Loss Adjustments definition

Loss Adjustments means, subject to the provisions of Article 4 of the Plan of Arrangement, the amount of any and all Losses that (i) arise out of, are attributable to or otherwise relate to (a) any breach of or inaccuracy in any of the Loss Adjustments Representations and Warranties, (b) any Claims against any of the CTF Entities relating to the period prior to the Effective Date, including any labour Claims relating to the period prior to the Effective Date (regardless of whether the Claims have been disclosed in the CTF Disclosure Schedule and regardless of whether the amount of such Claims has been provisioned in the CTF Financial Statements), (c) any Tax Liabilities that materialize and become payable in connection with independent contractors as disclosed in Section 1 of Schedule 2(q) of the CTF Disclosure Letter that relate to the time prior to the Effective Date, and (d) any Tax Liabilities and Transaction Costs that for any reason are not deducted in calculating the Closing Net Debt, including any that are not known or do not arise until the Closing Net Debt has been finally determined pursuant to this Agreement, and (ii) are deductible from the Loss Adjustments Holdback pursuant to Article 4 of the Plan of Arrangement;
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Loss Adjustments has the meaning ascribed to that term in the Arrangement Agreement;
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Loss Adjustments means, subject to the provisions of Article 4 of the Plan of Arrangement, the amount of any and all Losses that (i) arise out of, are attributable to or otherwise relate to (a) any breach of or inaccuracy in any of the Loss
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Examples of Loss Adjustments in a sentence

  • The Company shall pay to the Reinsurer, as promptly as possible, all amounts due the Reinsurer it receives from the Insured under the Policy (including without limitation, any premium, optional policy cancellation fee and amounts paid under Section VII thereof (Loss Adjustments; Application of Current Period Deal Modification Loss Amount)); provided, however, in no event later than five (5) business days after the Company receives any such amount under the Policy.

  • The Company shall pay to the Reinsurer, as promptly as possible, all amounts due the Reinsurer it receives from the Insured under the Policy (including without limitation, any premium, optional policy cancellation fee and amounts paid under Section VII thereof (Loss Adjustments)); provided, however, in no event later than five (5) business days after the Company receives any such amount under the Policy.

  • The Company shall pay to the Reinsurer, as promptly as possible, all amounts due the Reinsurer it receives from the Insured under the Policy (including without limitation, any premium and amounts paid under Section VII thereof (Loss Adjustments)); provided, however, in no event later than five (5) business days after the Company receives any such amount under the Policy.

  • Attachment A — Technical Performance Specifications Attachment B — Hypothetical MRC Partial Loss Adjustments Attachment C — *** Attachment D — *** Attachment E — *** Customer may use the Channels for the transmission of digital services, and for the transmission of analog services, but only to the extent that all services are consistent with SES Americom’s applicable licenses and coordination agreements.

  • All Capital Gain or Loss Adjustments and Reallocated Asset Value Adjustments required with respect to the period beginning on the date hereof and ending at the Closing will be determined in accordance with Section 5.11.

  • Any Loss ultimately arising out of the Direct Claim that is suffered or incurred by FleetCor, any of the CTF Entities, or any of their respective Representatives (other than costs and expenses of defence if the Direct Claim is lost) will be deducted from the Loss Adjustments Holdback as a Loss Adjustment.

  • As soon as practicable after the expiration of such thirty (30) day period, the Escrow Agent shall make the Loss Adjustments as contemplated by Section 9.4(b), unless the Company shall object in a written statement to the claim made in NaviSite Certificate specifying in reasonable detail the nature of such objection and the basis therefor, and such statement shall have been delivered to the Escrow Agent and to NaviSite prior to the expiration of such thirty (30) day period (the "WRITTEN ESCROW OBJECTION").

  • The following Loss Codes and Loss Adjustments Factors apply on and from 1 May 2008.

  • The Escrow Agent shall record such amounts on a register that is attached to and made a part of the Escrow Note (the "LOSS ADJUSTMENTS"), and the Loss Adjustments shall thereafter constitute a reduction in the principal due under the Escrow Note.

  • The Escrow Agent shall be entitled to rely on any such memorandum and shall make Loss Adjustments to the Escrow Note in accordance with the terms thereof.