Contingency Reserve definition

Contingency Reserve means a reserve established for the protection of policyholders covered by policies insuring munici- pal bonds against the effect of excessive losses occurring during adverse economic cycles.

Contingency Reserve means the sum of all assets minus the sum of all liabilities of a health care corporation, as shown in the annual financial statement filed under section 602.

Contingency Reserve means an additional premium reserve established to protect policyholders against the effect of adverse economic cycles.

Examples of Contingency Reserve in a sentence

• Each Responsible Entity shall develop, review and maintain annually, and implement an Operating Process as part of its Operating Plan to determine its Most Severe Single Contingency and make preparations to have Contingency Reserve equal to, or greater than the Responsible Entity’s Most Severe Single Contingency available for maintaining system reliability.

• Each Responsible Entity, following a Reportable Balancing Contingency Event, shall restore its Contingency Reserve to at least its Most Severe Single Contingency, before the end of the Contingency Reserve Restoration Period, but any Balancing Contingency Event that occurs before the end of a Contingency Reserve Restoration Period resets the beginning of the Contingency Event Recovery Period.

• Each Responsible Entity will have documentation demonstrating its Contingency Reserve was restored within the Contingency Reserve Restoration Period, such as historical data, computer logs or operator logs.

• Each Balancing Authority and each Reserve Sharing Group shall maintain at least half of its minimum amount of Contingency Reserve identified in Requirement R1, as Operating Reserve – Spinning that meets both of the following reserve characteristics.

• Subject to the terms of any Cash Management System and the Loan Compliance Requirements, on each date that Manager provides Owner with a Monthly Report, Manager shall also remit to Owner all funds, if any, that are available in the Project Accounts, after deducting the Management Fee, Leasing Commissions (as defined below) and/or reimbursements due to Manager and any Contingency Reserve or other amounts agreed to from time to time by Owner and Manager.

More Definitions of Contingency Reserve

Contingency Reserve means the reserve established for the protection of policyholders against the effect of losses result- ing from adverse economic cycles.

Contingency Reserve estimating funds necessary to cover any reasonably anticipated capital and operating expenditures in excess of the Annual Plan;

Contingency Reserve means accruals (other than de minimis accruals) for matters of a contingent nature that are generally infrequent or unusual and not in the ordinary course of the Borrower’s or its Subsidiaries’ businesses, excluding reserves for the Borrower’s and its Subsidiaries’ workers’ compensation and bodily injury and property damage programs.

Contingency Reserve means an additional liability reserve established to protect policyholders against the effects of adverse economic developments or cycles or other unforeseen circumstances.

Contingency Reserve means the reserve established under ORS 238.670(1).

Contingency Reserve means contingency reserve as defined in Section 6903 (a) of the New York Insurance Law.

Contingency Reserve means an additional losspremiumpremium reserve, computed on the basis of premiums earned, established to protect policyholders against the effect of adverse economic cycles.