{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "the-general-partner", "type": "clause", "offset": [0, 19]}, {"key": "on-behalf-of", "type": "definition", "offset": [21, 33]}, {"key": "to-the-partnership", "type": "clause", "offset": [88, 106]}, {"key": "reserve-account", "type": "clause", "offset": [109, 124]}, {"key": "sole-discretion", "type": "clause", "offset": [143, 158]}, {"key": "to-pay", "type": "clause", "offset": [159, 165]}, {"key": "unforeseen-contingencies", "type": "clause", "offset": [170, 194]}, {"key": "in-connection-with", "type": "clause", "offset": [213, 231]}, {"key": "partnership-business", "type": "clause", "offset": [255, 275]}, {"key": "not-limited", "type": "clause", "offset": [291, 302]}, {"key": "rent-subsidy", "type": "clause", "offset": [315, 327]}, {"key": "to-maintain", "type": "clause", "offset": [337, 348]}, {"key": "compliance-with-the", "type": "clause", "offset": [364, 383]}, {"key": "credit-conditions", "type": "clause", "offset": [388, 405]}, {"key": "debt-service", "type": "clause", "offset": [419, 431]}, {"key": "payments-for", "type": "clause", "offset": [441, 453]}, {"key": "other-funds", "type": "clause", "offset": [460, 471]}, {"key": "to-establish", "type": "definition", "offset": [756, 768]}], "snippet": "The General Partner, on behalf of the Partnership, may establish out of funds available to the Partnership a reserve account sufficient in its sole discretion to pay any unforeseen contingencies which might arise in connection with the furtherance of the Partnership business including, but not limited to, (a) any rent subsidy required to maintain rent levels in compliance with the Tax Credit Conditions; and (b) any debt service or other payments for which other funds are not provided for hereunder or otherwise expected to be available to the Partnership. The General Partner shall not be liable for any good-faith estimate which it shall make in connection with establishing or maintaining any such reserves nor shall the General Partner be required to establish or maintain any such reserves if, in its sole discretion, such reserves do not appear to be necessary.", "samples": [{"hash": "k0D3bpUqXZO", "uri": "/contracts/k0D3bpUqXZO#other-reserves", "label": "Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9)", "score": 18.0, "published": true}, {"hash": "jSLaGcoUftZ", "uri": "/contracts/jSLaGcoUftZ#other-reserves", "label": "Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9)", "score": 18.0, "published": true}, {"hash": "ig8c3JYKiT5", "uri": "/contracts/ig8c3JYKiT5#other-reserves", "label": "Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 10)", "score": 18.0, "published": true}], "size": 64, "hash": "365cb1eb8e0c7516816515c5f433545a", "id": 1}, {"snippet_links": [{"key": "medical-care", "type": "clause", "offset": [15, 27]}, {"key": "by-a-third-party", "type": "clause", "offset": [58, 74]}, {"key": "contributions-to", "type": "clause", "offset": [76, 92]}, {"key": "child-support", "type": "definition", "offset": [113, 126]}, {"key": "income-taxes", "type": "definition", "offset": [141, 153]}, {"key": "purchase-of", "type": "clause", "offset": [189, 200]}, {"key": "maximum-value", "type": "clause", "offset": [235, 248]}, {"key": "maintenance-allowance", "type": "clause", "offset": [296, 317]}, {"key": "monthly-basis", "type": "clause", "offset": [335, 348]}, {"key": "the-client", "type": "clause", "offset": [352, 362]}, {"key": "the-criteria", "type": "clause", "offset": [369, 381]}], "snippet": "Other incurred medical care costs that are not reimbursed by a third party. Contributions to reserves limited to child support, alimony, and income taxes. Contributions to reserves for the purchase of an irrevocable burial plan with a maximum value of $5000. Contributions to reserves for a home maintenance allowance may be made on a monthly basis if the client meets the criteria of OAR 461-155-0660 or OAR 461-160-0630.", "samples": [{"hash": "9reV4Yr0dnm", "uri": "/contracts/9reV4Yr0dnm#other-reserves", "label": "Irrevocable Living Trust Agreement", "score": 24.3908290863, "published": true}, {"hash": "d9gHdUrdgHj", "uri": "/contracts/d9gHdUrdgHj#other-reserves", "label": "Irrevocable Living Trust Agreement", "score": 19.0, "published": true}, {"hash": "cZH63XA5whq", "uri": "/contracts/cZH63XA5whq#other-reserves", "label": "Irrevocable Living Trust Agreement", "score": 19.0, "published": true}], "size": 6, "hash": "a82c7c2715ae23cdccabf61165785b2a", "id": 