Reasonable Reserves means such amount as the Board, acting by Supermajority Approval, shall deem reasonably necessary to meet the foreseeable liabilities or obligations of the Company taking into consideration historic costs as well as reasonably projected cash flow, and including, but not limited to, (i) the normal expenses of the operation and management of its activities, as such liabilities and obligations become due and payable, and (ii) the expenses of any redemptions pursuant to the provisions of this Agreement.
Reasonable Reserves means, in the context of current facts and circumstances, the appropriate reserve for future contingencies and demands on cash resources attributable to the operations of such division.
Reasonable Reserves means, in the context of current facts and circumstances, the appropriate reserve of not less than two months based on recurring monthly expenses of the FACM Division for future contingencies and demands on cash resources attributable to the operations of the FACM Division.
Examples of Reasonable Reserves in a sentence
The entity then reports the income on the PA-20S/PA-65 Information Return, Section III in the appropriate class of income.
As provided in these Bylaws, however, the Cooperative shall allocate and credit Reasonable Reserves as Capital Credits.
The Cooperative must keep records necessary to determine, at any time, each Member’s rights and interest in Reasonable Reserves.
The Cooperative shall keep records necessary to determine, at any time, each Member’s rights and interest in any Reasonable Reserves.
Reasonable Reserves Regardless of any contrary Bylaw and in order to meet the Cooperative’s reasonable needs, the Cooperative may accumulate and retain amounts exceeding those needed to meet operating expenses (“Reasonable Reserves”).
More Definitions of Reasonable Reserves
Reasonable Reserves means, in the context of current facts and circumstances, the appropriate reserve of not less than two months based on recurring monthly expenses of the ATLANTA Division for future contingencies and demands on cash resources attributable to the operations of the ATLANTA Division.
Reasonable Reserves means reserves, in amounts set by the Board to operate the Business, including (i) reasonable reserves for working capital, (ii) reasonable reserves for future capital expenditures, including the expansion of existing Plants and/or the construction of additional Plants and (iii) reserves required by Applicable Law. * Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
Reasonable Reserves means an amount of funds set aside or amounts allocated to reserves for the Company as reasonably determined by the Board of Managers, not to exceed the then-current expected total for six (6) months of (a) working capital and other expenditures consistent with the applicable Business Plan or Budget, and (b) taxes, insurance, debt service, and other costs or expenses incident to the conduct of business by the Company.
Reasonable Reserves means, in the context of current facts and circumstances, the appropriate reserve for future contingencies and demands on cash resources attributable to the operations of such division Employee shall have the right, during reasonable business hours, to meet with representatives of the Company concerning this calculation and shall have reasonable access to books and records of the Company to validate the calculations.
Reasonable Reserves means a reserve funded by the Company in an amount recommended by the Managing Partner arid approved by a Supermajority.
Reasonable Reserves means reserves calculated in accordance with generally accepted accounting principles as well as reserves set aside by the Board of Managers in the Company's name in order to satisfy the Company's reasonably anticipated requirements for at least two (2) months of operations, which shall include, without limitation, reserves against possible losses and the payment and making provision for the payment, when due, of obligations of the Company, including obligations owed to Members, including without limitation obligations for taxes by virtue of the Company electing to be treated as a partnership for all federal, state and local purposes, and funds for any other reasonable Company purposes.
Reasonable Reserves means reserves calculated in accordance with GAAP as well as reserves set aside by the Board of Managers on the Company's books and records in order to satisfy the Company's reasonably anticipated requirements for at least two (2) months of operation, which shall include, without limitation, reserves against possible losses and the payment and making provision for the payment, when due, of obligations of the Company, including obligations owed to members of the Company including without limitation obligations for taxes by virtue of the provisions of Section 12.2 of the Operating Agreement, and funds for any other reasonable Company purposes in a manner that is reasonable and prudent for businesses in the Company's industry and consistent with past practice.