General Reserve Sample Clauses
The General Reserve clause establishes a fund or account set aside from profits or revenues to cover unforeseen expenses, future liabilities, or specific financial obligations. Typically, this reserve is created by allocating a portion of annual profits, and it can be used at the discretion of management for purposes such as covering unexpected losses or funding future projects. Its core practical function is to enhance the financial stability and flexibility of an organization by ensuring that resources are available to address contingencies or strategic needs as they arise.
General Reserve. The Authority maintains a General Reserve in accordance with Section 8 of the Law (2008 revision), to provide additional funding if necessary for Demand Liabilities and obligations arising from other business of the Authority. In accordance with section 8 of the Law (2008 revision) the General Reserve shall represent at least 15% of Demand liabilities.
General Reserve. The Cooperative must establish and maintain a general reserve to retain the surplus, if any, for a financial year.
General Reserve. Seventeenth, to a “General Reserve” (or “GR”), which will be used to replenish the Restricted Reserve and Strategic Reserve or disbursed as directed by the VDFI Board with concurrence of the Financial Review Team as described in Sections 3.3.16.8 and 3.3.16.9 or Section 7.2.6, or by the Dispute Resolution Committee through dispute resolution in Section 8.
3.3.17.1. After Year One, if the Restricted Reserve is not funded at the level described in Section 3.3.15, the VFTA Administrator will transfer funds in the General Reserve to the Restricted Reserve to the extent necessary to fully fund the Restricted Reserve.
3.3.17.2. Upon approval by of the VDFI Board with concurrence of the Financial Review Team as described in Sections 3.3.16.8 and 3.3.16.9 or Section 7.2.6, or by the Dispute Resolution Committee through dispute resolution in Section 8, and a report of such decision being provided to the VFTA Administrator in writing, the VFTA Administrator will transfer funds in the General Reserve to the Strategic Reserve or disburse funds held in the General Reserve to the Parties or VDFI Administrator.
General Reserve. The Board of Directors shall establish and maintain a general reserve (the "General Reserve") from time to time in an amount equal to * , including amounts required to fund * , but excluding *, and also excluding * .
General Reserve. (a) On the Closing Date, the General Reserve shall be funded by the Seller up to the Required General Reserve Amount determined on such date.
(b) On each Payment Date, the General Reserve shall be credited up to the Required General Reserve Amount as of the previous Payment Date by application of the Available Distribution Amount after giving effect to payments to any Person or account on such date in accordance with the applicable Priority of Payments.
(c) On each Payment Date, any General Reserve Decrease Amount will be paid to the Seller by application of the Available Distribution Amount in accordance with the applicable Priority of Payments and subject to clause 4(d) of the General Reserve Agreement.
(d) On any Payment Date comprised in the Revolving Period, if the General Reserve Estimated Balance on the immediately preceding Calculation Date is under the Required General Reserve Amount and the Seller has received, in accordance with the General Reserve Deposit Agreement, a notification from the Management Company to that effect, the Seller shall be entitled to credit the General Reserve Account by making a deposit in an amount equal to the General Reserve Increase Amount.
(e) Any amount funded into the General Reserve Account by the Seller will be construed as a cash collateral (gage espèces) for the repayment of any sums due and remaining unpaid under the Class A Notes until the Legal Final Maturity Date.
General Reserve. 3.5.1 Lessee will pay $250 per week , until the Principal Amount is maintained.
3.5.2 Principal Amount: $3,000.
General Reserve. VUG will deduct the following amounts (the "GENERAL RESERVE") against (i) returns, (ii) price protections, and (iii) post-sale markdowns extended by VUG to its customers in the normal course (collectively (i), (ii) and (iii), the "AUTHORIZED DEDUCTIONS") in the amount of *** of Gross Sales Revenues with respect to all Non-PC Partner Products and *** with respect to all PC Partner Products. ***. ***. ***. EXHIBIT B
1. AUTHORIZED CHANNEL(S):
1.1 Retail (including all rental revenue); and
1.2 Direct-to-consumer (including receiving orders over the Internet, but delivering on a physical, packed-goods basis).
2. LICENSED TERRITORY: United States and Canada.
General Reserve. (a) Accrual of the General Reserve. UNIVERSAL shall be entitled to accumulate and maintain a cash reserve in the amounts set forth below in this Section 6.8(a) (subject to the provisions of paragraphs (b) and (c) below) which reserve shall be deducted from the amounts UNIVERSAL owes to Interplay and held by UNIVERSAL in dedicated account (the "General Reserve"). The General Reserve will be applied by UNIVERSAL to recover undisputed amounts owed to UNIVERSAL pursuant to Section 6.5 inclusive during the Term (and upon the expiration or termination of this Agreement). From September 1, 2001, through September 1, 2002 UNIVERSAL's will be entitled to set aside in the General Reserve *** percent (***%) of Monthly Gross Sales (as defined below) accrued in such fiscal months and *** % of the of Monthly Gross Sales accrued in such fiscal months thereafter until the expiration or termination of this Agreement. "Monthly Gross Sales" means the aggregate Price of all Products ties units shipped by UNIVERSAL during such fiscal month.
General Reserve. A General Allowance for Doubtful Accounts shall be maintained for all accounts, including Intercompany accounts and notes receivable accounts, for which no specific allowance is provided. [*****]
General Reserve. Seventeenth, to a “General Reserve” (or “GR”), which will be used to replenish the Restricted Reserve and Strategic Reserve or disbursed as directed by the VDFI Board as described in Sections 3.3.16.8 and 3.3.16.9 or Section 7.2.6, or by the Dispute Resolution Committee through dispute resolution in Section 8.
3.3.17.1. After Year One, if the Restricted Reserve is not funded at the level described in Section 3.3.15, the VFTA Administrator will transfer funds in the General Reserve to the Restricted Reserve to the extent necessary to fully fund the Restricted Reserve.
3.3.17.2. Upon approval by of the VDFI Board as described in Sections 3.3.16.8 and 3.3.16.9 or Section 7.2.6, or by the Dispute Resolution Committee through dispute resolution in Section 8, and a report of such decision being provided to the VFTA Administrator in writing, the VFTA Administrator will transfer funds in the General Reserve to the Strategic Reserve or disburse funds held in the General Reserve to the Parties or VDFI Administrator.