2}, {"snippet_links": [{"key": "borrowing-base-certificate", "type": "clause", "offset": [20, 46]}, {"key": "the-closing-date", "type": "clause", "offset": [60, 76]}], "snippet": "As set forth on the Borrowing Base Certificate delivered on the Closing Date.", "samples": [{"hash": 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"type": "clause", "offset": [1645, 1661]}, {"key": "consent-of-the-required-lenders", "type": "clause", "offset": [1682, 1713]}, {"key": "domestic-lending-office", "type": "definition", "offset": [1715, 1738]}, {"key": "the-office", "type": "clause", "offset": [1751, 1761]}, {"key": "each-lender", "type": "clause", "offset": [1765, 1776]}, {"key": "schedule-1", "type": "definition", "offset": [1799, 1809]}, {"key": "other-office", "type": "definition", "offset": [1835, 1847]}, {"key": "within-the-united-states", "type": "clause", "offset": [1880, 1904]}, {"key": "base-rate-loans", "type": "clause", "offset": [1940, 1955]}], "snippet": "Anything to the contrary in this Credit Agreement notwithstanding, the Administrative Agent reserves the right, in consultation with the Co-Borrowers (but without their consent) and upon ten (10) Business Days notice to the Co-Borrowers, without declaring an Event of Default, to change eligibility criteria contained in the definitions of Eligible Credit Card Receivables and Eligible Inventory, to change and/or establish reserves taken in respect of Eligible Inventory and Eligible Credit Card Receivables from time to time and/or to reduce the advance rates against the Domestic Borrowing Base or any component thereof in such amounts, and with respect to such matters, as the Administrative Agent in its reasonable discretion exercised in a commercially reasonable manner shall deem necessary or appropriate, from time to time based upon the results of any collateral examination conducted pursuant to Section 8.9.2, appraisals or any other sources of information which demonstrate in the Administrative Agent's reasonable discretion exercised in a commercially reasonable manner a change in the collectability of Accounts Receivable and/or the marketability of inventory and/or other market changes affecting the value of accounts or inventory comprising the Domestic Borrowing Base; provided that any such change in eligibility criteria, or any such change and/or establishment of reserves taken in respect of Eligible Inventory and Eligible Credit Card Receivables and/or any such reduction in the advance rates made pursuant to this paragraph shall be no more favorable to the Co-Borrowers than as set forth in this Credit Agreement on the Closing Date without the written consent of the Required Lenders. Domestic Lending Office. Initially, the office of each Lender designated as such in Schedule 1 hereto; thereafter, such other office of such Lender, if any, located within the United States that will be making or maintaining Base Rate Loans.", "samples": [{"hash": "6n3hUWnKD2P", "uri": "/contracts/6n3hUWnKD2P#other-reserves", "label": "Multicurrency Revolving Credit Agreement (Borders Group Inc)", "score": 18.0, "published": true}, {"hash": "6hgrT0OhSNf", "uri": "/contracts/6hgrT0OhSNf#other-reserves", "label": "Multicurrency Revolving Credit Agreement (Borders Group Inc)", "score": 18.0, "published": true}], "size": 4, "hash": "a0a09b7b918c188c517a82020d96955f", "id": 4}, {"snippet_links": [{"key": "the-administrative-agent", "type": "definition", "offset": [0, 24]}, {"key": "permitted-discretion", "type": "clause", "offset": [37, 57]}, {"key": "us-borrowing", "type": "definition", "offset": [130, 142]}, {"key": "changes-to", "type": "clause", "offset": [163, 173]}, {"key": "notice-thereof", "type": "clause", "offset": [225, 239]}, {"key": "the-borrower-representative", "type": "clause", "offset": [243, 270]}, {"key": "the-lenders", "type": "clause", "offset": [275, 286]}, {"key": "at-any-time", "type": "clause", "offset": [343, 354]}, {"key": "reference-to", "type": "definition", "offset": [378, 390]}, {"key": "most-recent", "type": "definition", "offset": [395, 406]}, {"key": "aggregate-borrowing-base-certificate", "type": "definition", "offset": [407, 443]}, {"key": "other-borrowing", "type": "clause", "offset": [453, 468]}, {"key": "pursuant-to-section", "type": "definition", "offset": [524, 543]}, {"key": "this-agreement", "type": "clause", "offset": [555, 569]}, {"key": "provided-that", "type": "definition", "offset": [571, 