Settlement Reserves definition

Settlement Reserves means the aggregate amount of Tort Settlement Amounts plus the face amount of any filed proof of claim asserting a Tort Claim against the Debtors, the sum of which shall be reserved from the Self-Insured Trust until such time the Tort Claims are settled and paid or otherwise reduced to judgment and paid.
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Settlement Reserves means the reserves for the Reinsured Claims calculated in accordance with the actual means, methodologies, principles, practices, procedures and policies used by the Company in calculating reserve and claim liabilities for the Reinsured Claims and the Related Policies for purposes of the Company’s year- end 1998 statutory financial statements as disclosed by the Company to the Reinsurer prior to the date of this Agreement (including, but not limited to, the fact that the Company has calculated reserves for the Reinsured Claims using the 1964 CDT table at 3% for disabilities incurred prior to 1993 and the 1987 CGDT table at 5% for disabilities incurred after 1992).
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Examples of Settlement Reserves in a sentence

  • Certain lands deemed to be reserves under West Coast Settlement Reserves Act, 1892.

  • A BI_LL INTITULED AN AcT to repeal " The West Coast Settlement Reserves Act, 1881," Title.

  • Ac- cording to the NZ Institute of Economic Research [2003], Ma¯ori land administered by incor- porations and trusts is estimated to be worth $NZ 1.5 billion and contributes around $NZ 700 million a year to the NZ economy.In 1963, 22,000 hectares of Ma¯ori land originally confiscated by the Crown and absorbed into the West Coast Settlement Reserves were amalgamated into the Parininihi ki Waitotara Mega Reserve making all land owners now shareholders in a single, large portfolio.

  • However the Plan is silent on specific Māori cultural activities (irrespective of whether they occur on Māori Land or not) and on management of nuisance type effects in proximity to Marae/Pa. The history of Māori land in the District is well reported in numerous reports (e.g. The Taranaki Report, Kaupapa Tuatahi), legislation (e.g. Treaty of Waitangi settlements, West Coast Settlement Reserves Act 1881), royal commissions (e.g. the Simms Commission), waiata, karakia, whakatauki and the like.

  • Special Funds are Statewide funds that are not unique to any one agency: swf301 Catastrophic Event Fundswf302 Major Information Technology Development Project Fund swf305 Cigarette Restitution Fundswf306 Special Revenue Fund-Tobacco Settlement Reserves swf307 Dedicated Purpose Fundswf308 IWIF-Safety Incentive Grant Program Fund swf309 Chesapeake Bay Restoration Fund Federal FundsThe six digit Catalog of Federal Domestic Assistance (CFDA) number.

  • That, including the said lands, I am not the owner, tenant, or oceupier, directly or indirectly, either by myself or jointly with any other person or persons, of any lands being portions of reserves within the meaning of " The West Coast Settlement Reserves Act, 1892," exceeding in the whole six hundred and forty acres.

  • The term “Settlement Amount” means an amount equal to the Settlement Reserves for the Reinsured Claims as of the Effective Date.

  • Anything to the contrary in this Section 2.1 notwithstanding, Agent shall have the right (but not the obligation), in the exercise of its Permitted Discretion, to establish and increase or decrease Receivable Reserves, Inventory Reserves, Bank Product Reserves, Cash Settlement Reserves, and other Reserves against the Revolver Borrowing Base or the Maximum Revolver Amount.

  • Rather, they were placed under the Public Trustee to administer under the West Coast Settlement Reserves Act 1881 with the owners losing control of their lands.

  • Estimated Third-Party Settlement Reserves The Network currently maintains estimated third party settlement reserves related to governmental and non-governmental audits.

Related to Settlement Reserves

  • Replacement Reserve As defined in Section 9.5.1.

  • Cash Management Reserves means such reserves as the Agent, from time to time, determines in its Permitted Discretion as being appropriate to reflect the reasonably anticipated liabilities and obligations of the Loan Parties with respect to Cash Management Services then provided or outstanding.

  • Cash Reserve means for any Financed Receivable which has been paid in full during a Monthly Period, the amount by which the amount(s) paid on such Financed Receivable exceeds the Advance made on such Financed Receivable.

  • Rent Reserve means, with respect to any store, warehouse distribution center, regional distribution center or depot where any Inventory subject to Liens arising by operation of law is located, a reserve equal to two (2) months’ rent at such store, warehouse distribution center, regional distribution center or depot.

