Insurer Payment definition

Insurer Payment means the aggregate sum of one-hundred fifty million dollars ($150,000,000) that the Insurers have agreed to contribute to the Settlement Fund.
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Insurer Payment means the $12,000,000 payment as provided in Paragraph K of the Agreed Order (Docket No. 2761) and as provided in Paragraph 5.b. of this Settlement Agreement.
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Insurer Payment means any and all amounts paid by the Insurer to Verticalnet as a result of the Insurance Action, whether by settlement, compromise, judgment, execution, or otherwise.
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Examples of Insurer Payment in a sentence

  • So long as no Securities Insurer Payment Default has occurred and is continuing nor has the Securities Insurer been removed pursuant to Section 8A.5, the Indenture Trustee shall not have, and hereby waives, any and all rights of set-off against the Trust Accounts or any investments thereof.

  • The Seller and the Purchaser hereby acknowledge, consent and agree that each of the Issuer, the Securities Insurer (but only with respect to the KBUSA Group II Student Loans and provided that no Securities Insurer Payment Default has occurred and is continuing), the Swap Counterparty and the Indenture Trustee are intended third party beneficiaries of this Agreement.

  • The Indenture Trustee (on behalf of the Noteholders) and the Securities Insurer (provided that no Securities Insurer Payment Default has occurred and is continuing) shall each be a third-party beneficiary of this Agreement, entitled to enforce the provisions hereof as if a party hereto.

  • Amount Medicare Approved on Claim - (Primary Insurer Payment + Medicare Payment) = Total Beneficiary Responsibility For the first approved service line, carriers show the lesser of 20 percent (50 percent if the outpatient psychiatric limit applies) of the Medicare approved amount or the beneficiary's total responsibility for all approved services on the claim.

  • Amount Medicare Approved on Claim - (Primary Insurer Payment + Medicare Payment) = Total Beneficiary Responsibility For the first approved service line, carriers show the lesser of 20 percent (50 percent if the outpatient psychiatric limit applies) of the Medicare approved amount or the beneficiary’s total responsibility for all approved services on the claim.

  • Subject to paragraph 93 below, within 30 days from the BC Health Insurer Payment Date, the Claims Administrator will provide all BC Approved Claimants with a Compensation Letter, and enclose a cheque containing that amount less the Partial Payment made pursuant to paragraph 66 above.

  • Unless the Ceding Insurer makes such payment within 5 Business Days of the receipt of this Ceding Insurer Payment Event of Default Notice, the Reinsurer will be entitled to terminate the Reinsurance Agreement.

  • The Claims Administrator or Class Counsel will transmit the Net Health Insurer Payments from the Settlement to the Health Insurers within 30 days of receiving Class Counsel’s instructions set out in paragraph 81 above (“ Health Insurer Payment Date”).

  • She asked that this revision should not be done too often, and certainly not every year or two.

  • Payments to be made to the Note Insurer under this Insurance and Indemnity Agreement shall bear interest at the Insurer Payment Rate from the date when due to the date paid.

Related to Insurer Payment

  • Certificate Insurer Default The existence and continuance of any of the following:

  • Loss Payment Date has the meaning specified in Section 7.05(a) of the Indenture.

  • Premium payment plan means a benefit plan whereby state and

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Payment Cap For each Mortgage Loan, the percentage limit set forth in the related Mortgage Note concerning the maximum permitted increase in a monthly payment.

  • Guarantor Payment Date means (a) prior to the delivery of a Guarantor Default Notice, the date falling on the 18th day of each month or, if such day is not a Business Day, the immediately following Business Day; and (b) following the delivery of a Guarantor Default Notice, any day on which any payment is required to be made by the Representative of the Covered Bondholders in accordance with the Post-Enforcement Priority of Payments, the relevant Final Terms and the Intercreditor Agreement;

  • Required Surety Payment With respect to any Additional Collateral Loan that becomes a Liquidated Mortgage Loan, the lesser of (i) the principal portion of the Realized Loss with respect to such Mortgage Loan and (ii) the excess, if any, of (a) the amount of Additional Collateral required at origination with respect to such Mortgage Loan over (b) the net proceeds realized by the Subservicer from the related Additional Collateral.

  • 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.

  • 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.

  • Insurer Default means the occurrence and continuance of any of the following events:

  • 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.

