GAAP Reserve definition

GAAP Reserve means the following reserves or reserves equivalent or similar thereto established and a maintained by API on its consolidated balance sheet in conformity with GAAP; (1) the "Advertising Reserve", (2) the "Cash Discount Reserve", (3) the "Promotional Reserve" to the extent that any item therein can result in a net reduction in the Unpaid Balance of the Receivables Pool, and the "Volume Rebate Reserve".
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GAAP Reserve has the meaning set forth in Section 2(j)(ii)(C) below. “Hazardous Substance” means any substance regulated under or defined by Environmental, Health, and Safety Laws, including, but not limited to, any pollutant, contaminant, hazardous substance, hazardous constituent, hazardous waste, special waste, solid waste, industrial waste, petroleum derived substance or waste, or toxic substance. “Hermetic” has the meaning set forth in Section 7(f) below. “Hermetic Payment” has the meaning set forth in Section 7(f) below. “Hermetic Pump Business” has the meaning set forth in Section 7(f) below. “Hermetic Pump Revenues” has the meaning set forth in Section 7(f) below. “Illinois Act” shall mean the Illinois Business Corporation Act of 1983, as amended. “Indebtedness” means (i) all indebtedness for borrowed money or for the deferred purchase price of property or services (including, without limitation, reimbursement and all other obligations with respect to surety bonds, letters of credit and bankers’ acceptances, whether or not matured, but excluding all accounts payable and accruals), including the current portion of such indebtedness, (ii) all obligations evidenced by notes, bonds, debentures or similar instruments, and (iii) all capital lease obligations. “Indemnification and Release Agreement” has the meaning set forth in Section 5(a)(x) below. 4 “Indemnified Party” has the meaning set forth in Section 8(d) below. “Indemnifying Party” has the meaning set forth in Section 8(d) below. “Intellectual Property” means, with respect to the Business:
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GAAP Reserve means a reserve against the TNFI Borrowing Limit and/or the Overall Borrowing Limit for reserves against Accounts in accordance with GAAP.
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Examples of GAAP Reserve in a sentence

  • The parties agree that the assets so deposited with respect to this Agreement shall be valued according to their current market value and shall be equal to the GAAP Reserve, but not less than zero, as calculated on a quarterly basis within thirty (30) days after the end of each calendar quarter.

  • The Ceding Company shall credit the Reinsurer with the Reinsurer’s share of the change in the GAAP Reserve, as described in Section 14.02, and a quarterly reinsurance premium of 0.00085 times the retained net amount at risk on the quarterly Settlement Date.

  • The Funds Withheld Investment Credit shall be a quarterly amount equal to 1.8244601% (7.5% effective annual yield rate) of the GAAP Reserve Held as of the immediately preceding Settlement Date, if positive.

  • The amount by which Gross Receipts were overstated for any reason (e.g., for returns of Video Devices, refunds of advances or security deposits included in Gross Receipts) is less than the GAAP Reserve established by Distributor pursuant to the amendment to Section 8.6(b).


More Definitions of GAAP Reserve

GAAP Reserve as used in this Agreement with ------------ respect to the Policies, means (a) + (b) + (c) where:
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