Examples of Reserve Payment in a sentence
Such Additional Reserve Payment shall be due from the Borrower on the relevant Additional Reserve Payment Trigger Date, provided that the Borrower shall have a ten (10) Business Day grace period to make such payment.
Eq. 9 sets out the calculation for the Test Reserve Payment ($) applicable to the month “m” for Testing Scheduling of Local Reserve.
Alorica shall pay for the fees and expenses of the Settlement Administrator, which shall be paid from the Administration Expense Reserve Payment and has been capped at that amount by agreement with the Settlement Administrator.
Each Owner shall pay its Percentage of the Operating Expenses referenced in (i) above directly into the Project Account, except that any Reserve Payment shall be paid into its Participant Funding Account, and shall pay its Percentage of the Operations Fee referenced in (ii) above into an account as designated therefor by the Project Operator in such invoice.
Eq. 9 sets out the calculation for the Test Reserve Payment ($) applicable to the month “m” for testing Reserve scheduling.