Legal Reserves definition

Legal Reserves means the legal reserve allocated in accordance with Applicable Law, if any.
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Legal Reserves means the designated reserve allocated from profits of the Company in accordance with the Applicable Law.
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Legal Reserves means reserves set aside from net profits according to the Civil and Commercial Code and the Public Limited Company Act.
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Examples of Legal Reserves in a sentence

  • Capital Reserves and Retained Earnings Subsequent to the first inflation adjusted financial statements, equity items such as; “Capital, Emission Premiums, General Statutory Legal Reserves, Statutory Reserves, Special Reserves and Extraordinary Reserves” are carried at carrying value in the statement of financial position and their adjusted values based on inflation are collectively presented in equity accounts group.

  • Legal Reserves “Share Premiums” in the legal reserve status and legal reserves allocated for specific purposes (participation sales revenue allocated to obtain tax advantage) other than profit distribution allocated within the framework of the related Clause of Turkish Commercial Code are reflected as their recorded amounts.

  • Other activities include establishing a critical mass necessary for leveraging adoption of the required technologies, as well as to foster the creation of facilities for producing seedlings (both native and exotic), with a view to implementing agro forestry systems useful for restoring Areas of Permanent Preservation and Legal Reserves.

  • Moreover, the private sector will provide business development and technical assistance services, supply inputs for agricultural and forestry production, and provide services for financing the adoption of sustainable technologies and the recovery of Areas of Permanent Preservation (APPs) and Legal Reserves (RLs).

  • If for any reason the General Legal Reserves fall below 20% of the paid up capital of the Company, 5% of the net profit of the Company shall be set aside until the General Legal Reserves reach 20%.

  • The debate emphasized that the characterization/delimitation of the Permanent Preservation Areas (APPs – Áreas de Preser- vação Permanente) and Legal Reserves (RL – Reservas Legais), as well as their conservation stage is a challenge.

  • This register contains geo-referenced details of the total area of individual farms, the areas earmarked for alternative land use, Areas of Permanent Preservation (APPs) and Legal Reserves (RLs).

  • Legal Reserves We are involved in various legal proceedings that arise in the ordinary course of our business.

  • NOTE 23 – EQUITY (Continued) Capital Reserves and Retained EarningsSubsequent to the first inflation adjusted financial statements, equity items such as; “Capital, Emission Premiums, General Statutory Legal Reserves, Statutory Reserves, Special Reserves and Extraordinary Reserves” are carried at carrying value in the balance sheet and their adjusted values based on inflation are collectively presented in equity accounts group.

  • These laws regulate the way land owners use their land, and explicitly predetermine the amount of land that a rural property has to preserve for environmental purposes or to maintain uncultivated protecting soils and water streams (usually referred in Brazil as APPs – Permanent Preservation Areas), or to reserve as a precautionary measure to maintain a constant stock of wood and forest resources (also referred in Brazil as RLs – Legal Reserves).


More Definitions of Legal Reserves

Legal Reserves. – shall mean the reserves formed on the basis of shareholder premium (difference between the nominal value and the price of the shares), repurchase of capital (exchanging ordinary shares for priority shares), profit and other sources, the value of which may not be less than 25% of the subscribed capital and the distribution of which is prohibited to the public enterprise the Law on Business Companies (Official Gazette of the Federation of BiH 23/99, 45/00, 2/02, 6/02, 29/03, 68/05 and 91/07);
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Related to Legal Reserves

  • Legal Reservations means the application of relevant Debtor Relief Laws, general principles of equity and/or principles of good faith and fair dealing.

  • Capital Reserves means, for any period and with respect to a Property, an amount equal to (a) $0.05 per square foot times (b) a fraction, the numerator of which is the number of days in such period and the denominator of which is 365. If the term Capital Reserves is used without reference to any specific Property, then the amount shall be determined on an aggregate basis with respect to all Properties of the Trust and its Subsidiaries and a proportionate share of all Properties of all Unconsolidated Affiliates.

