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Common use of Loss Reserves Clause in Contracts

Loss Reserves. If necessary, maintain loss reserves in an amount, calculated as of the last day of each month, which is in accordance with GAAP.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Americas Carmart Inc), Agented Revolving Credit Agreement (Americas Carmart Inc)

Related Clauses

  • Insurance Reserves
  • Tax Reserves
  • Additional Reserve Costs
  • Allowance for Loan and Lease Losses
  • Allowance for Possible Loan Losses

Parent Clauses

  • Covenants and Continuing Agreements
  • Affirmative Covenants
  • Representations and Warranties
  • Financial Covenants
  • Additional Seller Representations and Warranties
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