Additional Reserves Sample Clauses

Additional Reserves. If Land in excess of the Band's Equity Quantum is Purchased, such Land may be set apart as a Reserve at the sole discretion of Canada under its Additions to Reserves Policy as amended from time to time.

Additional Reserves. If there is a default or Event of Default hereunder, or if Lender deems it prudent to require additional Reserves during the term of the Loan, Lender shall have the right to require Borrower to deposit additional Reserves with Lender on each Payment Date. Borrower shall commence paying such additional Reserves on the next Payment Date. All such Reserves, and the rights and obligations of Lender and Borrower in connection therewith, shall be governed by this Article IV and the Reserve Agreement.

Additional Reserves. “Additional Reserves” means the additional mining reserves at the Quarry in the 23-acre ▇▇▇▇▇▇ Parcels and the paper street rights-of-way within the boundaries of the Mining Area.

Additional Reserves. Nothing herein shall prevent the Company from increasing position assignments for reserve coverage in excess of the seven percent (7%) as set forth in Article Cancellation of Review A Review may be cancelled by the prior to but not on or after the bid closing date. A subsequent Review will be posted during the same period or as soon as possible thereafter with respect to necessary time periods required between posting and closing dates as detailed elsewhere in Article A regular vacancy is created as a result of an insufficient number of pilots assigned to a position. A reduction exists whenever the number of pilots currently assigned to a position plus any vacancies existing for that position are in excess of the number of pilots required. A forced reduction is a reduction that must be assigned, in reverse order of seniority, as a result of reductions remaining during the bid process. Only pilots who are forced to take such reductions will be deemed to be "forced to reduce" from their position. A subsequent vacancy or reduction is a vacancy or reduction (as defined above in and 25.03.03) created as a result of a change in a pilot's awarded position during a bid award and will not be posted but automatically during the bid award process. Vacancies and reductions will be posted on all Article Bulletin Boards following each Review showing reasons and dates as applicable. While vacancies are normally posted after they have occurred, retirements and surplus (planned furloughs) can be posted up to one year in advance. Posting of vacancies and reductions must take place in adequate time so as to ensure that the closing date will not be less than fifteen (15) days or two (2) days longer than the longest pairing in the system, whichever is greater, from the date of posting. The closing date for all vacancies and reductions shall be chosen to fall within the next available Bid Period as detailed in Article and will be announced with the release of the next Review.

Additional Reserves. Appropriate additional reserves may be determined and charged to the Managing Members for contingent liabilities, if any, and as agreed to by the Managing Members as of the date any such contingent liability becomes known to the PDA management or either Managing Member, and such other reserves determined and agreed to by the Managing Members; provided, however, that any such reserves shall be charged to the Managing Members pro rata based on their respective Membership Interests.

Additional Reserves. In the event that Lender at any time determines that the Reserves then being maintained pursuant to the Management Agreement are inadequate, Lender may require, in Lender's sole but good faith discretion, that Borrower establish or increase the amount of any reserves that Lender determines to be necessary or appropriate, provided that Lender shall provide Borrower with a reasonably detailed explanation of Lender's determination. All Reserves shall be maintained in cash (and not merely through accounting entries) and shall be held by Lender or by Manager pursuant to the Management Agreement. Lender shall have the right to approve in advance any use of the Reserves, in Lender's sole, but good faith discretion, except to the extent that Borrower does not have the right to approve the use of the Reserves pursuant to the Management Agreement.

Additional Reserves. In addition to contributed capital and established reserve funds, or any other capital accounts that may exist in accordance with the law or generally accepted accounting principles, the Corporation may create, with the prior consent of the Shareholders’ Meeting in accordance with Article 16(II) of this Charter and By-laws, additional capital reserve accounts. The amounts in such accounts may not be reduced or distributed in any way except with the consent of the Shareholders’ Meeting. The capital reserve accounts shall be considered a diminution of the losses, if any, for the determination of a diminution of the contributed capital as established in Article 264 of the Commercial Code.

Additional Reserves. (a) On the date hereof each Borrower identified on Schedule 13 shall deposit with Lender the amount of the Additional Reserve listed opposite such Borrower's name on Schedule 13 (each such deposit, an "ADDITIONAL RESERVE FUND"); provided, however, that in lieu of any Additional Reserve Fund, the applicable Borrower may deliver to Lender a Letter of Credit (an "ADDITIONAL RESERVE L/C") in a face amount equal to such Borrower's required Additional Reserve Fund. (b) After the date hereof any such Borrower shall have the option at any time, provided no Event of Default then exists, to deliver to Lender a Letter of Credit in a face amount equal to the amount then in such Borrower's Additional Reserve Fund (also, an "ADDITIONAL RESERVE L/C"). Upon delivery to Lender of any such Additional Reserve L/C, Lender shall return to the applicable Borrower the funds then on deposit in such Borrower's Additional Reserve Fund. (c) If at any time the issuer of an Additional Reserve L/C ceases to be an Approved Bank, the applicable Borrower shall, within 30 days after request by Lender, deliver to Lender a new Additional Reserve L/C issued by an Approved Bank (or immediately available funds in such amount for deposit into the applicable Additional Reserve Fund), whereupon Lender shall return the original Additional Reserve L/C in question to the applicable Borrower. (d) If a Borrower fails to comply with the provisions of Section 4.17(c), or if at any time an Additional Reserve L/C is not replaced or renewed at least 30 days prior to its date of expiration, Lender may draw on such Additional Reserve L/C and the proceeds thereof shall be deposited into the applicable Additional Reserve Fund. (e) If for any reason an Additional Reserve L/C shall expire without a replacement Additional Reserve L/C having been delivered to Lender, the applicable Borrower shall, within 5 days after demand, deliver to Lender a new Additional Reserve L/C (or immediately available funds in such amount for deposit into the applicable Additional Reserve Fund). (i) Additional Reserve No. 1 shall be released to Plaza West Covina LLC ("COVINA BORROWER") within 30 days after Covina Borrower delivers to Lender a request therefor accompanied by a written confirmation from the Redevelopment Agency of the City of West Covina (the "COVINA AGENCY") reasonably acceptable to Lender that no sums are due from Covina Borrower to Covina Agency with respect to the matters referred to in paragraph number 5 of the estop...

Additional Reserves. 52 Section 7.17 Four Party Agreement..................................... 52 Section 7.18 Environmental Insurance.................................. 52 Section 7.19 General Partner Net Worth................................ 52 SECTION 8 NEGATIVE COVENANTS................................................ 52