Estimated Surplus definition

Estimated Surplus shall have the meaning set forth in Section 3.3(a) hereof;
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Estimated Surplus has the meaning set forth in Section 1.05(a).
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Estimated Surplus shall have the meaning given to such term in SECTION 2.2.
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Examples of Estimated Surplus in a sentence

  • The table below summarizes (i) the net assets available for distribution, (ii) the Estimated Reserve, and (iii) the Estimated Surplus available for the Fourth Interim Distribution of approximately $25.7 million as at May 31, 2020 (the “ Estimated Surplus”), all of which is proposed to be distributed to the GIA (assuming that the Liquidator does not receive any additional claims by August 1, 2020, being 10 days following the publication of the July 21, 2020 Notice of Distribution)..

  • As the Estimated Surplus is held in a combination of Canadian dollars, U.S. dollars, and Euros, the Estimated Surplus available for distribution, if approved by the Court, will fluctuate with changes in the foreign exchange rates.

  • The Purchase Price Adjustment Report shall be prepared using the same format and the same methodologies used in preparing the statement of the Estimated Surplus Amount referred to in Section 2.3(b) of this Agreement and shall clearly set forth and describe any variations between the Estimated Surplus Amount and Buyer’s calculation of the Final Surplus Amount (or any figures used by Buyer in calculating the same).

  • For Purposes of Guideline 8: Surplus shall be defined as any Town personal property and/or asset that is no longer needed now or in the foreseeable future or that is no longer of value or use to the Town and Estimated Surplus Value shall be defined as the estimated amount of money an interested party will be willing to pay the Town for the property.

  • Subsequently, on March 10, 2017, the Liquidator filed its Eleventh Report which provided information to the Court in respect of the statement of receipts and disbursements for the period ending February 28, 2017, an update on the Claims Procedure, the Estimated Surplus available to satisfy stakeholders and a request to make an interim distribution to the GIA, and approval of the notice of distribution as published on March 3, 2017.

  • As noted above, the Toronto Branch’s two largest stakeholders reside in Germany, namely the GDPF, as the assignee of German depositors with proven Claims of $686.1 million (plus accrued interest) and the GIA for the Estimated Surplus.

  • The Liquidator is therefore seeking the Court’s approval to (a) convert the amounts payable to the GDPF in respect of their Proven Claims and the Estimated Surplus distribution to the German Estate to Euros, or (b) purchase an alternative derivative financial product that will hedge the FX Risk until the Interim Distribution Date once the Interim Distribution is approved, subject, in each case, to the approval of the GDPF and/or the GIA, as the case may be.

  • Estimated Surplus and Deficits Regulations require the Council to make estimates in January each year of the surplus or deficit likely to arise at the year end, and to transfer these amounts into or out of the collection fund in the following financial year.

  • On March 10, 2017, the Liquidator filed its Eleventh Report which provided information to the Court in respect of the statement of receipts and disbursements for the period ending February 28, 2017, an update on the Claims Procedure, the Estimated Surplus available to satisfy stakeholders and a request to make an interim distribution to the GIA, and approval of the notice of distribution as published on March 3, 2017.

  • Such monthly reports shall be for informational purposes only and shall not be deemed probative or supportive in any way of either party’s calculation of the MLR, PROVIDER HMO MLR, First or Second Estimated Surplus or Deficit, the Interim Settlement Amount or the Final Settlement.


More Definitions of Estimated Surplus

Estimated Surplus means the extent, if any, that the Net Working Capital Amount of the Company shown in the Estimated Closing Balance Sheet is more than $737,700 in absolute terms.
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Estimated Surplus means the estimated Surplus as of the Effective Time (without taking into account the occurrence of the Closing). “Estimated Transaction Expenses” means the estimated aggregate amount of Transaction Expenses calculated as of the Effective Time (without taking into account the occurrence of the Closing). “Executory Period” has the meaning specified in Section 6.1. “FedNat Commitment” means $10,000,000 to be invested by FNHC at the time of the Closing. “FedNat Indemnified Parties” has the meaning specified in Section 10.2(b). “Fidelity Bond” means any bond or similar surety obligation relating to the business conducted by, or any Permit held by, any Issuer Party, including any performance bond, payment bond, guarantee bond, fidelity bond, surety bond or other similar bond. “Fiduciary Accounts Payable” means accounts payable for premium payables, surplus lines premium tax payables and stamping fees for any Insurance Policy bound prior to the Closing Date for which an Issuer Party has an obligation to pay such accounts payable from Fiduciary Accounts Receivable or fiduciary bank accounts to a carrier or a Governmental Authority. “Fiduciary Accounts Receivable” means that portion of the fiduciary accounts receivable for an Insurance Policy bound prior to the Closing Date for which an Issuer Party has an obligation to pay such accounts receivable amount received to a carrier or a producer. “Financial Statements” has the meaning specified in Section 4.6(a). “FNHC” has the meaning specified in the Preamble. “FNIC” has the meaning specified in the Preamble. “FOIR” has the meaning specified in the Recitals. “Fraud” means a misrepresentation or omission (i) made either with knowledge or belief as to its falsity, (ii) with an intent to induce the other Person to act or refrain from acting, (iii) in which such other Person acted or refrained from acting in reliance on such representation and (iv) such reliance resulted in Damages to such other Person; provided, however, that for the avoidance of doubt, constructive fraud, fraud by negligent or innocent misrepresentation and fraud by reckless conduct shall not be deemed to constitute Fraud. “Fundamental Representations” has the meaning specified in Section 10.1. “GAAP” means generally accepted accounting principles in the United States, consistently applied. “Governmental Authority” means any federal, state, provincial, municipal, local or foreign government, governmental authority, regulatory or administrative agency, ...
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Estimated Surplus means the estimated Surplus as of the Effective Time (without taking into account the occurrence of the Closing).
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Estimated Surplus is defined in Section 2.4(b).
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Related to Estimated Surplus

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

  • Working Capital Surplus means the amount by which the Working Capital is greater than the Target Working Capital Amount.

