Insurance Settlement Amount definition

Insurance Settlement Amount means the funds payable by a Settling Insurer pursuant to an Insurance Settlement Agreement.
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Insurance Settlement Amount means the net sum of $10,705,797.66 paid by the Settling Insurers.
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Insurance Settlement Amount means the amount of $1,708,478.88 to be paid by SpECTrum Insurer to Debtors under the SpECTrum Insurance Policy and in accordance with, and subject in all respects to, the terms and conditions of the Insurance Settlement Agreement.
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Examples of Insurance Settlement Amount in a sentence

  • Each Settling Insurer will pay its Insurance Settlement Amount to the Trust within the time set forth in each such Insurance Settlement Agreement.

  • The injunctions, releases, and discharges to which any Settling Insurer is entitled pursuant to such Insurance Settlement Agreement, the Plan, the Confirmation Order, the Approval Orders, and the Bankruptcy Code shall only become effective when the Trust receives the Insurance Settlement Amount in full from the corresponding Settling Insurer pursuant to the terms of such Settling Insurer’s Insurance Settlement Agreement.

  • Indeed, the Plan contemplates the resolution and settlement of SpECTrum Claims, which will be funded by the Insurance Settlement Amount paid by SpECTrum Insurer to Debtors pursuant to the Insurance Settlement.

  • The Debtor reserves its right to amend this Plan to, among other things, increase the Insurance Settlement Amount.

  • SpECTrum Insurer’s payment of the Insurance Settlement Amount shall be deemed to be made in good faith.

  • For the avoidance of doubt, Holders of Allowed Claims, other than Settled SpECTrum Claims, shall be entitled to recover only from Cash on Hand, and Holders of Settled SpECTrum Claims shall be entitled to recover only from the Insurance Settlement Amount.

  • The Confirmation Order shall provide that within ten days after payment of each Settling Insurer’s respective Insurance Settlement Amount, the Diocese or the Trust, as the case may be, and the Settling Insurer shall effect dismissal with prejudice of their Claims against each other in the Insurance Coverage Adversary Proceeding, with each side to bear its own fees and costs.

  • Such settling Holders of SpECTrum Claims shall receive their agreed upon portion of the Insurance Settlement Amount, in full, in Cash, upon the later of the Effective Date, or as soon as reasonably practicable thereafter.

  • Moreover, the specialized literature does not provide a sound and clear-cut reduced form to investigate this relationship empirically (Kowalski et al., 2015).

  • All rights to receive payment under the Insurance Settlement Agreements shall be assigned to the Trust, and each Settling Insurer will pay its Insurance Settlement Amount to the Trust within the time set forth in its respective Insurance Settlement Agreement.


More Definitions of Insurance Settlement Amount

Insurance Settlement Amount means the total amount to be paid by the Insurers as provided in ¶ 9 hereof and in accordance with the terms of this Insurance Stipulation.
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Insurance Settlement Amount means the netsu m of $10 7, 057, 97 6. 6 paid by the Se tling Insu rers.
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Related to Insurance Settlement Amount

  • Gross Settlement Amount means $240,000 which is the total amount Standard agrees to pay under the Settlement, except as provided in Paragraph 8 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Maximum Settlement Amount means the maximum amount the Company may be required to pay pursuant to this Settlement, which is the sum of Three Hundred Thousand Dollars ($300,000), excluding any of the Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

  • Cash Settlement Averaging Period means (a) with respect to any Conversion Date occurring on or after the 24th Scheduled Trading Day immediately preceding the Maturity Date, the twenty (20) consecutive Trading Day period ending on, and including, the third Scheduled Trading Day immediately preceding the Maturity Date and (b) in all other cases, the twenty (20) consecutive Trading Day period beginning on, and including, the third Trading Day immediately following the relevant Conversion Date.

  • Structured settlement annuity means an annuity purchased in order to fund periodic payments for a plaintiff or other claimant in payment for or with respect to personal injury suffered by the plaintiff or other claimant.

  • Settlement Amount has the meaning specified in Section 14.02(a)(iv).

  • Standard Settlement Period means the standard settlement period, expressed in a number of Trading Days, on the Company’s primary Trading Market with respect to the Common Stock as in effect on the date of delivery of the Notice of Exercise.

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of:

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.

  • Individual Settlement Payment means the amount payable from the Net

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Net Share Settlement Amount For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • Disruption Cash Settlement Price means in respect of each Security, an amount in the Settlement Currency equal to the fair market value of the Share Amount (taking into account, where the Settlement Disruption Event affected some but not all of the Shares comprising the Share Amount and such non-affected Shares have been duly delivered as provided above, the value of such Shares), less the cost to the Issuer of unwinding any underlying related hedging arrangements, all as determined by the Issuer.

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • Monthly Settlement Date means the 25th day of each calendar month (or if such day is not a Business Day, the next occurring Business Day).

  • Structured settlement agreement means the agreement, judgment, stipulation, or release embodying the terms of a structured settlement.

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:

  • Scheduled Settlement Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

  • Gross Settlement Fund means the Settlement Amount plus all interest earned thereon.

  • Termination Settlement Date means, for any Terminated Obligation, the date customary for settlement, substantially in accordance with the then-current market practice in the principal market for such Terminated Obligation (as determined by the Calculation Agent), of the sale of such Terminated Obligation with the trade date for such sale occurring on the related Termination Trade Date.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Mandatory Settlement Date means the earliest of:

  • Remarketing Settlement Date means the date of the settlement of any Successful Remarketing, which will be three Business Days after such Remarketing.