115 Synthetic Commutation Sample Clauses

115 Synthetic Commutation. A type of Alternative Resolution concerning Policy Claims arising out of Policies insuring securities that are held by multiple Beneficial Holders whereby the Rehabilitator or AAC is unable to reach a universal settlement with all Beneficial Holders of such securities and, instead, settles Policy Claims held by certain (rather than all) Beneficial Holders of such securities, as further described in that certain Order Confirming Procedures for Resolving Alternative Resolutions Including Synthetic Commutations, dated August 31, 2011.