Retained Earnings. Prior to the end of the first year of the Term, the Association will develop a plan to spend and/or keep as operating contingency, at the Association’s discretion, its Retained Earnings and will update that plan on an annual basis to reflect amounts actually spent in the past year, use of funds, the current balance of Retained Earnings and any revised plans for future spending of the Retained Earnings. The Association will make its plan publically available and will post its plan and all updates on the Association’s website. The Association will use its best efforts to execute on its plan and shall make expenditures of Retained Earnings in accordance with the plan, as it is updated from time to time. Subject to the foregoing, the Association agrees that Retained Earnings may only be spent on physical improvements to or capital projects within the Community Centre Network or for the direct provision of Programming or services to the public at or from the Jointly Operated Facilities. The Association acknowledges and agrees that the buildings and Fixtures comprising the Entire Facility are and will continue to be owned by the City and Park Board, notwithstanding any contribution of funds (including Retained Earnings and grant revenue) by the Association.
Retained Earnings. Twenty-Five percent (25%) of pre-tax Net Income available for Distributions are to be retained with Borrower.
Retained Earnings. Except as provided in Section 11.1, the Trustees may retain from net income such amounts as they deem necessary to pay the debts and expenses of the Fund, to meet obligations of the Fund, to establish reserves or as they may deem desirable to use in the conduct of its affairs or to retain for future requirements or extensions of the business of the Fund.
Retained Earnings. Retained earnings include the Baloise Group’s undistributed earnings and its profit for the period. Dividends paid to the shareholders of Bâloise Holding Ltd are only recognised once they have been approved by the Annual General Meeting.
Retained Earnings. Borrower will maintain retained earnings as verified by year-end financial statements of not less than $4,000,000.00 so long as the Mortgage Note shall be outstanding or until the Lender and the USDA shall agree to a lesser amount.
Retained Earnings. Represents the adjustment to eliminate RockPile’s historical RockPile retained earnings.
Retained Earnings. The Reserve shows the closing balance from the earning / losses of the company over the year.
Retained Earnings. The profits and losses of the Company for each taxable year shall be determined on an annual basis and shall be available for distribution to the Member(s). The cumulative net amount at any time shall be "Retained Earnings."
Retained Earnings. 16 Section 3.24 Absence of Questionable Payments........................16 Section 3.25
Retained Earnings. 2,402 Other Components of Equity Capital...................................................... 0
