Notional Entitlement definition

Notional Entitlement means an Authorized Claimant’s notional damages as calculated pursuant to the formulae set forth herein, and which forms the basis upon which each Authorized Claimant’s pro rata share of the Net Settlement Amount is determined.
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Notional Entitlement means, in relation to documented claims, the value of a Settlement Class Member’s claim for the purposes of determining that Settlement Class Member’s pro rata share of the Net Settlement Amounts,calculated by the Claims Administrator in accordance with paragraphs 19 to 22 below.
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Notional Entitlement means the total value assigned to Class Member’s Hydrogen Peroxide Purchase by the Claims Administrator, in accordance with this Distribution Protocol.
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Examples of Notional Entitlement in a sentence

  • The Net Settlement Amount will be distributed to eligible Claimants proportionately based on the value of the Claimant’s Notional Entitlement, as compared to the value of all qualifying Claimants’ Notional Entitlement.

  • Each Authorized Claimant’s actual compensation shall be the portion of the Net Settlement Amount equivalent to the ratio of his, her or its Notional Entitlement to the total Notional Entitlements of all Authorized Claimants multiplied by the Net Settlement Amount, as calculated by the Administrator.

  • The Notional Entitlement for particular Hydrogen Peroxide purchases will depend on the vendor and the purpose for which the products were purchased.

  • Subject to sub-paragraph (kk), for each NDM common share acquired in the July 2020 private placement or prospectus offering, and disposed of between August 24, 2020 and November 24, 2020 (inclusive), the Notional Entitlement shall be CAD$0.83 (being the difference between CAD$1.9815 and CAD$1.15).

  • For purposes of the distribution, a Notional Entitlement will be attributed to Class Members’ Hydrogen Peroxide purchases during the Class Period for purposes of calculating their entitlement to the Net Settlement Amount2.

  • For greater certainty, a Claimant is not entitled to a notice or a review where a claim is allowed but the Claimant disputes the determination of Notional Entitlement or his, her or its individual compensation.

  • Allocation of Notional Entitlement will be tracked retrospectively from the commencement of the Term, despite the date of effect of these Interim Procedures.

  • The Administrator shall apply first in first out principles (whereby securities are deemed to be sold in the same order that they were purchased) to determine the purchase transactions that correspond to the sale of Qualified Securities, including in the calculation of a Claimant’s Notional Entitlement.

  • A Settlement Class Member’s Notional Entitlement will be calculated as follows.

  • In no case shall an Eligible Claimant receive a total distribution that is greater than their Notional Entitlement.


More Definitions of Notional Entitlement

Notional Entitlement means an Authorized Claimant’s notional damages as calculated pursuant to the formulae set forth herein, and which forms the basis upon which each Authorized Claimant’s pro rata share of the Net Settlement Funds is determined.OBJECTIVE
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Notional Entitlement means an Authorized Claimant’s notional damages as calculated pursuant to the formulae set forth herein, and which forms the basis upon which each Authorized Claimant’s pro rata share of the Net Settlement Funds is determined.OBJECTIVE 2. The objective of this Distribution Protocol is to equitably distribute the Net Settlement Funds among Authorized Claimants. PROCESSING CLAIM FORMS 3. The Administrator shall review each Claim Form and verify that the Claimant is eligible for compensation from the Net Settlement Funds, as follows:(a) For a Claimant claiming as a Class Member, the Administrator shall be satisfied that the Claimant is a Class Member;(b) For a Claimant claiming on behalf of a Class Member or a Class Member's estate, the Administrator shall be satisfied that:
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Notional Entitlement means the value of the Settlement Class Member’s claim for the purposes of determining the Settlement Class Member’s pro rata share of the Net Settlement Amounts, calculated by the Claims Administrator in accordance with paragraphs 7 to 16 below.
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Related to Notional Entitlement

  • M2M Entitlement means a Non-Monitoring RTO’s share of a M2M Flowgate’s total capability to be used for settlement purposes that is calculated pursuant to Section 6 of Schedule D to this Agreement.

  • Partial Entitlement ADR(s) “Partial Entitlement ADS(s)” and “Partial Entitlement Share(s)” shall have the respective meanings set forth in Section 2.12.

