FSA Transfer definition

FSA Transfer means the transfer by Parent to Holdings and/or Fund American Enterprises, Inc. of Parent's equity interest in Financial Security Assurance Holdings Ltd., provided that the aggregate dollar amount of the fair market value of the equity interests so transferred shall not exceed $25,000,000.
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FSA Transfer has the meaning specified in Section 5.6.
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FSA Transfer means the transfer by White Mountains Holdings, Inc. to the Borrower and/or the Subsidiary Borrower of White Mountains Holdings, Inc.'s equity interest in Financial Security Assurance Holdings Ltd., provided that the -------- aggregate dollar amount of the fair market value of the equity interests so transferred shall not exceed $25,000,000.
Sample 1Sample 2

Examples of FSA Transfer in a sentence

  • At all times after the date hereof, maintain ----------------- a minimum Net Worth at least equal to the sum of (a) $190,676,640, minus (b) an ----- amount equal to the aggregate reduction in Net Worth attributable to the FSA Transfer, plus (c) an amount equal to 85% of the cash and non-cash proceeds of any equity securities issued by the Borrower after September 30, 1996.

  • At all times after the date hereof, ----------------- maintain a minimum Net Worth at least equal to the sum of (a) $190,676,640, minus (b) an amount equal to the aggregate reduction in Net Worth attributable to the FSA Transfer, plus (c) an amount equal to 85% of the cash and non-cash proceeds of any equity securities issued by Parent after September 30, 1996.

  • The parties agree that Seller shall be solely responsible for (A) the administration of the flexible spending account of each Affected Employee under the Flex Plan before the occurrence of the FSA Transfer and (B) any expense, fee, fine, claim, or any other liability related to the administration or maintenance of 18 the flexible spending accounts of each Affected Employee assessed, incurred or accrued prior to the FSA Transfer.

  • Notwithstanding the above, the Seller shall be solely responsible for any expense, fee, fine, claim, or any other liability related to the administration or maintenance of the flexible spending accounts of each Affected Employee assessed, incurred or accrued as a result of the FSA Transfer.

  • As soon as administratively feasible after the Closing Date, Seller shall take any actions necessary to transfer (or cause to be transferred) the written election and the account balance , if any, of each Affected Employee under the Flex Plan to the Newco Plan (the "FSA Transfer").

  • The parties agree that Purchaser shall be solely responsible for (x) the administration of the flexible spending account of each Affected Employee after the occurrence of the FSA Transfer and (y) any expense, fee, fine, claim or any other liability related to the administration or maintenance of the flexible spending accounts of each Affected Employee assessed, incurred or accrued after the FSA Transfer.

  • Each Affected Employee under the Flex Plan as of the Closing Date shall be eligible to participate in the Newco Plan on the first day following the date of the FSA Transfer.

  • The balance of each flexible spending account of each Affected Employee immediately after the FSA Transfer shall be equal to the balance of such account immediately before the FSA Transfer.

  • Typical Single Stage Phosphoric Acid Evaporator System with FSA Recovery Transfer of FSA 1) FSA Transfer from the South Seal Tank to FSA Storage A Reactor (TNK 106) for use as a cleaning solution.


More Definitions of FSA Transfer

FSA Transfer has the meaning set forth in Section 7.02(d).
Sample 1
FSA Transfer means the transfer by White Mountains Holdings, Inc. to the Borrower and/or the Subsidiary Borrower of White Mountains Holdings, Inc.'s equity interest in Financial Security Assurance Holdings Ltd., provided that the
Sample 1
FSA Transfer means (i) the election of a Continuing Employee in effect under the applicable Parent FSA Plans by the Company or an Affiliate of the Company immediately prior to the New Plans Commencement Date, (ii) the assumption by the Company or an Affiliate of the Company of responsibility for administering and paying under the applicable plans of the Company or one of its Affiliates all eligible reimbursement claims of such Continuing Employee incurred in the calendar year in which the New Plans Commencement Date occurs that are submitted for payment on or after such New Plans Commencement Date, whether such claims arise before, on or after such New Plans Commencement Date, and (iii) as soon as practicable following the New Plans Commencement Date, transfer by Parent (or an Affiliate of Parent) to the Company in connection with the actions taken pursuant to clauses (i) and (ii) of an amount in cash equal to (A) the sum of all contributions to the applicable Parent FSA Plans made with respect to the calendar year in which such Employment Commencement Date occurs by or on behalf of such Continuing Employee prior to the New Plans Commencement Date, reduced by (B) the sum of all claims incurred by such Continuing Employee under the applicable Parent FSA Plans in the calendar year in which the New Plans Commencement Date occurs that are submitted for payment prior to such New Plans Commencement Date; provided, however, that if the amount described in subclause (B) exceeds the amount described in clause (A), the Company shall reimburse Parent for such difference.
Sample 1

Related to FSA Transfer

  • Data Transfer means the copying or transmission of electronic information that does not alter the content, context, or structure of a record from 1 medium to another medium.