  • Adjusted Operating Surplus means, with respect to any period, (a) Operating Surplus generated with respect to such period less (b) (i) the amount of any net increase in Working Capital Borrowings (or the Partnership’s proportionate share of any net increase in Working Capital Borrowings in the case of Subsidiaries that are not wholly owned) with respect to such period and (ii) the amount of any net decrease in cash reserves (or the Partnership’s proportionate share of any net decrease in cash reserves in the case of Subsidiaries that are not wholly owned) for Operating Expenditures with respect to such period not relating to an Operating Expenditure made with respect to such period, and plus (c) (i) the amount of any net decrease in Working Capital Borrowings (or the Partnership’s proportionate share of any net decrease in Working Capital Borrowings in the case of Subsidiaries that are not wholly owned) with respect to such period, (ii) the amount of any net decrease made in subsequent periods in cash reserves for Operating Expenditures initially established with respect to such period to the extent such decrease results in a reduction in Adjusted Operating Surplus in subsequent periods pursuant to clause (b)(ii) above and (iii) the amount of any net increase in cash reserves (or the Partnership’s proportionate share of any net increase in cash reserves in the case of Subsidiaries that are not wholly owned) for Operating Expenditures with respect to such period required by any debt instrument for the repayment of principal, interest or premium. Adjusted Operating Surplus does not include that portion of Operating Surplus included in clause (a)(i) of the definition of “Operating Surplus.”

  • Operating Surplus means, with respect to any period ending prior to the Liquidation Date, on a cumulative basis and without duplication,

  • Statutory Surplus means, with respect to any Insurance Subsidiary at any time, the statutory capital and surplus of such Insurance Subsidiary at such time, as determined in accordance with SAP ("Liabilities, Surplus and Other Funds" statement, page 3, line 25 of the Annual Statement for the 1995 Fiscal Year entitled "Surplus as Regards Policyholders").

  • Estimated Cash has the meaning set forth in Section 2.4(a).

  • Capital and Surplus means, as to any Insurance Subsidiary, as of any date, the total amount shown on line 38, page 3, column 1 (or such other line on which the equivalent information is provided on any other such Annual Statement) of the Annual Statement of such Insurance Subsidiary as of such date, or an amount determined in a consistent manner for any date other than one as of which an Annual Statement is prepared.

  • Common Surplus means the excess of all receipts of the Association collected on behalf of the Association, including, but not limited to, Assessments, rents, profits and revenues on account of the Common Elements, over the amount of Common Expenses.

  • 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.

  • Estimated revenue means the amount of revenue estimated to be received from all sources during the budget year in each fund for which a budget is being prepared.

  • Allocated Loss Adjustment Expenses or “ALAE” means all court costs and court expenses; pre- and post-judgement interest; fees for service of process; attorneys’ fees; cost of undercover operative and detective services, costs of employing experts; costs for legal transcripts; costs for copies of any public records; costs of depositions and court-reported or recorded statements; costs and expenses of subrogation; and any similar fee, cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a loss or a claim or suit against you, or to the protection and perfection of your or our subrogation rights.

  • Estimated Project Cost means Benchmark cost of MNRE which is Rs 8.00 Crore/MWp as per MNRE letter no. 03/20/2014-15/GCRT/11.12.14 at the time of Bid Due date.

  • Estimated Closing Cash has the meaning set forth in Section 2.4(a).

  • Estimated Value means the value of the Contract estimated under these Contract and Procurement Regulations.

  • Surplus Amount means [***].

  • Total Fund Operating Expenses with respect to a Fund is defined to include all expenses necessary or appropriate for the operation of the Fund including the Adviser’s investment advisory or management fee under the Advisory Agreement and other expenses described in the Advisory Agreement that the Fund is responsible for and have not been assumed by the Adviser, but excludes front-end or contingent deferred loads, taxes, leverage expenses, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, unusual or infrequently occurring expenses (such as litigation), acquired fund fees and expenses, and dividend expenses, if any.

  • Reserve Account Surplus means, as of any Transfer Date following the Reserve Account Funding Date, the amount, if any, by which the amount on deposit in the Reserve Account exceeds the Required Reserve Account Amount.

  • Net Cash means the cash proceeds (net of cash taxes paid and reasonable and customary costs paid to unrelated and unaffiliated third parties in connection with a particular transaction) arising from any Excess Cash Event.

  • Estimated Working Capital Adjustment shall have the meaning set forth in Section 2.2(b).

  • Working Capital Deficit means the amount, if any, by which the Closing Working Capital is less than the Target Working Capital.

  • Estimated Net Working Capital shall have the meaning set forth in Section 2.3(a).

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Net Available Cash from an Asset Disposition means cash payments received (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and net proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring person of Indebtedness or other obligations relating to the properties or assets that are the subject of such Asset Disposition or received in any other non-cash form) therefrom, in each case net of:

  • Allocated Realized Loss Amount With respect to any Distribution Date and any Class of Mezzanine Certificates, the sum of (i) any Realized Losses allocated to such Class of Certificates on such Distribution Date and (ii) the amount of any Allocated Realized Loss Amount for such Class of Certificates remaining unpaid from the previous Distribution Date.

  • Intrinsic Loss Estimate means total losses under the shared loss agreements in the amount of eighty one million dollars ($81,000,000).

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).