LMI Settlement Amount definition

LMI Settlement Amount means Seven Million, Four Hundred and Thirty Thousand, Seven Hundred and Ninety-seven Dollars and Sixty-six Cents ($7,430,797.66), which is the solvent LMI’s share of the gross settlement amount of Eight Million Dollars ($8,000,000).
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Examples of LMI Settlement Amount in a sentence

  • Each London Market Insurer shall pay its several, respective, allocated share of the LMI Settlement Amount pursuant to the terms of Section 2.

  • Accordingly, Interstate agrees to pay only the Interstate Settlement Amount and each identified London Market Insurer listed in Attachment B agrees to pay only its individual, respective, allocated share of the LMI Settlement Amount, which amount is set forth in Attachment D, as applicable.

  • The term “Settlement Amount” means, collectively, the Interstate Settlement Amount and the LMI Settlement Amount.

  • The London Market Insurers will pay the LMI Settlement Amount in two separate payments, the LMI Buy-Back Payment and the LMI Plan Payment.

  • Each London Market Insurer’s respective, several, allocated share of the LMI Settlement Amount is set forth on Attachment D.

  • It is the understanding of the Parties that the London Market Insurers are paying the LMI Settlement Amount, and Interstate is paying the Interstate Settlement Amount, in respect of the DoW Entities’ contentions regarding the London Market Insurers’ and Interstate’s insurance coverage obligations with respect to the Claims under Minnesota law and that, as a result, no Non- Settling Insurer should have, or claim to have, any Contribution Claim against either LMI or Interstate.

  • The term “LMI Plan Payment” means the payment by the London Market Insurers to the Trust of a net sum equal to fifty percent (50%) of their respective, several allocated shares of the LMI Settlement Amount, as set forth on Attachment D, for the entry of the Channeling Injunction and the Supplemental Settling Insurer Injunction.

  • No DoW Entity shall seek to recover from Interstate any amount in excess of the Interstate Settlement Amount, or from any individual London Market Insurer an amount in excess of its stated, respective, allocated share of the LMI Settlement Amount, as set forth in Attachment D.

  • The term “LMI Buy-Back Payment” means the payment by the London Market Insurers to the Trust of a net sum equal to fifty percent (50%) of their respective, several, allocated shares of the LMI Settlement Amount, as set forth on Attachment D, for the buy-back of all of the LMI Insurance Policies.

  • Nothing in the foregoing shall release Interstate or the London Market Insurers from their obligations under this Agreement including the obligation to pay the Interstate Settlement Amount and the LMI Settlement Amount.

Related to LMI Settlement Amount

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Maximum Settlement Amount means $500,000,000 as amended or modified in accordance with Appendix E.

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of:

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Net Share Settlement Amount For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.

  • Settlement Amount means, with respect to a party and any Early Termination Date, the sum of: --

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Cash Settlement Averaging Period means, with respect to a Security that is tendered for conversion in accordance with this Article X, the twenty (20) consecutive Trading-Day period that begins on, and includes, the third (3rd) Trading Day after the Conversion Date for such Security; provided, however, that if such Conversion Date is on or after the twenty third (23rd) scheduled Trading Day prior to the Maturity Date, then the Cash Settlement Averaging Period with respect to such conversion shall be the twenty (20) consecutive Trading-Day period that begins on and includes the twentieth (20th) scheduled Trading Day prior to the Maturity Date.

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Operating Agreement, section 3.3. PJM Tariff, Xxxxxx, O.A.T.T., OATT or PJM Open Access Transmission Tariff: “PJM Tariff,” “Tariff,” “O.A.T.T.,” “OATT,” or “PJM Open Access Transmission Tariff” shall mean that certain PJM Open Access Transmission Tariff, including any schedules, appendices or exhibits attached thereto, on file with FERC and as amended from time to time thereafter. Plan:

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Daily Settlement Price means the settlement price for a Swap calculated each Business Day by or on behalf of BSEF. The Daily Settlement Price can be expressed in currency, spread, yield or any other appropriate measure commonly used in swap markets.

  • Individual Settlement Payment means the amount payable from the Net

  • Disruption Cash Settlement Price means in respect of each Security, an amount in the Settlement Currency equal to the fair market value of the Share Amount (taking into account, where the Settlement Disruption Event affected some but not all of the Shares comprising the Share Amount and such non-affected Shares have been duly delivered as provided above, the value of such Shares), less the cost to the Issuer of unwinding any underlying related hedging arrangements, all as determined by the Issuer.

  • Final Settlement Date has the meaning set forth in Section 3.1(e).

  • Net Share Settlement On each Settlement Date, Issuer shall deliver to Dealer a number of Shares equal to the Number of Shares to be Delivered for such Settlement Date to the account specified by Dealer and pay cash to Dealer in lieu of any fractional shares valued at the Relevant Price on the Valuation Date corresponding to such Settlement Date. Number of Shares to be Delivered: In respect of any Exercise Date, subject to the last sentence of Section 9.5 of the Equity Definitions, the product of (i) the number of Warrants exercised or deemed exercised on such Exercise Date, (ii) the Warrant Entitlement and (iii)(A) the excess, if any, of the VWAP Price on the Valuation Date occurring on such Exercise Date over the Strike Price, divided by (B) such VWAP Price. The Number of Shares to be Delivered shall be delivered by Issuer to Dealer no later than 4:00 P.M. (local time in New York City) on the relevant Settlement Date.

  • Monthly Settlement Date means the 25th day of each calendar month (or if such day is not a Business Day, the next occurring Business Day).

  • Share Settlement means a number of shares of Class A Common Stock (together with any Corresponding Rights) equal to the number of Redeemed Units.

  • Day-ahead Settlement Interval means the interval used by settlements, which shall be every one clock hour. Day-ahead System Energy Price:

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

  • Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by the State. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.04(c).