Final Settlement Amount definition
Final Settlement Amount has the meaning set forth in Section 3.1(b).
Final Settlement Amount has the meaning set forth in Section 4.
Final Settlement Amount means the amount payable (if any) on the expiry of a Futures Contract (to the extent it is cash settled), or on exercise of a cash settled Option;
Examples of Final Settlement Amount in a sentence
At the end of the arbitration hearing, each party shall submit to the arbitrator its final Settlement Amount ("Final Settlement Amount"), and the arbitrator shall be required to select either one or the other Final Settlement Amounts as the arbitration award without discretion to select any other amount as the award.
If a Dispute Notice is timely delivered by the Reinsurer, the amounts determined pursuant to the resolution of such dispute in accordance with this Section 3.1(d), shall be the Final Settlement Amount and Reconciliation Amount.
If no Dispute Notice is timely delivered by the Reinsurer, the Ceding Company’s calculations of the Final Settlement Amount and the Reconciliation Amount shall be determinative.
The Ceding Company and the Reinsurer shall cooperate in good faith to resolve such dispute as promptly as practicable and, upon such resolution, make any adjustments to the calculation of any amount(s) contained in the Ceding Company’s calculations of the Final Settlement Amount and the Reconciliation Amount with the agreement of the Ceding Company and the Reinsurer.
The Parties shall in good faith seek to resolve such disputed amount of the Final Settlement Amount without delay.
More Definitions of Final Settlement Amount
Final Settlement Amount. – means the amount determined by the Calculation Agent in accordance with Subsection A-409(10).
Final Settlement Amount means the sum of the Net Settlement Fund and all Court- approved Costs and Fees, excluding Claims Administrator’s costs and fees, the Reserve Fund, and Employer-Side Taxes.
Final Settlement Amount means the amount determined by the Calculating Party to be equal to, as of the Termination Date, (A) the sum of all Transaction Values which are positive for it and the Amounts Due owed to it less (B) the sum of the absolute amounts of all Transaction Values which are negative for it and the Amounts Due owed by it. When determining the Final Settlement Amount, the Calculating Party shall act in good faith and by using commercially reasonable procedures expected to produce a commercially reasonable result; "Transaction Value" means, with respect to any CM Transaction or group of CM Transactions, an amount equal to (i) the loss in- curred (expressed as a positive number) or gain realized (expressed as a negative number) by the Calculating Party as a result of the termination of such CM Transaction(s), determined with due regard to (ii) the arithmetic mean of the quotations for replacement or hedge transactions on the Quotation Date obtained by the Calculating Party from not less than two leading market participants, including other Clearing Members. In the case of (ii), each such quotation shall be expressed as the amount which the market participant would pay or receive on the Quotation Date if such market participant were to assume, as from the Quotation Date, the rights and obligations of the other party (or their economic equivalent) under the relevant CM Transaction(s); the resulting amount shall be expressed as a positive number if it would be payable to the market participant, and shall otherwise be expressed as a negative number;
Final Settlement Amount means the amount determined by the Calculation Agent to be equal to, as of the Early Termination Date, (i) the sum of all Transaction Values which are positive for CDCC and the Amounts Due owed to CDCC less (ii) the absolute value of the sum of the amounts of all Transaction Values which are negative for CDCC and the Amounts Due owed by CDCC. When determining the Final Settlement Amount, the Calculation Agent shall act in good faith and by using commercially reasonable procedures expected to produce a commercially reasonable result. The Calculation Agent will calculate a Final Settlement Amount for all Transactions entered into in respect of Client Accounts, a Final Settlement Amount for all Transactions entered into in respect of Market Maker Accounts and a Final Settlement Amount for all Transactions entered into in respect of Firm Accounts. The Final Settlement Amount in respect of Client Accounts and that in respect of Firm Accounts will not be netted or set-off.
Final Settlement Amount means, subject to subsection 2(b)(i), the amount determined by the Calculation Party to be equal to, as of the Early Termination Date,
Final Settlement Amount means, subject to subsection 2(b)(i), the amount determined by the Calculation Party to be equal to, as of the Early Termination Date, (A) the sum of all Transaction Values which are positive for it, the Amounts Due owed to it and its Margin Claims less (B) the sum of the absolute amounts of all Transaction Values which are negative for it, the Amounts Due owed by it and the Margin Claims of the other party;
Final Settlement Amount means the amount to be equal to, as of the Early Termination Date (or, if that would not be commercially reasonable, as of the date or dates following the Early Termination Date as would be commercially reasonable), the (1) sum of (A) the Transaction Value or Transaction Values (whether positive or negative) related to the Outstanding (or the respective Affected) Transactions and (B) the Amounts Due owed to the Bank by the Client, less (2) the Amounts Due owed by the Bank to the Client in each case under the Outstanding (or the respective Affected) Transactions. Any Amounts Due and Transaction Values not denominated in the Base Currency shall be converted into the Base Currency at the Applicable Exchange Rate. Amounts Due in respect of a Transaction or group of Transactions being terminated are to be excluded in all determinations of Transaction Value. Illegality means an event or circumstance occurring after a Transaction is entered into and as a result of which it becomes unlawful under any applicable law, on any day, or it would be unlawful if the relevant payment or compliance were required on that day (in each case, other than as a result of a breach by the Client of section 2.7(2) of the Master Agreement) for the Bank to perform any absolute or contingent obligation to make a payment in respect of such Transaction, to receive a payment in respect of such Transaction or to comply with any other provision of the Master Agreement. Impossibility means any natural or man-made disaster, armed conflict, act of terrorism, riot or any other event or circumstance beyond the Party's reasonable control, affecting the operations of that Party and occurring after the date on which a Transaction is entered into, as a result of which it becomes, or is likely to become, impossible for that Party to make, or receive, a payment in respect of such Transaction when due or to punctually comply with any other material obligation under the Agreement relating to such Transaction. Insolvency Event means any of the following events: (i) pursuant to Act XLIX of 1991 on Bankruptcy Proceedings and Liquidation Proceedings (the Bankruptcy Act) any person applies for bankruptcy proceedings with respect to, or initiates liquidation proceedings against, the Client; (ii) the shareholders' meeting (or its equivalent) of the Client has passed a resolution concerning an application for bankruptcy proceedings with respect to, or the initiation of liquidation proceedings against, the Client...