Allowances on Flat Extras Sample Clauses

Allowances on Flat Extras. (a ) Temporary Flat Extras (Less Than Or Equal To 5 Years): 90% of the flat extras per $1,000 are added to the appropriate single life YRT rate (i.e., net of the 10% reinsurance allowance for temporary flat extras).
Sample 1
AutoNDA by SimpleDocs
Allowances on Flat Extras. Temporary Flat Extras [*] of the flat extras per $1,000 are added to the appropriate single life reinsurance premium rate or if applicable, to the appropriate single life substandard reinsurance premium rate (i.e., net of the 10% reinsurance allowance for temporary flat extras). Permanent Flat Extras [ ] of the flat extras per $1,000 are added to the appropriate single life reinsurance premium rate or if applicable, to the appropriate single life substandard reinsurance premium rate (i.e., net of the [*] reinsurance allowance for year 1). [ ] of the flat extras per $1,000 are added to the appropriate single life reinsurance premium rate or if applicable, to the appropriate single life substandard reinsurance premium rate. (i.e. net of the [*] reinsurance allowance for years 2+). For survivorship policies, the flat extras, whether temporary or permanent, are applied before the Frasierization process.
Sample 1
Allowances on Flat Extras. Permanent Flat Extras or Temporary Flat Extras: [*] of the flat extras per $1,000 are added to the appropriate single life reinsurance premium rate or if applicable, to the appropriate single life substandard reinsurance premium rate (i.e., net of the [*] reinsurance allowance for temporary flat extras). For survivorship policies, the flat extras, whether temporary or permanent, are applied before the Frasierization process. EXHIBIT C
Sample 1
Allowances on Flat Extras. When a flat extra is payable for 5 years or less, an allowance of of the gross flat extra charged by the company will be made each year. When a flat extra premium is payable for more than 5 years, an allowance of of the gross flat extra will be charged by the Company will be made in the first year and an allowance of in each year thereafter.
Sample 1
Allowances on Flat Extras. Temporary Flat Extras (Less Than or Equal To 5 Years): [*] of the flat extras per $1,000 are added to the appropriate single life reinsurance premium rate or if applicable, to the appropriate single life substandard reinsurance premium rate (i.e., net of the [*] reinsurance allowance for temporary flat extras). Table of Contents Permanent Flat Extras (Or Temporary Flat Extras Greater Than 5 Years): In year 1, [*] of the flat extras per $1,000 are added to the appropriate single life reinsurance premium rate or if applicable, to the appropriate single life substandard reinsurance premium rate (i.e. net of a [*] reinsurance allowance for year 1). In years 2+, [*] of the flat extras per $1,000 are added to the appropriate single life reinsurance premium rate or if applicable, to the appropriate single life substandard reinsurance premium rate. (i.e. net of a [*] reinsurance allowance for years 2+). For survivorship policies, the flat extras whether temporary or permanent, are applied before the frasierization process outlined in Section 3. below.
Sample 1
Allowances on Flat Extras. Temporary Flat Extras (Less Than or Equal to 5 Years): [*] of the flat extras per $1,000 are added to the appropriate single life YRT premium or if applicable, to the appropriate single life substandard YRT premium (i.e., net of the [*] reinsurance allowance for temporary flat extras). Permanent Flat Extras (Or Temporary Flat Extras Greater Than 5 Years): In year 1, [*] of the flat extras per $1,000 are added to the appropriate single life YRT premium or if applicable, to the appropriate single life substandard YRT premium (i.e., net of a [*] reinsurance allowance for year 1). Xxxx Xxxxxxx’x Reinsurance Agreement No: MH19C07 Reinsurer Agreement No: 4461 MARC 4461 JH MH19C07 09012019 – Execution Version EXHIBIT C In years 2+, [*] of the flat extras per $1,000 are added to the appropriate single life YRT premium or if applicable, to the appropriate single life substandard YRT premium. (i.e., net of the [*] reinsurance allowance for years 2+). For survivorship policies, the flat extras, whether temporary or permanent, are applied before the Frasierization process.
Sample 1
Allowances on Flat Extras. Temporary Flat Extras (Less Than or Equal to 5 Years): [*] of the flat extras per $1,000 are added to the appropriate single life YRT premium or if applicable, to the appropriate single life substandard YRT premium (i.e., net of the [*] reinsurance allowance for temporary flat extras). Permanent Flat Extras (Or Temporary Flat Extras Greater Than 5 Years): In year 1, [*] of the flat extras per $1,000 are added to the appropriate single life YRT premium or if applicable, to the appropriate single life substandard YRT premium (i.e., net of a [*] reinsurance allowance for year 1). In years 2+, [*] of the flat extras per $1,000 are added to the appropriate single life YRT premium or if applicable, to the appropriate single life substandard YRT premium. (i.e. net of a [*] allowance for years 2+). For survivorship policies, the flat extras, whether temporary or permanent, are applied before the Frasierization process. EXHIBIT C
Sample 1
AutoNDA by SimpleDocs

