Insurance Payment Amount definition

Insurance Payment Amount shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(a).
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Insurance Payment Amount means an amount, as determined by the Qualified Adjuster, equal to (a) the aggregate insurable loss to be payable under the Insurance Program as a result of an Insurance Payment Event (taking into account any deductible or self-retention amount and the coverage limits of the Company included within the Insurance Program and applicable to such Insurance Payment Event), less (b) the proceeds received by the Company (or, if not yet received, acknowledged to be due from the relevant insurer) under insurance coverage contemplated under the Insurance Program purchased directly by the Company (other than from a captive insurer of a Member or any of its Affiliates) associated with such Insurance Payment Event.
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Insurance Payment Amount means the aggregate insurable loss as determined by the Qualified Adjuster and the Members to be payable under the Insurance Program as a result of an Insurance Payment Event (taking into account any deductible or self-retention amount and coverage limits of the Company included within the Insurance Program and applicable to such Insurance Payment Event).
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Examples of Insurance Payment Amount in a sentence

  • Each Member’s obligation under Section 6.2 shall be the Member’s Percentage Interest of such Insurance Payment Amount less the proceeds received by the Company under insurance coverage obtained by such Member on behalf of the Company associated with such Insurance Payment Event.

  • If a loss shall occur that the Company believes constitutes an Insurance Payment Event, the Company shall notify the Members of such occurrence as soon as reasonably practicable and shall cause a Qualified Adjuster to determine whether such loss constitutes an Insurance Payment Event and the Qualified Adjuster and the Members shall determine the Insurance Payment Amount applicable thereto.

  • If within ten (10) days after the Payment Date less than eighty percent (80%) of the Insurance Settlement Payment has been paid, a super-majority of seventy-five percent (75%) of the Participating Blitz Personal Injury Claimants may, at their election, file a Notice of Non- Occurrence of Effective Date, which notice shall give the Participating Insurers and Wal-Mart twenty (20) days to cure any such deficiency by providing funds to achieve eighty (80%) of the Insurance Payment Amount.

  • To the extent that the Company Board elects not to have the Company procure directly any portion of the insurance coverage contemplated by the Insurance Program, each Member shall be responsible under Section 6.2(a) for its Percentage Interest of each Insurance Payment Amount associated with an Insurance Payment Event that occurs under such Insurance Program, regardless of a Member’s ability to recover any such Insurance Payment Amounts from any third party.

  • If a loss shall occur that the Company believes constitutes an Insurance Payment Event, the Company shall notify the Members of such occurrence as soon as reasonably practicable and shall cause a Qualified Adjuster to determine whether such loss constitutes an Insurance Payment Event and the Qualified Adjuster shall determine the Insurance Payment Amount applicable thereto.


More Definitions of Insurance Payment Amount

Insurance Payment Amount. For any Payment Date, the premium payable under the Insurance Agreement for that Payment Date plus any overdue premiums payable under the Insurance Agreement for previous Payment Dates.
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Insurance Payment Amount. For any Payment Date, the amount payable by the Issuer to the Insurer specified in Section 3.5(a)(ix).
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Insurance Payment Amount with respect to any Distribution Date, has the meaning set forth in Section 4.05(a)(xi).
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Insurance Payment Amount means, at any date, the amount that is due to be paid (but has not yet been paid) to the Borrower by the Insurance Providers on account of certain losses suffered by the Borrower in connection with the shut-down of the facility of the Borrower located in Gramercy, Louisiana, which amount constitutes unreimbursed insurance claims properly filed by the Borrower with the Insurance Providers prior to the Amendment No. 2 Effective Date with respect to which the Insurance Providers are obligated to reimburse the Borrower and as to which the Insurance Providers have not disputed coverage; PROVIDED that if the Insurance Payment Amount at any date exceeds $4,000,000, the Insurance Payment Amount at such date shall be deemed to be $4,000,000.
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Related to Insurance Payment Amount

  • Insurance Amount has the meaning set forth in Section 6.08(c).

  • Principal Payment Amount For any Distribution Date, the sum of (i) the scheduled principal payments (if any) on the Mortgage Loans due on the related Due Date, (ii) the principal portion of proceeds received with respect to any Mortgage Loan which was purchased or repurchased pursuant to a Purchase Obligation or as permitted by this Agreement during the Prior Period and (iii) any other unscheduled payments of principal which were received with respect to any Mortgage Loan during the Prior Period, other than Payoffs, Curtailments, Liquidation Principal and Subsequent Recoveries.

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Retention Amount means, in relation to any Retention Date, such sum as shall be the aggregate of:

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Payment Amount has the meaning specified in Section 6.1.

  • Termination Amount has the meaning set forth in Section 7.02(a).

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

  • Principal Relocation Payment A payment from any Loan Group to REMIC 1 Regular Interests other than those of their corresponding Loan Group as provided in the Preliminary Statement. Principal Relocation Payments shall be made of principal allocations comprising the Principal Amount from a Loan Group.

  • Senior Principal Payment Amount For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has not occurred with respect to such Distribution Date, will be the amount, if any, by which (x) the Class Principal Balance of the Senior Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 77% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date. Servicer: Calmco, or its successors in interest, as applicable.

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Trust Reimbursement Amount As defined in Section 3.06A(a) of this Agreement.

  • Termination Payment means the payment amount equal to the sum of (a) and (b), where (a) is the Settlement Amount and (b) is the sum of all amounts owed by the Defaulting Party to the Non-Defaulting Party under this Agreement, less any amounts owed by the Non-Defaulting Party to the Defaulting Party determined as of the Early Termination Date.

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Principal Remittance Amount for such Distribution Date over (ii) the Excess Subordinated Amount, if any, for such Distribution Date.

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Monthly Excess Interest Amount With respect to each Distribution Date, the amount, if any, by which the Interest Funds for such Distribution Date exceeds the aggregate amount distributed on such Distribution Date pursuant to Section 4.04(b) (other than the last clause thereof).

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions.

  • Amortization Amount means, with respect to any Principal Amount Repayment Date, the amount set forth opposite such Date on the Amortization Schedule.