  • Pre-Exchange Transfer means any transfer or distribution in respect of one or more Common Units (i) that occurs prior to an Exchange of such Common Units, and (ii) to which Section 743(b) or 734(b) of the Code applies.

  • Type II transfer means that phrase as defined under Section 3 of the Executive Organization Act of 1965, 1965 PA 380, MCL 16.103.

  • Type III transfer means that term as defined under Section 3(c) of the Executive Organization Act of 1965, 1965 PA 380, MCL 16.103.

  • Title Transfer means the transfer of title to Gas between two (2) Shippers at a Delivery Point, provided that each such party has executed a Transportation Service Agreement, or the transfer of title to Gas between two (2) Shippers at ATP, provided each such party has executed either a Transportation Service Agreement or a Title Transfer Agreement.

  • Custody transfer means the transfer of produced crude oil and/or condensate, after processing and/or treating in the producing operations, from storage tanks or automatic transfer facilities to pipelines or any other forms of transportation.

  • Transfer Any direct or indirect transfer or sale of any Ownership Interest in a Residual Certificate.

  • Relevant Transfer means a transfer of employment to which the Employment Regulations applies;

  • Asset Transfer means a sale, lease, exclusive license or other disposition of all or substantially all of the assets of the Company.

  • Pass-Through Transfer The sale or transfer of some or all of the Mortgage Loans to a trust to be formed as part of a publicly-issued and/or privately placed, rated or unrated, mortgage pass-through transaction, retaining the Company as "servicer" (with or without a master servicer) thereunder.

  • credit transfer means a payment service for crediting a payee’s payment account with a payment transaction or a series of payment transactions from a payer’s payment account by the payment service provider which holds the payer’s payment account, based on an instruction given by the payer;

  • Subsequent Transfer Instrument: Each Subsequent Transfer Instrument, dated as of a Subsequent Transfer Date, executed by the Trustee and the Depositor substantially in the form attached hereto as Exhibit I, by which Subsequent Loans are transferred to the Trust Fund.

  • Permitted Transfer has the meaning set forth in Section 10.02.

  • Securitization Transfer The sale or transfer of some or all of the Mortgage Loans to a trust or other entity as part of a publicly-issued or privately-placed, rated or unrated mortgage pass-through or other mortgage-backed securities transaction.

  • Transfer Event means (i) a transfer of the ownership of a project, (ii) the sale or assignment of a partnership interest in a project owner and/or (iii) the refinancing of secured debt on a project. The following shall not be deemed a Transfer Event: (i) the transfer of the project or a partnership or membership interest in a project owner in which reserves remain with the project and the debt encumbering the project is not increased, refinanced or otherwise modified, (ii) the refinancing of project debt which does not increase the outstanding principal balance of the debt other than in the amount of the closing costs and fees paid to the project lender and third parties as transaction

  • Transfer Payment Either or both of a Transfer Payment Made or a Transfer Payment Received.

  • Wire Transfer means a transaction carried out, directly or through a chain of transfers, on behalf of an originator person (both natural and legal) through a bank by electronic means with a view to making an amount of money available to a beneficiary person at a bank.

  • ACH Transfer ACH Transfer: BNK: BNK: ABA: ABA: ACCT: ACCT: Credit and Collections: Credit and Collections: Attn: Attn: Phone: Phone: Email: Email: REC Deliveries and Standing Orders: REC Deliveries and Standing Orders: Attn: Attn: Phone: Phone: Email: Email: With additional Notices of an Event of Default or Potential Event of Default to: With additional Notices of an Event of Default or Potential Event of Default to: Attn: Attn: Phone: Phone: Email: Email:

  • Balance Transfer means a transfer of the debit balance on any credit card held with any credit card issuer or any account with other banks (other than the Bank) to a Card Account;

  • Service Transfer means any transfer of the Services (or any part of the Services), for whatever reason, from the Supplier or any Sub-Contractor to a Replacement Supplier or a Replacement Sub-Contractor;

  • Servicing Transfer Any transfer of the servicing by a Prior Servicer of Mortgage Loans to the Servicer under this Agreement.

  • Transfer facility means any transportation related facility including loading docks, parking areas, storage areas and other similar areas where shipments of hazardous waste are held during the normal course of transportation.

  • Lateral transfer or "transfer" - refers to the movement of an employee from one position to another which does not constitute a demotion or promotion;