Amount Restored Clause Samples
The "Amount Restored" clause defines how previously reduced or used amounts under a contract, such as credit limits or insurance coverage, can be reinstated after certain events. Typically, this clause applies when a payment is made or a claim is settled, allowing the original limit or coverage to be replenished up to its initial value. For example, if a borrower repays part of a revolving credit line, the available credit is restored by that amount. The core function of this clause is to ensure ongoing access to the full contractual amount, thereby maintaining flexibility and continuous coverage or credit for the parties involved.
Amount Restored. The amount to be restored under the preceding provisions of this Section 9.02 shall be the dollar value of the Account balance, both the amount distributed and the amount forfeited. The Participant’s Account balance shall be restored as soon as administratively practicable after the later of the date the Participant first performs an Hour of Service after his Separation From Service or the date on which any required repayment is completed.
Amount Restored. The amount to be restored under the preceding provisions of this Section 9.02 shall be the dollar value of the Member's Matching Contribution Account and Supplemental Contribution Account balances, both the amount distributed and the amount forfeited. The Member's Matching Contribution Account and Supplemental Contribution Account balances shall be restored as soon as administratively practicable after the later of the date the Member first performs an Hour of Service after his Separation From Service or the date on which any required repayment is completed. No distribution shall be made to a Member as a result of a prior Separation From Service after the restoration of such account balances has been effectuated.
Amount Restored. The amount to be restored under the preceding provisions of this Section shall be the dollar value of the amount in the Member’s ESOP Account and Employer Contribution Account, both the amount distributed and the amount forfeited (determined as of the date of the distribution or deemed distribution), unadjusted by any subsequent gains or losses. The Member’s ESOP Account and Employer Contribution Account balance shall be restored as soon as administratively practicable after the later of the date the Member resumes employment covered under the Plan or the date on which any required repayment is completed. No distribution shall be made to a Member from his ESOP Account and Employer Contribution Account as a result of a prior Separation From Service after the restoration of such Account has been effectuated.