Additional Reserves. If Land in excess of the Band's Equity Quantum is Purchased, such Land may be set apart as a Reserve at the sole discretion of Canada under its Additions to Reserves Policy as amended from time to time.
Additional Reserves. If there is a default or Event of Default hereunder, or if Lender deems it prudent to require additional Reserves during the term of the Loan, Lender shall have the right to require Borrower to deposit additional Reserves with Lender on each Payment Date. Borrower shall commence paying such additional Reserves on the next Payment Date. All such Reserves, and the rights and obligations of Lender and Borrower in connection therewith, shall be governed by this Article IV and the Reserve Agreement.
Additional Reserves. “Additional Reserves” means the additional mining reserves at the Quarry in the 23-acre Xxxxxx Parcels and the paper street rights-of-way within the boundaries of the Mining Area.
Additional Reserves. Nothing herein shall prevent the Company from increasing position assignments for reserve coverage in excess of the seven percent (7%) as set forth in Article Cancellation of Review A Review may be cancelled by the prior to but not on or after the bid closing date. A subsequent Review will be posted during the same period or as soon as possible thereafter with respect to necessary time periods required between posting and closing dates as detailed elsewhere in Article Position A replacement vacancy is created as a result of retirement, resignation, termination, surplus, furlough, death, long-term sickness, Articles 14/29, or appointment as a Permanent Management Pilot. A regular vacancy is created as a result of an insufficient number of pilots assigned to a position. A reduction exists whenever the number of pilots currently assigned to a position plus any vacancies existing for that position are in excess of the number of pilots required. A forced reduction is a reduction that must be assigned, in reverse order of seniority, as a result of reductions remaining during the bid process. Only pilots who are forced to take such reductions will be deemed to be "forced to reduce" from their position. A subsequent vacancy or reduction is a vacancy or reduction (as defined above in and 25.03.03) created as a result of a change in a pilot's awarded position during a bid award and will not be posted but automatically during the bid award process. Posting Position Vacancies and Reductions Vacancies and reductions will be posted on all Article Bulletin Boards following each Review showing reasons and dates as applicable. While vacancies are normally posted after they have occurred, retirements and surplus (planned furloughs) can be posted up to one year in advance. Posting of vacancies and reductions must take place in adequate time so as to ensure that the closing date will not be less than fifteen (15) days or two (2) days longer than the longest pairing in the system, whichever is greater, from the date of posting. The closing date for all vacancies and reductions shall be chosen to fall within the next available Bid Period as detailed in Article and will be announced with the release of the next Review.
Additional Reserves. In addition to contributed capital and established reserve funds, or any other capital accounts that may exist in accordance with the law or generally accepted accounting principles, the Corporation may create, with the prior consent of the Shareholders’ Meeting in accordance with Article 16(II) of this Charter and By-laws, additional capital reserve accounts. The amounts in such accounts may not be reduced or distributed in any way except with the consent of the Shareholders’ Meeting. The capital reserve accounts shall be considered a diminution of the losses, if any, for the determination of a diminution of the contributed capital as established in Article 264 of the Commercial Code.
Additional Reserves. Lender shall have established and Borrower shall have funded such additional reserves as are established by Lender in Lender's reasonable discretion.
Additional Reserves. In the event that Lender at any time determines that the Reserves then being maintained pursuant to the Management Agreement are inadequate, Lender may require, in Lender's sole but good faith discretion, that Borrower establish or increase the amount of any reserves that Lender determines to be necessary or appropriate, provided that Lender shall provide Borrower with a reasonably detailed explanation of Lender's determination. All Reserves shall be maintained in cash (and not merely through accounting entries) and shall be held by Lender or by Manager pursuant to the Management Agreement. Lender shall have the right to approve in advance any use of the Reserves, in Lender's sole, but good faith discretion, except to the extent that Borrower does not have the right to approve the use of the Reserves pursuant to the Management Agreement.
Additional Reserves. 59 Section 7.17 Four Party Agreement...................................... 59 Section 7.18 Environmental Insurance................................... 59 Section 7.19 General Partner Net Worth................................. 59
Additional Reserves. Appropriate additional reserves may be determined and charged to the Managing Members for contingent liabilities, if any, and as agreed to by the Managing Members as of the date any such contingent liability becomes known to the PDA management or either Managing Member, and such other reserves determined and agreed to by the Managing Members; provided, however, that any such reserves shall be charged to the Managing Members pro rata based on their respective Membership Interests.
Additional Reserves. Specific Reserve 352 Note: The excess and obsolete inventory report is a system generated report which calculates the reserve for each individual part number. This summary Schedule (i) aggregates the inventory reserve data as of September 28, 2007 into the respective categories and (ii) illustrates the calculation methodology Both quantities and USD amounts have been disclosed in thousands. Weighted average unit costs have been shown for illustrative purposes - actual calculations are at the individual part number level. The excess and obsolete inventory report is also referred to as the provision for obsolete (“PFO”) report Reserve Adjustment (110 ) Total GaAs Sige E&O Reserve 2,486 Total per General Ledger 2,486 Variance $ 0 EXHIBIT A Specified Accounting Principles Annex 3 Reserve for Excess and Obsolete Inventory Components as at September 28, 2007 USD in 000’ Quantities in 000’s Standard Products (A) (B) ( C) (D = A-C) (E) (F) (D x E x F) Period of Last Activity / Usage How Applied to Inventory % Provision Period of last Inventory activity / usage Total on Hand Quantity 6 month Usage Quantity 12 Month Usage Quantity Excess Inventory Quantity Weighted average excess unit cost Reserve Percentage Reserve 0 to 6 months Inventory held in excess of last 12 months usage 25 % Usage in last 6 months 1,416 220 518 898 $ 0.57 25% $ 128 7 to 12 months Inventory held in excess of last 12 months usage 100 % Usage in last 6 months (no Reserve)* 2,188 2,718 6,704 — 25% $ — 13 Months and over All Inventory 100 % Usage in last 12 months 249 — 47 202 $ 0.60 100% $ 122 Usage in last 12 months (no reserve)* 388 — 1,807 — 100% $ — Remaining Inventory (over 12 months) 709 — — 709 $ 1.09 100% $ 776 Inventory Total 4,950 2,938 9,076 1,809 $ 1,026 * 12 Month usage exceeds inventory on hand; as such no reserve is required Less: New Parts less than 6 months (7 ) Precious Metals’ (9 ) Total Standard Reserve $ 1,010 Custom Products (1) (2) (3 = 1-2) (4) (5) (3 x 4 x 5) Type of Inventory How Applied to Inventory % Provision Inventory Activity Total on Hand Quantity MRP Quantity Excess Inventory Quantity Weighted average excess unit cost Reserve Percentage Reserve Custom Products All Inventory in excess of MRP 100 % Custom Products without reserve (X) 36 96 — $ — 100% $ — Custom Products with reserve 442 43 399 $ 0.47 100% $ 186 Custom Products without MRP (Y) 424 — 424 $ 2.18 100% $ 926 Inventory Total 902 139 823 $ 1,112
