Warranty Reserve definition

Warranty Reserve means the value of funds specified in these T&Cs that is held (blocked) by Genome on a separate subaccount of Your Genome Wallet, can be used to cover Your outstanding fees, charges and other financial liabilities, as detailed in Clause 5.9 below, and shall be released at the time of the Agreement termination and closure of Your Genome Wallet.

Warranty Reserve means a reserve equal to one quarter of the Borrower’s annual warranty expense as set forth on its general ledger.

Warranty Reserve means a reserve established by the Administrative Agent in its reasonable discretion against the principal balance of Receivables of the Loan Parties which represents 60 days of average warranty claims, as determined by the Administrative Agent in connection with its quarterly review.

Examples of Warranty Reserve in a sentence

Warranty Reserve The Company calculates a warranty reserve for future returns of products currently sold, as per the terms of the Company’s Warranty.
Warranty Reserve and Deferred Warranty Revenue The Company provides a one-year warranty as part of its normal sales offering.
Any Payables, Accrued Vacation Pay or Warranty Reserve outstanding on the Closing Date.
A copy of the Warranty Reserve Escrow Agreement, duly executed by each Seller.
Warranty Reserve Details of the estimated warranty reserve were as follows: September 30,2018 2017Beginning balance$ 104,518$ 243,423Warranty provision6,093(70,946)Warranty settlements(11,395)(67,959)Ending balance$ 99,216$ 104,518 The Company establishes a warranty reserve based on anticipated warranty claims at the time product revenue is recognized.

Warranty Reserve shall have the meaning specified in Subsection 1.3.3 hereof.

Warranty Reserve means, as of any date of determination, the amount of reserves that Parent has recorded in its books as of such date, in accordance with GAAP, in respect of actual or estimated warranty claims relating to products or services provided by Parent and its Subsidiaries.

Warranty Reserve means the warranty reserve accrued by Seller included in account 2001-275 (Warranty Reserve) on the Seller Balance Sheet or Seller’s Books and Records to the extent such warranty reserve has been included therein in conformity with GAAP applied on a basis consistent with the Reference Balance Sheet.

Warranty Reserve means the amount set forth as warranty reserve on the Adjusted Balance Sheet as a reserve for Warranty Claims arising from goods or services of the Company sold and delivered on or prior to the date of the Adjusted Balance Sheet.

Warranty Reserve means a dollar sum certain, as determined by the initial Core Group at the time of Substantial Completion that reflects the amount the initial Core Group is allocating for warranty work during the Warranty Period.

Warranty Reserve means the reserves for warranty obligations and returns and allowances totalling $15,000, to be reflected on the Closing Statement.