Reserve multiple definition

Reserve multiple means a measure of the fund reserve that expresses the current fund reserve ratio as a multiple of the composite cost rate. The reserve multiple must be rounded to 2 decimal places. For rate years that begin on and after January 1, 2000, the "reserve multiple" is a measure of the fund reserve that expresses the current fund reserve ratio as a multiple of the average benefit cost rate.[PL 1999, c. 464, §10 (AMD).]

Reserve multiple has the meaning given to such term in Clause 15.11 (Definitions) of the Issuer/Borrower Facility Agreement;

Reserve multiple means (subject to any adjustments on the grant of Additional Term Advances agreed with the Rating Agencies):

Examples of Reserve multiple in a sentence

• The Project would support the consultations and demarcation process to define the final boundary of the Marine Reserve (multiple use).

• The Project would support the demarcation process to define the official boundary of the Marine Reserve (multiple use).

• In Reserve, multiple experts testified that each of Reserve’s policies covered insurable risks, and the government conceded that this was the case with respect to risks covered in at least 11 of the 14 policies.

• The Project would support the culturally appropriate consultations and demarcation process to define the final boundary of the Marine Reserve (multiple use).

• Reserve multiple acquisition metrics associated with the Acquisition are: Total Proved: $ 24.20/boe Proved + Probable: $ 17.16/boe As discussed above, virtually all of the Assets being acquired do not have a conventional lessor’s royalty attached to them.

• Furthermore, on an Ore Reserve basis, the Westgold Offer implies an Enterprise Value / Reserve multiple of $262 per ounce.