Common use of Repayment Amount Clause in Contracts

Repayment Amount. Repayment Amount" means (A + B) - (Y + Z) where: A = the Settlement Amount; B = all interest or other investment return on the Settlement Amount balance from the date that the Settlement Amount is deposited into the Escrow Account to the date the Settlement Amount balance is disbursed pursuant to this Paragraph 2.D; Y = any actual monetary decrease in Lloyd's Underwriters' payment or contribution or liability to pay or contribute under any Asbestos Legislation that is attributable to their payment of the Settlement Amount under this Agreement; and Z = the reasonable and proper charges, fees and expenses of the Plan Trustee and the Escrow Agent.

Appears in 2 contracts

Sources: Confidential Settlement Agreement (Congoleum Corp), Settlement Agreement (American Biltrite Inc)