Capital and Reserves means the aggregate of:

Capital and Reserves means the aggregate of: (i) the amount paid up or credited as paid up on the share capital of the Issuer; and (ii) the total of the capital, revaluation and revenue reserves of the Group, including any share premium account, capital redemption reserve and credit balance on the profit and loss account but excluding sums set aside for taxation and amounts attributable to outside shareholders in Subsidiary Undertakings (as defined below) and deducting any debit balance on the profit and loss account, Back to Contents all as shown in the then latest audited consolidated balance sheet of the Group prepared in accordance with the historical cost convention (as modified by the revaluation of certain fixed assets) for the purposes of the Companies Acx 0000, but adjusted as may he necessary in respect of any variation in the paid up share capital or share premium account of the Issuer since the date of that balance sheet and further adjusted as may be necessary to reflect any change since the date of that balance sheet in the Subsidiary Undertakings comprising the Group and/or as the Auditors (as defined in the Trust Deed) may consider appropriate. A report by the Auditors as to the amount of the Capital and Reserves at any given time shall, in the absence of manifest error, be conclusive and binding on all parties;

Capital and Reserves has the meaning set out in Condition 3;

Examples of Capital and Reserves in a sentence

Distributable Cash shall be determined in the sole discretion of the Manager after withholding sufficient Working Capital and Reserves.
For this contract, EGL will wish to see Capital and Reserves in excess of 25,000 GBP.
If only a small amount of capital is raised, then additional Working Capital and Reserves may need to be accumulated from cash flow during operation of the Asset and any Distributions to the Members may be deferred until such time as sufficient Reserves have been accumulated, at the Manager’s sole discretion.
Proceeds of the Offering that are not used to acquire the Asset will be held in the Series bank account for use as Working Capital and Reserves during operation of the Series.
The certificate of the Auditors for the time being as to the amount of the Adjusted Capital and Reserves at any time shall be conclusive and binding upon all concerned.

More Definitions of Capital and Reserves

Capital and Reserves shall have the meaning set out in Condition 6(f);

Capital and Reserves means the total from time to time of:

Capital and Reserves has the meaning set out in Condition 10;

Capital and Reserves means the amount represented by item K in balance sheet format 1 to the Companies Act 1985;

Capital and Reserves means a sum equal to the aggregate from time to time of:-

Capital and Reserves is defined to mean the aggregate of:

Capital and Reserves means the aggregate of: (i) the amount paid up or credited as paid up on the share capital of the Guarantor; and (ii) the total of the capital, revaluation and revenue reserves of the Group, including any share premium account, capital redemption reserve and credit balance on the profit and loss account, but excluding sums set aside for taxation and amounts attributable to outside shareholders in Subsidiary Undertakings (as defined below) and deducting any debit balance on the profit and loss account, all as shown in the then latest audited consolidated balance sheet of the Group prepared in accordance with the historical cost convention (as modified by the revaluation of certain fixed assets) for the purposes of the Companies Act 1985, but adjusted as may be necessary in respect xx xxx variation in the paid up share capital or share premium account of the Guarantor since the date of that balance sheet and further adjusted as may be necessary to reflect any change since the date of that balance sheet in the Subsidiary Undertakings comprising the Group and/or as the Auditors (as defined in the Trust Deed) may consider appropriate. A report by the Auditors as to the amount of the Capital and Reserves at any given time shall, in the absence of manifest error, be conclusive and binding on all parties;