Reserve Payments definition

Reserve Payments as defined in and pursuant to the Maxus Schedules totaling $336,952.33 USD in the aggregate as of the Execution Date, but specifically excluding (b) the Seller Retained Claims (collectively, the “Current Assets”), less (b) the current liabilities of each Company (the “Current Liabilities”), both determined as of the close of business of the Companies on the Closing Date and in each case as determined in accordance with United States generally accepted accounting principles (“GAAP”) in its preparation of the financial information provided to Sellers pursuant to Article III and excluding cash and all balances either due to or from the Sellers. A sample of such Net Working Capital calculation is set forth on Exhibit B.
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Reserve Payments has the meaning specified in Section 5.1.3(b) of the Participation Agreement.
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Reserve Payments means as to any Commercial Mortgage, any payments made by the related mortgagor to mortgagee or Servicer pursuant to an agreement between mortgagee and the related mortgagor for the purpose of providing reserves for the costs associated with repairs to and replacement of capital items, environmental costs and lease rollover on the related mortgaged property.
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Examples of Reserve Payments in a sentence

  • Notwithstanding anything to the contrary contained herein, in the event any Borrower Reserve Payments are deposited into the Collection Account, such Borrower Reserve Payments shall, upon written request of the Seller, be promptly transferred from the Collection Account to the Operating Account for the Seller to transfer into the appropriate escrow or reserve accounts.

  • The Reserve Payments will be equal to two percent (2%) of the Purchase Price of any outstanding Notes (plus accrued but unpaid interest) for each month (or part thereof) following the date that an insufficient number of shares of Common Stock (as determined above) was reserved for such purpose (the "Failure Date") continuing through the date a sufficient number of additional shares of Common Stock (as determined above) is reserved for such purpose (the "Reserve Date").

  • The duplicate confirmations and account statements that you are required to submit to the CCO on a monthly basis may be used to satisfy your quarterly reporting obligation only if the confirmations and account statements contain all of the information required to be included on this report and they are submitted to the CCO by the deadline for submission of this report.

  • The Maintenance Reserve Payments shall be Supplemental Rent under this Lease and Lessee shall not have any right, title or interest therein or thereto other than the rights set forth in Section 4(d) hereof.

  • Lessee agrees to pay the Maintenance Reserve Payments specified in Exhibit C hereto during the Term on each Maintenance Reserve Payment Date.

  • If any sums of money or property are paid or distributed in respect of the Purchased Items and received by the Seller (other than the Borrower Reserve Payments), the Seller shall promptly pay or deliver such money or property to the Purchaser and, until such money or property is so paid or delivered to the Purchaser, hold such money or property in trust for the Purchaser, segregated from other funds of the Seller.

  • If any sums of money or property are paid or distributed in respect of the Purchased Assets and received by the Seller (other than the Borrower Reserve Payments), the Seller shall promptly pay or deliver such money or property to the Purchaser and, until such money or property is so paid or delivered to the Purchaser, hold such money or property in trust for the Purchaser, segregated from other funds of the Seller.

  • Borrower shall at all times maintain a reserve account with the Depository (the "Marketing Reserve Deposit Account") in which Borrower shall deposit or cause to be deposited pursuant to Section 12.3, all payments or other contributions by tenants and others made for the purpose of promotion or marketing for the Expanded Properties, or for any similar purpose, howsoever described in the Leases or otherwise (the "Marketing Reserve Payments").

  • Funds in the FF&E Reserve and all property purchased with funds from the FF&E Reserve during the Term shall be the property of Landlord and all FF&E Reserve Payments shall constitute Additional Charges.

  • Section 5.1.2 of the Lease is hereby amended by deleting the last paragraph thereof and replacing it with the following paragraphs: On and before September 30, 2002, funds in the FF&E Reserve and all property purchased with those funds shall be the property of Landlord and all FF&E Reserve Payments shall constitute Additional Charges.


More Definitions of Reserve Payments

Reserve Payments means those payments payable by the City and YCSD pursuant to Section 4.1(b) hereof. Reserved Rights shall have the meaning assigned to that term under the Indenture. School Party or School Parties shall mean, collectively or severally, as applicable, the City, the YCSD and the YJSCB. YCSD shall mean the City School District of the City of Yonkers, a school district of the State of New York, acting by and through the Board of Education of the City School District of the City of Yonkers, and any body, board, authority, agency or other governmental agency or instrumentality which shall hereafter succeed to the powers, duties, obligations and functions thereof. Series Facilities Agreement shall mean this Agreement and each other installment sale agreement or facilities lease agreement pursuant to which the Agency or any other public entity shall sell, lease or sublease Additional Facilities to the City and the YCSD and appoint the YJSCB as its agent for purposes of completion of such Additional Facilities, and the City and YCSD shall be obligated to make installment purchase payments or rental payments, as applicable, with respect to a Series of Project Bonds upon terms substantively comparable to that provided in Article IV of this Agreement. Series Indenture shall mean, collectively, the Indenture and each other indenture of trust or bond resolution pursuant to which a Series of Project Bonds shall be issued to finance all or a portion of the costs of a Project. Series License shall mean the License and each other lease or license agreement by the City and/or the YCSD to the Agency or other public entity of Additional Facilities to be financed in whole or in part with a Series of Project Bonds. Series 2021 Bonds shall mean the $[ ] School Facility Revenue Bonds (New Community School Project), Series 2021 of the Agency issued, executed, authenticated and delivered under the Indenture.
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Reserve Payments means with respect to the Development Facilities, an amount equal to that set forth in the development pro-forma approved by Developer, Manager, Tenant and Owner, and with respect to Completed Facilities, an amount equal to the greater of (iii) Seven Hundred Fifty Dollars ($750) per unit per annum or (iv) an agreed-upon amount contained in each Facility’s approved capital expenditure budget. Manager shall receive the Reserve Payments and hold the proceeds thereof for the benefit of Tenant commencing one (1) year after the Certificate of Occupancy Date for each Development Facility and one (1) month after the date hereof for Completed Facilities. The Reserve for all Facilities shall be held in the Central Account for certain expenditures, as described in greater detail in Section 5 hereof, the Pooling Agreement, and in the Management Agreements.
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Related to Reserve Payments

  • Loss Reserve Percentage means, on any date, the product of (A) 2.25 times (B) the highest average of the Default Ratios for any three consecutive calendar months during the twelve most recent calendar months times (C) the Loss Horizon Ratio.

  • Yield Reserve Percentage means at any time of determination:

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

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.

  • 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.

  • Interest Reserve Amount has the meaning set forth in Section 5.1(d).

  • Reserve Percentage means, on any day, for any Lender, the maximum percentage prescribed by the Board of Governors of the Federal Reserve System (or any successor Governmental Authority) for determining the reserve requirements (including any basic, supplemental, marginal, or emergency reserves) that are in effect on such date with respect to eurocurrency funding (currently referred to as “eurocurrency liabilities”) of that Lender, but so long as such Lender is not required or directed under applicable regulations to maintain such reserves, the Reserve Percentage shall be zero.

  • Interest Reserve Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.23 of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Benchmark 2019-B12 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B12, Interest Reserve Account” and which shall be an Eligible Account.

  • Required Reserve Factor Floor means, for any Calculation Period, the sum (expressed as a percentage) of (a) 28.00% plus (b) the product of the Adjusted Dilution Ratio and the Dilution Horizon Ratio, in each case, as of the immediately preceding Cut-Off Date.