Paid-In Surplus Sample Clauses

Paid-In Surplus. The total amount of paid-in surplus by Pool members at the effective date of this Agreement is $1,902,824.00. The paid-in surplus contribution of any new member of the Pool shall be calculated by the Board on a basis consistent with the current paid-in surplus contributions of the existing members, calculated risk and loss history and any other reasonable criteria as may be determined by the Board. The paid-in surplus contribution of each Pool member shall be represented by a Certificate.
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Paid-In Surplus. Prior to returning any paid-in surplus represented by Certificates, the Board shall make a determination as to what amount of aggregate surplus it should maintain in accordance with sound industry practice. The withdrawing or terminated member shall only be entitled to the return of its share of paid-in surplus to the extent the aggregate surplus exceeds the amount so determined to be maintained, and only after the Pool has received the prior written approval of the Commissioner of Insurance. Any sums remaining unpaid shall be paid in one or more installments at such time or times as the Board determines following the above procedure. If at any time more than one Certificate is eligible for payment under this Section 7.3.2, then payments shall be made in proportion to the amount outstanding on each such Certificate in relation to the total outstanding on all such Certificates. Payments hereunder shall have priority over payment of Certificates held by members and paid under Section 6.7. Notwithstanding the provisions of this Section 7.3, any withdrawing or terminated member shall continue to be subject to Section 7.4 of this Agreement.
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Paid-In Surplus. The Directors may from time to time determine how much of the maintenance and other receipts shall be credited on the corporate accounts to “Paid-in-Surplus”. Unless the Directors shall determine otherwise, the amount of payments on account of principal of any mortgages shall be credited to Paid- in-Surplus.
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Paid-In Surplus. The Directors may from time to time as may be proper determine how much of the maintenance and other receipts, when received, shall be credited on the corporate accounts to "Paid-In Surplus" (but not more than such amount as represents payment on account of principal of mortgages on the property and other capital expenditures). Unless the Directors shall determine otherwise, the amount of payments on account of principal of any mortgages shall be credited to Paid-In Surplus.
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Related to Paid-In Surplus

  • STAFF SURPLUS When as a result of the substantial restructuring of the whole, or any parts, of the employer's operations; either due to the reorganisation, review of work method, change in plant (or like cause), the employer requires a reduction in the number of employees, or, employees can no longer be employed in their current position, at their current grade or work location (i.e. the terms of appointment to their present position), then the options in sub clause 25.3 below shall be invoked and decided on a case by case basis by the employer having due regard to the circumstances of the affected employee.

  • Items Returned Unpaid A written notice will be sent to you of transactions we are unable to process because of returned items. With respect to any item that you transmit to us for remote deposit that we credit to your account, in the event such item is dishonored, you authorize us to debit the amount of such item from your account.

  • In the Event of Forecasted Surpluses If the HSP is forecasting a surplus, the LHIN may adjust the amount of Funding to be paid under Schedule B, require the repayment of excess Funding and/or adjust the amount of any future funding installments accordingly.

  • Interest on Unpaid Balances Interest on any unpaid amount (including amounts placed in escrow) shall be calculated in accordance with the method specified for interest on refunds in the Commission’s regulations at 18 C.F.R. § 35.19a (a)(2)(iii). Interest on unpaid amounts shall be calculated from the due date of the xxxx to the date of payment. Invoices shall be considered as having been paid on the date of receipt of payment.

  • Distributions Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.

  • No Interest on Capital Contributions Members are not entitled to interest or other compensation for or on account of their capital contributions to the Company except to the extent, if any, expressly provided in this Agreement.

  • Available Funds $ 5,439,225.01 ---------------

  • Certificate Account; Security Distributions On or before the issuance of the Lower Tier Classes, Xxxxxx Xxx shall either (i) open with an Eligible Depository one or more trust accounts in the name of the Trustee of the Lower Tier REMIC that shall collectively be the “Certificate Account,” (ii) in lieu of maintaining any such account or accounts, maintain the Certificate Account by means of appropriate entries on its books and records designating all amounts credited thereto in respect of the Mortgage Securities and all investments of any such amounts as being held by it in its capacity as Trustee for the benefit of the Holders of the Lower Tier Classes or (iii) maintain the Certificate Account in the form of any combination of accounts or book entries described in clauses (i) and (ii) above. Any manner or manners in which the Certificate Account is maintained may at any time be changed without notice to, or the approval of, Holders of the Lower Tier Classes so long as funds held in the Lower Tier REMIC by, or for the account of, the Trustee shall at all times be identified. To the extent that the Certificate Account is maintained by the Trustee in the manner provided for in clause (ii) above, all references herein to deposits and withdrawals from the Certificate Account shall be deemed to refer to credits and debits to the related books of the Trustee. Xxxxxx Mae shall deposit in the Certificate Account all Security Distributions received by it as Trustee hereunder. All Security Distributions deposited from time to time in the Certificate Account, all investments made with such moneys, including all income or other gain from such investments, shall be held by the Trustee in the Certificate Account as part of the Lower Tier REMIC as herein provided, subject to withdrawal by Xxxxxx Xxx for the purposes set forth in Section 4.05.

  • Required Minimum Distributions Your required minimum distribution is calculated using the uniform lifetime table in Regulations section 1.401(a)(9)-9. However, if your spouse is your sole designated beneficiary and is more than 10 years younger than you, your required minimum distribution is calculated each year using the joint and last survivor table in Regulations section 1.401(a)(9)-9. If you fail to request your required minimum distribution by your required beginning date, we can, at our complete and sole discretion, do any one of the following. • Make no distribution until you give us a proper withdrawal request • Distribute your entire IRA to you in a single sum payment • Determine your required minimum distribution from your IRA each year based on your life expectancy, calculated using the uniform lifetime table in Regulations section 1.401(a)(9)-9, and pay those distributions to you until you direct otherwise We will not be liable for any penalties or taxes related to your failure to take a required minimum distribution.

  • Dues Collection Teachers shall have the right to request and be allowed dues and Association 30 Insurance Program deductions provided that dues deduction and the proceeds thereof shall not be 31 allowed if the Association has lost its rights to dues deduction pursuant to Florida Statutes 447.

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