  • Extended Due for Payment Date means, in relation to any Series of Covered Bonds, the date, if any, specified as such in the applicable Final Terms to which the payment of all or (as applicable) part of the Final Redemption Amount payable on the Final Maturity Date will be deferred in the event that the Final Redemption Amount is not paid in full on the Extension Determination Date.

  • Note Insurer Default The existence and continuance of any of the following:

  • Interim Payment Certificate means a payment certificate issued under Clause 14 [Contract Price and Payment], other than the Final Payment Certificate.

  • Indemnity Payment shall have the meaning set forth in Section 4.4(a).

  • Delta Payment means as it is described in this Agreement.

  • Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).

  • Premium Due Date means date specified in the Schedule on which the Instalment Premium will become due.

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Special Hazard Amount As of any Distribution Date, an amount equal to $2,721,144 minus the sum of (i) the aggregate amount of Special Hazard Losses allocated solely to one or more specific Classes of Certificates in accordance with Section 4.05 of this Series Supplement and (ii) the Adjustment Amount (as defined below) as most recently calculated. For each anniversary of the Cut-off Date, the Adjustment Amount shall be equal to the amount, if any, by which the amount calculated in accordance with the preceding sentence (without giving effect to the deduction of the Adjustment Amount for such anniversary) exceeds the greater of (A) the greatest of (i) twice the outstanding principal balance of the Mortgage Loan in the Trust Fund which has the largest outstanding principal balance on the Distribution Date immediately preceding such anniversary, (ii) the product of 1.00% multiplied by the outstanding principal balance of all Mortgage Loans on the Distribution Date immediately preceding such anniversary and (iii) the aggregate outstanding principal balance (as of the immediately preceding Distribution Date) of the Mortgage Loans in any single five-digit California zip code area with the largest amount of Mortgage Loans by aggregate principal balance as of such anniversary and (B) the greater of (i) the product of 0.50% multiplied by the outstanding principal balance of all Mortgage Loans on the Distribution Date immediately preceding such anniversary multiplied by a fraction, the numerator of which is equal to the aggregate outstanding principal balance (as of the immediately preceding Distribution Date) of all of the Mortgage Loans secured by Mortgaged Properties located in the State of California divided by the aggregate outstanding principal balance (as of the immediately preceding Distribution Date) of all of the Mortgage Loans, expressed as a percentage, and the denominator of which is equal to 38.56% (which percentage is equal to the percentage of Mortgage Loans initially secured by Mortgaged Properties located in the State of California) and (ii) the aggregate outstanding principal balance (as of the immediately preceding Distribution Date) of the largest Mortgage Loan secured by a Mortgaged Property located in the State of California. The Special Hazard Amount may be further reduced by the Master Servicer (including accelerating the manner in which coverage is reduced) provided that prior to any such reduction, the Master Servicer shall (i) obtain written confirmation from each Rating Agency that such reduction shall not reduce the rating assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency and (ii) provide a copy of such written confirmation to the Trustee.

  • Due for Payment means with respect to an Insured Amount, the Distribution Date on which Insured Amounts are due and payable pursuant to the terms of the Agreement.

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • WREGIS Certificate Deficit means any deficit or shortfall in WREGIS Certificates delivered to Buyer for a calendar month as compared to the Delivered Energy for the same calendar month (“Deficient Month”). If any WREGIS Certificate Deficit is caused, or the result of any action or inaction, by Seller, then the amount of Delivered Energy in the Deficient Month shall be reduced by the amount of the WREGIS Certificate Deficit for the purposes of calculating Buyer’s payment(s) to Seller under Article 6 and the Guaranteed Energy Production for the applicable Performance Measurement Period. Any amount owed by Seller to Buyer because of a WREGIS Certificate Deficit shall be made as an adjustment to Seller’s next monthly invoice to Buyer in accordance with Article 6, and Buyer shall net such amount against Buyer’s subsequent payment(s) to Seller pursuant to Article 6.

  • Early Payment Date (k means the "Early Payment Date (k)" as specified in § 1 of the Product and Underlying Data.

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

  • Certificate Insurance Policy The Certificate Guaranty Insurance Policy No. AB1094BE, dated the Closing Date, including any endorsements thereto issued by the Certificate Insurer to the Trustee for the benefit of the Holders of the Insured Certificates, a form of which is attached as Exhibit L hereto.