SIR Amount definition

SIR Amount means the amount retained for the insured’s own account under
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SIR Amount means a self-insured retention amount that the Debtor may be obligated to pay under its Malpractice Policies.
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Examples of SIR Amount in a sentence

  • To the extent the Project insurance includes a self-insured retention amount (“SIR Amount”) approved by IHP, the Members shall establish a reserve to fund the balance of such SIR Amount from the closing of the sale of the last Lots in the Project equal to the Unfunded SIR Amount.

  • Promptly following the closing of the sale of the last Lots in the Project, in the event that such sales proceeds are insufficient to fund the Unfunded SIR Amount, then the Members shall fund to the Company, in the inverse order in which distributions were last received by the Members in accordance with Section 3.01(e) below, an amount equal to such shortfall, which funds shall be deposited directly into such Company account established by IHP.

  • As used in this Agreement, (the “Unfunded SIR 10 Amount”) means an amount equal to the SIR Amount minus any credits applicable thereto and minus any amounts previously paid towards the SIR Amount under such Project insurance policy.

  • At the expiration of ten (10) years following the closing of the sale of the last Lot in the Project, or such earlier date as the Members may agree, the balance of the Unfunded SIR Amount, if any, shall be distributed to the Members as Cash Flow in accordance with this Agreement.

Related to SIR Amount

  • Trigger Amount with respect to Extraordinary Trust Expenses for the Trust is $25,000 and the Maximum Reimbursable Amount is $100,000. The Trustee Fee will be paid by the Expense Administrator. Expenses will be reimbursed by the Expense Administrator in accordance with the Expense Administration Agreement.

  • Floor Amount means the greatest pre-tax amount of Potential Parachute Payments that could be paid to Executive without causing Executive to become liable for any Excise Taxes in connection therewith; and

  • 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.

  • M&O Amount means the revenue protection payment required as part of this Agreement as set out in TEXAS EDUCATION CODE Section 48.256(d) and shall have the meaning assigned to such term in Section 4.2 of this Agreement.

  • Excess Funding Amount means the amount on deposit in the Excess Funding Account.