Working Capital Reserve Replenishment Cap definition

Working Capital Reserve Replenishment Cap shall have the meaning given in the Custodial and Paying Agency Agreement.
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Working Capital Reserve Replenishment Cap means the maximum amount to be maintained in the Working Capital Reserve at any point in time, which amount initially will be $24,000,000 and thereafter, once the initial balance of the Working Capital Reserve Account (before any replenishment) falls to an amount less than $15,000,000, will be $15,000,000.
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Working Capital Reserve Replenishment Cap means $5,000,000.
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Examples of Working Capital Reserve Replenishment Cap in a sentence

  • The Company may fund the Working Capital Reserve Account with Asset Proceeds in accordance with the terms of the Custodial and Paying Agency Agreement and must maintain certain deposit amounts to comply with the Working Capital Reserve Floor, the Working Capital Reserve Target and Working Capital Reserve Replenishment Cap established under the Custodial and Paying Agency Agreement.

  • The Company may fund the Working Capital Reserve Account with Loan Proceeds in accordance with the terms of the Custodial and Paying Agency Agreement and must maintain certain deposit amounts to comply with the Working Capital Reserve Replenishment Cap and Working Capital Reserve Floor established under the Custodial and Paying Agency Agreement.

  • In connection with any such requested change to the Working Capital Reserve Floor or the Working Capital Reserve Replenishment Cap, the Initial Member shall have the right to receive (and the Manager shall promptly comply with any reasonable request for) any additional relevant information as it may deem necessary or advisable for evaluating such request and related Working Capital Reserve levels (and compliance thereof with the requirements herein).

  • Any such requested change to any of the Working Capital Reserve Floor or the Working Capital Reserve Replenishment Cap shall be effective upon, and subject to, receipt by the Manager of an applicable express approval in writing from the Initial Member.


More Definitions of Working Capital Reserve Replenishment Cap

Working Capital Reserve Replenishment Cap means $2,000,000.00, or, in the event of an applicable written approval from the Initial Member pursuant to Section 12.11(b) of the LLC Operating Agreement, such other amount as may be applicable pursuant to such written approval.
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Related to Working Capital Reserve Replenishment Cap

  • Working Capital Reserve means a cash reserve held in the Operating Account that is readily available to Manager during the Term to finance the services, repairs and maintenance described in Section 5.2 including Minor Capital Expenditures and Major Capital Expenditures, insurance premiums for the Property described in Section 9.1, and utilities for the Property, in such amounts as determined by the Owner in its sole discretion.

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