Stub Amount definition

Stub Amount shall have the meaning given to that term in Section 2.06(c)(ii).
View Source
Stub Amount means the amount of the Ultimates upon which the Company based accrued workers’ compensation expense for the period between December 1, 2004 and the Closing Date, which shall be determined as set forth in Section 4.3(a).
View Source
Stub Amount shall have the meaning set forth in the recitals of this Agreement.
View Source

Examples of Stub Amount in a sentence

  • The difference between (a) and (b) (the “Stub Amount”) was resolved by payment of the Stub Amount (plus or minus any net interest and investment return during the Stub Period that was neither assigned or assumed pursuant to Article V nor addressed by the 6% per annum interest allowance otherwise specified in paragraphs 2, 3 and 4 of this Article VII), from the Insurers to Reinsurer if the Stub Amount was positive and from Reinsurer to Insurers if the Stub Amount was negative.

  • Payment of the Stub Amount (adjusted as described for any net interest or investment return) was made by addition to or subtraction from the first quarterly payment due under paragraph 5 following, it being understood that the purpose of the foregoing described payment computation was to transfer effectively the financial results of Subject Business operations during the Stub Period from Insurers to Reinsurer.

  • The number of Memec US Stub Shares which each Bondholder shall be entitled to receive in consideration for the acquisition of its MGH Bonds shall be calculated by dividing such Bondholder’s Stub Amount by the Stub Share Price.

  • In such a case a Noteholder who, as a result of trading such amounts, holds a principal amount of less than the minimum Specified Denomination (a "Stub Amount") may not receive a definitive Note in respect of such holding (should definitive Notes be printed) and would need to purchase a principal amount of Notes such that its holding amounts to a Specified Denomination.

  • The twelfth (12th) Quarterly Payment hereunder shall be an amount equal to $1.5 Million minus the Stub Amount, which shall be made within ten (10) days after the beginning of the Calendar Quarter.

  • If the Real Estate Purchase does not occur on or before the date that is forty-five (45) days following the Closing, then the Escrow Agent shall release the Real Estate Stub Amount to Sellers’ Representative, on behalf of Sellers, in accordance with the terms of the Escrow Agreement.

  • If the Real Estate Purchase occurs on or before the date that is forty-five (45) days following the Closing, then Buyer and Sellers’ Representative shall cause the Escrow Agent to release the Real Estate Stub Amount to ▇▇▇▇▇▇▇ ▇▇▇▇ Properties A, Ltd.

  • On or prior to the Closing Date, the Company shall distribute to the Principal Shareholders (i) an amount equal to the pre-tax earnings of the Company for the quarter ended March 31, 1998; and (ii) an amount equal to the pre-tax earnings of the Company for the period (the "Stub Period") April 1, 1998 through the Closing (the "Stub Amount").

  • In the event that Landlord shall have elected to charge Tenant Fixed Rent in an amount computed in accordance with clause (ii) of this Section 37.01(a)1., then that portion of such Fixed Rent (herein called the "Holdover Stub Amount") that is the difference between (x) the Fixed Rent computed in accordance with clause (ii) of this Section 37.01(a)1.

  • In such a case a Bondholder who, as a result of trading such amounts, holds a principal amount of less than the minimum Specified Denomination (a "Stub Amount") may not receive a Definitive Bond in respect of such holding (should definitive Bonds be printed) and would need to purchase a principal amount of Bonds such that its holding amounts to a Specified Denomination.


More Definitions of Stub Amount

Stub Amount means an amount equal to the product of $55,015.50 multiplied by the number of days from and including January 1, 2011 to but excluding the Closing Date.
View Source
Stub Amount means, for purposes of calculating the Accreted Value of any Note as of any date of determination that does not coincide with a Semi-Annual Accrual Date, the portion of the Discount (at the immediately preceding Semi-Annual Accrual Date or, in the case of the first Semi-Annual Accrual Date following the Closing Date, at the Closing Date) equal to the product of (A) the Accrual Rate, multiplied by (B) (1) in the case of the Stub - - - Amount with respect to any date of determination prior to the first Semi-Annual Accrual Date following the date of issuance of such Note, the Initial Amount of such Note, or (2) in the case of any date of determination after such first - Semi-Annual Accrual Date, the Accreted Value of such Note as of the Semi-Annual Accrual Date immediately preceding such date of determination after giving effect to any partial prepayment of such Note made on such preceding Semi-Annual Accrual Date, multiplied by (C) a fraction (X) the numerator of which is the - - number of days (using a 30-day month, 360-day year convention) elapsed during the period (1) in the case of the Stub Amount with respect to any date of - determination prior to the first Semi-Annual Accrual Date following the Closing Date, from and including the Closing Date to but excluding such date of determination, or (2) in the case of any Stub Amount with respect to any date of - determination after such first Semi-Annual Accrual Date, from and including the Semi-Annual Accrual Date immediately preceding such date of determination to but excluding such date of determination, and (Y) the denominator of which is 360. -
View Source

Related to Stub Amount

  • 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.

  • Cash Amount means an amount of cash per Partnership Unit equal to the Value on the Valuation Date of the REIT Shares Amount.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Broken Amount means, in respect of any Interest Payment Date, the amount specified in the relevant Final Terms.

  • 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.