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/)

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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/)

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