Minimum reserves Sample Clauses
The Minimum Reserves clause sets a required baseline amount of funds or assets that a party, typically a borrower or tenant, must maintain at all times during the term of an agreement. In practice, this clause may require the party to keep a specified sum in a designated account or to maintain a certain level of inventory or working capital, with periodic checks to ensure compliance. Its core function is to provide assurance to the other party—such as a lender or landlord—that sufficient resources are available to meet ongoing obligations, thereby reducing the risk of default or financial instability.
Minimum reserves. Permit the aggregate amount of reserves maintained by the Regulated Insurance Subsidiaries to be less than the Required Reserves at the end of any fiscal year.
Minimum reserves. 1. Upon request of a participant subject to a minimum reserve requirement, the NBB shall mark one or more MCAs or DCAs belonging to that participant in TARGET-BE as held for the purpose of fulfilling minimum reserve requirements. 2Guideline (EU) 2019/671 of the European Central Bank of 9 April 2019 on domestic asset and liability management operations by the national central banks (ECB/2019/7) (OJ L 113, 29.04.2019, p. 11). 3Council Regulation (EC) No 2531/98 of 23 November 1998 concerning the application of minimum reserves by the European Central Bank (OJ L 318, 27.11.1998, p. 1). 4Decision (EU) 2019/1743 of the European Central Bank of 15 October 2019 on the remuneration of holdings of excess reserves and of certain deposits (ECB/2019/31) (OJ L 267, 21.10.2019, p. 12).
2. For the purpose of fulfilment of minimum reserve requirements, where applicable to the participant, the sum of the end-of-day balances of all accounts held by that participant with the NBB and marked for that purpose, shall be taken into account.
Minimum reserves. 19.1 Subject to Article 2, the ECB may require credit institutions established in Member States to hold minimum reserve on accounts with the ECB and national central banks in pursuance of monetary policy objectives. Regulations concerning the calculation and determination of the required minimum reserves may be established by the Governing Council. In cases of non-compliance the ECB shall be entitled to levy penalty interest and to impose other sanctions with comparable effect.
19.2 For the application of this Article, the Council shall, in accordance with the procedure laid down in Article 41, define the basis for minimum reserves and the maximum permissible ratios between those reserves and their basis, as well as the appropriate sanctions in cases of non-compliance.
Minimum reserves. Maintain a minimum level of reserves such as ---------------- Agent may establish in good faith.
Minimum reserves. A. Loss Reserve Calculation Total [*] Delinquency Ratio
1) [*] Dec-16 [*]
2) [*] Nov-16 [*]
3) [*] Oct-16 [*] Loss Reserve ((1 - 2) * 3) Sep-16 [*] Aug-16 [*] Loss Percentage Calculation Jul-16 [*]
4) [*] Jun-16 [*] 5) [*] May-16 [*] 6) [*] (see below) Apr-16 [*]
Minimum reserves. Subject to Article 2, the ECB may require credit institutions established in Member States to hold minimum reserves on accounts with the ECB and national central banks in pursuance of monetary policy objectives. Regulations concerning the calculation and determination of the required minimum reserves may be established by the Governing Council. In cases of non-compliance the ECB shall be entitled to levy penalty interest and to impose other sanctions with comparable effect.