Settlement Reserves definition

Settlement Reserves means the aggregate amount of Tort Settlement Amounts plus the face amount of any filed proof of claim asserting a Tort Claim against the Debtors, the sum of which shall be reserved from the Self-Insured Trust until such time the Tort Claims are settled and paid or otherwise reduced to judgment and paid.
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Settlement Reserves means the reserves for the Reinsured Claims calculated in accordance with the actual means, methodologies, principles, practices, procedures and policies used by the Company in calculating reserve and claim liabilities for the Reinsured Claims and the Related Policies for purposes of the Company’s year- end 1998 statutory financial statements as disclosed by the Company to the Reinsurer prior to the date of this Agreement (including, but not limited to, the fact that the Company has calculated reserves for the Reinsured Claims using the 1964 CDT table at 3% for disabilities incurred prior to 1993 and the 1987 CGDT table at 5% for disabilities incurred after 1992).
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Examples of Settlement Reserves in a sentence

  • The Short Title of this Act is " The West Coast Settlement Reserves Act, 1892." 2.

  • A BILL INTITULED AN AcT to repeal the West Coast Settlement Reserves Acts, and to alter the Law relating to the Administration thereof.

  • In fixing the rent the improvements on the land - West Coasl Settlement Reserves.

  • The Public Trustee shall forthwith proceed to collect all arrears of rent and other moneys owing in respect of reserves ; and 50 for such purposes all the rights and powers of the Public Trustee under the said Acts, and any leases made by him, are, notwithstand- ing the repeal of the said Acts, hereby effected to continue and remain of the same force and effect as if the said Acts were not 4 Tfest Coast Settlement Reserves Acts kinendment.

  • That, including the said lands, I am not the owner, tenant, or oceupier, directly or indirectly, either by myself or jointly with any other person or persons, of any lands being portions of reserves within the meaning of " The West Coast Settlement Reserves Act, 1892," exceeding in the whole six hundred and forty acres.

  • AN AcT to amend the West Coast Settlement Reserves Acts, and Title.

  • Special Funds are Statewide funds that are not unique to any one agency: swf301 Catastrophic Event Fundswf302 Major Information Technology Development Project Fund swf305 Cigarette Restitution Fundswf306 Special Revenue Fund-Tobacco Settlement Reserves swf307 Dedicated Purpose Fundswf308 IWIF-Safety Incentive Grant Program Fund swf309 Chesapeake Bay Restoration Fund Federal FundsThe six digit Catalog of Federal Domestic Assistance (CFDA) number.

  • Finally, function main, lines 20 through 25 of Figure 2, instantiates the Traffic- Light, light, and changes the light ten times.Figure 3 illustrates our profiling of the traffic light in Figure 2.

  • CLause 24 provides that this Part is to apply to sales of freehold farmland and to sales of the lessees' interests under leases granted under the West ' Coast Settlement Reserves Aet, 1892, as well as to options for such sales.

  • Upon payment of the amounts set forth in this Stipulation, the Debtors and/or Reorganized Debtors shall be authorized in their sole discretion to use the funds held in the Self-Insured Trust, which the Debtors maintain was terminated, in an amount equal to 100% of those funds exceeding the Tort Settlement Amounts and Settlement Reserves.

Related to Settlement Reserves

  • Replacement Reserve As defined in Section 9.5.1.

  • Cash Management Reserves means such reserves as the Administrative Agent, from time to time, determines in its Permitted Discretion as being appropriate to reflect the reasonably anticipated liabilities and obligations of the Loan Parties with respect to Cash Management Services then provided or outstanding.

  • Cash Reserve means (i) at any time after the occurrence and during the continuation of a Level One Trigger, [*] of the aggregate Investment at such time and (ii) at any other time, an amount equal to 1% of the aggregate Investment at such time.

  • Rent Reserve means, with respect to any plant, warehouse distribution center or other operating facility where any Inventory subject to landlords’ Liens or other Liens arising by operation of law is located and a Collateral Access Agreement has not been duly executed and delivered by the lessor or bailee at such location, a reserve equal to three (3) month’s rent at such plant, warehouse distribution center, or other operating facility, and such other reserve amounts that may be determined by the Administrative Agent in its reasonable discretion.

  • Replacement Reserve Fund shall have the meaning set forth in Section 7.3.1 hereof.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Interest Reserve means, for any Calculation Period, the product (expressed as a percentage) of (i) 1.5 times (ii) the Alternate Base Rate as of the immediately preceding Cut-Off Date times (iii) a fraction the numerator of which is the highest Days Sales Outstanding for the most recent 12 Calculation Periods and the denominator of which is 360.

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • PDP Reserves means Proven Reserves which are categorized as both "Developed" and "Producing" in the definitions promulgated by the Society of Petroleum Evaluation Engineers and the World Petroleum Congress as in effect at the time in question.

  • Disputed Claims Reserve means a reserve of Cash that may be funded on or after the Effective Date pursuant to Article VII.E hereof.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Interest Reserve Amount has the meaning set forth in Section 5.1(d).

  • Capital Reserves means, for any period and with respect to a Property, an amount equal to (a) $0.05 per square foot times (b) a fraction, the numerator of which is the number of days in such period and the denominator of which is 365. If the term Capital Reserves is used without reference to any specific Property, then the amount shall be determined on an aggregate basis with respect to all Properties of the Trust and its Subsidiaries and a proportionate share of all Properties of all Unconsolidated Affiliates.

  • Bank Product Reserves means all reserves which the Agent from time to time establishes in its reasonable discretion for the Bank Products then provided or outstanding.

  • Settlement Fund means the Settlement Amount plus any and all interest earned thereon.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Bank Product Reserve means the aggregate amount of reserves established by the Administrative Agent from time to time in its Permitted Discretion in respect of Secured Bank Product Obligations.

  • Operating Reserve means generation capacity or load reduction capacity which can be called upon on short notice by either Party to replace scheduled energy supply which is unavailable as a result of an unexpected outage or to augment scheduled energy as a result of unexpected demand or other contingencies.

  • Settlement Funds means Standard Settlement Funds and Maximizing Settlement Funds.

  • Replacement Reserve Agreement means a Replacement Reserve and Security Agreement, reasonably required by the Lender, and completed in accordance with the requirements of the DUS Guide.

  • Capital Reserve means for any period and with respect to a Property (other than any Projects Under Development), an amount equal to the product of (i) the gross leaseable area contained in such Property (in square feet), multiplied by (ii) $0.30 per annum.

  • Required Reserves at any time means the sum of (a) the Yield Reserve, plus (b) the Servicing Fee Reserve, plus (c) the greater of (i) the sum of the Loss Reserve Ratio and the Dilution Reserve Percentage and (ii) the Minimum Percentage, each as in effect at such time, multiplied by the Net Pool Balance on such date.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Interest Reserve Account As defined in Section 3.4(d).

  • Gross Settlement Fund means the Settlement Amount plus all interest earned thereon.

  • Required Reserve Fund Amount With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds (ii) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. Provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of LIBOR Certificates has been reduced to zero, the Required Reserve Fund Amount shall be zero.