584]}, {"key": "reporting-reserve-period", "type": "definition", "offset": [594, 618]}, {"key": "direction-of-the-required-lenders", "type": "definition", "offset": [720, 753]}], "snippet": "The Administrative Agent may, in its Permitted Discretion, adjust Reserves used in computing the Aggregate Borrowing Base and the US Borrowing Base, with any such changes to be effective three Business Days after delivery of notice thereof to the Borrower Representative and the Lenders. The Aggregate Borrowing Base and the US Borrowing Base at any time shall be determined by reference to the most recent Aggregate Borrowing Base Certificate and each other Borrowing Base Certificate delivered to the Administrative Agent pursuant to Section 5.01(f) of this Agreement; provided that during a Reporting Reserve Period, the US Borrowing Base may, in the Permitted Discretion of the Administrative Agent, or shall at the direction of the Required Lenders, be reduced by the Reporting Reserve.", "samples": [{"hash": "fK1jdLZrB1u", "uri": "/contracts/fK1jdLZrB1u#other-reserves", "label": "Credit Agreement (ODP Corp)", "score": 35.35181427, "published": true}, {"hash": "6cdOvxKUqs8", "uri": "/contracts/6cdOvxKUqs8#other-reserves", "label": "Second Amendment (ODP Corp)", "score": 34.2594108582, "published": true}, {"hash": "7xzqCidH9EX", "uri": "/contracts/7xzqCidH9EX#other-reserves", "label": "Credit Agreement (Office Depot Inc)", "score": 29.2997951508, "published": true}], "size": 3, "hash": "204177d185bec341e5518e19ebb386e7", "id": 5}, {"snippet_links": [{"key": "the-provider", "type": "definition", "offset": [0, 12]}, {"key": "reserve-funds", "type": "definition", "offset": [22, 35]}, {"key": "as-required", "type": "clause", "offset": [36, 47]}, {"key": "pursuant-to-section", "type": "definition", "offset": [48, 67]}], "snippet": "The Provider fails to reserve funds as required pursuant to Section 5.11(b) or (c).", "samples": [{"hash": "8AHE21koeE8", "uri": "/contracts/8AHE21koeE8#other-reserves", "label": "Healthcare Receivables Purchase and Transfer Agreement (Nu Tech Bio Med Inc)", "score": 18.0, "published": true}, {"hash": "3tx7kVOQ8ll", "uri": "/contracts/3tx7kVOQ8ll#other-reserves", "label": "Healthcare Receivables Purchase and Transfer Agreement (Physicians Clinical Laboratory Inc)", "score": 18.0, "published": true}], "size": 2, "hash": "f7110155be46896d85a33c20bfd39979", "id": 6}, {"snippet_links": [{"key": "reasonable-discretion", "type": 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"taken-as-a-whole", "type": "clause", "offset": [824, 840]}, {"key": "borrowing-base-report", "type": "clause", "offset": [907, 928]}, {"key": "collateral-report", "type": "clause", "offset": [938, 955]}, {"key": "information-furnished", "type": "clause", "offset": [969, 990]}, {"key": "by-or-on-behalf-of", "type": "definition", "offset": [1010, 1028]}, {"key": "agent-shall", "type": "definition", "offset": [1253, 1264]}, {"key": "each-case", "type": "definition", "offset": [1268, 1277]}, {"key": "based-on", "type": "definition", "offset": [1281, 1289]}, {"key": "reasonable-relationship", "type": "definition", "offset": [1356, 1379]}, {"key": "applicable-event", "type": "definition", "offset": [1387, 1403]}, {"key": "in-clause", "type": "clause", "offset": [1446, 1455]}, {"key": "applicable-report", "type": "definition", "offset": [1486, 1503]}], "snippet": "As determined by the Administrative Agent in its reasonable discretion exercised in a commercially reasonable manner, such amounts as the Administrative Agent may from time to time establish and revise (a) to reflect events, conditions, contingencies or risks which do, or which the Administrative Agent believes may reasonably be expected to, (i) adversely affect either (A) any Collateral, the rights of the Administrative Agent or any of the Lenders in any Collateral or its value or (B) the security interest and other rights of the Administrative Agent or any of the Lenders in the Collateral (including the enforceability, perfection and priority thereof) or (ii) adversely affect in any material respect the business or financial condition of any of the Borrowers individually or the Borrowers and their Subsidiaries taken as a whole or (b) to reflect the belief of the Administrative Agent that any Borrowing Base Report or other collateral report or financial information furnished (or not furnished) by or on behalf of the Borrowers to the Administrative Agent or any of the Lenders is or may have