Unencumbered Reserves definition

Unencumbered Reserves means the amount in the Program Operations Fund in excess of the total amount that has been designated by the Authority as Loss Reserve and amounts required for operations.
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Examples of Unencumbered Reserves in a sentence

  • For purposes of this Agreement, the term "funds" shall include cash and investments deposited with the designated County Treasurer and shall include the balances in reserve accounts including DSHS contract required risk reserves (Medicaid Risk and Inpatient Reserves, Non-Medicaid Inpatient Reserve Reserves), Operating Reserves (Medicaid), Operating Reserves (Non-Medicaid), Reserves for Encumbrances, Unencumbered Reserves, and Capital Reserves.

  • The Authority may use Unencumbered Reserves to purchase or make payments to acquire such insurance, excess insurance or reinsurance, or participate in such pool or program; provided, however, that the Authority may use Loss Reserves to purchase or other wise acquire such insurance, excess insurance or reinsurance if the policy of commercial insurance, excess insurance or reinsurance to be purchased or otherwise acquired covers the claim s for which such Loss Reserves were established.

  • For purposes of this Agreement the term “funds” shall include cash and investments then deposited with the Wahkiakum County Treasurer and shall include the balances in reserve accounts including DSHS contract required risk reserves (Medicaid Risk and Inpatient Reserves, Non-Medicaid Inpatient Reserve Reserves), Operating Reserves (Medicaid), Operating Reserves (Non-Medicaid), Reserves for Encumbrances, Unencumbered Reserves, and Capital Reserves.

  • The Authority may use Unencumbered Reserves to purchase or make payments to acquire such insurance, excess insurance or reinsurance, or participate in such pool or program; provided, however, that the Authority may use Loss Reserves to purchase or otherwise acquire such insurance, excess insurance or reinsurance if the policy of commercial insurance, excess insurance or reinsurance to be purchased or otherwise acquired covers the claim for which such Loss Reserves were established.

  • During the three-year period, the right of a withdrawing Member Entity to receive a settlement of its Individual Member Entity's Account is subject to the availability of funds in the Unencumbered Reserves as provided in Section 5.2, provided however, that this schedule for disbursements is subject to the limitation imposed by Section 6.5(c) of this Agreement.

  • Unencumbered Reserves in these accounts may be used for the following purposes: • May be credited against future assessments; • May be used to increase the joint deductible reserve; • May be payable to each Member Entity on termination of the Program.

  • The amount collected from all Members may include funds obtained from Assessments, investment income and Unencumbered Reserves, as the Board of Directors may in the exercise of its discretion deem appropriate with respect to each Coverage Year.

  • Assessments, Special Assessments, Loss Reserves, Unencumbered Reserves, investment income, or other income paid to or derived from the Program shall not be commingled with the funds of any other program which is or may be sponsored, operated, or controlled by the Authority.