Reserves for Liabilities Clause Samples
Reserves for Liabilities. (a) From and after the Closing, Seller shall maintain cash reserves established in accordance with GAAP and applicable Law or residual interests in its securitizations (with an ascribed value agreed by Seller and Acquirer) which, together with the cash reserves, are adequate to satisfy the Retained Liabilities.
(b) From and after the Closing, ECC shall maintain cash reserves established in accordance with GAAP and applicable Law or residual interests in its securitizations (with an ascribed value agreed by ECC and Acquirer) which, together with the cash reserves, are adequate to satisfy its liabilities.
Reserves for Liabilities. The Escrow Agent shall set aside from its assets and cash-on-hand such additional amount as the Escrow Agent in his absolute discretion determines to be appropriate from time to time in connection with other, unascertained or contingent, liabilities of the Company., including certain salary and employee termination obligations and costs, fees or expenses incurred in connection with the Plan.