Unallocated Contingency Balance definition

Unallocated Contingency Balance means, from time to time, the amount of the "Construction Contingency" Line Item Category as set forth in the Project Budget then in effect.
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Unallocated Contingency Balance means (w) during the first month after the Effective Date, the greater of (1) $24,000,000 or (2) the Unallocated Contingency Calculation, (x) during the second month after the Effective Date, the greater of $23,000,000 or (2) the Unallocated Contingency Calculation, (y) during the third month after the Effective Date, the greater of $22,000,000 or (2) the Unallocated Contingency Calculation, and (z) thereafter, from time to time, the Unallocated Contingency Calculation.
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Unallocated Contingency Balance as defined in the Disbursement Agreement.
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Examples of Unallocated Contingency Balance in a sentence

  • For purposes of determining compliance by Aladdin Gaming with the representation in Section 8(t) of the Facilities Agreement, the Main Project Budget shall be deemed to be "In Balance" for purposes of this Agreement only if (x) the amount required to bring the Main Project Budget "In Balance" does not exceed $5,000,000 or (y) such amount is greater than $5,000,000, the Unallocated Contingency Balance equals or exceeds the amount required to bring the Main Project Budget In Balance.

  • For purposes of determining compliance by Aladdin Gaming with the covenant in Section 10(r) of the Facilities Agreement the Main Project Budget shall be deemed to be "In Balance" for purposes of this Agreement if (x) the amount required to bring the Main Project Budget "In Balance" does not exceed $5,000,000 or (y) such amount is greater than $5,000,000, the Unallocated Contingency Balance equals or exceeds the amount required to bring the Main Project Budget "In Balance".

  • The Unallocated Contingency Balance shall equal or exceed the Required Minimum Contingency and the Available Funds shall equal or exceed the Remaining Costs as determined by the Administrative Agent and the Construction Consultant.

  • As of each Advance Date (a) the Unallocated Contingency Balance equals or exceeds the Required Minimum Contingency and (b) after giving effect to the requested Advance, the Available Funds equal or exceed the Remaining Costs.

  • As of each Representation Date, the Unallocated Contingency Balance equals or exceeds the Required Minimum Contingency and, after giving effect to any Interim Loan Advance proposed to be made as of such Representation Date, the Available Funds equal or exceed the Remaining Costs.

  • Without the prior written consent of the Administrative Agent, the Borrowers shall not allocate amounts of the Unallocated Contingency Balance to other Line Items in the Construction Component of the Budget if such allocation causes the remaining Unallocated Contingency Balance to be less than the Required Minimum Contingency.

  • The failure, from time to time, of (a) Available Funds to equal or exceed the Remaining Costs or (b) the Unallocated Contingency Balance to equal or exceed the Required Minimum Contingency, if such failure shall continue for 30 days without being cured.

  • The Unallocated Contingency Balance shall equal or exceed the Required Minimum Contingency and after giving effect to the requested Advance, the Available Funds shall equal or exceed the Remaining Costs.

  • The failure, for 30 consecutive days, of the Company to submit an Advance Request which is approved, unless the Company demonstrates to the reasonable satisfaction of the Disbursement Agent after consultation with the Construction Consultant that (a) Available Funds equal or exceed the Remaining Costs and (b) the Unallocated Contingency Balance equals or exceeds the Required Minimum Contingency.


More Definitions of Unallocated Contingency Balance

Unallocated Contingency Balance means, from time to time, the amount of the "unallocated contingency" Line Item set forth in the Project Budget then in effect (a) increased by the aggregate of all negative variances (other than for Bovis Line Items) listed in column 8 of the Summary Anticipated Cost Report then in effect, (b) decreased by the aggregate of all positive variances (other than for Bovis Line Items) listed in column 8 of the Summary Anticipated Cost Report then in effect, (c) increased by the negative amount, if any, of the Bovis Balance, and (d) decreased by the positive amount, if any, of the Bovis Balance.
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Unallocated Contingency Balance means, as of any date, the amount of the "unallocated contingency" Line Item set forth in the Project Budget as in effect on such date (a) increased by the aggregate of all negative variances (other than for Bovis Line Items) listed in column 8 of the Summary Anticipated Cost Report in effect on such date, (b) decreased by the aggregate of all positive variances (other than for Bovis Line Items) listed in column 8 of the Summary Anticipated Cost Report in effect on such date, (c) increased by the negative amount, if any, of the Bovis Balance, and (d) decreased by the positive amount, if any, of the Bovis Balance.
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Unallocated Contingency Balance. Required Minimum Contingency," "Available Funds" and "Remaining Costs" are defined in the Disbursement Agreement.
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Unallocated Contingency Balance means an amount equal to (x) the Required Minimum Contingency amount minus (y) contingency amounts allocated to Line Items for Project Costs in the Construction Component of the Budget in the discretion of the Borrowers, provided that the Unallocated Contingency Balance is not less than the Required Minimum Contingency after such allocations are taken into account; plus (z) the difference between the budgeted amount for a Line Item in the Construction Component of the Budget and the actual Project Cost for such Line Item, if the Borrowers elect to allocate such difference to the Unallocated Contingency Balance.
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Related to Unallocated Contingency Balance

  • Unallocated Basis means, with respect to the holding of gold, that the holder is entitled to receive delivery of Physical Gold in the amount standing to the credit of the holder’s account, but the holder has no ownership interest in any particular gold that the custodian maintaining that account owns or holds.

