ÀÖÌìÌÃappÏÂÔØ

Manager Reserves definition

Manager ReservesÌýmeans, at any date, amounts that have been designated by the Manager on behalf of the Borrower and the Restricted Subsidiaries in accordance with any Management Agreement as reserved for use by the Borrower and the Restricted Subsidiaries at such times when Revolving Credit Borrowings cannot be made, including, without limitation, amounts reserved for the Working Capital Requirement (as defined in the Management Agreements) or under the Reserve Fund (as defined in the Management Agreements); provided that Manager Reserves shall not at any time exceed $16,000,000.
Source 1Source 2

Examples of Manager Reserves in a sentence

  • In 2017, the City now has a Reserves Department, with a Reserves Manager, Reserves Planning Officer, Natural Reserves Coordinator, Reserves Fire Officer, Natural Reserves Leading Hand and four full time Natural Reserves Maintenance Workers.

  • Minera Florida Marco Antonio Alfaro Sironvalle, P.Eng., Ph.D. Eng., MAusIMM, Registered Member of Chilean Mining Commission, Corporate Manager, Reserves, Yamana Gold Inc.

  • The Unrestricted Fund Manager Budget Plans for the FYâ€�17â€�18 fiscal year reveal a plan generate $2,117,893 and a plan to spend $3,371,607 which will result in a spend against the Fund Manager Reserves of $1,253,714.The estimated remaining balance in the Fund Manager Reserve will be$225,130 at the end of the fiscal year.

  • The Area Manager Reserves have full right to accept or reject any tender without assigning any reason thereof.

  • Marco Antonio Alfaro Sironvalle, P.Eng., Ph.D. Eng., MAusIMM, Registered Member of Chilean Mining Commission, Corporate Manager, Reserves, Yamana Gold Inc.

  • Further Trust staff attend as appropriate including: Sales Company Manager; Reserves Manager; People & Wildlife Manager; Fundraising Officer.

  • NPPRAM- Reserve office): the National Accounting Manager Reserves.

  • Railway Manager Reserves right to reject any or all the tenders without assigning any reasons or to accept any of the tenders though may not be necessary the highest.

  • Executive Officers: Manager Reserves and Reserves Officers.Nominations: Open to all Councillors | Membership: 2 Elected Members, Maximum 2 Elected Members.

  • The General Manager Reserves the right to terminate the contract at anytime during its currency without assigning any reason thereof by giving thirty daysâ€� notice in writing to the Tenderer (s) at their last known address without assigning any reason for such termination.

Related to Manager Reserves

  • 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.

  • Availability Reserves means, without duplication of any other Reserves or items that are otherwise addressed or excluded through eligibility criteria, such reserves as the Agent from time to time determines in its discretion as being appropriate (a) to reflect the impediments to the Agent’s ability to realize upon the Collateral, (b) to reflect claims and liabilities that the Agent determines may need to be satisfied in connection with the realization upon the Collateral, (c) to reflect criteria, events, conditions, contingencies or risks which the Agent believes in good faith could adversely affect any component of the Borrowing Base, or the assets, business, financial performance or financial condition of any Loan Party, or (d) to reflect that a Default or an Event of Default then exists. Without limiting the generality of the foregoing, Availability Reserves may include, in the Agent’s discretion, (but are not limited to) reserves based on: (i) rent; (ii) customs duties, and other costs to release Inventory which is being imported into the United States; (iii) outstanding Taxes and other governmental charges, including, without limitation, ad valorem, real estate, personal property, sales, claims of the PBGC and other Taxes which may have priority over the interests of the Agent in the Collateral; (iv) salaries, wages and benefits due to employees of any Borrower, (v) Customer Credit Liabilities, (vi) customer deposits, (viii) reserves for reasonably anticipated changes in the Appraised Value of Eligible Inventory between appraisals, (viii) warehousemen’s or bailee’s charges and other Permitted Encumbrances which may have priority over the interests of the Agent in the Collateral, (ix) amounts due to vendors on account of consigned goods, (x) Cash Management Reserves, (xi) Bank Products Reserves and (xii) royalties payable in respect of licensed merchandise.

  • Operating Reserve means generation capacity or load reduction capacity which can be called upon on short notice by either Party to replace scheduled energy supply which is unavailable as a result of an unexpected outage or to augment scheduled energy as a result of unexpected demand or other contingencies.

  • Total Reserves means, at any time of determination, an amount equal to the product of (i) the sum of: (a) the Yield Reserve Percentage, plus (b) the greater of (I) the sum of the Concentration Reserve Percentage, plus the Minimum Dilution Reserve Percentage and (II) the sum of the Loss Reserve Percentage, plus the Dilution Reserve Percentage, times (ii) the Net Receivables Pool Balance at such time.

  • road reserve means the area contained within the statutory width of a road, and includes roadways, shoulders and sidewalks and the airspace above such roadways, shoulders and sidewalks and all other areas within the road reserve boundary;