financial reserves definition
financial reserves means liquid assets tied up in a credit institution (cash deposits or debt securities issued or guaranteed by a credit institution or the government with a remaining maturity of more than 180 days that can be redeemed or liquidated on demand) or a bank guarantee;
financial reserves means, with respect to any fiscal period, funds set aside or amounts allocated during such period to reserves which shall be maintained in amounts deemed sufficient by the Managers for working capital and to pay taxes, insurance, debt service or other costs or expenses incident to the ownership or operation of the Company's business.
financial reserves means a financial adjustment to properly state inventory value that brings the gross value to the net book value. Excess inventory is reserved if there is inventory above the six (6) month demand. Buyer will receive full credit for the Net Value of the Unique Materials, Common Materials and WIP, in the form of six (6) monthly credits from Supplier, such that Buyer has recovered the full Net Value of such materials during the first six (6) months from the Effective Date. All Unique Material that is reserved material will be identified by part and quantity; Common Materials and WIP do not have reserves. Six (6) months from the Effective Date, Supplier will determine the remaining Unique Material reserved inventory on a part by part basis and all remaining reserved material inventory will be deemed "INACTIVE MATERIAL." Inactive Material will be dispensed with the manner prescribed in Section 5.1(b)(ii). Relative to such application of Section 5.1 under this Section 2.l(c)(i), the Parties agree that the "cost" for such purposes will be the transfer cost of such Inactive Material reserved inventory as described in this Section (e.g., if the material is transferred to Supplier at zero (0) "Net Value", then Supplier's "cost" would be $0.00). Reserved inventory used by Supplier by the sixth (6th) month determination will be credited to Buyer after the seventh (7th) month from the Effective Date.
More Definitions of financial reserves
financial reserves means the net assets of the Association from Facility-Generated Revenue or grant, donation, fundraising or membership fee revenue