Aggregate Surplus definition

Aggregate Surplus means the aggregated Members’ Surplus for all Members of the Group plus other unearned income of the Group.
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Aggregate Surplus shall equal the sum of all of the Unit Surplus.
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Aggregate Surplus means the excess, if any, of the sum of Final Contributions (premiums) and investment income allocated to the Trust, over the sum of Incurred Claims plus Administrative Expenses, for all Members of the Trust, cumulatively since inception of the Trust, as measured at a financial statement date recognized by the Board of Trustees in their reasonable discretion.
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Examples of Aggregate Surplus in a sentence

  • If the Members fail to make the required payments, then the aggregated Deficit Amounts shall be made up immediately with the Aggregate Surplus from a prior Fund Year or the Members shall be subject to automatic assessment without further action by the Group.

  • Any changes to the Preliminary Closing Balance Sheet resulting from such resolution of the Unresolved Changes shall be made, and such Preliminary Closing Balance Sheet, as so changed, shall be the Final Closing Balance Sheet and the final Purchase Price as of the close of business on the Transaction Closing Date shall be the Aggregate Surplus recalculated to reflect the Final Closing Balance Sheet.

  • Any Aggregate Surplus resulting from favorable loss experience of the Trust may be made available as a return of Contribution (premium) or may be taken into account in establishing the Contribution (premium) in future years by the Trust’s Board of Trustees, acting in their reasonable discretion, in accordance with a Refund or Credit Plan, whether in writing, by Board resolution, or through the Trust’s customary practice, as in effect from time to time.

  • If, following such application of the Aggregate Surplus, a Deficit Amount still exists for Members for the Fund Year in question, then such Members shall pay an additional premium assessed pursuant to the provisions of Section 7(c) and assessed pro rata based on the Final Contribution (premium) of each Member.

  • If, following the application of the Aggregate Surplus, aggregated Deficit Amounts still exist for the Members, then the Members shall pay an additional premium assessed pursuant to the provisions of Section 8(c) and assessed pro rate based on the Net Contribution of each Member.

  • If following this assessment, a Deficit Amount still exists for the Member but an Aggregate Surplus exists for the Group for the Fund Year in question, then the Deficit Amounts for all Members shall be aggregated and the Aggregate Surplus shall be applied to the aggregated Deficit Amounts.

  • Aggregate Surplus Finance Charge Amount % % minus Required Surplus Finance Charge Amount /1/ Values for Current Due Period on an Actual Basis reflect, in the case of a first due period close of a tranche of Notes, activity from the close date until the first due period end, or, as in the case of Investor Monthly Interest and certain fees, until the first Monthly Interest Date.

  • If the Members fail to ma ke the required payments, then the aggregated Deficit Amounts shall be made up immedi- ately with the Aggregate Surplus from a prior Fund Year or the Members shall be subject to automatic assessment without further action by the Trust.

  • If, following the annual adjustment referenced in Section 6, a Deficit Amount exists for the Members but an Aggregate Surplus exists for the Group for the Fund Year in Surplus shall be applied to the aggregated Defi- cit Amounts.

  • Co.NY11EXC704050IV $25,000,000$25,000,000$25,000,000 Each Occurrence (p/o of $50,000,000)AggregateProducts/Completed Operations Aggregate *Surplus Lines Taxs & Fees are not included.


More Definitions of Aggregate Surplus

Aggregate Surplus means the total aggregate Surplus of the Companies on the Transaction Closing Date.
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Aggregate Surplus means the positive amount by which Aggregate Assets exceed Aggregate Liabilities as of the beginning of a Plan Year. The Aggregate Assets and Aggregate Liabilities shall be as contained in the most recent Valuation.
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Related to Aggregate Surplus

  • Aggregate Cap means (x) with respect to any four fiscal quarter period through and including the four fiscal quarter period ended after the consummation of the Empire Acquisition, 20% and (y) thereafter, 15%, in each case, of Consolidated EBITDA for the relevant Test Period (calculated prior to giving effect to any add-backs subject to the Aggregate Cap).

  • Distributable surplus means the Gains that has been realised on a marked to market basis and is carried forward to the balance sheet at market value, arising out of appreciation on investments which is readily available for distribution to the unit holders as Income.

  • Aggregate Collateral Balance means, as at any Measurement Date, the amount equal to the aggregate of the following amounts, as at such Measurement Date:

  • Capital Surplus has the meaning assigned to such term in Section 6.3(a).

  • Total Available Funds shall have the meaning set forth in Section 5.7(a).