General Reserve. The Authority maintains a General Reserve in accordance with Section 8 of the Law (2004 revision). The Authority shall maintain the General Reserve at 15% of demand liabilities to provide additional funding, if necessary, for demand liabilities and obligations arising from other business of the Authority. Reserve assets are held predominantly in United States dollars, with minimal holdings in Cayman Islands dollars and British Pound Sterling. CAYMAN ISLANDS MONETARY AUTHORITY NOTES TO THE FORECAST FINANCIAL STATEMENTS AS AT 30 JUNE 2008 Reserves and Capital continued
General Reserve. 7.01 The Cooperative must establish and maintain a general reserve to retain the surplus, if any, for a financial year.
General Reserve. Seventeenth, to a “General Reserve” (or “GR”), which will be used to replenish the Restricted Reserve and Strategic Reserve or disbursed as directed by the VDFI Board with concurrence of the Financial Review Team as described in Sections 3.3.16.8 and 3.3.16.9 or Section 7.2.6, or by the Dispute Resolution Committee through dispute resolution in Section 8.
General Reserve. VUG will deduct the following amounts (the "GENERAL RESERVE") against (i) returns, (ii) price protections, and (iii) post-sale markdowns extended by VUG to its customers in the normal course (collectively (i), (ii) and (iii), the "AUTHORIZED DEDUCTIONS") in the amount of *** of Gross Sales Revenues with respect to all Non-PC Partner Products and *** with respect to all PC Partner Products. ***. ***. ***. *** Terms represented by this symbol are considered confidential. These confidential terms have been omitted pursuant to a Confidential Treatment Request filed with the Securities and Exchange Commission ("SEC") and have been filed separately with the SEC. EXHIBIT B
General Reserve. VUG will deduct the following amounts (the "GENERAL RESERVE") against (i) returns, (ii) price protections, and (iii) post-sale markdowns extended by VUG to its customers in the normal course (collectively (i), (ii) and (iii), the "AUTHORIZED DEDUCTIONS") in the amount of *** of Gross Sales Revenues with respect to all Non-PC Partner Products and *** with respect to all PC Partner Products. ***. ***. ***. *** Terms represented by this symbol are considered confidential. These confidential terms have been omitted pursuant to a Confidential Treatment Request filed with the Securities and Exchange Commission ("SEC") and have been filed separately with the SEC. Vivendi Universal Games, Inc. Page 28 Video Game Publishing Agreement EXHIBIT B
General Reserve. VUG will deduct the following amounts (the "GENERAL RESERVE") against (i) returns, (ii) price protections, and (iii) post-sale markdowns extended by VUG to its customers in the normal course (collectively (i), (ii) and (iii), the "AUTHORIZED DEDUCTIONS") in the amount of *** of Gross Sales Revenues with respect to all Non-PC Partner Products and *** with respect to all PC Partner Products. ***. ***. ***. EXHIBIT B
General Reserve. Each Group Member shall calculate the average annual write-offs of bad accounts, net of any subsequent recoveries, for the three-year period ended December 31, 2006 (the “Three-Year Average”), adjusted for non-recurring items or items specifically reserved for. The percentage derived by dividing the Three-Year Average (as adjusted) by the aggregate Accounts Receivable over that same period shall be multiplied by the Accounts Receivable balance as of the Effective Time to determine the General Reserve.
General Reserve. (a) Accrual of the General Reserve. UNIVERSAL shall be entitled to accumulate and maintain a cash reserve in the amounts set forth below in this Section 6.8(a) (subject to the provisions of paragraphs (b) and (c) below) which reserve shall be deducted from the amounts UNIVERSAL owes to Interplay and held by UNIVERSAL in dedicated account (the "General Reserve"). The General Reserve will be applied by UNIVERSAL to recover undisputed amounts owed to UNIVERSAL pursuant to Section 6.5 inclusive during the Term (and upon the expiration or termination of this Agreement). From September 1, 2001, through September 1, 2002 UNIVERSAL's will be entitled to set aside in the General Reserve *** percent (***%) of Monthly Gross Sales (as defined below) accrued in such fiscal months and *** % of the of Monthly Gross Sales accrued in such fiscal months thereafter until the expiration or termination of this Agreement. "
General Reserve. The Board of Directors shall establish and maintain a general reserve (the "General Reserve") from time to time in an amount equal to * , including amounts required to fund * , but excluding *, and also excluding * .
General Reserve. (a) On the Closing Date, the General Reserve shall be funded by the Seller up to the Required General Reserve Amount determined on such date.
