Actually Paid definition

Actually Paid means actually paid or due and payable.

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Actually Paid means, at the time of customs valuation, the buyer has paid the seller in cash or via non-cash means of payment or offsetting of liabilities between both parties as shown in actual payment documents between the buyer and the seller.

Actually Paid shall have the meaning provided in the Reinsurance Agreement.

Examples of Actually Paid in a sentence

• Following payment by the Beneficiary of each installment of Consideration and interest thereon under Section 3.1 of the Reinsurance Agreement, the Grantor shall be permitted as and when it deems appropriate to substitute and replace the cash Consideration Actually Paid by Beneficiary with Eligible Investments having a fair market value equal to the amount Actually Paid by the Beneficiary.

• The Beneficiaries’ Agent shall provide its consent to the termination of this Trust Agreement if (i) the Grantor seeks to terminate this Trust Agreement as a result of the exhaustion of the Reinsurance Limit or (ii) the Aggregate Limit less those amounts Actually Paid in respect of Subject Liabilities by the Grantor is $50,000,000 or lower.

• Registration Authority The Administration for Industry and Commerce of Tuoketuo County, Inner Mongolia Autonomous Region Registered Number 150107000001904 Address Eastern District, Tuodian Industrial District, Tuoketuo County Legal Representative Bi Shengyou Registered Capital RMB100,000 yuan Actually Paid Capital RMB100,000 yuan Shareholder Inner Mongolia Tuoketuo County Mengfeng Special Steel Co., Ltd.

• Reinsureds shall retain an amount of Coverage B UNL equal to the amount of such Coverage B UNL that was Actually Paid at Inception (the “Coverage B Retention”), and Reinsurer shall have no liability whatsoever for any Coverage B UNL that is within the Coverage B Retention.

• The day of payment of the Actually Paid Second Installment of Purchase Price shall be the second closing date (the “Second Closing Date”).

• The Transferee shall pay the Actually Paid Third Installment of the Purchase Price pursuant to Section 3.2.3 and Section 3.3 hereof to the Transferors (the “Third Closing”).

• The Transferee shall pay the Actually Paid Second Installment of the Purchase Price pursuant to Section 3.2.2 and Section 3.3 hereof to the Transferors (the “Second Closing”).

• Of the afore-mentioned Actually Paid Third Installment, RMB [ * ] shall be paid to Nanguang and RMB [ * ] shall be paid to Yao Chongguo.

• Nanguang guarantees that it shall repay the loan equal to the Test Land Price immediately upon Nanguang’s receipt of the Actually Paid Second Installment of the Purchase Price.

• The Reinsured provided the Reinsurer with the document listed on Schedule 8.5 representing the Reinsured’s good faith estimate, as of January 13, 2017 based on unaudited data, of Net Losses Actually Paid by the Reinsured during calendar year 2016.

More Definitions of Actually Paid

Actually Paid with respect to an item at a given time, means that liability on the item has been discharged as of such time, whether by payment, by offset, or otherwise. For the avoidance of doubt, the amount of the liability that is Actually Paid is measured by the amount of the consideration given for discharging the liability, not by the carrying value of the liability prior to discharge.

Actually Paid shall have the meaning provided in the LPT Retrocession Agreement.

Actually Paid with respect to Included Reinsurance Recoverables for all purposes of the LPT Reinsurance Agreement and the LPT Retrocession Agreement shall, following an IRR Assignment, be interpreted to refer only to recovery of such Included Reinsurance Recoverables by NICO, whether by payment, by offset, or otherwise; and