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. 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 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. 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. 52 Section 7.17 Four Party Agreement..................................... 52 Section 7.18 Environmental Insurance.................................. 52 Section 7.19 General Partner Net Worth................................ 52 SECTION 8 NEGATIVE COVENANTS................................................ 52
Additional Reserves. (a) Without limiting any other rights of Agent with respect to the establishment of Reserves or otherwise, subject to Section 4(b) below, the Special Availability Reserve in the amount of $3,000,000 established as set forth in Section 7 of Amendment No. 2 shall be reduced to $1,500,000 upon the satisfaction of each of the following conditions: (i) Agent shall have received the financial statements of Parent and its Subsidiaries in accordance with Section 9.6 of the Loan Agreement for each fiscal quarter of Parent and its Subsidiaries through and including the fiscal quarter ending June 30, 2004, (ii) no Default or Event of Default shall exist or have occurred and be continuing, (iii) the EBITDA of Parent and its Subsidiaries (on a consolidated basis) for the fiscal quarter ending December 31, 2003 and the fiscal quarter ending March 31, 2004 shall for each such quarter have been not less than $6,000,000 and for the fiscal quarter ending June 30, 2004 shall have been not less than $7,000,000, and (iv) the EBITDA of Parent and its Subsidiaries other than the Foreign Subsidiaries (on a consolidated basis) for the fiscal quarter ending December 31, 2003 and the fiscal quarter ending March 31, 2004 shall for each such quarter have been not less than $2,000,000 and for the fiscal quarter ending June 30, 2004 shall have been not less than $2,550,000.
Additional Reserves. 131 Section 6.9 Property Cash Flow Allocation ............................................................... 133 Section 6.10 Security Interest in Reserve Funds, Working Capital Funds and Interest on Reserve Funds and Working Capital Funds.......................... 133 Section 6.11 Letters of Credit/Security Deposit........................................................... 134 VII.
