Unrestricted Reserves definition
Examples of Unrestricted Reserves in a sentence
In any event, following a Charitability Default, as long as the Foundation holds any of the Foundation Shares, the Company shall notify the Foundation at least by the fifteenth business day of each month following the end of a calendar quarter of the amount of the Unrestricted Reserves and the Available Liquidity, provided the amount of the latter is lower than the amount of Unrestricted Reserves.
Donations and legacies made with no restrictions will be added to the Trust’s Unrestricted Reserves and be used at the Trustees’ discretion in furthering the Trust’s objects.
Total District Budgeted Unrestricted Reserves $ 24,641,860 $ 39,018,706 $ 30,153,413 2e.
For the sole purpose of determining whether the District has complied with this Section 5.15, the amount of Unrestricted Reserves shall constitute Revenues.