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

• Components of Reserve Money = Currency in Circulation + RequiredReserves + Excess Reserves + Deposits of the Private Sector Currency in Circulation refers to notes and coins issued by BNM less the amount held by banking institutions.

• Excess Reserves refer to cash in vaults of the banking institutions and reserves placed by the banking institutions with BNM which are in excess of the required reserves (in the form of clearing and current accounts).

• CRR is the percentage of total deposits which the banks must hold in cash reserves for meeting the depositors’ demand for cash.• Excess Reserves – The reserves over and above the cash reserves are the excess reserves.

• In such case the Debtor shall deposit sufficient Qualifying Assets with a fair market value equal to Excess Reserves (if any) within 3 Local Business Days after receipt of the actuary report.

• The excess of the Adjusted Ending Reserves over the Ending Asset Value, if any, shall be the "Excess Reserves".

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.