ACV Payment definition

ACV Payment means an actual cash value payment made on an insurance claim for a Structural Loss, calculated by estimating the replacement cost value of covered damage, and subtracting estimated depreciation, including Nonmaterial Depreciation, and any applicable deductible.
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ACV Payment means an actual cash value payment made on an insurance claim for a Structural Loss, calculated by estimating the replacement cost value of covered damage, and subtracting depreciation, including Labor Depreciation, and any applicable deductible.
Sample 1
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.
Sample 1

Examples of ACV Payment in a sentence

  • Settlement Claimants Who Would Have Received an ACV Payment But For Application of Non-Material Depreciation.

  • Covered Loss” means a first party insurance claim for Structural Loss that: (a) occurred during the Class Periods, and (b) resulted in an ACV Payment by State Auto, or that would have resulted in an ACV Payment, but for the withholding of Nonmaterial Depreciation causing the loss to drop below the applicable deductible.

  • Loss that: (a) occurred during the Class Periods, and (b) resulted in an ACV Payment by Metropolitan.

  • Ohio policyholders from whom Non-material Depreciation was withheld and not subsequently recovered, and who submit a Claim Form, will receive a net payment of 100% of the withheld Non-material Depreciation plus 5% simple interest from the date of the last ACV Payment to the date of Preliminary Approval.

  • The Class includes: the Representative Plaintiffs and all other certain policyholders under commercial property insurance policies issued by GNY, who made a Structural Loss claim for property located in the State of Illinois during the applicable Class Periods that resulted in an ACV Payment from which Nonmaterial Depreciation was withheld, or that would have resulted in an ACV Payment but for the withholding of Nonmaterial Depreciation causing the loss to drop below the applicable deductible.

  • The Products and Services may not be accessed from more than five (5) unique devices per Authorized User.

  • Sproull Class Members Who Previously Received Full RCBs After Initially Receiving an ACV Payment.

  • The Parties hereto agree that any Measurement Date ACV Payment as determined pursuant to this Section 2.10 shall be treated as an adjustment to the Purchase Price (or an installment payment, as Seller shall so determine), except as otherwise required by Law.

  • Settlement Class” means all policyholders, (except for those explicitly excluded in Section 2.31), under any property insurance policy issued by Allstate, who made: (i) a Structural Loss claim for property located in the State of Illinois during the Class Period; and (ii) that resulted in an ACV Payment from which Nonmaterial Depreciation was withheld.

  • Class Members who timely submit a materially complete Claim Form shall be paid a Claim Settlement Payment equal to 100% of the estimated Nonmaterial Depreciation that was withheld from the ACV Payment on the Class Member’s Covered Loss and not subsequently paid to the Class Member by Defendants, as determined by Defendants, plus simple interest at the rate of 5% per annum on the withheld estimated Nonmaterial Depreciation, calculated from the date of the initial ACV Payment to the Effective Date.

Related to ACV Payment

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

  • Co-payment means a relatively small amount of money paid by the insured person towards the cost of each day in a private hospital per episode of care, with Latrobe paying the rest of the cost.

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

  • 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.

  • Upfront Payment has the meaning set forth in Section 4.1.

  • PRE-PAYMENT The Tenant shall: (check one)

  • Cash Payment has the meaning assigned by Section 2.7(b)(ii).

  • Installment Payment means the partial payment of court debt which is divided into portions that are made payable at different times.

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

  • Interim Payment has the meaning specified in Section 10.1.

  • 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.

  • AHYDO Payment means any mandatory prepayment or redemption pursuant to the terms of any Indebtedness that is intended or designed to cause such Indebtedness not to be treated as an “applicable high yield discount obligation” within the meaning of Section 163(i) of the Code.

  • Payment Amount has the meaning specified in Section 6.1.

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

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • LWDA PAGA Payment means the 75% of the PAGA Penalties paid to the LWDA under Labor Code section 2699, subd. (i).

  • Deferred Sales Charge Payment Date means October 10, 2013 and the tenth day of each month thereafter through February 10, 2014.

  • Excess Cash Payment Date means the date occurring 95 days after the last day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ended December 31, 2010).

  • Contingent Payment shall have the meaning set forth in Section 2.2(a).

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Adjustment Payment means, in respect of any Security, the payment (if any) determined by the Determination Agent as is required in order to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value to or from the Issuer as a result of the replacement of the Index by the Alternative Pre-nominated Index. The Determination Agent may determine that the Adjustment Payment is zero.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Earn-Out Payment has the meaning set forth in Section 2.3(a).

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Lump Sum Payment means a single payment that is not anticipated to continue.