Excess Reimbursement definition

Excess Reimbursement means the amount that You are liable for under the terms of the Hire Agreement being the excess on the Collision Damage Waiver and Theft insurance policies provided by the Hire Company.

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Excess Reimbursement is defined in Section 11.6 of the Participation Agreement.

Excess Reimbursement will mean, for the Protective Advance at issue, (A) amounts reimbursed or paid by LRC to (or otherwise recovered by) BNPPLC on account of such Protective Advance (except to the extent included in Net Cash Flow or Net Sales Proceeds as provided in the definitions of those terms in Paragraph 1), less (B) (i) the total amount of such Protective Advance, times (ii) the Percentages of any Participants that have not paid BNPPLC their respective Percentages of such Protective Advance.

Examples of Excess Reimbursement in a sentence

• After any Participant has paid its respective Percentage times the Protective Advance to BNPPLC, BNPPLC must pay to such Participant an amount equal to its Adjusted Percentage (as defined below) times any subsequent Excess Reimbursement (as defined below) or interest thereon actually received by BNPPLC for such Protective Advance.

• After each Participant has paid its Commitment Percentage (as then in effect) of any Covered Liabilities, each Participant shall be entitled to payment from the Lessor of an amount equal to the Adjusted Percentage (as defined below) of any payments subsequently received by the Lessor as Excess Reimbursement (as defined below) for such Covered Liabilities.

• However, any favorable settlements in excess of estimated Medicare cost report receivables or less than estimated Medicare cost report liabilities as disclosed on the audit of the Closing Date Balance Sheet shall be offset against the Excess Reimbursement Liabilities.

• Following any such surrender of the Policy to the Policy Provider for cancellation and payment of the Policy Provider Amounts (other than Certain Excess Reimbursement Obligations) and the Liquidity Obligations, the Applicable Certificates shall no longer be entitled to the benefits of the Policy or the Primary Liquidity Facility.

• If such offset should exceed the Excess Reimbursement Liabilities, eighty (80%) percent of the excess will be returned to Sellers upon final audit and settlement of all Medicare and Medicaid cost reports for all periods through the Closing Date.

• After each Participant has paid its Percentage of any Covered Liabilities, each Participant shall be entitled to payment from the Lessor of an amount equal to the Adjusted Percentage (as defined below) of any payments subsequently received by the Lessor as Excess Reimbursement (as defined below) for such Covered Liabilities.

• No Participant’s rights to receive payments equal to such Participant’s Adjusted Percentage of any Excess Reimbursement of a Protective Advance or interest thereon as provided in subparagraph 3(C) will be impaired or affected by any termination contemplated in this subparagraph 6(D); accordingly, BNPPLC will not, as a condition to such a termination, be required to reimburse a Participant for any payments the Participant has made in connection with Protective Advances pursuant to subparagraph 3(C).

• Any fraud, misstatement, concealment or negligent statement in the information provided at any time throughout the term of this Car Hire Damage Excess Reimbursement Program or in the making of a reimbursement application shall render this Car Hire Damage Excess Reimbursement Program reimbursement voidable by Nova Rentacar Reservations Ltd or their Appointed Representatives and any reimbursement applications shall be forfeit.

• All reimbursement payments due under the terms and conditions of this Car Hire Damage Excess Reimbursement Program shall be made payable to the party(s) detailed in the Car Hire Rental Agreement.

• If all Indemnitors do not assume total control of the defense of any such claim (or in the case of claims in connection with Excess Reimbursement Liabilities or Section 5.25), the Indemnitee agrees not to settle such claim without the written consent of all Indemnitors which consent shall not be unreasonably withheld.

More Definitions of Excess Reimbursement

Excess Reimbursement means, for the Covered Liabilities at issue, amounts reimbursed or paid by the Lessee to or on behalf of the Lessor on account of such Covered Liabilities in excess of (i) such Covered Liabilities, times (ii) the Commitment Percentages of any Participants that have not paid the Lessor their respective Percentages of such Covered Liabilities.

Excess Reimbursement means, for the Covered Liabilities at issue, amounts reimbursed or paid by the Lessee to or on behalf of the Lessor on account of such Covered Liabilities in excess of an amount equal to the product of (i) such Covered Liabilities, multiplied by (ii) the Commitment Percentages of any Participants that have not paid the Lessor their respective Percentages of such Covered Liabilities.

Excess Reimbursement means the amount that You are liable for under the terms of the Hire Agreement being the excess on the

Excess Reimbursement is defined in Section 11.7 of the Participation Agreement.

Excess Reimbursement is defined in Section 11.6 of the Participation -------------------- --------------------------------- Agreement. ---------

Excess Reimbursement means an amount is paid to the employee, which exceeds the amount that can reasonably be accounted for.