Reserve Product definition

Reserve Product means a policy of bond insurance, a surety bond or a letter of credit or other credit facility used in lieu of a cash deposit in the Reserve Fund meeting the terms and conditions of Section 10(c) hereof.
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Reserve Product shall have the meaning set forth in Article 4.A.
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Reserve Product means an insurance policy, a surety bond or a letter of credit or other credit facility issued by a Reserve Product Provider used in lieu of a cash deposit in an account in the Debt Service Reserve Account and meeting the terms and conditions of Section 902(a)(4) hereof.
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Examples of Reserve Product in a sentence

  • C.6 Procedures for delivery of purchased product (a) The purchaser's and terminal's responsibilities regarding delivery scheduling, measurement, inspection, custody transfer and costs are set forth in a Strategic Petroleum Reserve Product Distribution Plan referenced in the NS.

  • Tables B1, B2, B3, B4, B5, B6Appendix C to Part 718–Blood Gas TablesSubpart A—General§ 718.1 Statutory Provisions.

  • The purchaser will be responsible for meeting any delivery requirements imposed at those points including complying with the rules, regulations, and procedures contained in applicable port/terminal manuals, pipeline tariffs or other applicable documents, and the current Strategic Petroleum Reserve Product Distribution Plan as referenced in the NS.

  • Reserve Product has been ‘put aside’ for a specific patient, but not yet allocated by crossmatch or direct issue.

  • If funds on deposit in the Reserve Fund or the available amount under a Reserve Product on deposit in the Reserve Fund exceed in the aggregate the Reserve Requirement, the excess cash shall be deposited into the Electric Fund.

  • If a disbursement is made pursuant to a Reserve Product, the Issuer shall be obligated either (i) to reinstate the maximum limits of such Reserve Product or (ii) to deposit into the Reserve Fund, funds in the amount for the disbursement made under such Reserve Product, or a combination of such alternatives, as such shall provide that the amount in or available to the Reserve Fund equals the Reserve Fund Requirement for that series of the Bonds.

  • Notwithstanding anything herein to the contrary, the Issuer shall not be required to fully fund the Reserve Account at the time of issuance of Bonds, if it provides on the date of issuance of the Bonds, in lieu of such funds, a Reserve Product issued by a Reserve Product Provider in an amount equal to the difference between the Reserve Requirement and the sums then on deposit in the Reserve Account available for such series of Bonds.

  • Unless otherwise set forth in the Bond Purchase Agreement, in lieu of the required transfers or deposits to the Reserve Fund, the Issuer shall cause to be deposited into the Reserve Fund a Reserve Product for the benefit of the owners of the applicable bonds secured by the Reserve Fund in an amount equal to the Reserve Fund Requirement.

  • If more than on Reserve Product is deposited in the Reserve Fund, drawings thereunder shall be made on a pro rata basis, calculated by reference to the maximum amount available thereunder.

  • Such Reserve Product must provide for payment on any interest or principal payment date (provided adequate notice is given) on which a deficiency exists (or is expected to exist) in moneys held in the Reserve Account for a payment with respect to the Bonds which cannot be cured by funds in any other account held pursuant to this Resolution and available for such purpose, and which shall name the Paying Agent the beneficiary thereof.


More Definitions of Reserve Product

Reserve Product means a policy of bond insurance, a surety bond or a letter of credit or other credit facility used in lieu of a cash deposit in the Reserve Fund that is provided by a bond insurance provider or a bank or other financial institution whose bond insurance policies insuring, or whose letters of credit, surety bonds or other credit facilities securing, the payment, when due, of debt service on bond issues by public entities, at the time such surety bond, insurance policy, or letter of credit is obtained, result in such issues being rated in one of the two highest full rating categories by one or more of the nationally recognized rating agencies.
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Reserve Product means bond insurance, a surety bond or a letter of credit or other credit facility used in lieu of a cash deposit in the Reserve Fund and meeting the terms and conditions of Section 5.06 of this Indenture.
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Reserve Product means a Reserve Account Insurance Policy or Reserve Account Letter of Credit.
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Reserve Product means a bond insurance, a surety bond or a letter of credit used in lieu of a cash deposit in the Reserve Account and meeting the terms and conditions of Section 4.04 of this Resolution.
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Reserve Product means a policy of bond insurance, a surety bond or a letter of
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Related to Reserve Product

  • Reference biological product means the single biological product licensed pursuant to 42 U.S.C.

  • Final Product means a product that is not used in producing other products and is built and intended for use outdoors, provided the final product has not deteriorated or has otherwise become a potential source of contaminants.

