Commutation Consideration definition

Commutation Consideration means, with respect to any Commuting Policy Beneficiary:
Sample 1Sample 2Sample 3
Commutation Consideration means a combination of some or all of the following, to be selected by the applicable Monoline Insurer at its sole discretion at or prior to the Plan Supplement Deadline: (i) some or all of a Holder’s Pro Rata Share of the Monoline Plan Consideration; and (ii) Cash in an amount to be determined by the applicable Monoline Insurer in its sole discretion.
Sample 1Sample 2
Commutation Consideration has the meaning set forth in Section 3.1.
Sample 1Sample 2

Examples of Commutation Consideration in a sentence

  • The Commutation Offer and Commutation Consideration are described in detail in the Plan and Disclosure Statement.

  • By making an election to Opt-Out and NOT receive the Commutation Consideration, the Bondholder certifies and/or acknowledges that it: (a) is the holder of the Series A-2 Bonds, (b) has been provided with a copy of the Plan and the Disclosure Statement, and (c) acknowledges that this Opt-Out Notice is subject to all the terms and conditions set forth in the Plan, the Disclosure Statement and the Disclosure Statement Order.

  • The Non-Commuting Series A-2 Bondholders will not receive any portion of the Commutation Consideration.

  • IF YOU ARE A BONDHOLDER AND WISH TO RECEIVE the Commutation Consideration, DO NOT return this form.

  • PLEASE TAKE FURTHER NOTICE that the Commutation Consideration is IN ADDITION to the Series A-2 Hard Bonds and the Subordinate Series A-2 CABs that will be distributed under the Plan.

  • PLEASE TAKE FURTHER NOTICE that the Commutation Consideration will equal 20% of the principal amount of Series A-2 Bonds held by any Bondholder participating in the Commutation Offer as of the Effective Date.

  • If the owner does not correct a violation of any provision of this article, the building official shall revoke any existing certificate of compliance and may bring an action to seek the enforcement of this article by abatement, mandatory injunction to cause correction of a violation or enjoinment of the violation to prevent an act or violation, or the vacation of the premises by all occupants and its discontinuance as a residential rental structure, or such other action as provided for under this article.

  • Syncora Commutation Consideration: A combination of some or all ofthe following, to be selected at Syncora’s sole discretion prior to the commencement of the Disclosure Statement Hearing: (i) some or all of a holder’s Pro Rata Share of the Plan Consideration; (ii) a percentage, to be determined at Syncora’s sole discretion, of the Consummation Costs and/or the PSA Restriction Fees allocable to Syncora; and (iii) Cash in an amount to be determined by Syncora in its sole discretion.

  • However, the maximum duration of useful life depends on the initial quality of the structure and the investments in maintenance that are made.

  • Case 17-22517 Doc 286-3 Filed 12/26/17 Entered 12/26/17 14:48:28 Desc Exhibit C - Redline of Revised Disclosure Statement Page 73 of 99 888886 71 The Bond Insurer, and not the Reorganized Debtor, shall issue all checks with respect to the Commutation Consideration.


More Definitions of Commutation Consideration

Commutation Consideration means a Cash distribution made by the Bond Insurer to each holder of Series A-2 Bonds participating in the Commutation Offer equal to 20% of the amount of Series A-2 Bonds held by such holder of Series A-2 Bonds participating in the Commutation Offer on the Effective Date.
Sample 1

Related to Commutation Consideration

  • Transaction Consideration has the meaning set forth in Section 11.7 hereof.

  • Acquisition Consideration means the purchase consideration for any Permitted Acquisition and all other payments by Borrower or any of its Subsidiaries in exchange for, or as part of, or in connection with, any Permitted Acquisition, whether paid in cash or by exchange of Equity Interests or of properties or otherwise and whether payable at or prior to the consummation of such Permitted Acquisition or deferred for payment at any future time, whether or not any such future payment is subject to the occurrence of any contingency, and includes any and all payments representing the purchase price and any assumptions of Indebtedness, “earn-outs” and other agreements to make any payment the amount of which is, or the terms of payment of which are, in any respect subject to or contingent upon the revenues, income, cash flow or profits (or the like) of any person or business; provided that any such future payment that is subject to a contingency shall be considered Acquisition Consideration only to the extent of the reserve, if any, required under GAAP at the time of such sale to be established in respect thereof by Borrower or any of its Subsidiaries.

  • Option Consideration has the meaning set forth in Section 3.3(a).

  • Earnout Consideration has the meaning set forth in Section 2.6 below.

  • Net Consideration means “net consideration” as defined in Regulation Section 1.848-2(f));

  • Closing Consideration shall have the meaning set forth in Section 2.1(b).

  • Earn-Out Consideration is defined in Section 2.5(c).

  • Cash Consideration has the meaning set forth in Section 2.2.

  • Contract Consideration has the meaning set forth in the definition of “Excess Cash Flow.”

  • Merger Consideration has the meaning set forth in Section 3.1(a).

  • Initial Consideration shall have the meaning set forth in Section 5.01.

  • Conversion Consideration shall have the meaning specified in Section 14.12(a).

  • Total Consideration shall have the meaning as set forth in Section 2.8.

  • Stock Consideration has the meaning set forth in Section 2.01(c).

  • Base Consideration is defined in Section 2.2.

  • Sale Consideration means the value of the H-1 Bid and accepted and approved by BSNL for the Said Land Parcel in its Acceptance Letter.

  • Equity Consideration has the meaning set forth in Section 2.3(b)(ii).

  • Other Consideration means cash and/or any securities (other than New Shares) or assets (whether of the entity or person (other than the Share Issuer) involved in the Merger Event or a third party).

  • Cash Merger Consideration has the meaning set forth in Section 2.2(a).

  • Non-Cash Consideration means consideration in a form other than cash.

  • Scheme Consideration means, in respect of:

  • Contingent Consideration shall have the meaning set forth in Section 2.5.

  • Prepayment Consideration shall have the meaning set forth in Section 2.3.1.

  • Permitted Acquisition Consideration means, in connection with any Permitted Acquisition, the aggregate amount (as valued at the Fair Market Value of such Permitted Acquisition at the time such Permitted Acquisition is made) of, without duplication: (a) the purchase consideration for such Permitted Acquisition, whether payable at or prior to the consummation of such Permitted Acquisition or deferred for payment at any future time, whether or not any such future payment is subject to the occurrence of any contingency, and including any and all payments representing the purchase price and any assumptions of Debt and/or Guaranties, “earn-outs” and other agreements to make any payment the amount of which is, or the terms of payment of which are, in any respect subject to or contingent upon the revenues, income, cash flow or profits (or the like) of any Person or business and (b) the aggregate amount of Debt assumed in connection with such Permitted Acquisition; provided in each case, that any such future payment that is subject to a contingency shall be considered Permitted Acquisition Consideration only to the extent of the reserve, if any, required under GAAP (as determined at the time of the consummation of such Permitted Acquisition) to be established in respect thereof by Holdings or its Restricted Subsidiaries.

  • Purchase Consideration means the aggregate net cash proceeds received by the Company or Specialty Foods Corporation ("SFC") (after deducting all fees and expenses incurred by the Company, SFC and/or their respective affiliates in connection with the Sale). By way of example, if the Purchase Consideration equaled $400,000,000, your Sale Bonus would be $400,000.00. The Sale Bonus shall be paid to you within three (3) months of the completion of the Sale.

  • Share Consideration has the meaning given to it in Section 2.2;