Earmarked Amount definition

Earmarked Amount means at any time the sum mutually agreed in writing between us or such other sum specified by us from time to time; and
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Examples of Earmarked Amount in a sentence

  • Within five (5) business days from the date of receipt of the notice referenced in paragraph 14.A or the notice referenced in paragraph 14.B hereof, AISLIC will pay, or cause to be paid, to the escrow account of ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ & Finger, P.A., the Earmarked Amount on behalf of the Outside Directors.

  • AISLIC, Gulf and the Insured Defendants hereby expressly consent and agree that the Earmarked Amount shall be used to fund: (i) the Outside Director Settlement Agreement in the event the Outside Director Settlement Trigger Date occurs, or (ii) the Chancery Court Settlement, in the event the Chancery Settlement Effective Date occurs.

  • In the event the Effective Date does not occur and the Outside Director Settlement Agreement or the Chancery Court Settlement is consummated and funded with the Earmarked Amount by AISLIC, then the releases provided in Paragraphs 8 and 9 hereof shall be void ab initio and shall be of no further force and effect.

  • In the event that the Outside Director Settlement Agreement or the Chancery Court Settlement is consummated and such settlement is funded by AISLIC with the Earmarked Amount such that AISLIC has made payment of the aggregate sum of $10 Million under the AISLIC Primary Policy, Gulf will pay to ▇▇.

  • The Commitment and the Earmarked Amount of each Rupee Lender shall be reduced pro rata to effect any such reduction of the Available Commitment.

  • The Borrower and Rupee Lenders shall notify the Issuing Bank if any Drawdown is made from their Unutilized Earmarked Amount.