Reserve Balance definition

Reserve Balance means the excess, if any, of total contributions paid by each employer over total benefit charges to that employer’s experience rating record.

Reserve Balance means, with respect to a Participant subject to the Incentive Reserve, a bookkeeping record of the net balance of the amounts credited to and debited against such Participant's Incentive Reserve following the end of each fiscal year. For a Participant's first year of participation in the Plan, such Participant's Reserve Balance shall initially be equal to zero.

Reserve Balance means, in relation to any Reserve Account the balance on that Reserve Account determined by the Trustee by reference to the Unit Price applicable to the appropriate Constituent Fund or Constituent Funds on that date (or, in respect of any Non-Unitised Fund, in such other manner as the Trustee may determine) and having taken account of any deduction due to Clauses 15(A) and 15(C).

Examples of Reserve Balance in a sentence

• On the Closing Date, the Depositor will deposit or cause to be deposited the Specified Reserve Balance into the Reserve Account from the net proceeds of the sale of the Notes.

• All interest and other income (net of losses and investment expenses) on funds on deposit in the Reserve Account shall, upon the written direction of the Servicer, be paid to the Seller on any Payment Date to the extent that funds on deposit therein, as certified by the Servicer, exceed the Specified Reserve Balance.

• Statutory arrangements require that the impact on the Revenue Reserve Balance is neutralised by transfers to or from the Account.

• Any project which receives LHC Soft Funds and which evidences satisfaction of the Minimum Reserve Balance will be permitted a Capital Recovery Payment on Taxpayer Capital equal to 350 basis points above the comparable Treasury bill yields as of the Closing Date that are coterminous with the return of taxpayer capital over a maximum ten (10) year period.

• Reserves are created by appropriating amounts out of the General Reserve Balance in the Movement in Reserves Statement.

More Definitions of Reserve Balance

Reserve Balance means (i) the sum of (A) the reserve with respect to the Maple Ridge Matter on the financial statements of the Acquired Companies as of the Closing Date, and (B) the reserve with respect to the Hearthstone Matter on the financial statements of the Acquired Companies as of the Closing Date, less (ii) the receivable as set forth on the financial statements of the Acquired Companies as of the Closing Date with respect to the Hearthstone Matter.

Reserve Balance means, (a) on the Issue Date, the Initial Reserve Balance and (b) on any date thereafter, a percentage (which may be positive or negative) determined by the Calculation Agent on any day as being equal to (I) the Initial Reserve Balance plus (II) the sum of all Portfolio Change Request Trading Entries as at such day, minus (III) the Other Trading Balance Adjustments as at such day, minus (IV) the Cumulative Monetised Subordination as at such day and minus (V) the Accumulated Loss as at such day, PROVIDED THAT the Accumulated Loss shall only be subtracted from the Reserve Balance to the extent that, following adjustment to the Reserve Balance pursuant to items (II) and (IV) above on such day, the Reserve Balance is greater than or equal to zero (such percentage subtracted from the Reserve Balance being the “Loss Absorbed By Reserve Account”).

Reserve Balance means the excess, if any, of total contributions paid by each employer

Reserve Balance means the difference between all contributions paid by an employer and credited to the employer's account for all periods before January 1 (including those paid before February 1 of the same year with respect to wages paid by the employer before January 1 of the same year) and July 1 and the total benefits chargeable to the employer's account for all periods before January 1 and July 1 of the same [year.] years.

Reserve Balance means, at any time, the amount reflected as the balance after reflecting all debits and credits to the Reserve Account at such time.

Reserve Balance means the then current balance in the Reserve Account.

Reserve Balance has the meaning assigned to it in the Accounts Agreement.