general provision definition

general provision means a loss reserve held against future and presently unidentified losses, and which is freely available to meet losses which subsequently materialise;
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general provision means a sum totalling a minimum of US$100,000 after deduction, in a manner consistent with past practices, of the Bad Debts as at July 31, 1999 with respect to Accounts Receivable recorded before July 31, 1999 and relating to sales made prior to July 30, 1999 but including a specific provision on doubtful accounts determined in a manner consistent with past practices. Notwithstanding anything to the contrary contained herein, any additional discretionary write-offs of equipment by the Purchaser shall not be utilised as part of the Pre-Tax Earnings calculation described above.
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general provision means the provision for assets classified as pass, notincluding provisions for assets classified as pass which the commercial bank has included in its specific provision
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Examples of general provision in a sentence

  • Combustion units in nonair basin areas must conform with the following: (1) General provision.

  • General provision; special cooperation; bilateral and multilateral agreements and arrangements (arts.

  • Combustion units in nonair basin areas shall conform with the following: (1) General provision.

  • General provision for loan losses of overseas branches is made as per the requirements of the respective central banks.

  • General provision is maintained at not less than 1% of the aggregate value of loans and advances that are not overdue for more than three months at the date of reporting period.

  • If a relevant part 63 standard incorporates the requirements of 40 CFR part 60, part 61 or other part 63 standards, the relevant part 63 standard must identify explicitly the applicability of each corresponding part 60, part 61, or other part 63 subpart A (General) provision.

  • Authority of the Inspector General provision Section 1515(a) of the ARRA provides authority for any representatives of the United States Inspector General to examine any records or interview any employee or officers working on this contract.

  • General provision against consumer loans is made in accordance with the requirements of the Prudential Regulations issued by the State Bank of Pakistan.

  • General provision for visitors, employees, and unauthorized persons.

  • Loss arising from any claim which is made subsequent to the policy period or discovery period which pursuant to General provision 5.5 is considered made during the policy period or discovery period shall also be subject to the same total aggregate limit of liability.


More Definitions of general provision

general provision means an overall amount of provision accumulated from and charged on both on- and off-balance sheet assets with predetermined provisioning rates based on the overall risks in the financial industry or in the banking activities.
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general provision a general provision standing as a charge against the consolidated profit of the Company and its Subsidiaries and included in the balance sheet of the Company and the Subsidiaries in the sum of £55,000
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general provision means a loss reserve held against future, presently unidentified losses and is thus freely available to meet losses which subsequently materialize;
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general provision. Interest cease to accrue Interest will cease to accrue on any part of the Principal Amount Outstanding of a Note from the Scheduled Redemption Date unless, upon due presentation, payment of principal is improperly withheld or refused or default is otherwise made in the payment thereof, in which case it will continue to bear interest in accordance with this Condition (as well after as before judgement) until whichever is the earlier of (i) the day on which all sums due in respect of such Note up to that day are received by or on behalf of the relevant Noteholder and (ii) the day which is seven days after the Principal Paying Agent or the Note Trustee has notified the relevant Noteholders either in accordance with Condition 15 or individually that it has received all sums due in respect of the relevant notes up to such seventh day (except to the extent that there is any subsequent default in payment).
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general provision means a provision in the Provisioning Account into which such amounts in respect of (i) potential creditors of the Issuer relating to this Series and/or (ii) Series Sundry Expenses as are required by the Issuer and/or the Series Security SPV to be paid into this provision are transferred on a Payment Date; provided that when such amounts become due and payable, such amounts standing to the credit of this provision will be transferred, on the relevant Payment Date, to the Transaction Bank Account;
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general provision means a loss reserve held against future and presently unidentified losses and
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Related to general provision

  • General Provisions means those portions of the Subscription Agreement headed “General Provisions” and contained on pages 7 to 12;

  • Supplemental Provisions means these Supplemental Provisions for Federally Funded Contracts, Grants, and Purchase Orders subject to the Federal Funding Accountability and Transparency Act of 2006, As Amended, as may be revised pursuant to ongoing guidance from the relevant Federal or State of Colorado agency or institution of higher education.

