Claim Reserve definition

Claim Reserve means the Disabled Life Reserve plus the reserve for pending and incurred but not reported claim payments as further defined herein.

Claim Reserve means the Disabled Life Reserve and reserve for pending and incurred but not reported future claim payments as further defined herein.

Claim Reserve shall have the meaning set forth in Section 5.2.

Examples of Claim Reserve in a sentence

• Notwithstanding anything to the contrary herein, the Liquidation Trust Administrator shall not be required to segregate the Disputed Claim Reserve from other monies held by the Liquidation Trust Administrator pursuant to this Trust Agreement.

• If practicable, the Liquidation Trust Administrator shall invest any Cash that is withheld in the Disputed Claim Reserve in a manner that shall yield a reasonable net return, taking into account the safety of the investment.

• FINANCIAL COVENANTS 18 Section 10.1. Risk Based Capital 19 Section 10.2. Admitted Assets to Disputed Claim Reserve 19 Section 10.3. Minimum Statutory Surplus 19 Section 10.4. IRIS Tests.

• Distributions of Liquidation Trust Recoveries with respect to Disputed Claims shall be held in the Disputed Claim Reserve as set forth in this Trust Agreement.

• The Liquidation Trust Administrator shall also place in the Disputed Claim Reserve any dividends, payments or other distributions made on account of, as well as any obligations arising from, the property withheld in the Disputed Claim Reserve, to the extent that such property continues to be withheld in the Disputed Claim Reserve at the time such distributions are made or such obligations arise.

• The Trustee shall no longer reserve for and shall distribute to the Beneficiaries, pursuant to this Agreement, their Pro Rata share of the funds held in the Disputed Claim Reserve on account of any Disputed General Unsecured Claim that becomes disallowed.

• Within thirty (30) days of a Disputed Claim becoming an Allowed Claim, the Litigation Trustee shall distribute to the Holder thereof, from the Disputed Claim Reserve, such amount of Litigation Trust Assets as would have been distributed to such holder if its Claim had been an Allowed Claim on the Effective Date.

• The Late-Filed Claims Reserve will terminate on the earlier of: (i) the exhaustion of the Late- Filed Claim Reserve or (ii) the occurrence of the fifth (5th) anniversary of the Effective Date.

• Within thirty (30) days of a Disputed Claim becoming an Allowed Claim, the Trustee shall distribute to the Holder thereof, from the Disputed Claim Reserve, such amount of Available Trust Cash as would have been distributed to such Holder if its Claim had been an Allowed Claim on the Initial Distribution date.

• After the Pre-Effective Date Unknown Claim Reserve terminates, to the extent there are any remaining funds after payment to all Pre-Effective Date Unknown Survivor Claims pursuant to the Survivor Claim Distribution Plan, such remaining funds shall be divided equally, with the Trustee returning one half of the remaining funds to the Reorganized Debtor within 30 days after the completion of payments to holders of allowed Pre-Effective Date Unknown Survivor Claims.

More Definitions of Claim Reserve

Claim Reserve means, with respect to Claims Incepted in a Claim Inception Year, the actuarial present value of future benefit amounts due on claims, computed (i) at an effective annual rate of interest of 6% and (ii) using 100% of the 1985 Commissioners’ Individual Disability Income Table A for claim termination rates, as such actuarial present value is reduced or increased in accordance with such adjustments as are agreed in writing by the parties hereto from time to time.

Claim Reserve means the aggregate amount (based on a reasonable good faith estimate by Acquiror) of all pending Indemnity Claims that, as of the Interim Distribution Date or the Expiration Date (as the case may be), have not yet finally been resolved and/or for which the full amount of Damages has not finally been determined and is not yet determinable.

Claim Reserve means the amount represented by all Open Claims;

Claim Reserve has the meaning specified in Section 14.11.