  • Deficiency Balance means, with respect to any Receivable, any deficiency balance, charged-off amount, Principal Balance, accrued interest and/or fees and any Related Security; provided, that such amounts and Related Security relate to a Receivable which is a Defaulted Receivable.

  • Pre-Funded Amount With respect to any date of determination, the amount on deposit in the Pre-Funding Account.

  • Unallocated Account means the portion of the Trust to which Employer Contributions are made during the Plan Year, in which shares of Company Stock will be held prior to allocation to Participant Accounts, to which dividends paid on such shares of Company Stock will be paid, and from which will be paid expenses of the Plan and Under-Payment Expenses as defined in Section 3.5.

  • Allocated Realized Loss Amount With respect to any Distribution Date and any Class of Mezzanine Certificates, the sum of (i) any Realized Losses allocated to such Class of Certificates on such Distribution Date and (ii) the amount of any Allocated Realized Loss Amount for such Class of Certificates remaining unpaid from the previous Distribution Date.

  • Unallocated annuity contract means any annuity contract or group annuity certificate which is not issued to and owned by an individual, except to the extent of any annuity benefits guaranteed to an individual by an insurer under such contract or certificate.

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the amount of cash or other immediately available funds in the Reserve Account (excluding any net investment earnings) on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account on such Payment Date, over (b) the Specified Reserve Account Balance with respect to such Payment Date.

  • Retained Excess Cash Flow Amount means, at any date of determination, an amount, determined on a cumulative basis, that is equal to the aggregate cumulative sum of the Excess Cash Flow that is not required to be applied as a mandatory prepayment under Section 2.11(b)(i) for all Excess Cash Flow Periods ending after the Closing Date and prior to such date; provided that such amount shall not be less than zero for any Excess Cash Flow Period.

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

  • Allocation Period means the period (a) commencing on the date hereof or, for any Allocation Period other than such first Allocation Period, the day following the end of a prior Allocation Period and (b) ending (A) on the last day of each Fiscal Year, (B) on the day preceding any day in which an adjustment to the Book Value of the C.V.’s properties pursuant to clause (b)(i), (ii), (iii) or (v) of the definition of Book Value occurs, (C) immediately after any day in which an adjustment to the Book Value of the C.V.’s properties pursuant to clause (b)(iv) of the definition of Book Value occurs, or (D) on any other date determined by the Managing Partner.

  • Original Pre-Funded Amount The amount deposited by the Depositor in the Pre-Funding Account on the Closing Date, which amount is $36,215,225.

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 2.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • Monthly Principal Reallocation Amount means, for any Monthly Period, an amount equal to the sum of:

  • Excess Aggregate Contributions means, with respect to any Plan Year, the excess of:

  • Subordination Reduction Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the Excess Subordinated Amount and (b) the Net Monthly Excess Cash Flow.

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Required Reserve Fund Amount With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds (ii) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. Provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of LIBOR Certificates has been reduced to zero, the Required Reserve Fund Amount shall be zero.

  • Casualty Amount means five hundred thousand Dollars (USD500,000) (or the equivalent in any other currency);

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Monthly Shared-Loss Amount means the change in the Cumulative Shared- Loss Amount from the beginning of each month to the end of each month.

  • Unpaid Realized Loss Amount With respect to any Class of Subordinated Certificates and as to any Distribution Date, is the excess of (i) the Applied Realized Loss Amounts with respect to such Class over (ii) the sum of (a) all distributions in reduction of such Applied Realized Loss Amounts on all previous Distribution Dates, and (b) the amount by which the Class Certificate Balance of such Class has been increased due to the distribution of any Subsequent Recoveries on all previous Distribution Dates. Any amounts distributed to a Class of Subordinated Certificates in respect of any Unpaid Realized Loss Amount will not be applied to reduce the Class Certificate Balance of such Class.

  • Accumulation Reserve Funding Period shall not apply if the Calculation Agent on behalf of the Issuer notifies the Indenture Trustee that it expects the Accumulation Period Length to be adjusted to one (1) month, and otherwise shall mean a period commencing on the first Distribution Date on which a condition in the right column of the following table was in effect on the immediately preceding Distribution Date, if the Distribution Date is a Distribution Date described in the corresponding left column of the following table, and ending on the Distribution Date immediately preceding the earlier to occur of:

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Replenishment Amount has the meaning assigned to such term in Section 2.06(b).

  • Loan Group Balance As to each Loan Group, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Loan Group that were Outstanding Mortgage Loans at the time of determination.