Working Capital Operating Reserve definition

Working Capital Operating Reserve means a reserve for the working capital and other needs of the Company and/or any Property Company. The parties acknowledge that any Working Capital Sale Reserve that is established pursuant to the sale of the Assets shall be separate and apart from the Working Capital Operating Reserve and, without limitation of the foregoing, the funds determined to be placed in any such Working Capital Sale Reserve shall not, unless otherwise reasonably determined by NS Managing Member, reduce the funds that shall remain in the Working Capital Operating Reserve.
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Working Capital Operating Reserve means a reserve for the working capital and other needs of the Company and/or any OpCo Company. The parties acknowledge that any Working Capital Sale Reserve that is established pursuant to the sale of the Assets shall be separate and apart from the Working Capital Operating Reserve and, without limitation of the foregoing, the funds determined to be placed in any such Working Capital Sale Reserve shall not, unless otherwise reasonably determined by NS Managing Member, reduce the funds that shall remain in the Working Capital Operating Reserve.
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Examples of Working Capital Operating Reserve in a sentence

  • Total Desired Working Capital, Operating Reserve and Assessment Stabilization Reserve at 12/31/2018: $7,475,734.

  • The permit area is currently primarily endangered species preserve adjacent to urban development.

  • The target reserve balances as follows:o Emergency Repair Reserve Target Balance $2,000,000-$4 million total all fundso Rate Stabilization Reserve Target Balance 10% of total operating revenues in each fundo Working Capital Operating Reserve 3-6 months expenditures Summary of Economic Factors in 2021: CPI-U = 7%, Colorado Min Wage increases 1.19% Summary of Proposed Fee Increases: Overall, the 2022 Budgets include an increase in total residential fees of $18.13/mo.

  • The target reserve balances as follows:o Emergency Repair Reserve Target Balance $2-$4 million total for all fundso Rate Stabilization Reserve Target Balance 10% of total operating revenues in each fundo Working Capital Operating Reserve 3-6 months expenditures• Summary of Economic Factors in 2022: CPI-U = 8%, Colorado Min Wage increases 1.87% include an increase in total residential fees of $14.89/mo.

  • The District maintains four formal reserves related to its water enterprises, a General Working Capital (Operating) Reserve, a Rate Stabilization Reserve, an Infrastructure Planning (Long- Term CIP) Reserve, and an Appropriated Expenses (Current CIP) Reserve.

  • For reporting purposes, the Fire Authority has consolidated its Working Capital Operating Reserve Fund and Investment Fund into the General Fund.Debt Service Fund This fund is used to account for the financial resources that are restricted, committed, or assigned to expenditures for principal, interest and related costs on general long-term debt.

Related to Working Capital Operating Reserve

  • Working Capital Reserve shall have the meaning set forth in the Partnership Agreement.

  • Working Capital Escrow Amount means $500,000.

  • Working Capital Deficit means the amount by which the Net Working Capital is less than the Target Net Working Capital.

  • Working Capital Target has the meaning set forth in Section 1.3(b).

  • Working Capital Advance has the meaning specified in Section 2.01(c).

  • Working Capital Facility means, at any time, the aggregate amount of the Working Capital Lenders' Working Capital Commitments at such time.

  • Working Capital Amount shall have the meaning specified in Section 3.4(e).

  • Final Working Capital has the meaning set forth in Section 2.4(b)(iii).

  • Working Capital Assets means the current assets of Company and its Subsidiaries as of the Effective Time (including all Cash and Cash Equivalents), each determined in accordance with Accounting Principles but excluding all Tax assets; provided, however, in no event shall any accounts receivable relating to item #3 (System Gain/Loss) on Schedule 4.5 be included as a current asset of the Company or its Subsidiaries.

  • Net Working Capital means, at any time, Consolidated Current Assets at such time minus Consolidated Current Liabilities at such time.

  • Working Capital Loan has the meaning specified in Section 2.1(c).

  • Working Capital Units shall have the meaning given in the Recitals hereto.

  • Net Working Capital Target means $0.00.

  • Working Capital Adjustment shall have the meaning set forth in Section 3.5(c)(i).

  • Working Capital Adjustment Amount has the meaning set forth in Section 2.1(b)(ii). Section 1.2

  • Working Capital means Current Assets less Current Liabilities.

  • Target Working Capital has the meaning set forth in Section 2.06(a)(ii).

  • Working Capital Surplus means the amount by which the Working Capital is greater than the Target Working Capital Amount.

  • Base Working Capital means $25,000,000.

  • Net Working Capital Amount means, with respect to a Participating McNeil Partnership, the excess of the Positive Excess Cash Balance of such Participating McNeil Partnership over the cash on hand of such Participating McNeil Partnership immediately prior to the Effective Time.

  • Working Capital Borrowings means borrowings incurred pursuant to a credit facility, commercial paper facility or similar financing arrangement that are used solely for working capital purposes or to pay distributions to the Partners; provided that when such borrowings are incurred it is the intent of the borrower to repay such borrowings within 12 months from the date of such borrowings other than from additional Working Capital Borrowings.

  • Actual Working Capital has the meaning set forth in Section 2.7(a).

  • Net Working Capital Adjustment Amount means an amount, which may be a positive or negative number, equal to the Net Working Capital as of the Effective Time minus the Net Working Capital Threshold.

  • Working Capital Loans means any loan made to Acquiror by any of the Sponsor, an Affiliate of the Sponsor, or any of Acquiror’s officers or directors, and evidenced by a promissory note, for the purpose of financing costs incurred in connection with a Business Combination.

  • Estimated Working Capital has the meaning set forth in Section 2.3(a).

  • Target Working Capital Amount means $162,000,000.