Common use of Establishment of Post-Effective Date Reserves Clause in Contracts

Establishment of Post-Effective Date Reserves. On and after the Effective Date, the Liquidation Manager, in an exercise of his business judgment, shall establish and maintain the Post-Effective Date Reserves.

Appears in 2 contracts

Samples: Liquidation Manager Agreement (Franklin Credit Holding Corp/De/), Liquidation Manager Agreement (Franklin Credit Holding Corp/De/)

AutoNDA by SimpleDocs

Establishment of Post-Effective Date Reserves. On and after the Effective Date, the Liquidation Manager, in an exercise of his business judgment, shall may establish and maintain the Post-Effective Date Reserves.

Appears in 2 contracts

Samples: Liquidation Manager Agreement (Franklin Credit Management Corp), Liquidation Manager Agreement (Franklin Credit Holding Corp/De/)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!