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 set forth in Section 7.1 hereof.
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Working Capital Reserve Fund has the meaning set forth in Section 2.2.
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Examples of Working Capital Reserve Fund in a sentence

  • The restricted cash of the Working Capital Reserve Fund may be accessed for cash flow purposes over the course of a given year, but must be replenished prior to the Museum’s fiscal year end, except as otherwise approved by ASM in accordance with the funding agreement.

  • The Working Capital Reserve Fund reports the assets, liabilities, revenues and expenses restricted for the purpose of providing the Museum with a working capital reserve.

  • Investment income on investments held in the Special Projects Fund and the Working Capital Reserve Fund is recorded as income in the General Fund.

  • Based on the terms and conditions of this funding agreement, the Museum must continue to maintain the $500,000 of restricted cash in the Working Capital Reserve Fund at the end of each fiscal year, in perpetuity.

  • Under the funding agreement, ASM had provided a total of$500,000 to establish a Working Capital Reserve Fund.

  • Other Restricted Funds consists of Special Projects Fund and the Working Capital Reserve Fund.

  • Upon information and belief, all Defendants, either individually and/or acting by and through their principals, officers, agents, employees and other active, conscious and dominant forces behind their activities have committed the acts complained of herein in interstate commerce.

  • The portfolio 5P3.4 notes that there is a Working Capital Reserve Fund to mitigate risks with building projects or needs.

  • If the amount of the Merger Consideration decrease exceeds the Working Capital Reserve Fund, then the SNIH Stockholders, will pay the difference to the Company, severally, not jointly, in accordance with their SNIH Ownership Proportion (as defined in the Merger Agreement), in immediately available funds within twenty (20) days of a final determination.

  • Fund accounting: The Museum follows the restricted fund method of accounting for contributions.Revenue and expenses related to program and project delivery and administrative activities are reported in the General Fund.The Properties Fund includes transactions related to the funding and acquisition of the Museum’s properties, including artefacts donated to the Museum.Other Restricted Funds consists of Special Projects Fund and the Working Capital Reserve Fund.


More Definitions of Working Capital Reserve Fund

Working Capital Reserve Fund means the Working Capital Reserve Fund established pursuant to Section 5.02.
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Related to Working Capital Reserve Fund

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

  • 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 Escrow Amount means $500,000.

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

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

  • 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.

  • Principal Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.08 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York in trust for registered Holders of CWABS, Inc., Asset-Backed Certificates, Series 2006-22". Funds in the Principal Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • 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.

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

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

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.

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

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

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

  • Carryover Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 4.07 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York in trust for registered Holders of CWABS, Inc., Asset-Backed Certificates, Series 2006-22". Funds in the Carryover Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

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

  • Investment Capital Expenditures means capital expenditures other than Maintenance Capital Expenditures and Expansion Capital Expenditures.

  • 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.

  • Working Capital means Current Assets less Current Liabilities.

  • Replacement Reserve Fund shall have the meaning set forth in Section 7.3.1 hereof.

  • Initial Reserve Account Deposit means $3,000,000.

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

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).