Recoverable Amount definition
Examples of Recoverable Amount in a sentence
The Company may apply for additional insurance to insure payment to the Company of the Recoverable Amount.
The Executives may elect an earlier Roll-out date provided that the Company receives a policy with cash surrender value equal to Company Cumulative Outlays and with death benefits at least equal to the Recoverable Amount.
The Executive may direct the Company to borrow against the cash value of the Policy or surrender any paid-up additions to the Policy and purchase the Policy, subject to any such Policy loan, for an amount equal to the Company's Recoverable Amount less such borrowed or cashed-in values.
In the case of the Recovery Events listed in limbs (a), (c) and (d) of the definition of Recovery Event, the Recoverable Amount shall be a sum equivalent to the Firm Scheme Grant paid in relation to the affected Firm Scheme.
In the event that the Recoverable Amount is paid pursuant to the terms of the CIE Proceeds and Reservation of Rights Agreement or otherwise, CEOC’s Cause of Action against CEC on account of the Recoverable Amount will be released.