been incomplete, inaccurate or misleading in any material respect. The amount of any Other Reserves established or revised by the Administrative Agent shall in each case be based on the Administrative Agent's determination that such amount bears a reasonable relationship to the applicable event, condition, contingency or risk described in clause (a) of this definition or the applicable report or information described in clause (b) of this definition.", "samples": [{"hash": "6n3hUWnKD2P", "uri": "/contracts/6n3hUWnKD2P#other-reserves", "label": "Multicurrency Revolving Credit Agreement (Borders Group Inc)", "score": 18.0, "published": true}, {"hash": "6hgrT0OhSNf", "uri": "/contracts/6hgrT0OhSNf#other-reserves", "label": "Multicurrency Revolving Credit Agreement (Borders Group Inc)", "score": 18.0, "published": true}], "size": 2, "hash": "2c9942c8a5f72206f67ac3035c4876ed", "id": 7}, {"snippet_links": [{"key": "carried-forward", "type": "clause", "offset": [12, 27]}, {"key": "commencement-of-this-agreement", "type": "clause", "offset": [55, 85]}, {"key": "settlement-of", "type": "clause", "offset": [137, 150]}, {"key": "given-year", "type": "definition", "offset": [164, 174]}], "snippet": "or a profit carried forward from the time prior to the commencement of this Agreement may neither be transferred as a profit nor used in settlement of a loss for a given year.", "samples": [{"hash": "bWuff8U18Wi", "uri": "/contracts/bWuff8U18Wi#other-reserves", "label": "Corporate Governance and Profit Transfer Agreement", "score": 21.212808609, "published": true}, {"hash": "fdh47Zl89vW", "uri": "/contracts/fdh47Zl89vW#other-reserves", "label": "Corporate Governance and Profit Transfer Agreement", "score": 19.1067752838, "published": true}], "size": 2, "hash": "304a197f8135a189b65fbee0d7eb0cc1", "id": 8}, {"snippet_links": [{"key": "the-general-partner", "type": "clause", "offset": [0, 19]}, {"key": "on-behalf-of", "type": "definition", "offset": [21, 33]}, {"key": "the-partnership", "type": "clause", "offset": [34, 49]}, {"key": "the-capital-contribution", "type": "clause", "offset": [76, 100]}, {"key": "section-72", "type": "clause", "offset": [115, 126]}, {"key": "interest-bearing", "type": "definition", "offset": [139, 155]}, {"key": "partnership-account", "type": "definition", "offset": [156, 175]}, {"key": "approval-of", "type": "definition", "offset": [277, 288]}, {"key": "special-limited-partner", "type": "clause", "offset": [313, 336]}, {"key": "economic-occupancy", "type": "definition", "offset": [391, 409]}, {"key": "based-on", "type": "definition", "offset": [418, 426]}, {"key": "approved-by", "type": "clause", "offset": [465, 476]}, {"key": "the-special", "type": "definition", "offset": [477, 488]}, {"key": "the-funding", "type": "clause", "offset": [542, 553]}, {"key": "operating-reserve-funds", "type": "definition", "offset": [591, 614]}, {"key": "initial-release", "type": "clause", "offset": [711, 726]}, {"key": "project-operations", "type": "definition", "offset": [830, 848]}, {"key": "accrued-interest", "type": "clause", "offset": [863, 879]}, {"key": "at-the-end-of", "type": "clause", "offset": [936, 949]}, {"key": "available-to", "type": "definition", "offset": [1058, 1070]}, {"key": "having-been", "type": "clause", "offset": [1120, 1131]}, {"key": "deferred-development-fee", "type": "definition", "offset": [1179, 1203]}], "snippet": "The General Partner, on behalf of the Partnership, will deposit $100,000 of the capital contribution referenced in Section 7.2 (g) into an interest bearing Partnership account (\"Operating Reserve\"). Funds from the Operating Reserve can only be disbursed with the prior written approval of the General Partner and Special Limited Partner. Notwithstanding, if (a) the Partnership maintains an economic occupancy of 93% (based on the Partnership's Accountant's report approved by the Special Limited Partner) for 12 consecutive months following the funding of the Operating Reserve, and (b) no Operating Reserve funds have been utilized, then the Special Limited Partner will approve the disbursement of $50,000 (\"Initial Release\") of the Operating Reserve to the General Partner. In any event, the full $100,000 less funds used for project operations but including accrued interest will unconditionally be released to the General Partner at the end of 24 months from the time the capital contribution referenced in Section 7.2 (g) has been paid. Any funds not available to be