general provision definition
general provision means a loss reserve held against future and presently unidentified losses, and which is freely available to meet losses which subsequently materialise;
general provision means a sum totalling a minimum of US$100,000 after deduction, in a manner consistent with past practices, of the Bad Debts as at July 31, 1999 with respect to Accounts Receivable recorded before July 31, 1999 and relating to sales made prior to July 30, 1999 but including a specific provision on doubtful accounts determined in a manner consistent with past practices. Notwithstanding anything to the contrary contained herein, any additional discretionary write-offs of equipment by the Purchaser shall not be utilised as part of the Pre-Tax Earnings calculation described above.
general provision means an overall amount of provision accumulated from and charged on both on- and off-balance sheet assets with predetermined provisioning rates based on the overall risks in the financial industry or in the banking activities.
More Definitions of general provision
general provision means a loss reserve held against future and presently unidentified losses and
general provision means a loss reserve held against future, presently unidentified losses and is thus freely available to meet losses which subsequently materialize;
general provision means a provision in the Provisioning Account into which such amounts in respect of (i) potential creditors of the Issuer relating to this Series and/or (ii) Series Sundry Expenses as are required by the Issuer and/or the Series Security SPV to be paid into this provision are transferred on a Payment Date; provided that when such amounts become due and payable, such amounts standing to the credit of this provision will be transferred, on the relevant Payment Date, to the Transaction Bank Account;
general provision. Interest cease to accrue Interest will cease to accrue on any part of the Principal Amount Outstanding of a Note from the Scheduled Redemption Date unless, upon due presentation, payment of principal is improperly withheld or refused or default is otherwise made in the payment thereof, in which case it will continue to bear interest in accordance with this Condition (as well after as before judgement) until whichever is the earlier of (i) the day on which all sums due in respect of such Note up to that day are received by or on behalf of the relevant Noteholder and (ii) the day which is seven days after the Principal Paying Agent or the Note Trustee has notified the relevant Noteholders either in accordance with Condition 15 or individually that it has received all sums due in respect of the relevant notes up to such seventh day (except to the extent that there is any subsequent default in payment).
general provision means the provision for assets classified as pass, not including provisions for assets classified as pass which the commercial bank has included in its specific provision
general provision a general provision standing as a charge against the consolidated profit of the Company and its Subsidiaries and included in the balance sheet of the Company and the Subsidiaries in the sum of £55,000