Actual Cash Value Payment definition

Actual Cash Value Payment means the original payment made by Defendant on a first-party property damage total-loss claim based on the estimated value of a comparable vehicle, i.e., a vehicle of the same make, model, model year, body type, and options with substantially similar mileage and physical condition, based on a listing of comparable vehicles in the relevant market and on the individual physical condition of the total-loss vehicle at the time of loss, minus any applicable deductible.
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Actual Cash Value Payment means the Adjusted Vehicle Value and for purposes of the Agreement shall be deemed the amount of the “actual cash value” for purposes of Founders’ total loss settlement with its insureds.
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Actual Cash Value Payment or “ACV Payment” means any and all amounts comprising sales tax, vehicle title transfer fees of Fifteen Dollars ($15.00), and registration transfer fees of Six Dollars ($6.00), Fees, plus 6% interest to be added to each Class Member’s individual payment.
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Examples of Actual Cash Value Payment in a sentence

  • You may disregard the Replacement Cost Payment Method and make a claim on an Actual Cash Value Payment Method.

  • If you elect not to repair or replace the other structure on the same premises as shown on the Declarations Page, the Actual Cash Value Payment Method will apply.

  • You may qualify for a payment if (i) you suffered a Total Loss to your vehicle during the period from October 17, 2008 through October 15, 2016 that resulted in an Actual Cash Value Payment by USAA under a Florida Automobile Insurance Policy; and (ii) you did not receive, as part of your payment(s) from USAA, an amount equal to the amount of sales tax that you would have paid if you had purchased a vehicle comparable to your damaged vehicle.

  • USAA’s records reflect that you likely received an Actual Cash Value Payment on a Total Loss vehicle, but the records maintained by USAA on your claim have not yet been reviewed to determine whether USAA included or did not include payment for sales tax.

  • An Actual Cash Value Payment means a payment made by USAA under a Florida Automobile Insurance Policy that was based on an estimate of the amount that it would cost, at the time of loss, to buy a comparable vehicle, i.e., a vehicle of the same make, model, model year, body type, and options with substantially similar mileage and physical condition, minus any applicable deductible.


More Definitions of Actual Cash Value Payment

Actual Cash Value Payment means the payment, made to a Settlement Class Member in connection with a Covered Total Loss Clam that is equal to the Actual Cash Value, minus any deductions for salvage or insurance policy required deductibles.
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Related to Actual Cash Value Payment

  • Actual Cash Value means purchase price less depreciation.

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Earn-Out Payment has the meaning set forth in Section 2.07(a)(i).

  • Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions.

  • Payout Amount means the vested portion of the Final Amount expressed as an amount of cash equal to the Fair Market Value of the shares of Stock underlying the RSUs and related Dividend Equivalents.

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.

  • Change in Control Payment means a lump sum payment in an amount equal to the sum of (i) 300% of Executive's annual base salary as in effect pursuant to Section 2.1 immediately prior to Executive's termination of employment with Company and (ii) three times 45% of the maximum annual incentive bonus amount pursuant to Section 2.2 that Executive could have earned for the year during which Executive's employment with Company terminates.

  • Cash Payment has the meaning set forth in Section 2.02(a).

  • Cash Amount means an amount of cash equal to the product of (i) the Value of a REIT Share and (ii) the REIT Shares Amount determined as of the applicable Valuation Date.

  • Delta Payment means as it is described in this Agreement.

  • Daily Cash Amount means, with respect to any VWAP Trading Day, the lesser of (A) the applicable Daily Maximum Cash Amount; and (B) the Daily Conversion Value for such VWAP Trading Day.

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • AHYDO Catch-Up Payment means any payment with respect to any obligations of the Borrower or any Restricted Subsidiary, in each case to avoid the application of Section 163(e)(5) of the Code thereto.

  • CVR Payment Amount means with respect to each CVR Payment and each Holder, an amount equal to such CVR Payment divided by the total number of CVRs and then multiplied by the total number of CVRs held by such Holder as reflected on the CVR Register.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Option Payment shall have the meaning set forth in Section 3.4.

  • Daily Maximum Cash Amount means, with respect to the conversion of any Note, the quotient obtained by dividing (A) the Specified Dollar Amount applicable to such conversion by (B) forty (40).

  • Earnout Amount has the meaning provided in Section 2.9(b).

  • Closing Cash Payment has the meaning set forth in Section 2.06(a).

  • Net Cash Payments means, with respect to any Disposition, the aggregate amount of all cash payments received by the Company and its Restricted Subsidiaries directly or indirectly in connection with such Disposition, whether at the time of such Disposition or after such Disposition under deferred payment arrangements or Investments entered into or received in connection with such Disposition (including, without limitation, Disposition Investments); provided that:

  • Gross-Up Payment shall have the meaning set forth in Section 6.2 hereof.

  • Closing Payment Amount has the meaning specified in Section 1.5.

  • Cash Portion is defined in Section 2.2(a)(iii) hereof.

  • Earn-Out Amount has the meaning set forth in Section 2.07(a).

  • Actual Contribution Percentage means, with respect to a Plan Year, the ratio (expressed as a percentage) of the sum of the amount of (a) Matching Contributions, (b) After-Tax Contributions, (c) Qualified Nonelective ESOP Contributions, and (d) Tax Deferred Contributions recharacterized as After-Tax Contributions, made on behalf of the Participant for the Plan Year to the Participant’s Testing Compensation for the Plan Year.