Estimated Settlement Amount definition
Examples of Estimated Settlement Amount in a sentence
If the results of the verification reveal a material deviation from the Effective Date Estimated Settlement Amount, FSL may, in its sole discretion, terminate this agreement and London Pacific shall recapture all business reinsured hereunder pursuant to Article 10.
Based on the information provided in the Putative Class List and the Plan of Allocation set forth herein, the Claims Administrator shall promptly calculate an Estimated Settlement Amount for every Class Member, to be included in the individualized Notice to be sent to that Class Member, and shall prepare and email a spreadsheet setting forth those calculations to Class Counsel and ▇▇▇▇▇▇’▇ counsel no fewer than two days before mailing the Class Notice to Class Members.
Based on the information in the Class List and allocation of the Class Payment set forth herein, the Claims Administrator shall promptly calculate an Estimated Settlement Amount for every Class Member, to be included in the individualized Notice to be sent to that Class Member, and shall prepare and email a spreadsheet setting forth those calculations to Class Counsel and McDonald’s counsel no fewer than two days before mailing the Class Notice to Class Members.
The Estimated Settlement Amount will be based on the reserves for the Reinsured Claims that were included in the Company’s statutory financial statements as of June 30, 1999.
If the Estimated Settlement Amount is greater than the Final Settlement Amount, then the Company shall transfer to the Reinsurer within five Business Days after the final determination thereof cash and/or investment assets transferred by the Reinsurer to the Company on the Commutation Closing Date mutually agreed by the Parties that have an aggregate Statutory Book Value as of the Effective Time equal to the amount by which the Estimated Settlement Amount exceeds the Final Settlement Amount.
The Estimated Settlement Amount for you is listed on the accompanying Claim Form and Release Agreement.
True-Up Accounting" shall mean the accounting delivered by the Company to the Reinsurer within fifteen (15)business days following the month end immediately after the Closing Date, reflecting adjustments (if any) to the Estimated Settlement Amount paid to the Reinsurer on the Closing Date.
The Reinsurer shall provide the Ceding Company with wire transfer instructions and bank routing numbers for the payment of the Estimated Settlement Amount at least forty-eight (48) hours prior to the Closing Date.
The Estimated Settlement Amount (as defined in the Coinsurance Agreement) shall have been paid to the Reinsurer.
Based on the information in the Class List and the terms of this Settlement, the Claims Administrator shall promptly calculate an Estimated Settlement Amount for every Class Member, to be included in the individualized Notice to be sent to that Class Member, and shall prepare and email a spreadsheet setting forth those calculations to Class Counsel and McDonald’s counsel no fewer than two business days before mailing the Class Notice to Class Members.