Commutation Consideration definition

Commutation Consideration means, with respect to any Commuting Policy Beneficiary:
Sample 1Sample 2Sample 3
Commutation Consideration has the meaning set forth in Section 3.1.
Sample 1Sample 2
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

Examples of Commutation Consideration in a sentence

  • The Commutation Amount shall be determined, and the Commutation Consideration shall be paid and adjusted, in accordance with Section 3.3.

  • The Bond Insurer, and not the Reorganized Debtor, shall issue all checks with respect to the Commutation Consideration.

  • 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.

  • Within three (3) business days after MBIA receives the full amount of the Commutation Consideration set forth in § 2 of this Agreement, MBIA shall consent to transfer of any assets remaining in the Trust Account to RAM Re pursuant to the terms of § 10 of the Trust Agreement and in the form substantially similar to the form attached to this Agreement as Schedule 6.

  • 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 Holdings 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 Holdings or any of its Subsidiaries.

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

  • Earnout Consideration has the meaning specified in Section 2.05(a).

  • Final Consideration means the entire consideration proposed by a Successful Bidder(s) in the course of the E-Auction, and required to be paid by the Successful Bidder(s) on Consideration Payment Date to acquire the Corporate Debtor as a whole on a going concern.

  • 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 has the meaning set forth in Section 2.08(a)(i).

  • 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 2.1(a).

  • Initial Consideration has meaning ascribed by Clause 4.1;

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

  • Total Consideration means the total amount (but without duplication) of (a) cash paid in connection with any Acquisition, plus (b) Indebtedness for borrowed money payable to the seller in connection with such Acquisition, plus (c) the fair market value of any equity securities, including any warrants or options therefor, delivered to the seller in connection with any Acquisition, plus (d) the amount of Indebtedness assumed in connection with any Acquisition.

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

  • Base Consideration has the meaning set forth in Section 1.2.

  • 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 2.02.

  • 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 2.9(a).

  • Non-Cash Consideration means the Fair Market Value of non-cash consideration received by the Borrower or a Subsidiary in connection with an Asset Sale less the amount of cash or Cash Equivalents received in connection with a subsequent sale of or collection on such Non-Cash Consideration.

  • Scheme Consideration means, in respect of:

  • Contingent Consideration has the meaning set forth in Section 1.6.

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

  • Net Consideration Per Share means the amount equal to the total amount of consideration, if any, received by the Company for the issuance of such warrants, options, subscriptions, or other purchase rights or convertible or exchangeable securities, plus the minimum amount of consideration, if any, payable to the Company upon exercise or conversion thereof, divided by the aggregate number of shares of Common Stock that would be issued if all such warrants, options, subscriptions, or other purchase rights or convertible or exchangeable securities were exercised, exchanged or converted.

  • 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 paid or payable in cash 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 Indebtedness and/or Guarantee Obligations, “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 Indebtedness incurred or 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 for the Borrower or its Restricted Subsidiaries.