Excess Reserves definition

Excess Reserves means the amount of a subdivision's public moneys that exceed the average of a subdivision's annual operating expenses in the immediately preceding three fiscal years.

Excess Reserves has the meaning assigned to that term in Section 3.02(b).

Excess Reserves means the amount of statutory

Examples of Excess Reserves in a sentence

• Excess reserves are those held by the depository institutions in excess of their required reserve balances.

• The approval to increase reserve account funding levels will take into consideration the housing project’s approved budget and the housing project’s ability to support increased reserve account deposits without causing basic rents to exceed conventional rents for comparable units in the area.(k) Excess reserves.

• Excess reserves are remunerated at the lower of either the deposit facility rate, or zero per cent.

• Excess reserves shall also mean the average credit balance for the interest period on the payment system account in the CERTIS system which has been opened for a CERTIS direct participant that is not subject to the minimum reserve requirement.

• Excess reserves shall mean the amount by which the average daily balance on the accounts for holding minimum reserves (point V, item 2) exceeds the minimum reserve requirement (point II and Article 3 of the Decree) over the maintenance period.

More Definitions of Excess Reserves

Excess Reserves means, with respect to each Calculation Period, the amount by which the aggregate Reserve Amounts exceed the Reserve Cap.

Excess Reserves means assets of a health benefit plan less all liabilities

Excess Reserves for any Quarterly Accounting Period means an amount (which shall not be less than zero) equal to The Third Amendment Quota Share of the difference between Statutory Reserves and Economic Reserves, each as determined as of the Last Day of the Current Quarterly Accounting Period.

Excess Reserves means an amount equal to (i) the difference between the Reinsurer’s Quota Share of Statutory Reserves and (ii) Economic Reserves.

Excess Reserves means the amount of outstanding funds in the Reserves after all obligations to be paid out of such Reserves have been satisfied in full.

Excess Reserves means the amount of statutory reserves determined to be redundant by the appointed actuary for life insurance policies whose reserves are calculated under 28

Excess Reserves means the extent to which the actual Damages incurred by the Acquired Companies arising from the Maple Ridge Matter and the Hearthstone Matter, net of actual recoveries arising from the counterclaim of the Acquired Companies with respect to the Hearthstone Matter, when fully satisfied are less than the Reserve Balance.