Working Capital Reserves definition

Working Capital Reserves means, initially, the portion of the Net Proceeds of the Offering set aside as working capital reserves pursuant to Section 3.3E, as increased or decreased from time to time at the discretion of the General Partners.

Working Capital Reserves means the amount reserved by the Company out of its Gross Operating Income and its proceeds from Capital Transactions each month for the payment of Working Capital Expenses and any other expenses of the Company and its Subsidiaries, the amount of which reserve shall be determined by the Board of Managers in good faith, but which shall be equal to $0 until such time as Whitehall shall have contributed the entire Initial Working Capital Contribution to the capital of the Company.

Working Capital Reserves has the meaning assigned that term in Article I of the Reorganization Plan.

Examples of Working Capital Reserves in a sentence

• In its 2014 Budget, NERC included the deferred rent liability balance – funds that have been received and are being retained to satisfy future liabilities under its lease agreements – as Working Capital Reserves under the definition of “working capital requirement” in the WCOR Policy.

• The Board of Directors may from time to time in its discretion establish reasonable reserves, including Working Capital Reserves.

• The Partnership shall initially set aside Working Capital Reserves for contingencies related to ownership of the Properties in an amount equal to at least 3% of the Gross Proceeds of the Offering.

• If in any fiscal quarter, the General Partner determines that the Working Capital Reserves of the Partnership are in excess of the amount deemed sufficient in connection with the ownership of the Properties and that such Working Capital Reserves may be reduced, the amount of such reduction may be distributed to the Partners and Investors as a portion of the Partnership's Net Cash Flow.

• Upon the Sale or disposition of a Property, any Working Capital Reserves maintained for such Property may be distributed, in the General Partner's discretion, to Partners and Investors or applied as Working Capital Reserves for other Properties.

More Definitions of Working Capital Reserves

Working Capital Reserves has the meaning set forth in Section 3.3(a).

Working Capital Reserves means the amount of reserves set aside for the proper operation of the Partnership from time to time in the sole discretion of the General Partner.

Working Capital Reserves means funds held in reserves which are maintained as working capital for the Company and available for any contingencies relating to the ownership of the Property and the operation of the Company. Amounts held in the Working Capital Reserves may at any time, in the discretion of the Board of Directors, be added to the liquidation proceeds allocable to the respective Shares (depending upon the characterization of such amounts when received by the Company), but may not be otherwise removed from the respective Working Capital Reserves.

Working Capital Reserves means the portion of the Gross Proceeds of the Offering set aside as working capital reserves pursuant to Section 5.6G.

Working Capital Reserves means the reserves retained by the Partnership in the amount indicated under the caption "working capital reserves," or like heading, on the Full Cost Development Budget, as may be increased or decreased by the Management Committee from time to time.

Working Capital Reserves means Partnership funds set aside by the General Partner for working capital reserves for all Partnership expenses, investments, debt payments, capital improvements, replacements or contingencies.

Working Capital Reserves. Those reserves established by the Managing General Partner for the Partnership from Gross Offering Proceeds and, thereafter, from Partnership revenues, including Cash Flow and Sales Proceeds.