Certain Reserves Sample Clauses
The 'Certain Reserves' clause defines the right or obligation of a party, typically a lender or financial institution, to set aside or withhold specific amounts of funds to cover anticipated liabilities, expenses, or risks. In practice, this may involve the lender reserving portions of loan proceeds to pay for property taxes, insurance premiums, or potential maintenance costs, ensuring these obligations are met even if the borrower defaults. The core function of this clause is to protect the lender’s interests by proactively managing financial risks and ensuring that essential payments related to the collateral or agreement are not neglected.
Certain Reserves. In the event any reserves in excess of $100,000 are created, accrued or charged against a Limited Partner’s Capital Account, or any such reserves in excess of $100,000 are increased or decreased, the General Partner will promptly, within five Business Days following month end, provide written notice and a description of such event to such Limited Partner.
Certain Reserves. The Agent may in its reasonable discretion establish reserves for, INTER ALIA, inadequate payments by the Borrowers of tobacco taxes and sales taxes, such reserves being in addition to any reserves established by the Agent within clause (b)(D) of the definition of Revolving Borrowing Capacity.
(h) Section 8.13(a) (Cash Capital Expenditures) of the Loan Agreement is hereby amended by deleting the information set forth under the headings "FISCAL YEAR" and "AMOUNTS" and replacing such information with the following: "FISCAL YEAR AMOUNTS ----------- ------- 2004 $17,000,000 2005 $17,000,000 2006 $22,000,000
(i) Section 8.13(e) (Cash Capital Expenditures) of the Loan Agreement is hereby amended to insert the following before the ".": "provided, that notwithstanding the foregoing, the Borrowers shall not make, based solely upon Carryover Cash Capex from Fiscal Year 2003, Cash Capital Expenditures in Fiscal Year 2004 or any subsequent Fiscal Year".
(j) Section 8.14 (Consolidated EBITDA) of the Loan Agreement is hereby amended by(x) deleting the information set forth under the headings "FISCAL QUARTER" and "AMOUNTS" and replacing it with the following: "FISCAL QUARTER AMOUNTS ------- ------- Fiscal Year 2004 Q1 $64,000,000 Fiscal Year 2004 Q2 $54,000,000 Fiscal Year 2004 Q3 $55,000,000 Fiscal Year 2004 Q4 $57,000,000 Fiscal Year 2005 Q1 $62,000,000 Fiscal Year 2005 Q2 $68,000,000 Fiscal Year 2005 Q3 $78,000,000 Fiscal Year 2005 Q4 $90,000,000 Fiscal Year 2006 Q1 $95,000,000 Fiscal Year 2006 Q2 $99,000,000 Fiscal Year 2006 Q3 $103,000,000 Fiscal Year 2006 Q4 $108,000,000 Fiscal Year 2007 Q1 $111,000,000 Fiscal Year 2007 Q2 $114,000,000"
Certain Reserves. Reserves established by either Seller for patient monitoring, leads litigation legal expenses, product liability settlement contingencies, or other expenses associated with the Litigation;
Certain Reserves. CU represents, warrants and agrees that neither CU nor CU Bank has applied, and will not apply prior to the Effective Time, any portion of (x) any reserve existing on its books as of December 31, 1996 (other than reserves for loan and lease losses) except with respect to those specific items and in those specific amounts for which the applicable portion of such reserve was created, and except to the extent that the purpose of such reserve no longer exists and is required to be taken into income under generally accepted accounting principles consistently applied in accordance with prior practices of CU;or (y) any reserves for loan and lease losses except for the purposes for which such reserves were created.
Certain Reserves. AgCo and Pharmacia shall take all action necessary or appropriate to cause Metropolitan Life Insurance Company to partition between AgCo and Pharmacia, effective as of the Separation Date, the rate stabilization reserves maintained in connection with the Monsanto Company Salaried and Non-Union Hourly Employees' Term Life Insurance Plan, the Monsanto Company Salaried and Non-Union Employees' Dependent Term Life Insurance Plan, the Monsanto Company Hourly-Paid Employees' Group Life Insurance and Sickness Plan-Union, and the Monsanto Company Optional Life Insurance Plan-Union, based upon the relative dollar amount of premiums to be paid by each of them with respect to the coverage to which such reserves relate, determined immediately after the Separation Date.