  • medicinal product means any substance or combination of substances presented for treating or preventing disease in human beings or animals and any substance or combination of substances which may be administered to human beings or animals with a view to making a medical diagnosis or to restoring, correcting or modifying physiological functions in humans or in animals;

  • Approved Product means any water fitting, plumbing product, material or component which is the subject of an existing WRAS Approval;

  • Commercial Product means any such product as defined in FAR 2.101.

  • Hemp product means the same as that term is defined in § 3.2-4112.

  • Additional Product means any Product identified as such in the Product Terms and chosen by Enrolled Affiliate under this Enrollment.

  • Existing Product means any formulation of the same product category and form sold, supplied, manufactured, or offered for sale in California prior to the following dates, or any subsequently introduced identical formulation:

  • Replacement Product means electric generating capacity, capacity-related benefits, environmental attributes, Energy or other electric products from a generation resource other than the Facility that are provided or delivered to replace or substitute for Contract Capacity or Storage Capacity (or any Capacity-Related Benefit, Environmental Attribute, Other Electric Product, Contract Energy, or Storage Energy associated therewith), in each case, in whole or in part, pursuant to Section 4.6.

  • Drug Product means a specific drug in dosage form from a known source of manufacture, whether

  • Generic Product means a product which (a) contains as its active pharmaceutical ingredient a compound that is (or is substantially the same as) the Licensed Compound or the active pharmaceutical contained in a Unity Bcl-2 [***] Product, and (b) has been placed on the market pursuant to a validly granted marketing authorization.

  • Aerosol product means a pressurized spray system that dispenses product ingredients by means of a propellant contained in a product or a product's container, or by means of a mechanically induced force. “Aerosol Product” does not include “Pump Spray.”

  • Bundled Product means Product sold together with any other product(s) or service(s) at a single unit price, whether packaged together or separately, and which other product(s) or service(s) have material independent value from Product itself.

  • Biological product means a virus, therapeutic serum, toxin, antitoxin, vaccine, blood, blood component or derivative, allergenic product, protein other than a chemically synthesized polypeptide, or analogous product, or arsphenamine or any derivative of arsphenamine or any other trivalent organic arsenic compound, applicable to the prevention, treatment, or cure of a disease or condition of human beings.

  • Nicotine product means a product that contains nicotine and is not any of the following:

  • Aerosol coating product means a pressurized coating product containing pigments or resins that dispenses product ingredients by means of a propellant, and is packaged in a disposable can for hand-held application, or for use in specialized equipment for ground traffic/marking applications.

  • Licensed Product means any method, process, composition, product, service, or component part thereof that would, but for the granting of the rights set forth in this Agreement, infringe a Valid Claim contained in the Licensed Patents.

  • Pharmaceutical Product shall have the meaning ascribed to such term in Section 3.1(hh).

  • Tobacco product means any substance containing tobacco leaf, including but not limited to, cigarettes, cigars, pipe tobacco, hookah tobacco, snuff, chewing tobacco, dipping tobacco, bidis, blunts, clove cigarettes, or any other preparation of tobacco; and any product or formulation of matter containing biologically active amounts of nicotine that is manufactured, sold, offered for sale, or otherwise distributed with the expectation that the product or matter will be introduced into the human body by inhalation; but does not include any cessation product specifically approved by the U.S. Food and Drug Administration for use in treating nicotine or tobacco dependence.

  • Marijuana product means marijuana as defined in 50-32-101 and marijuana-infused products

  • Roll-on product means any antiperspirant or deodorant that dispenses active ingredients by rolling a wetted ball or wetted cylinder on the affected area.

  • Recycled product means a product containing recovered material, or post-consumer recovered material, or both.

  • Hemp products means all products made from industrial hemp,

  • Alternative nicotine product means any vaping product, whether or not it includes nicotine, including electronic smoking devices, that can be ingested into the body by chewing, smoking, absorbing, dissolving, inhaling, or by any other means. ‘Alternative nicotine product’ does not include:

  • Combination Product means (a) a product containing a Licensed Product together with one or more other active ingredients that have independent biologic or chemical activity when present alone that are sold as a single unit, or (b) a Licensed Product together with one or more products, devices, pieces of equipment or components thereof, that are sold as a single package at a single price.

  • SAP Products means Software, Documentation, SAP Materials, Services, Subscription Services, Cloud Services and Maintenance Services. “SAP SDK” means SAP software development kit that includes tools such as APIs, source code, redistributable files and instructions. “Services” means SAP’s then-current services offered under and described in detail in the applicable SAP PartnerEdge Model.