disbursed to the General Partner by reason of having been used for project operations will be considered deferred development fee.", "samples": [{"hash": "aycx1wgJoP3", "uri": "/contracts/aycx1wgJoP3#other-reserves", "label": "Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 10)", "score": 18.0, "published": true}, {"hash": "3cmKIDfYy8a", "uri": "/contracts/3cmKIDfYy8a#other-reserves", "label": "Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9)", "score": 18.0, "published": true}], "size": 2, "hash": "3d8ea66079f978cde029a43c79f649cf", "id": 9}, {"snippet_links": [{"key": "borrower-shall", "type": "clause", "offset": [0, 14]}, {"key": "additional-reserves", "type": "clause", "offset": [30, 49]}, {"key": "to-fund", "type": "definition", "offset": [72, 79]}, {"key": "by-lender", "type": "definition", "offset": [124, 133]}, {"key": "debt-service-reserve", "type": "clause", "offset": [153, 173]}, {"key": "tax-and-insurance-reserve", "type": "definition", "offset": [179, 204]}, {"key": "free-rent-reserve", "type": "clause", "offset": [213, 230]}, {"key": "replacement-reserve", "type": "clause", "offset": [236, 255]}], "snippet": "Borrower shall establish such additional reserves in amounts sufficient to fund any additional reserves reasonably required by Lender (together with the Debt Service Reserve, the Tax and Insurance Reserve and the Free Rent Reserve, the Replacement Reserve being sometimes referred to herein collectively as the \u201cReserves\u201d).", "samples": [{"hash": "99Qhpx8BkwB", "uri": "/contracts/99Qhpx8BkwB#other-reserves", "label": "Loan and Security Agreement (NNN 2003 Value Fund LLC)", "score": 21.0, "published": true}], "size": 2, "hash": "43c24c07dc480fac270411a4f6ea210a", "id": 10}], "next_curs": "ClcSUWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjMLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhdvdGhlci1yZXNlcnZlcyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Other Reserves", "parents": [["working-capital-and-reserves", "Working Capital and Reserves"], ["definitions", "Definitions"], ["books-and-accounts", "Books and Accounts"], ["reserves", "Reserves"], ["distribution-during-beneficiarys-life", "Distribution During Beneficiarys Life"]], "children": [["payments-to-the-general-partners-and-others", "Payments to the General Partners and Others"], ["power-and-authority-of-general-partner", "Power and Authority of General Partner"], ["specific-powers-of-the-general-partner", "Specific Powers of the General Partner"], ["authority-requirements", "Authority Requirements"], ["", ""]], "size": 114, "id": "other-reserves", "related": [["shares-reserved", "Shares Reserved", "Shares Reserved"], ["tax-reserves", "Tax Reserves", "Tax Reserves"], ["stock-reserve", "Stock Reserve", "Stock Reserve"], ["company-to-reserve-shares", "Company to Reserve Shares", "Company to Reserve Shares"], ["additional-reserve-requirements", "Additional Reserve Requirements", "Additional Reserve Requirements"]], "related_snippets": [], "updated": "2025-07-24T06:48:57+00:00", "also_ask": ["What strategic advantages can be gained by broadening or narrowing the definition of 'Other Reserves'?", "Which essential elements must be included to ensure clarity and enforceability of 'Other Reserves' provisions?", "What are the most common risks or ambiguities that could undermine the effectiveness of an 'Other Reserves' clause?", "How do 'Other Reserves' clauses in this agreement compare to market standards or similar clauses in competitor contracts?", "What factors have courts considered when determining the enforceability or interpretation of 'Other Reserves' clauses?"], "drafting_tip": "Specify the types and purposes of other reserves to prevent misinterpretation; detail calculation methods to ensure transparency; require periodic review to maintain relevance.", "explanation": "The 'Other Reserves' clause defines the establishment and management of additional financial reserves beyond those specifically itemized elsewhere in an agreement. This clause typically allows a party, such as a lender or landlord, to require the creation of reserves for anticipated but unspecified expenses, such as future repairs, taxes, or insurance premiums. By including this provision, the agreement ensures that sufficient funds are set aside to cover unforeseen or variable costs, thereby reducing financial risk and promoting fiscal responsibility throughout the term of the contract."}, "json": true, "cursor": ""}}