were assessed) equal to the amount obtained by subtracting (a) the LIBO Rate for such LIBO Rate Period from (b) the rate obtained by dividing such LIBO Rate for such LIBO Rate Period by a percentage equal to 100% minus the LIBO Rate Reserve Percentage applicable to such Note Holder or the Lessor (as the case may be).