Agreement to Reimburse. Subject to compliance with all applicable statutory requirements and Section 7 below, the Commission agrees to reimburse LU fifty percent (50%) of the final Project Cost from any and all legally available funds, which is estimated to be and unless agreed otherwise will not exceed $3,100,000.00.
Agreement to Reimburse. 10 Section 2.02. Priority of Other Loss Protection....................................................11 Section 2.03. RCCA Draw Limit......................................................................12 Section 2.04. Term of Reimbursement Obligation.....................................................12 Section 2.05. Recoveries...........................................................................13
Agreement to Reimburse. (a) The Seller hereby agrees with respect to each RCCA that if Financial Security will make a Policy Payment under the related Policy on any Insured Distribution Date then, at any time on or after the Business Day prior to the Distribution Date preceding such Insured Distribution Date, Financial Security shall have the right to withdraw monies from such RCCA in an amount not exceeding the lesser of the amount of such Policy Payment and the amount on deposit in such RCCA, either for the purpose of making such Policy Payment or as reimbursement for making such Policy Payment. Financial Security agrees that it shall first apply amounts available (including, with respect to Subsequent Reinsurance, amounts deemed available in accordance with the definition thereof), if any, from the following sources to make such Policy Payment:
Agreement to Reimburse. Purchaser hereby agrees to reimburse Seller for any and all costs, losses, charges, liabilities, obligations, damages, punitive damages, lawsuits, actions, judgments, deficiencies, demands, fees, settlements and expenses that Seller may incur by reason of or pursuant to Article V of the Director Stock Purchase Agreement with respect to the Director Shares.
Agreement to Reimburse. Cybex hereby unconditionally agrees to reimburse and guarantees payment to UM Holdings for all amounts UM Holdings might incur in connection with UM Holdings’ agreement to obtain and provide a guarantee and collateral regarding the Security, specifically including but not limited to any payment UM Holdings might be required to make in connection with a draw on the Wachovia LC or similar instruments provided as the Security, interest paid by UM Holdings on the Security, any bank or third party fees, attorney fees (to the extent such are reasonable) and all other reasonable fees or expenses paid by UM Holdings on behalf of Cybex with regard to the Security. Any obligation of Cybex to make a payment to UM Holdings pursuant to this Section 1.01 is herein referred to as a “Reimbursement Obligation.”
Agreement to Reimburse. The Pledgor agrees with the Company to repay and reimburse the Company for any amounts paid by the Company on the Loan and for the fair market value of any of the Bank Collateral applied by the Bank toward the Loan, together with interest on such amounts from the date of such repayment or reimbursement at a rate per annum equal to 9% per annum through the date of payment, such payment or reimbursement to be made within 30 days of such payment or application. If the amounts due hereunder are not repaid to the Company within such 30 day period, the rate of interest shall increase to 15% per annum until such amount have been paid in full.
Agreement to Reimburse. In consideration of the promises and actions performed as specified in paragraph A.1 of this Agreement, the County Parties agree as follows:
Agreement to Reimburse. With respect to each Rating Period for which the Company is a Participating Company, the Company shall reimburse Limited in the amount of the Company's Allocate Share of Adjusted Premiums for such Rating Period. Within fifteen (15) days of receipt from Broker of each monthly invoice setting forth the Company's Allocate Share of each installment of Estimated Premiums for each Rating Period during which the Company is a Participating Company, the Company shall remit to Limited, or on Limited's behalf and at its direction to Broker or Insurer, the Company's Allocate Share of each installment of Estimated Premiums. Upon determination of the Company's Allocate Share of the Premium Adjustment on each Calculation Date, the Company shall be provided with a Retrospective Adjustment Statement setting forth the Company's Allocate Share of the Premium Adjustment. If the Company's Allocate Share of the Premium Adjustment is positive, Limited or on Limited's behalf, Broker shall pay to the Company an amount equal to such positive amount within fifteen (15) days of the date of the Retrospective Adjustment Statement. If the Company's Allocate Share of the Premium Adjustment is negative, the Company shall pay to Limited or at Limited's direction to Broker an amount equal to such negative amount within fifteen (15) days of the date of the Retrospective Adjustment Statement. In the event that for any Rating Period there are any claims under the Insurance Program with respect to any Participating Company which claims remain open or a balance remains in the deductible prepayment fund after the first Calculation Date, as of each subsequent Calculation Date there shall be a new determination of the Adjusted Premium, the Premium Adjustment and each Participating Company's Allocate Share of the Premium Adjustment and the Company shall be provided with a recalculated Retrospective Adjustment Statement. Upon final settlement of all claims with respect to a Rating Period, Limited shall request the Broker to make a final determination of the Adjusted Premium, the Premium Adjustment and each Participating Company's Allocate Share of the Premium Adjustment taking into account the final reconciliation of the deductible prepayment fund and to provide to the Company and Limited a final Retrospective Adjustment Statement setting forth the Company's Allocate Share of the final Premium Adjustment. If the Company's Allocate Share of the final Premium Adjustment for the Rating Period exceeds th...
Agreement to Reimburse. If, on the earlier of the termination date of the Advisory Agreement or December 31, 2011 (the “Determination Date”), total Operating Expenses of the Company exceed the 2%/25% limitation (measured for the Company’s entire operating history), then Advisor shall promptly, but in no event later than 15 days following the Determination Date (the “Payment Date”), reimburse the Company for the March 2011 Excess Amount to the extent the March 31, 2011 Excess Amount is greater than an amount equal to (x) total Operating Expenses of the Company less (y) the 2%/25% limitation, measured for the Company’s entire operating history (such amount, the “Determination Date Payment”). The Company agrees that the March 2011 Excess Amount shall not exceed $1,230,316.
Agreement to Reimburse. If, on the earlier of the termination date of the Advisory Agreement or June 30, 2012 (the “Determination Date”), Operating Expenses of the Company for the four quarters ended March 31, 2011 (“3/31/11 Operating Expenses”) exceed the 2%/25% limitation (measured from the commencement of the Company’s operations through the Determination Date), then Advisor shall promptly, but in no event later than 30 days following the Determination Date (the “Payment Date”), reimburse the Company for the March 2011 Excess Amount in an amount equal to the amount by which the 3/31/11 Operating Expenses exceed the 2%/25% limitation measured from the commencement of the Company’s operations through the Determination Date (such amount, the “Determination Date Payment”). The Company agrees that the March 2011 Excess Amount shall not exceed $1,230,316.
