Working Capital Reserve Fund definition

Working Capital Reserve Fund shall have the meaning assigned to such term in the Mortgage Loan Agreement or such comparable fund as shall be established under this Agreement in accordance with Section 7.1 hereof.
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Working Capital Reserve Fund shall have the meaning assigned to such term in the Paying Agent and Custody Agreement.
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Working Capital Reserve Fund shall have the meaning set forth in Section 7.1 hereof.
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Examples of Working Capital Reserve Fund in a sentence

  • Neither the Company nor any manager or contractor shall be obliged to make any advance or be obliged to incur any costs or expenses for the operation of the Hotel unless there are sufficient funds either from Gross Revenue or the Working Capital Reserve Fund to pay such liabilities.

  • The Working Capital Fund balance will be disclosed on the Balance Sheet as the Working Capital Reserve Fund.


More Definitions of Working Capital Reserve Fund

Working Capital Reserve Fund. The account or accounts created pursuant to Section 4.03, which shall be entitled “Working Capital Reserve Fund, The Bank of New York Mellon, in trust for the NYCTL 1998-2 Trust,” and which shall be an Eligible Account.
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Working Capital Reserve Fund. The account or accounts created pursuant to Section
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Working Capital Reserve Fund. The account or accounts created pursuant to Section 4.03(a) of the 1998-2
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Working Capital Reserve Fund has the meaning set forth in Section 2.2.
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Working Capital Reserve Fund means the Working Capital Reserve Fund established pursuant to Section 5.02.
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Working Capital Reserve Fund means the account retained by the Hotel from Gross Revenue to be used to meet the current working capital financial obligations for operation of the Hotel.
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Related to Working Capital Reserve Fund

  • Capital Reserve Fund means the reserve fund created and established by the Authority in

  • 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.

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

  • Working Capital means, with respect to the Borrower and the Subsidiaries on a consolidated basis at any date of determination, Current Assets at such date of determination minus Current Liabilities at such date of determination; provided, that, for purposes of calculating Excess Cash Flow, increases or decreases in Working Capital shall be calculated without regard to any changes in Current Assets or Current Liabilities as a result of (a) any reclassification in accordance with GAAP of assets or liabilities, as applicable, between current and noncurrent or (b) the effects of purchase accounting.