  • Other Definitional Provisions set forth in Section 1.2 of the Basic Servicing Agreement are incorporated by reference into this 2017-3 Servicing Supplement.

  • Additional Provisions shall have the meaning set forth in Section 15.01.

  • Special Provisions Special Provisions are specific conditions or requirements peculiar to the contract under consideration and are supplemental to the General Provisions. Should the Special Provisions conflict with the General Provisions, the Special Provisions shall prevail.

  • Limitation of Liability Insert the following Section 15, after Section 14:

  • Terms of Reference (TOR) means the document included in the RFP as Section 5 which explains the objectives, scope of work, activities, tasks to be performed, respective responsibilities of the Client and the Consultant, and expected results and deliverables of the assignment.

  • Optional Deferral Provision means, as to any Qualifying Capital Securities, a provision in the terms thereof or of the related transaction agreements to the effect that:

  • Standard Terms and Conditions or “Standard Terms” means these terms and conditions for the grant of the Loan to the Borrower by ABFL.

  • Arrangement Provisions means Part 9, Division 5 of the BCBCA;

  • Surviving Provisions has the meaning specified in Section 10.02.

  • General Terms means these terms and conditions.

  • Specific Terms and Conditions means the specific terms and conditions as described in section 6.1 (and, in relation to an Agreement between Envestra and a Network User, means the Specific Terms and Conditions which form part of that Agreement).

  • General Terms and Conditions means the General Terms and Conditions for Services Contracts as referenced on the RFP cover page.

  • Indemnification Provisions means each of the Debtors’ indemnification provisions currently in place whether in the Debtors’ bylaws, certificates of incorporation, other formation documents, board resolutions, or contracts for the current and former directors, officers, managers, employees, attorneys, other professionals, and agents of the Debtors and such current and former directors’, officers’, and managers’ respective Affiliates.

  • Terms of Reference (TORs) means the Terms of Reference that explains the objectives, scope of work, activities, and tasks to be performed, respective responsibilities of the Procuring Entity and the Consultant, and expected results and deliverables of the assignment.

  • Articles of Agreement means the Articles of Agreement of the Bank.

  • Restricted network provision means any provision which conditions the payment of benefits, in whole or in part, on the use of network providers.

  • Terms & Conditions means the Special Conditions of Contract and General Conditions of Contract herein mentioned and other stipulations incorporated in any part of Tender Document and /or Agreement.

  • URL Terms means the terms with which Customer must comply, which are located at a URL, referenced in this Agreement and are hereby incorporated by reference.

  • Definitions In this Agreement:

  • Terms of Reference (TOR) means the document included in the RFP as Section 5 which explains the objectives, scope of work, activities, tasks to be performed, respective responsibilities of the Client and the Consultant, and expected results and deliverables of the Assignment/job.

  • Transfer Provisions means the provisions of Section 00-00-000 of the FILOT Act, as amended or supplemented from time to time, concerning, among other things, the necessity of obtaining County consent to certain transfers. Any reference to any agreement or document in this Article I or otherwise in this Fee Agreement shall include any and all amendments, supplements, addenda, and modifications to such agreement or document.

  • Terms of Use means any privacy policy, terms of use or other terms and conditions made applicable by BNYM in connection with the Company’s or a Permitted User’s access to and use of a Component System or a BNYM Web Application or other access site or access method.

  • the data protection principles means the principles set out in Part I of Schedule 1 to that Act, as read subject to Part II of that Schedule and to section 27(1) of that Act;

  • Agreed Terms means, in relation to a document, such document in the terms agreed between the Seller and the Purchaser and signed for identification purposes by the Seller’s Lawyers and the Purchaser’s Lawyers, with such alterations as may be agreed in writing between the Seller and the Purchaser from time to time;