  • Partial Entitlement Share(s) shall have the respective meanings set forth in Section 2.12.

  • Full Entitlement ADR(s) “Full Entitlement ADS(s)” and “Full Entitlement Share(s)” shall have the respective meanings set forth in Section 2.12.

  • Securities Entitlement means the rights and property interest of an Entitlement Holder with respect to a Financial Asset as set forth in Part 5 of Article 8 of the Uniform Commercial Code of the State of New York, as the same may be amended from time to time.

  • Uncertificated Notional Amount With respect to REMIC 2 Regular Interest Swap IO and each Distribution Date listed below, the aggregate Uncertificated Principal Balance of the REMIC 1 Regular Interests ending with the designation “A” listed below: 3 I-2-A through I-59-A and II-2-A through II-59-A 4 I-3-A through I-59-A and II-3-A through II-59-A 5 I-4-A through I-59-A and II-4-A through II-59-A 6 I-5-A through I-59-A and II-5-A through II-59-A 7 I-6-A through I-59-A and II-6-A through II-59-A 8 I-7-A through I-59-A and II-7-A through II-59-A 9 I-8-A through I-59-A and II-8-A through II-59-A 10 I-9-A through I-59-A and II-9-A through II-59-A 11 I-10-A through I-59-A and II-10-A through II-59-A 12 I-11-A through I-59-A and II-11-A through II-59-A 13 I-12-A through I-59-A and II-12-A through II-59-A 14 I-13-A through I-59-A and II-13-A through II-59-A 15 I-14-A through I-59-A and II-14-A through II-59-A 19 I-18-A through I-59-A and II-18-A through II-59-A 20 I-19-A through I-59-A and II-19-A through II-59-A 22 I-21-A through I-59-A and II-21-A through II-59-A 24 I-23-A through I-59-A and II-23-A through II-59-A 25 I-24-A through I-59-A and II-24-A through II-59-A 26 I-25-A through I-59-A and II-25-A through II-59-A 27 I-26-A through I-59-A and II-26-A through II-59-A 28 I-27-A through I-59-A and II-27-A through II-59-A 29 I-28-A through I-59-A and II-28-A through II-59-A 30 I-29-A through I-59-A and II-29-A through II-59-A 33 I-32-A through I-59-A and II-32-A through II-59-A 34 I-33-A through I-59-A and II-33-A through II-59-A 35 I-34-A through I-59-A and II-34-A through II-59-A 36 I-35-A through I-59-A and II-35-A through II-59-A 38 I-37-A through I-59-A and II-37-A through II-59-A 39 I-38-A through I-59-A and II-38-A through II-59-A 40 I-39-A through I-59-A and II-39-A through II-59-A 41 I-40-A through I-59-A and II-40-A through II-59-A 42 I-41-A through I-59-A and II-41-A through II-59-A 43 I-42-A through I-59-A and II-42-A through II-59-A 44 I-43-A through I-59-A and II-43-A through II-59-A 45 I-44-A through I-59-A and II-44-A through II-59-A 48 I-47-A through I-59-A and II-47-A through II-59-A 49 I-48-A through I-59-A and II-48-A through II-59-A 50 I-49-A through I-59-A and II-49-A through II-59-A 51 I-50-A through I-59-A and II-50-A through II-59-A 52 I-51-A through I-59-A and II-51-A through II-59-A 53 I-52-A through I-59-A and II-52-A through II-59-A 54 I-53-A through I-59-A and II-53-A through II-59-A 55 I-54-A through I-59-A and II-54-A through II-59-A 56 I-55-A through I-59-A and II-59-A through II-59-A 57 I-56-A through I-59-A and II-56-A through II-59-A 58 I-57-A through I-59-A and II-57-A through II-59-A 59 I-58-A through I-59-A and II-58-A through II-59-A 60 I-59-A and II-59-A thereafter $0.00

  • Class X Distributable Amount With respect to any Distribution Date, the amount of interest that has accrued on the Class X Notional Balance, as described in the Preliminary Statement, but that has not been distributed prior to such date. In addition, such amount shall include the initial Overcollateralization Amount of $10,346,197.30 ($10,346,297.30 less $100 of such amount allocated to the Class P Certificates) to the extent such amount has not been distributed on an earlier Distribution Date as part of the Overcollateralization Reduction Amount.

