General Reserve. The Authority maintains a General Reserve in accordance with Section 6(1) of the Law. Under Section 8(b) of the Law, the General Reserve may be maintained at 15% of demand liabilities to provide additional funding, if necessary, for demand liabilities and obligations arising from other business of the Authority. Reserve assets are held predominantly in United States dollars, with minimal holdings in Cayman Islands dollars and British Pound Sterling.
General Reserve. 7.01 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.
General Reserve. Per paragraph 85 of SFAS 5; the conditions for accrual are not “intended to be so rigid that they require virtual certainty before a loss is accrued. They require only that it is probable that an asset has been impaired or a liability has been incurred and that the amount of loss be reasonably estimable”. Applying this statement to CapitalSource’s loan portfolio, it is probable the portfolio will experience some loss prior to maturity although it is not certain to the extent of the loss and to which loans. Therefore, CapitalSource will apply a general reserve to the loans in the portfolio in which there is no measurable impairment. These loans will be assigned a loan rating between 1 and 5, depending on the likelihood of any future impairment. Those loans with a lower loan rating, 1, will be assessed a lower reserve factor than those loans assigned a higher loan rating, up to 5. Specific Reserve-6 Rated Loans
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. (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. "
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. ***. ***. ***. *** Terms represented by this symbol are considered confidential. These confidential terms have been omitted pursuant to a Confidential Treatment Request filed with the Securities and Exchange Commission ("SEC") and have been filed separately with the SEC. EXHIBIT B
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. 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
