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Available pool definition

Available pool means those funds remaining in the risk pool less any actuarial and other direct administrative costs.
Available pool means an amount not in excess of $2,500,000, as determined by the persons who are members on the date hereof of the Compensation Committee of the Board of Directors of the Company (the “Compensation Committee”), in their sole discretion, based on (1) the achievement of the Company’s financial budget for the 2010 fiscal year during the period from the beginning of the 2010 fiscal year through the Closing and (2) in connection with the transactions contemplated by the Purchase Agreement, (A) successful resolution for the account of both Buyer and Sellers of the following matters described in the Company Disclosure Letter (as defined in the Purchase Agreement): (a) Item 3 of Schedule 3.9(a), Item 1 of Schedule A(ii), Item 1 of Schedule 8.3(c)(ii)(A) and Item 1 of Schedule 9.12(i); (b) Item 14 of Schedule 3.12; (c) Item 7 of Schedule 3.16(a), Item 1 of Schedule A(i) and Items 1 and 2 of Schedule 9.13; and (d) Item 3 of Schedule 3.16(a), Item 2 of Schedule A(ii) and Item 2 of Schedule 9.12(ii) and (B) release of all indemnities without cost to Sellers. The Contingent Additional Payment, if any, shall be paid promptly following (but in no event more than 75 days after) the final determination of indemnification obligations relating to the representations and warranties under the Purchase Agreement.
Available pool means, as of any date of determination, the excess of (i) the GMP and Other Costs plus a reasonable contingency amount for discretionary changes by Aladdin (which amount shall be established by Northwind and provided to Aladdin within thirty (30) days after execution of the EPC Contract(s)), such contingency amount to be reasonably acceptable to Aladdin, as increased by the Cost of Scope Changes theretofore approved by Aladdin over (ii) the estimated total cost of the Work as reflected in Northwind's forecast therefor prepared not more than thirty (30) days preceding the date of authorization of such Northwind Approved Scope Change, which forecast shall reflect all costs theretofore incurred, the cost of then unperformed portions of the Work for which contracts exist and a good faith estimate, in accordance with applicable Codes and Standards, of the costs of all portions of the Work, if any, for which Northwind has not made contractual arrangements.

Examples of Available pool in a sentence

  • Proprietary and secured claims over property, met out of that property Available pool is then applied2.

  • In case the sufficient resources are not available in the Available pool the same are granted from the Reserve pool.

  • Available pool of K is depleted at faster rate compared to other resistant pools if K is applied in less quantity than removed by the crop. The sustainable yield index (SYI) of rice and wheat crops at Barrackpore, Pantnagar and Raipur indicated that imbalanced nutrient application recorded significantly lower values compared to the balanced nutrient application.

  • Figure 18: Available pool power for different service periods for human health service cluster while maximum values between 60% and 80% of the cluster power occur at night.

Related to Available pool

  • Available Balance means, in relation to any Account, the aggregate of: (i) the balance in such Account in your favour of immediately available and freely transferable funds; and (ii) where we have granted you an overdraft facility or line of credit in respect of such Account, the limit of such overdraft facility or line of credit notified by us to you less the total amount payable by you to us with respect to such overdraft facility or line of credit.

  • Available Facility means the aggregate for the time being of each Lender’s Available Commitment.

  • Available Amount of any Letter of Credit means, at any time, the maximum amount available to be drawn under such Letter of Credit at such time (assuming compliance at such time with all conditions to drawing).