Cash Call Amount definition

Cash Call Amount means an amount equal to sixty one million, one hundred and eleven thousand Dollars ($61,111,000) less the aggregate (as at the time of issue of the Cash Call Guarantee) of Free Liquidity and undrawn sums available for drawing under the Facility (to the extent not already cancelled, reduced or required to be repaid under the terms of this Agreement).
View Source
Cash Call Amount means the amount by which any such payments (or intended payments) by the Reinsured exceeds (or will exceed) Fifty Percent (50%) of the then-current balance of the Claims Fiduciary Account. The term "Cash Call Notice" shall mean written notice from the Reinsured to the Reinsurer setting forth the Cash Call Amount and accompanied by reasonably satisfactory proof of loss or similar documentation.
View Source

Examples of Cash Call Amount in a sentence

  • Available Cash Amount + Cash Call Amount requested and deemed to be received Collateral Posting Trigger Event Yes …...

  • The Shareholders which elected, or have been deemed to have elected, to participate in the last adopted Program and Budget pursuant to Section 6.6(a) shall continue to fund Cash Call Amount and Additional Cash Call Amounts in accordance with their Funding Percentage applicable to such last adopted Program and Budget in response to cash calls from the Operator to fund such Operations during a deadlock.

  • For greater certainty, the Company shall not be required to issue shares until it has received the full Cash Call Amount, subject to the remedies described in Section 3.5.

  • Within 30 calendar days after receipt of such Additional Cash Call Amount, such Shareholders shall fund the Additional Cash Call Amount pro rata to its Percentage Interest in accordance with Section 3.4(c), above.

  • If, at any time or times during the term of this Agreement, the Reinsured has paid, or intends to pay, Net Liability ceded under this Agreement in an amount that exceeds (or will exceed) Fifty Percent (50%) of the then-current balance of the Claims Fiduciary Account, then the Reinsurer shall, within five (5) business days after receipt from the Reinsured of the Cash Call Notice, pay the Cash Call Amount by wire transfer into the Claims Fiduciary Account.

  • The term "Cash Call Notice" shall mean written notice from the Reinsured to the Reinsurer setting forth the Cash Call Amount and accompanied by reasonably satisfactory proof of loss or similar documentation.

  • The term "Cash Call Amount" shall mean the amount by which any such payments (or intended payments) by the Reinsured exceeds (or will exceed) Fifty Percent (50%) of the then-current balance of the Claims Fiduciary Account.