Special Reserve definition

Special Reserve is defined in Section 3.07(b) of this Agreement.

Special Reserve means a number of shares reserved and available for issuance under the terms of the Plan equal to 3% of the total shares reserved under the Plan as determined by and set forth under Section 4 below as such section may be amended from time to time in accordance with the terms of this Plan.

Special Reserve means an additional regular reserve account of the credit union, established and required by the superintendent, to be set aside against losses from loans or other contingencies, in accordance with Iowa Code chapter 533.

Examples of Special Reserve in a sentence

• Special reserve According to the Company’s articles of incorporation, a special reverse is set aside for the unrealized foreign currency exchange gains accounted for under SFAS No. 14 before the earnings are appropriated.

• Special reserve fund means any special fund set aside by the governing body for a particular purpose and not available for expenditure for any other purpose.

• Special reserve represents the reserve arising from acquisition of additional interests of a subsidiary from non-controlling interests.

• Special reserve In accordance with Decree No. 1010012865 issued by the FSC on April 6, 2012, a portion of current-period earnings and undistributed prior-period earnings shall be reclassified as a special earnings reserve during earnings distribution.

• The Special reserve, Capital reserve – realised and Revenue reserve are all distributable reserves.

More Definitions of Special Reserve

Special Reserve means other protected areas such as:

Special Reserve means a reserve in the amount of $5,000,000, provided, that, upon the delivery of Borrowers’ financial statements to Agent pursuant to Section 9.7, 9.8 or 9.9, as applicable, such amount shall be reduced to (x) $2,000,000, if such financial statements evidence that Borrowers’ EBITDA for the twelve months then ending is not less than $15,500,000 and (y) $0, if such financial statements evidence that Borrowers’ EBITDA for the twelve months then ending is not less than $17,500,000, in each case, so long as (i) the Compliance Certificate accompanying such financial statements certifies that no Default or Event of Default exists and (ii) Borrowers’ Average Undrawn Availability for the thirty (30) day period immediately preceding the date of such proposed reduction shall be no less than $5,000,000.

Special Reserve means an area set aside in which characteristic wild life requires protection and in which all other interests and activities are subordinated to this end;

Special Reserve means a reserve in the amount of $10,000,000, provided, that, upon the delivery of Borrowers’ financial statements to Agent pursuant to Section 9.7, 9.8 or 9.9, as applicable, such amount shall be reduced to (x) $5,000,000, if such financial statements for the two (2) most recently ended consecutive fiscal quarters evidence that Borrowers’ EBITDA for the twelve (12) months then ending is not less than $15,000,000 and (y) $0, if such financial statements for the two (2) most recently ended consecutive fiscal quarters evidence that Borrowers’ EBITDA for the twelve (12) months then ending is not less than $17,000,000, in each case, so long as (I) Borrowers have made a written request to Agent for such reduction within forty-five (45) days of delivery of such financial statements evidencing satisfaction of the applicable hurdle referenced above and (II) the Compliance Certificate accompanying such financial statements certifies that no Default or Event of Default exists.”

Special Reserve has the meaning set forth in Section 5.11 hereto.

Special Reserve means the reserve set aside by the Board to satisfy all of the Fund’s such debts, obligations and liabilities.

Special Reserve means other protected areas such as: "game reserve" … within which the hunting, killing or capture of fauna shall be prohibited … where settlement and other human activities shall be controlled or prohibited; "partial reserve" or "sanctuary" … an area set aside to protect characteristic wildlife … ; "soil", "water" or "forest" reserve shall denote areas set aside to protect such resources.’