Examples of Restricted Reserve in a sentence
Another new rule authorizes and establishes the process for a Coordinated Care Organization (CCO) to invest Restricted Reserve funds towards affordable housing activities.
The Company desires to comply with its obligations under the Restricted Reserve Requirement by depositing with the Bank the Required Deposits listed on Schedule A attached hereto (“Company Deposits”), and the Bank is willing to accept such deposits, subject to the terms and conditions of this Agreement.
The Bank has established an account (“Account”) on behalf of the Company in connection with the Company Deposits for the purposes set forth in the Restricted Reserve Requirement.
Pursuant to OAR 410-141-5185(10), CCO has required the Company to establish, fund and maintain a Restricted Reserve Account and Restricted Reserve Funds (the “Restricted Reserve Requirement”) for its portion of the CCO risk assumed.
The Act also requires SIP to maintain a Restricted Reserve Fund in cash or approved securities equal to 50% of the gross premiums receipts minus the cost of excess insurance, excluding broker fees.
It shall be the policy of GMNBR to establish and maintain certain Restricted Reserve Accounts for the purpose of meeting both anticipated and unanticipated significant expenditures.
All monies will be placed in and remain in said Restricted Reserve Account until disbursement is authorized by the Board of Directors.
Included in investments are the following restricted amounts that can only be expended in accordance with the terms of the Reserve and Restricted Reserve Funds.
The Committee shall account for all Fund monies and see to the disbursement of such monies as approved by the Board of Directors.o The Legal Action Fund shall be established as a Restricted Reserve Account of RANM.
Temporary Investments have yields ranging from 1.09% to 1.28%.Included in investments are the following restricted amounts that can only be expended in accordance with the terms of the Reserve and Restricted Reserve Funds.