As a result, the authority issued a total of USD112,177,124 in aggregate principal amount of 11 percent senior secured notes due 2022 and USD49,857,294 in aggregate principal amount of
residual claim certificates in exchange for existing notes validly tendered by the expiration date and accepted by the authority.
zero in the absence of insurance) and the value of the
residual claim on second-date cash flow, given state prices g(S).
In the case of Union Central, a
residual claim is initiated when an insured can perform some but not all of the substantial and material duties of their occupation and has a loss of income of at least 15%, or is unable to work in their occupation more than 80% of the time as was usual prior to the start of their claim.
ultimate concerns, is the notion of a
residual claim.
79) He again admitted that "economists have recognised that
residual claim and control rights are two major components of ownership", but he still omitted the control right "by assuming that the control right is a derivative of the
residual claim".
During a
residual claim, income drops because of economic reasons rather than medical reasons.
Residual claim on income and Senior claim on income and assets
After five years, if the physician enters another occupation fitted for by education, training or experience, said Brokerage Solutions' Petsche, that person would move to a
residual claim in which a percentage of lost income would be paid.
The
residual claim to these assets after the investors are repaid therefore is a valuable property right which the settlor is unwilling to give up.
There should also be an indexing of prior earnings provision that increases the prior earnings each year of a
residual claim.
Specifically, territorial guarantees increase the share of the
residual claim to the franchisee.
He will enter into what is known as a
residual claim and will collect a lesser monthly benefit based on the specific insurance carriers residual benefit calculation.
