Full Termination Amount definition

Full Termination Amount means, as of a given date, an amount equal to (i) the Statutory Reserves (calculated as of such date) minus (ii) any Settlement Amounts that are unpaid by the Ceding Company on such date plus (iii) any Settlement Amounts that are unpaid by the Reinsurer on such date.
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Full Termination Amount means, as of a given date, an amount equal to (i) the Statutory Reserves (calculated as of
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Full Termination Amount means, as to the Full Termination Date, the amount set forth on Schedule B opposite the Full Termination Date.
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Examples of Full Termination Amount in a sentence

  • Upon payment in full of the amounts specified in Section 2.03, the Payment Undertaking Issuer shall be released from the payment of any future Scheduled Amounts and Full Termination Amount.

  • The Owner Trustee hereby agrees that it shall not give any notices which would cause the Full Termination Amount to become payable if an event which requires the payment of Full Termination Amount has not occurred.

  • Unless the Payment Undertaking Issuer shall have paid the Full Termination Amount prior to such Scheduled Payment Date, the Payment Undertaking Issuer shall pay to the Owner Trustee, on each Scheduled Payment Date prior to the Release Event, the Scheduled Amount for such Scheduled Payment Date without further act or notice by any Person.

  • The payment of the Full Termination Amount shall constitute a complete and final release of the parties in respect of any and all known and unknown obligations or liability of any nature under this Agreement.

  • The Lender hereby agrees that it shall not give any notices pursuant to the Payment Undertaking Agreement if an event that requires payment of the Full Termination Amount has not occurred.

  • In the event of a termination under this Article, the Reinsurer’s sole liability to the Ceding Company hereunder shall be for an amount equal to the Full Termination Amount calculated as of the Date of Determination through which coverage has been paid hereunder.

  • Following any termination pursuant to this Article VIII, the Ceding Company shall deliver to the Reinsurer within forty-five (45) days after the Payment Failure Termination Date, a calculation of the Full Termination Amount.

  • On or prior to the date which is fifteen (15) days after such calculation of the Full Termination Amount is received by the Reinsurer, the amount due thereunder shall be paid by wire payment to the Ceding Company or the Reinsurer as applicable.

  • This Agreement shall terminate (a) on or prior to the Release Event, upon the payment in full of the Full Termination Amount and all Scheduled Amounts required to be made simultaneously with or prior to such payment or (b) after the Release Event, on the earlier of the Expiration Date and the date set forth in Schedule B next following the date on which either the Owner Trustee or the Payment Undertaking Issuer delivers to the other a written notice of termination.


More Definitions of Full Termination Amount

Full Termination Amount shall have the meaning specified in Section 1.01 of the Payment Undertaking Agreement.
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Full Termination Amount has the meaning given in Section 2.5(i).
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Related to Full Termination Amount

  • Termination Amount has the meaning set forth in Section 7.02(a).

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

  • Retention Amount means, in relation to any Retention Date, such sum as shall be the aggregate of:

  • Accretion Termination Date As defined in the Series Supplement.

  • Series Termination Date means, with respect to any Series of Certificates, the date stated in the related Supplement.

  • Termination Price As defined in Section 9.01.

  • Termination Percentage has the meaning set forth in Section 2.2.

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.

  • Standstill Termination Date means the earlier of (i) the first anniversary of the Board Rights Termination Date and (ii) the later of (A) the third anniversary of this Agreement or (B) the first anniversary of the date on which both the Purchaser Designated Director has resigned from the Board and the Purchaser has permanently waived and renounced the Purchaser’s Board observation rights and Board designation rights in Section 1 and Section 2 of this Agreement.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • Initial Termination Date has the meaning set forth in Section 8.2(a).

  • Designation Amount has the meaning given to this term in Section 4.15.

  • Post-Termination Period means the twelve (12) month period beginning on the Termination Date.

  • Non-Payment Period means a period commencing on and including a Dividend Payment Date or redemption date for which the Trust shall fail to (i) declare, prior to the close of business on the second Business Day preceding such Dividend Payment Date, for payment on or (to the extent permitted by Section 11.2(c)(i) of these Bylaws) within three Business Days after such Dividend Payment Date to the Holders as of 12:00 noon, New York City time, on the Business Day preceding such Dividend Payment Date, the full amount of any dividend on APS payable on such Dividend Payment Date, provided, however, that if the Trust is not able to make such declaration in compliance with the foregoing because an unforeseen event or unforeseen events causes or cause a day that otherwise would have been a Business Day not to be a Business Day, then the Trust may make such declaration on the Business Day immediately preceding the Dividend Payment Date, if possible, or, if not possible, on the Dividend Payment Date, and in such case the Trust shall not be deemed to have failed to declare a dividend otherwise required to be declared, or (ii) deposit, irrevocably in trust, in same-day funds, with the Auction Agent by 12:00 noon, New York City time, (A) on such Dividend Payment Date the full amount of any cash dividend on such shares payable (if declared) on such Dividend Payment Date or (B) on any such redemption date for any shares of APS called for redemption, the Mandatory Redemption Price per share of such APS or, in the case of an optional redemption, the Optional Redemption Price per share, and ending on and including the Business Day on which, by 12:00 noon, New York City time, all unpaid cash dividends and unpaid redemption prices shall have been so deposited or shall have otherwise been made available to Holders in same-day funds; provided that, a Non-Payment Period shall not end unless the Trust shall have given at least five days’ but no more than 30 days’ written notice of such deposit or availability to the Auction Agent, all Existing Holders (at their addresses appearing in the Share Books) and the Securities Depository. Notwithstanding the foregoing, the failure by the Trust to deposit funds as provided for by clauses (ii)(A) or (ii)(B) above within three Business Days after any Dividend Payment Date or redemption date, as the case may be, in each case to the extent contemplated by Section 11.2(c)(i) of these Bylaws, shall not constitute a “Non-Payment Period.”

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Termination Payment has the meaning set forth in Section 6.03.

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.