  • Replacement Reserve Fund shall have the meaning set forth in Section 7.3.1 hereof.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Interest Reserve means, for any Calculation Period, the product (expressed as a percentage) of (i) 1.5 times (ii) the Alternate Base Rate as of the immediately preceding Cut-Off Date times (iii) a fraction the numerator of which is the highest Days Sales Outstanding for the most recent 12 Calculation Periods and the denominator of which is 360.

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • PDP Reserves means the Proven Reserves which are categorized as both “developed” and “producing” under the definitions for oil and gas reserves promulgated by the Society of Petroleum Evaluation Engineers (or any generally recognized successor) as in effect at the time in question and reasonably acceptable to the Administrative Agent.

  • Disputed Claims Reserve means a reserve of Cash that may be funded on or after the Effective Date pursuant to Article VII.E hereof.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Interest Reserve Amount With respect to each Mortgage Loan that is an Interest Reserve Loan (or the related successor REO Mortgage Loan), for any Distribution Date that occurs during February of any year or during January of any year that is not a leap year, an amount equal to one day’s interest accrued at the related Net Mortgage Rate on the related Stated Principal Balance as of the end of the Collection Period related to such Distribution Date, but prior to giving effect to the application of any amounts due on the Due Date occurring in such Collection Period, to the extent that a Monthly Payment is Received by the Trust with respect to such Interest Reserve Loan for the related Due Date in the same month as such Distribution Date on or before the related Master Servicer Remittance Date or a P&I Advance is made under this Agreement with respect to such Interest Reserve Loan by such Distribution Date. For purposes of calculating Interest Reserve Amounts, the Net Mortgage Rate for each Interest Reserve Loan shall be the Net Mortgage Rate in effect (including as a result of any step-up provision) under the original terms of such Interest Reserve Loan in effect as of the Closing Date, without regard to any modifications, extensions, waivers or amendments of such Interest Reserve Loan subsequent to the Closing Date (whether entered into by the applicable Master Servicer, the applicable Special Servicer, the Non-Trust Master Servicer or the Non-Trust Special Servicer or in connection with any bankruptcy, insolvency or other similar proceeding involving the related Borrower).

  • Capital Reserves means, for any period and with respect to a Property, an amount equal to (a) $0.05 per square foot times (b) a fraction, the numerator of which is the number of days in such period and the denominator of which is 365. If the term Capital Reserves is used without reference to any specific Property, then the amount shall be determined on an aggregate basis with respect to all Properties of the Trust and its Subsidiaries and a proportionate share of all Properties of all Unconsolidated Affiliates.

  • Bank Product Reserves means all reserves which the Agent from time to time establishes in its reasonable discretion for the Bank Products then provided or outstanding.

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

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Bank Product Reserve means the aggregate amount of reserves established by the Administrative Agent from time to time in its Permitted Discretion in respect of Secured Bank Product Obligations.

  • Operating Reserve means generation capacity or load reduction capacity which can be called upon on short notice by either Party to replace scheduled energy supply which is unavailable as a result of an unexpected outage or to augment scheduled energy as a result of unexpected demand or other contingencies.

  • Settlement Funds means moneys allocated to this state from the environmental mitigation trust specified in par. (d) and received by the state from the trustee.

  • Replacement Reserve Agreement means a Replacement Reserve and Security Agreement, reasonably required by the Lender, and completed in accordance with the requirements of the DUS Guide.

  • LC Reserve the aggregate of all LC Obligations, other than (a) those that have been Cash Collateralized; and (b) if no Default or Event of Default exists, those constituting charges owing to the Issuing Bank.

  • Capital Reserve means for any period and with respect to a Property (other than any Projects Under Development), an amount equal to the product of (i) the gross leaseable area contained in such Property (in square feet), multiplied by (ii) $0.30 per annum.

  • Required Reserves at any time means the product of (x) the Net Pool Balance and (y) the greater of (I) 13.00% and (II) the sum of (a) the Yield Reserve Ratio, plus (b) the Servicing Fee Reserve Ratio, plus (c) the greater of (i) the sum of the Loss Reserve Ratio and the Dilution Reserve Ratio and (ii) the Minimum Reserve Ratio, each as in effect at such time.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Interest Reserve Account means that Interest Reserve Account maintained by the Master Servicer pursuant to Section 5.1(a), which account shall be an Eligible Account.

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