Reserve Balance definition

Reserve Balance means the excess, if any, of total contributions paid by each employer over total benefit charges to that employer’s experience rating record.

Reserve Balance means, with respect to a Participant subject to the Incentive Reserve, a bookkeeping record of the net balance of the amounts credited to and debited against such Participant's Incentive Reserve following the end of each fiscal year. For a Participant's first year of participation in the Plan, such Participant's Reserve Balance shall initially be equal to zero.

Reserve Balance means, in relation to any Reserve Account the balance on that Reserve Account determined by the Trustee by reference to the Unit Price applicable to the appropriate Constituent Fund or Constituent Funds on that date (or, in respect of any Non-Unitised Fund, in such other manner as the Trustee may determine) and having taken account of any deduction due to Clauses 15(A) and 15(C). (as amended by DOV 18.10.2012)

Examples of Reserve Balance in a sentence

• On the Closing Date, the Depositor will deposit or cause to be deposited the Specified Reserve Balance into the Reserve Account from the net proceeds of the sale of the Notes.

• Notwithstanding any other provision of this Agreement, the use of such new formula will be deemed to be approved upon the satisfaction of the Rating Agency Condition with respect to the use of such new formula, and the Specified Reserve Balance will be determined in accordance with such new formula and this Agreement will be amended to reflect such new formula without the consent of any Noteholder.

• All interest and other income (net of losses and investment expenses) on funds on deposit in the Reserve Account shall, upon the written direction of the Servicer, be paid to the Seller on any Payment Date to the extent that funds on deposit therein, as certified by the Servicer, exceed the Specified Reserve Balance.

• Notwithstanding the foregoing, the Depositor may decrease the Specified Reserve Balance upon satisfaction of the Rating Agency Condition without the consent of any other party hereto or any Noteholder or Certificateholder.

• Any project which receives LHC Soft Funds and which evidences satisfaction of the Minimum Reserve Balance will be permitted a Capital Recovery Payment on Taxpayer Capital equal to 350 basis points above the comparable Treasury bill yields as of the Closing Date that are coterminous with the return of taxpayer capital over a maximum ten (10) year period.

More Definitions of Reserve Balance

Reserve Balance means the difference between all contributions paid by an employer and credited to the employer's account for all periods before January 1 (including those paid before February 1 of the same year with respect to wages paid by the employer before January 1 of the same year) and July 1 and the total benefits chargeable to the employer's account for all periods before January 1 and July 1 of the same [year.] years.

Reserve Balance means (i) the sum of (A) the reserve with respect to the Maple Ridge Matter on the financial statements of the Acquired Companies as of the Closing Date, and (B) the reserve with respect to the Hearthstone Matter on the financial statements of the Acquired Companies as of the Closing Date, less (ii) the receivable as set forth on the financial statements of the Acquired Companies as of the Closing Date with respect to the Hearthstone Matter.

Reserve Balance means, (a) on the Issue Date, the Initial Reserve Balance and (b) on any date thereafter, a percentage (which may be positive or negative) determined by the Calculation Agent on any day as being equal to (I) the Initial Reserve Balance plus (II) the sum of all Portfolio Change Request Trading Entries as at such day, minus (III) the Other Trading Balance Adjustments as at such day, minus (IV) the Cumulative Monetised Subordination as at such day and minus (V) the Accumulated Loss as at such day, PROVIDED THAT the Accumulated Loss shall only be subtracted from the Reserve Balance to the extent that, following adjustment to the Reserve Balance pursuant to items (II) and (IV) above on such day, the Reserve Balance is greater than or equal to zero (such percentage subtracted from the Reserve Balance being the “Loss Absorbed By Reserve Account”).

Reserve Balance means the excess, if any, of total contributions paid by each employer

Reserve Balance means the then current balance in the Reserve Account. (xliv) “Retained Team Lease Payments” means the excess amount received by Servicer over the Contract Payments with respect to a Team Lease Transaction. (xlv) “Rewritten Transaction” means a Remarketed Transaction that Element (in its sole and absolute discretion) has accepted as a newly written Transaction on, or as of, the EOT Payment Date of the original Transaction. (xlvi) “Risk Acceptance Criteria” or “RAC” means the criteria (minimum standards) established, from time to time, by Element which must be met in order for Element to accept the financing of a Transaction. (xlvii) “Second IC Charge” means the additional charge imposed by Servicer with respect to the second Independent Contractor in a Team Lease Transaction. (xlviii) “Security Deposit Account” means each separate account established solely in regard to a Delivery Vehicle into which Security Deposit Accruals for that Vehicle have been, or will be, paid. (xlix) “Security Deposit Accruals” means security deposits billed and collected by Servicer from Independent Contractors with respect to newly originated Transactions. (l) “Servicer” means Celadon Group, Inc., a Delaware corporation and Quality Equipment Leasing, LLC., a Delaware limited liability company, collectively. (li) “Sponsors” means companies with which Servicer maintains sponsorship agreements. (lii) “Team Lease Transactions” means Transactions in which Servicer contracts with two Independent Contractors to operate one Delivery Vehicle. (liii) “Tax Filings” means all required tax returns, reports and filings in respect to the Transactions, the Vehicles, other property that may be the subject of any Transaction and any Tax Payments that are made. (liv) “Tax Payments” means all sales, use, personal property, privilege, license and other taxes arising under, or in connection with, the Transactions, the Vehicles and any other property that may be the subject of any Transaction. 6 (lv) “Third Amended Agreement” means this Third Amended and Restated Service Agreement dated as of March 23, 2016 by and between Servicer and Element. (lvi) “Transaction” means each financing agreement and/or lease for the acquisition or lease of a Vehicle between Element, as lender or lessor, and an Obligor, as lessee or borrower. The term “Transaction” includes both Existing Transactions and Future Transactions. (lvii) “Variable Contract Payments” means payments made under a Variable Payment Transaction and...

Reserve Balance means the then current balance in the Reserve Account.

Reserve Balance has the meaning assigned to it in the Accounts Agreement.