Aggregate Surplus definition

Aggregate Surplus means the aggregated Members’ Surplus for all Members of the Group plus other unearned income of the Group.
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Aggregate Surplus shall equal the sum of all of the Unit Surplus.
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Aggregate Surplus means the total aggregate Surplus of the Companies on the Transaction Closing Date.
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Examples of Aggregate Surplus in a sentence

  • If the Members fail to so act, then the aggregated Deficit Amounts shall be made up immediately with the Aggregate Surplus from a prior Year Fund or the Member shall be subject to automatic assessment without further action by the Trust.

  • Any Aggregate Surplus resulting from favorable loss experience of the Trust may be made available as a return of Contribution (premium) or may be taken into account in establishing the Contribution (premium) in future years by the Trust’s Board of Trustees, acting in their reasonable discretion, in accordance with a Refund or Credit Plan, whether in writing, by Board resolution, or through the Trust’s customary practice, as in effect from time to time.


More Definitions of Aggregate Surplus

Aggregate Surplus means the positive amount by which Aggregate Assets exceed Aggregate Liabilities as of the beginning of a Plan Year. The Aggregate Assets and Aggregate Liabilities shall be as contained in the most recent Valuation.
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Aggregate Surplus means the excess, if any, of the sum of Final Contributions (premiums) and investment income allocated to the Trust, over the sum of Incurred Claims plus Administrative Expenses, for all Members of the Trust, cumulatively since inception of the Trust, as measured at a financial statement date recognized by the Board of Trustees in their reasonable discretion.
Sample 1

Related to Aggregate Surplus

  • Aggregate Cap has the meaning set forth in Section 20.1A.

  • Distributable surplus means the Gains that has been realised on a marked to market basis and is carried forward to the balance sheet at market value, arising out of appreciation on investments which is readily available for distribution to the unit holders as Income.

  • Total Available Funds shall have the meaning set forth in Section 5.7(a).

  • Aggregate Funded Spread As of any Measurement Date, the sum of: (a) in the case of each Floating Rate Obligation (other than a Defaulted Obligation) that bears interest at a spread over a Libor-based index (including, for any Permitted Deferrable Obligation, only the excess of the required current cash pay interest required by the Underlying Documents thereon over the applicable index and excluding the unfunded portion of any Delayed Drawdown Collateral Obligation and Revolving Collateral Obligation), (i) the stated interest rate spread on such Collateral Obligation above such index multiplied by (ii) the outstanding principal balance of such Collateral Obligation; provided that, with respect to any LIBOR Floor Obligation, the stated interest rate spread on such Collateral Obligation over the applicable index shall be deemed to be equal to the sum of (x) the stated interest rate spread over the applicable index and (y) the excess, if any, of the specified “floor” rate relating to such Collateral Obligation over the applicable index; and (b) in the case of each Floating Rate Obligation (other than a Defaulted Obligation) (including, for any Permitted Deferrable Obligation, only the required current cash pay interest required by the Underlying Documents thereon and excluding the unfunded portion of any Delayed Drawdown Collateral Obligation and Revolving Collateral Obligation) that bears interest at a spread over an index other than a Libor-based index, (i) the excess of the sum of such spread and such index over LIBOR as of the immediately preceding Interest Determination Date (which spread or excess may be expressed as a negative percentage) multiplied by (ii) the outstanding principal balance of each such Collateral Obligation.

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 2.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Reserve Account Surplus means, as of any Transfer Date following the Reserve Account Funding Date, the amount, if any, by which the amount on deposit in the Reserve Account exceeds the Required Reserve Account Amount.

  • Excess Collateral Amount means, at any time, the excess of (a) the sum of (i) the Collateral Amount, and (ii) the Principal Accumulation Account Balance, over (b) the Note Principal Balance.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Available Reserve Account Amount means, for any Transfer Date, the lesser of (a) the amount on deposit in the Reserve Account (after taking into account any interest and earnings retained in the Reserve Account pursuant to Section 4.10(b) on such date, but before giving effect to any deposit made or to be made pursuant to subsection 4.4(a)(ix) to the Reserve Account on such date) and (b) the Required Reserve Account Amount.