  • Total Reserves means, on any day, an amount equal to the sum of: (a) the Yield Reserve, plus (b) the greater of (i) the sum of the Loss Reserve plus the Dilution Reserve and (ii) the sum of the Concentration Reserve plus the Minimum Dilution Reserve.

  • Mineral Reserve means the economically mineable part of a measured or indicated mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified. A mineral reserve includes diluting materials and allowances for losses that may occur when the material is mined.

  • Capital Reserve means for any period and with respect to a Property (other than any Projects Under Development), an amount equal to the product of (i) the gross leaseable area contained in such Property (in square feet), multiplied by (ii) $0.30 per annum.

  • Federal Reserve means the Board of Governors of the Federal Reserve System.

  • Federal Reserve Board means the Board of Governors of the Federal Reserve System.

  • Actuarial reserve means a method of financing a pension or

  • Board of Governors means the Board of Governors of the Federal Reserve System of the United States of America.

  • Regulation Y means Regulation Y of the Board of Governors of the Federal Reserve System, as the same may be in effect from time to time, and any successor regulations.

  • Proven Mineral Reserve means the economically mineable part of a Measured Mineral Resource. A Proven Mineral Reserve implies a high degree of confidence in the Modifying Factors.

  • Probable Mineral Reserve means the economically mineable part of an indicated and, in some circumstances, a measured mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified;

  • NY Federal Reserve s website” means the website of the Federal Reserve Bank of New York (the “NY Federal Reserve”), currently at http://www.newyorkfed.org, or any successor website of the NY Federal Reserve or the website of any successor administrator of the Secured Overnight Financing Rate.

  • PDP Reserves means the Proven Reserves which are categorized as both “developed” and “producing” under the definitions for oil and gas reserves promulgated by the Society of Petroleum Evaluation Engineers (or any generally recognized successor) as in effect at the time in question and reasonably acceptable to the Administrative Agent.

  • Board of Commissioners means a county board of commissioners.

  • NY Federal Reserve’s Website means the website of the NY Federal Reserve, currently at xxxx://xxx.xxxxxxxxxx.xxx, or any successor website of the NY Federal Reserve or the website of any successor administrator of the Secured Overnight Financing Rate.

  • Regulant means any individual, person, firm, corporation, association, partnership, joint venture or

  • FDIC The Federal Deposit Insurance Corporation, or any successor thereto.

  • Working Capital Reserve means a cash reserve held in the Operating Account that is readily available to Manager during the Term to finance the services, repairs and maintenance described in Section 5.2 including Minor Capital Expenditures and Major Capital Expenditures, insurance premiums for the Property described in Section 9.1, and utilities for the Property, in such amounts as determined by the Owner in its sole discretion.

  • Regulated Entity means any entity referred to in Section I of Article L.613-34 of the French Code monétaire et financier as modified by the 20 August 2015 Decree Law, which includes certain credit institutions, investment firms, and certain of their parent or holding companies established in France.

  • PPPFA Regulations means the Preferential Procurement Regulations, 2017 published in terms of the PPPFA.

  • Regulated Entities (REs) means

  • Guidelines means the Instructions to Authors available on the Xxxxxxx Science website, as well as the Aims & Scope applicable to the relevant Xxxxxxx Science publication). Xxxxxxx Science’s nominated service provider, Xxxxxxx Science, offers English language support services which Assignor may elect to utilise in respect of the Work by completing the applicable box in Schedule 1: Details of the Work. The provision of such services by Xxxxxxx Science shall be subject to Xxxxxxx 2 [v.122016] Science’s prevailing terms and rates relating to such type of optional support.

  • OTS The Office of Thrift Supervision.

  • Governors means the governors appointed or elected to the Governing Body of the School, from time to time.

  • Initial Reserve Report means the report prepared by or under the supervision of the chief engineer of the Borrower with respect to certain Oil and Gas Properties of the Borrower and its Restricted Subsidiaries as of December 31, 2018.