  • Uncertificated Distributable Interest As defined in Section 2.11(g) with respect to any REMIC I Regular Interest for any Distribution Date and in Section 2.13(g) with respect to any REMIC II Regular Interest for any Distribution Date.

  • Principal Distributable Amount With respect to any Distribution Date, the excess of (i) the Aggregate Note Principal Balance as of the close of the preceding Distribution Date over (ii) the result of the Aggregate Receivables Principal Balance as of the close of business on the last day of the immediately preceding Monthly Period minus the Overcollateralization Target Amount.

  • Class C Distributable Amount As defined in the Preliminary Statement.

  • Certificate Distributable Amount means, with respect to any Payment Date, the sum of the Certificate Interest Distributable Amount and the Certificate Principal Distributable Amount for such Payment Date.

  • Regular Principal Distributable Amount means, with respect to any Distribution Date, the lesser of (i) the Note Balance as of the day preceding such Distribution Date and (ii) (A) the excess, if any, of (x) the sum of the Note Balance as of the day preceding such Distribution Date and the Overcollateralization Target Amount for such Distribution Date over (y) the Pool Balance as of the last day of the preceding Collection Period minus (B) the sum of the Priority Principal Distributable Amount, if any, the Secondary Principal Distributable Amount, if any, the Tertiary Principal Distributable Amount, if any, and the Quaternary Principal Distributable Amount, if any, in each case for such Distribution Date.

  • Uncertificated Lower-Tier Interests Any of the Class LA1, Class LA2, Class LA3, Class LA4, Class LA5, Class LASB, Class LAS, Class LB, Class LC, Class LD, Class LE, Class LF and Class LNR Uncertificated Interests.

  • Certificate Interest Distributable Amount means, with respect to any Payment Date, the sum of the Certificate Monthly Interest Distributable Amount for such Payment Date and the Certificate Interest Carryover Shortfall for such Payment Date.

  • Certificate Principal Distributable Amount means, with respect to any Payment Date, the sum of the Certificate Monthly Principal Distributable Amount for each Payment Date and any outstanding Certificate Principal Carryover Shortfall as of the close of the immediately preceding Payment Date; provided, however, that the Certificate Principal Distributable Amount shall not exceed the Certificate Balance. In addition, on the Payment Date as of which all of the Receivables are to be purchased pursuant to Section 8.01, the principal required to be deposited into the Certificate Distribution Account will include the amount necessary to reduce the Certificate Balance to zero.

  • Income Account Record Date means the "Record Dates" set forth in the "Essential Information" in the Prospectus.

  • Class X-D Notional Amount With respect to the Class X-D Certificates as of any date of determination, the sum of the Component Notional Amounts of the Class X-D Components.

  • Class LB Uncertificated Interest An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

  • Class LC Uncertificated Interest An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Per Certificate Entitlement means the per Certificate entitlement to the underlying Precious Metal specified in the Final Terms (the "Initial Per Certificate Entitlement") which is thereafter reduced by the Reduction Percentage.

  • Class B Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of a 360 day year consisting of twelve 30 day months) on the Class B Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class B Rate or, in the case of the first Payment Date, on the Class B Initial Principal Balance.

  • Class A Principal Distributable Amount means, for any Distribution Date: (A) during the Revolving Period, zero; and (B) during the Amortization Period, an amount equal to the lesser of: (i) Available Funds remaining after payment of the amounts set forth in clauses (i) through (iv) of Section 5.08(a) hereto and (ii) the Class A Note Balance; provided, however, on the Class A Stated Final Maturity Date, the Class A Principal Distributable Amount will equal the Class A Note Balance.

  • Aggregate Class C Interest Distributable Amount With respect to any Distribution Date, the sum of (i) the Note Class Interest Distributable Amount for the Class C Notes as of such Distribution Date and (ii) the Class C Interest Carryover Shortfall as of the close of the preceding Distribution Date.

  • Class A-4 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of a 360 day year consisting of twelve 30 day months) on the Class A‑4 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑4 Rate or, in the case of the first Payment Date, on the Class A‑4 Initial Principal Balance.

  • Noteholders’ Regular Principal Distributable Amount With respect to the Notes, for any Distribution Date, the lesser of: