Settlement Reserves definition

Settlement Reserves means the aggregate amount of Tort Settlement Amounts plus the face amount of any filed proof of claim asserting a Tort Claim against the Debtors, the sum of which shall be reserved from the Self-Insured Trust until such time the Tort Claims are settled and paid or otherwise reduced to judgment and paid.
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Settlement Reserves means the reserves for the Reinsured Claims calculated in accordance with the actual means, methodologies, principles, practices, procedures and policies used by the Company in calculating reserve and claim liabilities for the Reinsured Claims and the Related Policies for purposes of the Company’s year- end 1998 statutory financial statements as disclosed by the Company to the Reinsurer prior to the date of this Agreement (including, but not limited to, the fact that the Company has calculated reserves for the Reinsured Claims using the 1964 CDT table at 3% for disabilities incurred prior to 1993 and the 1987 CGDT table at 5% for disabilities incurred after 1992).
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Examples of Settlement Reserves in a sentence

  • The Short Title of this Act is " The West Coast Settlement Reserves Act, 1892." 2.

  • A BILL INTITULED AN AcT to repeal the West Coast Settlement Reserves Acts, and to alter the Law relating to the Administration thereof.

  • Upon payment of the amounts set forth in this Stipulation, the Debtors and/or Reorganized Debtors shall be authorized in their sole discretion to use the funds held in the Self-Insured Trust, which the Debtors maintain was terminated, in an amount equal to 100% of those funds exceeding the Tort Settlement Amounts and Settlement Reserves.

  • CLause 24 provides that this Part is to apply to sales of freehold farmland and to sales of the lessees' interests under leases granted under the West ' Coast Settlement Reserves Aet, 1892, as well as to options for such sales.

  • The West Coast Settlement Reserves Act, 1892 ; (iii.) The Native Townships Act, 1895 ; (iv.) The Urewera District Native Reserve Act, 1896; (v.) The Kapiti Island Public Reserve Act, 1897 ; 50 (vi.) The East Coast Native Trust Lands Act, 1902.

  • In fixing the rent the improvements on the land - West Coasl Settlement Reserves.

  • AN AcT to amend the West Coast Settlement Reserves Acts, and Title.

  • Certain lands deemed to be reserves under West Coast Settlement Reserves Act, 1892.

  • That, including the said lands, I am not the owner, tenant, or oceupier, directly or indirectly, either by myself or jointly with any other person or persons, of any lands being portions of reserves within the meaning of " The West Coast Settlement Reserves Act, 1892," exceeding in the whole six hundred and forty acres.

  • Special Funds are Statewide funds that are not unique to any one agency: swf301 Catastrophic Event Fundswf302 Major Information Technology Development Project Fund swf305 Cigarette Restitution Fundswf306 Special Revenue Fund-Tobacco Settlement Reserves swf307 Dedicated Purpose Fundswf308 IWIF-Safety Incentive Grant Program Fund swf309 Chesapeake Bay Restoration Fund Federal FundsThe six digit Catalog of Federal Domestic Assistance (CFDA) number.

Related to Settlement Reserves

  • Replacement Reserve As defined in Section 9.5.1.

  • Cash Management Reserves means such reserves as the Agent, from time to time, determines in its Permitted Discretion as being appropriate to reflect the reasonably anticipated liabilities and obligations of the Loan Parties with respect to Cash Management Services then provided or outstanding.

  • Cash Reserve means for any Financed Receivable which has been paid in full during a Monthly Period, the amount by which the amount(s) paid on such Financed Receivable exceeds the Advance made on such Financed Receivable.

  • Rent Reserve means, with respect to any leased store, warehouse distribution center, regional distribution center or depot where any Inventory subject to Liens arising by operation of law is located, a reserve equal to two months’ rent at such store, warehouse distribution center, regional distribution center or depot.

  • Replacement Reserve Fund shall have the meaning set forth in Section 7.3.1 hereof.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Interest Reserve means, for any Calculation Period, the product (expressed as a percentage) of (i) 1.5 times (ii) the Alternate Base Rate as of the immediately preceding Cut-Off Date times (iii) a fraction the numerator of which is the highest Days Sales Outstanding for the most recent 12 Calculation Periods and the denominator of which is 360.

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • PDP Reserves means the Proven Reserves which are categorized as both “developed” and “producing” under the definitions for oil and gas reserves promulgated by the Society of Petroleum Evaluation Engineers (or any generally recognized successor) as in effect at the time in question and reasonably acceptable to the Administrative Agent.

  • Disputed Claims Reserve means a reserve of Cash that may be funded on or after the Effective Date pursuant to Article VII.E hereof.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Interest Reserve Amount has the meaning set forth in Section 5.1(d).

  • Capital Reserves means, for any period and with respect to a Property, an amount equal to (a) $0.05 per square foot times (b) a fraction, the numerator of which is the number of days in such period and the denominator of which is 365. If the term Capital Reserves is used without reference to any specific Property, then the amount shall be determined on an aggregate basis with respect to all Properties of the Trust and its Subsidiaries and a proportionate share of all Properties of all Unconsolidated Affiliates.

  • Bank Product Reserves means all reserves which the Agent from time to time establishes in its reasonable discretion for the Bank Products then provided or outstanding.

  • Settlement Fund means the Settlement Amount plus any and all interest earned thereon.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Bank Product Reserve means the aggregate amount of reserves established by the Administrative Agent from time to time in its discretion in respect of Secured Bank Product Obligations, which shall in any event include the maximum amount of all Noticed Xxxxxx.

  • Operating Reserve means generation capacity or load reduction capacity which can be called upon on short notice by either Party to replace scheduled energy supply which is unavailable as a result of an unexpected outage or to augment scheduled energy as a result of unexpected demand or other contingencies.

  • Settlement Funds means the amount of funds in the Qualified Settlement Fund.

  • Replacement Reserve Agreement means any Replacement Reserve Agreement between the Borrower and the Funding Lender, as the same may be amended, restated or supplemented from time to time.

  • Capital Reserve means, as of any date of determination, an amount equal to the product of (i) $0.25 multiplied by (ii) the square footage of all Real Properties on such date.

  • Required Reserves at any time means the sum of (a) the Yield Reserve, plus (b) the Servicing Fee Reserve, plus (c) the Net Pool Balance multiplied by the greater of (i) the sum of the Loss Reserve Ratio and the Dilution Reserve Ratio and (ii) the Minimum Reserve Ratio, each as in effect at such time.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Interest Reserve Account As defined in Section 3.4(d).

  • Distribution Reserve means a reserve established to hold, in one or more segregated accounts to be established by the Debtor, Cash equal to the aggregate of (a) Cash that would have been distributed on the Distribution Date on account of Disputed or undetermined (i) Administrative Claims had they been Allowed Claims, provided that with respect to Administrative Claims for which applications for compensation of professionals or other periods retained or to be compensated pursuant to sections 327, 328, 330, 331 and 503(b) of the Bankruptcy Code are or will be pending but are then undetermined, the amount of Cash deposited shall be the amount sought by such persons or the maximum amount such persons indicate that they intend to apply for, and provided that with respect to Administrative Claims for which applications for compensation of the Chapter 7 Trustee or the Chapter 11 Trustee are or will be pending but are then undetermined, the amount of Cash deposited shall be the amount sought by such persons or the maximum amount such persons indicate that they intend to apply for, (ii) Priority Unsecured Non-Tax Claims, (iii) Secured Claims, (iv) General Unsecured Claims, (v) Intercompany Claims and (v) Equity Interests , plus (b) accrued interest on all Cash in the Distribution Reserve, plus (c) Cash in the amount of all taxes previously incurred by the Debtor (and not paid or otherwise provided for under the Plan) and all taxes and professional fees estimated to be incurred by the Reorganized Debtor, including professional fees of the Reorganized Debtor; plus (d) Cash in the amount of all estimated costs and expenses of effectuating the actions and duties of the Distribution Trustee, including under Articles VI and XIII of the Plan.

  • Gross Settlement Fund means the Settlement Amount plus all interest earned thereon.