Initial Settlement Amount definition

Initial Settlement Amount shall have the meaning set forth in Section 3.02.

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Initial Settlement Amount means [***], being the result of (a) minus (b) minus (c) plus (d), where:

Initial Settlement Amount means four million, three hundred thousand dollars ($4,300,000); of this amount, Seller already has paid one million dollars ($1,000,000) to ▇▇▇▇▇ Fargo, leaving a balance of three million three hundred thousand dollars ($3,300,000) to be paid pursuant to Section III.1.

Examples of Initial Settlement Amount in a sentence

The foregoing deposit shall be effected by the Ceding Company depositing into the ModCo Deposit, not later than the close of business on the Initial Settlement Date, assets set forth set forth in Paragraph B of Schedule III-B, the aggregate Statutory Carrying Value of which as of the Effective Date is equal to the relevant Allocation Percentage of the Initial Reserve Amount (if any) plus the Initial Settlement Amount, free and clear of all liens.
The "Initial Settlement Amount" is an amount equal to (i) a ceding allowance with respect to the AFLIAC Contracts equal to $(32,581,437.93), MINUS (ii) a ceding allowance with respect to the PL Contracts equal to $90,989,737.71, PLUS (iii) $(49,869,574.76).
At Closing, Sabacol paid the sum of (a) $57,733 to Interbanco and (b) $131,365.82 to ODC (i.e., $150,428 that Sabacol owes to ODC minus the Positive Initial Settlement Amount that ODC owes to Sabacol).
The Ex-L- Tube Settlement Agreement provides for an initial payment to Geneva by Ex-L-Tube of $2.0 million (the "Initial Settlement Amount").
If the initial adjustment to the Purchase Price results in a Negative Initial Settlement Amount, Sabacol shall deliver to ODC cash in an amount equal to the Negative Initial Settlement Amount.
The parties understand and agree that the delivery of the Acquisition Shares by or on behalf of M▇▇▇▇▇▇ L▇▇▇▇ upon the payment of the Initial Settlement Amount by the Purchaser is irrevocable and that as of the Initial Settlement Date the Purchaser shall be the sole beneficial owner of the Acquisition Shares for all purposes.
With respect to the Schedule 3.17 Debt included in the Initial Settlement Amount, Sabacol owes (i) $150,428 to ODC and (ii) $57,733 to Interbanco.
For each calendar quarter in which there is any increase in the Initial Settlement Amount or a subsequent Revised Settlement Amount, CMI shall, by the 15th day of the next calendar quarter, re-calculate and send to FPMC, a repayment schedule in the format provided for Paragraph 2(a)(iv) above to fully amortizing the new Revised Settlement Amount (without interest) by December 31, 2008 ("Maturity Date"), according to the same quarterly-increasing payment formula provided for in Paragraph 2(a)(iv) above.
I understand that 3M’s Initial Settlement Amount shall be held in trust for purposes of making payments to the participants in the Settlement Program.
Initial Settlement Amount: The product of the Number of Shares and the Initial Share Price.

More Definitions of Initial Settlement Amount

Initial Settlement Amount means the sum of £100;

Initial Settlement Amount shall have the meaning set forth in Section 3.3(a).

Initial Settlement Amount is an amount equal to (i) a ceding allowance with respect to the AFLIAC Contracts equal to $(32,581,437.93), MINUS (ii) a ceding allowance with respect to the PL Contracts equal to $90,989,737.71, PLUS (iii) $(49,869,574.76). If the Initial Settlement Amount is a positive number it shall be payable by the Reinsurer, and if it is a negative number, it shall be payable by the Ceding Company.

Initial Settlement Amount means four million, three hundred thousand dollars ($4,300,000); of this amount, Seller already has paid one million dollars ($1,000,000) to Wells Fargo, leaving a balance of three million three hundred thousand dollars ($3,300,000) to be paid pursuant to Section III.1.