Working Capital Reserve Amount definition

Working Capital Reserve Amount has the meaning set forth in the definition of Working Capital Budget.
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Working Capital Reserve Amount means, as of any date of determination, an amount determined by the Manager to be retained in a Concentration Account for working capital expenses not to exceed in the aggregate for all Concentration Accounts the greater of (i) $5,000,00015,000,000 and (ii) 1.02.0% of the aggregate Retained Collections for the preceding four (4) Quarterly Collection Periods. For the avoidance of doubt, the Working Capital Reserve Amount is exclusive of the Contributed Restaurant Working Capital Reserve Amount.””
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Working Capital Reserve Amount means, as of any date during any period set forth below, an amount equal to the amount set forth below opposite such period: Period Working Capital Reserve Amount The Issue Date through and including December 31, 2012 $100,000,000 January 1, 2013 through and including December 31, 2013 $75,000,000 January 1, 2014 through and including December 31, 2014 $50,000,000 January 1, 2015 through and including the Fiscal Quarter ending on the Final Maturity Date of the B Notes $25,000,000
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Examples of Working Capital Reserve Amount in a sentence

  • For the avoidance of doubt, the Working Capital Reserve Amount is exclusive of the Contributed Restaurant Working Capital Reserve Amount.

  • The Working Capital Reserve Amount shall remain in the Working Capital Escrow Account until the Merger Consideration is finally determined in accordance with Section 4.1(c).


More Definitions of Working Capital Reserve Amount

Working Capital Reserve Amount means, as of any date of determination, an amount determined by the Manager to be retained in a Concentration Account for working capital expenses not to exceed in the aggregate for all Securitized Company Restaurant Accounts the greater of (i) $5,000,000 and (ii) 10% of the aggregate Retained Collections for the preceding four (4) Quarterly Collection Periods; provided that amounts transferred by the Master Issuer to a Concentration Account from the Residual Amount will not be included in such calculation.
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Working Capital Reserve Amount and, together with the Indemnity Reserve Amount, the “Reserve Amounts”) in an account (the “Working Capital Escrow Account” and, together with the Indemnity Escrow Account, the “Escrow Accounts”) with the Escrow Agent. The Working Capital Reserve Amount shall remain in the Working Capital Escrow Account until the Merger Consideration is finally determined in accordance with Section 4.1(c).
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Related to Working Capital Reserve Amount

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

  • Working Capital Escrow Amount means $500,000.

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

  • Reserve Amount means, for any Payment Date, the amount of cash or other immediately available funds in the Reserve Account on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account on such Payment Date.

  • Capital Reserve means for any period and with respect to a Property (other than any Projects Under Development), an amount equal to the product of (i) the gross leaseable area contained in such Property (in square feet), multiplied by (ii) $0.30 per annum.

  • 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).

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

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

  • Required Reserve Amount means, with respect to any Payment Date, the lesser of (a) 0.25% of the difference of the Aggregate Starting Principal Balance less the Yield Supplement Overcollateralization Amount as of the applicable Cutoff Date of all Receivables transferred to the Trust and (b) the Outstanding Amount of the Notes.

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

  • Requisite Reserve Amount As of any date with respect to any Series (or Class within such Series), the amount, if any, required to be maintained in the Reserve Account, if any, for such Series or Class as specified in or determined pursuant to the related Supplement.

  • 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.

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

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

  • 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.

  • Capital Reserves means, for any period and with respect to a Property, an amount equal to (a) $0.05 per square foot times (b) a fraction, the numerator of which is the number of days in such period and the denominator of which is 365. If the term Capital Reserves is used without reference to any specific Property, then the amount shall be determined on an aggregate basis with respect to all Properties of the Trust and its Subsidiaries and a proportionate share of all Properties of all Unconsolidated Affiliates.

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

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

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

  • Working Capital means Current Assets less Current Liabilities.

  • Target Net Working Capital Amount means $0.

  • Working Capital Lender means any Lender that has a Working Capital Commitment.

  • 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.

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