Positive Balance definition

Positive Balance means monies including interest earned on all premium payments by all members to the Group and other earned and accrued income of the Group which shall accrue to the benefit of the Group in a fund year in excess of the amount necessary to fund all obligations of the Group, including but not limited to adequate ▇▇▇▇ and other contingency reserves, for such fund year.

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Positive Balance means a value greater than R0,00.

Positive Balance shall have the meaning specified in Section 2.4.2(a).

Examples of Positive Balance in a sentence

• Any Claims Fund Positive Balance resulting from overall loss experience of the Group shall be available as a return of premium or to be taken into account in establishing the premium in subsequent years in accordance with a Refund or Credit Plan as adopted and amended from time to time by the Board of Directors of the Group.

• If, following the annual adjustment described in Sec- tion 6 and following the retirement of any Deficit Amount there exists a Claims Fund Positive Balance or an Administra- tive Expense Fund Surplus, this Claims Fund Positive Balance or Administrative Expense Fund Surplus, as the case may be, shall be dealt with in accordance with the provisions of Sec- tion 12 and Schedule.

• If following the retirement of any Deficit Amounts there exists a Claims Fund Positive Balance or an Administrative Expense Fund Surplus, the Claims Fund Positive Balance or Admin- istrative Expense Fund Surplus, as the case may be, shall be dealt with in accordance with the provision of Section 12 and Schedule 2.

• If you do so, SweepBank may charge you a Positive Balance fee and is authorised to transfer the balance in credit to your SweepBank Current Account without separate notification to you.

• The term "Positive Balance Sheet Adjustment" shall have the meaning set forth in Section 3.2.

• The purchase price for the Assets shall be the sum of US$643,604,000, adjusted by adding thereto any Positive Balance Sheet Adjustment or subtracting therefrom any Negative Balance Sheet Adjustment determined pursuant to Section 3.2 hereof.

• The "Balance Sheet Adjustment" shall be equal to the amount by which the Net Book Value of the Business exceeds US$603,291,000 (a "Positive Balance Sheet Adjustment") or is less than US$603,291,000 (a "Negative Balance Sheet Adjustment").

• If following the retirement of any Deficit Amounts there exists a Claims Fund Positive Balance or an Administrative Expense Fund Surplus, the Claims Fund Positive Balance or Administrative Expense Fund Surplus, as the case may be, shall be dealt with in accordance with the provision of Section 12 and Schedule 2.

• If, following the annual adjustment described in Section 6 and following the retirement of any Deficit Amount there exists a Claims Fund Positive Balance or an Administrative Expense Fund Surplus, this Claims Fund Positive Balance or Administrative Expense Fund Surplus, as the case may be, shall be dealt with in accordance with the provisions of Section 12 and Schedule.

• As soon as practicable after the Closing, but not later than 60 days after the Closing, Sellers shall prepare and deliver to Buyer, in accordance with this Agreement and generally accepted accounting principles, a statement (“Sellers’ Balancing Settlement Statement”) setting forth its calculation of the Devon Positive Balance Payment Amount or Devon Negative Balance Payment Amount.

More Definitions of Positive Balance

Positive Balance means the sum of the Charges exceed the sum of the Credits on an accumulated to date basis. The CORPORATION is not obligated to the REINSURED for the negative balance which may exist under this article. Under no circumstances shall the REINSURED’S obligation under this article to the CORPORATION exceed the total provisional commission allowed by the CORPORATION to the REINSURED plus simple interest thereon at 8.5% per year.

Positive Balance has the meaning specified in Section 2.07. ---------------- "Proceeding" means any action, suit, demand, claim or legal, ---------- administrative, arbitration or other alternative dispute resolution proceeding, hearing or investigation.

Positive Balance the Client’s cash funds on the Card Account which are marked with a plus (+) sign in the Card Account statements. Card Transaction Authorisation – an electronic procedure aimed at checking of the Card data, the Available Balance, the Card Transaction Limit and the Cardholder’s verification data as a result of which the Card Transaction is authorised or declined.