Terminal Settlement definition

Terminal Settlement has the meaning set forth in Section 8.4.
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Terminal Settlement has the meaning set forth in Section 9.03(b).
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Terminal Settlement has the meaning set forth in Section 8.4(a). “Terminal Settlement Statement” has the meaning set forth in Section 8.4(a). “Termination Event” has the meaning set forth in Section 8.3(b).
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Examples of Terminal Settlement in a sentence

  • For the avoidance of doubt, no Reinsurer shall be liable for any other Reinsurer's quota share percentage of the Company's liability under the Policy, for any late payment fees attributable to another Reinsurer, or any Terminal Settlement Amount or True-Up Amount payable by any other Reinsurer, as applicable.

  • For the avoidance of doubt, upon the occurrence of an Insolvency Event, the Reinsurer shall not deposit or withdraw any Assets from the Trust Account, regardless of the Outstanding Collateral Amount, until the payment of the Terminal Settlement Amount is received by the respective party, as applicable under the terms of Article 8 - SPECIAL TERMINATION, subparagraph E.

  • For the avoidance of doubt, no Reinsurer shall be liable for any other Reinsurer’s quota share percentage of the Company’s liability under the Policy, for any late payment fees attributable to another Reinsurer, or any Terminal Settlement Amount or True-Up Amount payable by any other Reinsurer, as applicable.

  • In addition, following the Recapture Date, the Trust Account shall be terminated and any remaining amounts or amount held in trust pursuant to Section 4.3 shall be released to the Reinsurer after the full satisfaction of the Terminal Settlement pursuant to the Terminal Settlement Statement.

  • If the amount of the Terminal Settlement for the Terminal Accounting Period is positive, the Ceding Company shall pay such amount to the Reinsurer within five (5) calendar days of its receipt of the Terminal Settlement Statement.

  • If the amount of the Terminal Settlement for the Terminal Accounting Period is negative, the Reinsurer shall pay the absolute value of such amount to the Ceding Company at the time it delivers the Terminal Settlement Statement to the Ceding Company.

  • In connection with a recapture pursuant to Section 7.3, the Reinsurer shall prepare a settlement statement within fifteen (15) calendar days of the Recapture Date (the "Terminal Settlement Statement") setting forth the terminal settlement calculated in accordance with Exhibit D for the Terminal Accounting Period (the "Terminal Settlement").


More Definitions of Terminal Settlement

Terminal Settlement has the meaning set forth in Section 7.4. "Terminal Settlement Statement" has the meaning set forth in Section 7.4. "Third Party Appraiser" means a nationally recognized independent appraisal firm which is mutually acceptable to the Reinsurer and the Ceding Company or, if the Reinsurer and the Ceding Company are unable to agree on such an appraisal firm, an independent appraisal firm selected by mutual agreement of the Reinsurer's and the Ceding Company's independent accountants. "Third-Party Claim" has the meaning set forth in Section 8.3(a). "Total Adjusted Capital" means, with respect to any insurance company, its total adjusted capital as calculated in accordance with the most current formula for calculating such amount adopted by the insurance regulatory authority in such insurance company's state of domicile. "Transaction Agreements" means the Purchase Agreement and each of the Ancillary Agreements other than this Agreement. "Treasury Regulations" means the Treasury Regulations (including temporary and proposed Treasury Regulations) promulgated by the United States Department of Treasury with respect to the Code or other United States federal Tax statutes. "Triggering Event" means either of the following occurrences: (a) the Reinsurer's RBC Ratio falls below 300% as of a quarter-end and the Reinsurer has not cured such shortfall as of the applicable RBC Reporting Deadline; provided, that in the event there is a material change in the factors and formulae prescribed by the insurance regulatory authority in the Reinsurer's state of domicile with respect to the components of and methodologies contained in such calculation, the Parties shall amend this Agreement to incorporate an alternate calculation that is reasonably equivalent to the components of and methodologies contained in the calculation of the Reinsurer's RBC Ratio in effect as of the Effective Time within thirty (30) calendar days after the implementation of such change, and if the Parties cannot agree on any such alternative, the Reinsurer shall continue to calculate its RBC Ratio as if such material change had not occurred; or 10 <Page> (b) at any time following a Trust Withdrawal Event, the financial strength rating of the Reinsurer falls below "BBB" as rated by S&P and "Baa2" as rated by Moody's. 11 <Page> "Trust Account" means the reserve trust account established by the Reinsurer and the Ceding Company for the benefit of the Ceding Company under the Trust Agreement. "Trust Agreement" me...
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Terminal Settlement shall have the meaning specified in Section 8.03(a).
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Terminal Settlement has the meaning set forth in SECTION 8.4.
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Terminal Settlement has the meaning set forth in Section 9.4(a). “Terminal Settlement Date” has the meaning set forth in Section 9.3(b). “Terminal Settlement Statement” has the meaning set forth in Section 9.4(a). “Termination Date” has the meaning set forth in Section 9.3(b). “Termination Event” means any failure by the Ceding Company (or any successor by operation of law of the Ceding Company, including, but not limited to, any receiver, liquidator, rehabilitator, conservator or similar Person of the Ceding Company) to pay any material amount
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Terminal Settlement shall have the meaning specified in the Reinsurance Agreement. The term “Termination Date” shall have the meaning specified in Section 10(b) of this Agreement. The term “Termination Notice” shall have the meaning specified in Section 10(b) of this Agreement. The term “Trust Account” shall have the meaning specified in the recitals. The term “Trustee” shall have the meaning specified in the preamble. The term “Withdrawal Notice” shall have the meaning specified in Section 2(c) of this Agreement. The term “Withdrawing Party” shall have the meaning specified in Section 2(c) of this Agreement. Section 12.
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Related to Terminal Settlement

  • Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by the State. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.

  • Final Settlement Date has the meaning set forth in Section 3.1(e).

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Operating Agreement, section 3.3. PJM Tariff, Xxxxxx, O.A.T.T., OATT or PJM Open Access Transmission Tariff: “PJM Tariff,” “Tariff,” “O.A.T.T.,” “OATT,” or “PJM Open Access Transmission Tariff” shall mean that certain PJM Open Access Transmission Tariff, including any schedules, appendices or exhibits attached thereto, on file with FERC and as amended from time to time thereafter. Plan:

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Final Settlement Statement has the meaning set forth in Section 2.6(b).

  • 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.

  • 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.

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 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.

  • Day-ahead Settlement Interval means the interval used by settlements, which shall be every one clock hour. Day-ahead System Energy Price:

  • Viatical settlement broker means a person, including a life insurance producer as provided for in section 508E.3, who, working exclusively on behalf of a viator and for a fee, commission, or other valuable consideration, offers or attempts to negotiate viatical settlement contracts between a viator and one or more viatical settlement providers or one or more viatical settlement brokers. Notwithstanding the manner in which the viatical settlement broker is compensated, a viatical settlement broker is deemed to represent only the viator, and not the insurer or the viatical settlement provider, and owes a fiduciary duty to the viator to act according to the viator’s instructions and in the best interest of the viator. “Viatical settlement broker” does not include an attorney, certified public accountant, or a financial planner accredited by a nationally recognized accreditation agency who is retained to represent the viator and whose compensation is not paid directly or indirectly by the viatical settlement provider or purchaser.

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.

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

  • Energy Settlement Area means the bus or distribution of busses that represents the physical location of Network Load and by which the obligations of the Network Customer to PJM are settled. Energy Storage Resource:

  • 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;

  • Viatical settlement contract or “contract” means a written agreement entered into between a provider and a viator in which the provider will pay consideration that is less than the expected death benefit of the viator's policy in return for the viator's assignment, transfer, sale, devise, or bequest of the death benefit or ownership of the policy to the provider.

  • Cash Settlement Averaging Period means, with respect to a Security that is tendered for conversion in accordance with this Article X, the twenty (20) consecutive Trading-Day period that begins on, and includes, the third (3rd) Trading Day after the Conversion Date for such Security; provided, however, that if such Conversion Date is on or after the twenty third (23rd) scheduled Trading Day prior to the Maturity Date, then the Cash Settlement Averaging Period with respect to such conversion shall be the twenty (20) consecutive Trading-Day period that begins on and includes the twentieth (20th) scheduled Trading Day prior to the Maturity Date.

  • 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.

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

  • Net Share Settlement On each Settlement Date, Issuer shall deliver to Dealer a number of Shares equal to the Number of Shares to be Delivered for such Settlement Date to the account specified by Dealer and pay cash to Dealer in lieu of any fractional shares valued at the Relevant Price on the Valuation Date corresponding to such Settlement Date. Number of Shares to be Delivered: In respect of any Exercise Date, subject to the last sentence of Section 9.5 of the Equity Definitions, the product of (i) the number of Warrants exercised or deemed exercised on such Exercise Date, (ii) the Warrant Entitlement and (iii)(A) the excess, if any, of the VWAP Price on the Valuation Date occurring on such Exercise Date over the Strike Price, divided by (B) such VWAP Price. The Number of Shares to be Delivered shall be delivered by Issuer to Dealer no later than 4:00 P.M. (local time in New York City) on the relevant Settlement Date.

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

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

  • Retail Settlement Code or “Code” means this code approved by the Board and in effect at the relevant time, which, among other things, establishes a distributor’s obligations and responsibilities associated with financial settlement among retailers and consumers and provides for tracking and facilitating consumer transfers among competitive retailers.

  • 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.

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

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