Related to Allowances on Flat Extras

  • Allowances Absent an Event of Default the Borrower may grant such allowances or other adjustments to Debtors (exclusive of extending the time for payment of any item which shall not be done without first obtaining the Bank’s written consent in each instance) as the Borrower may reasonably deem to accord with sound business practice, including, without limiting the generality of the foregoing, accepting the return of all or any part of the inventory (subject to the provisions set forth in this Agreement with reference to returned inventory).

  • Cost Reimbursement Retrocessionaire shall reimburse for its allocated share of all costs and expenses incurred by Retrocedant in administering the Reinsurance Contracts as set forth in Exhibit H hereto.

  • Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers The Borrower shall pay directly to each L/C Issuer for its own account a fronting fee (a “Fronting Fee”) with respect to each Letter of Credit issued by it, at the rate per annum equal to 0.125% computed on the daily maximum amount then available to be drawn under such Letter of Credit. Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fees shall be due and payable on the tenth Business Day after the end of each March, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the Borrower shall pay directly to each L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable within ten Business Days of demand and are nonrefundable.

  • Loss Reimbursement Subadviser shall reimburse the Account for any material error to the Fund's net asset value caused by Subadviser's breach of its standard of care, as set forth in the following sentence that is a direct cause of a delay in the accurate daily pricing of the Fund. In managing the Account, Subadviser shall act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims.

  • Reimbursement of Fee Waivers and Expense Reimbursements If on any day during which the Advisory Agreement is in effect, the estimated annualized Fund Operating Expenses of the Fund for that day are less than the Operating Expense Limit, the Adviser shall be entitled to reimbursement by a Fund of the investment advisory fees waived or reduced, and any other expense reimbursements or similar payments remitted by the Adviser to the Fund pursuant to Section 1 hereof (the “Reimbursement Amount”) within three years after the year in which the Adviser waived or reduced investment advisory fees or reimbursed expenses, to the extent that the Fund’s annualized Operating Expenses plus the amount so reimbursed equals, for such day, the Operating Expense Limit, provided that such amount paid to the Adviser will in no event exceed the total Reimbursement Amount and will not include any amounts previously reimbursed.

  • Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, at the rate per annum specified in the Fee Letter, computed on the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth Business Day after the end of each March, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

  • Payments Generally Agents Clawback (a) All payments to be made by the Borrower shall be made free and clear of and without condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein and except with respect to an Approved Foreign Currency, all payments by the Borrower hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the applicable Administrative Agent’s Office for Dollar-denominated payments and in Same Day Funds not later than 1:00 p.m. New York City time on the date specified herein. Except as otherwise expressly provided herein, all payments by the Borrower hereunder in an Approved Foreign Currency shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the applicable Administrative Agent’s Office in such Approved Foreign Currency and in Same Day Funds not later than 2:00 p.m. (London time) (or, if earlier, 9:00 a.m. New York city time) on the dates specified herein. If, for any reason, the Borrower is prohibited by any Law from making any required payment hereunder in an Approved Foreign Currency, the Borrower shall make such payment in Dollars in an amount equal to the Dollar Equivalent of such Approved Foreign Currency payment amount. The Administrative Agent will promptly distribute to each Appropriate Lender its Pro Rata Share (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s applicable Lending Office. All payments received by the Administrative Agent after the time specified above shall in each case be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue.

  • Take or Pay Contracts The Borrower will not, and will not permit any of its Subsidiaries to, enter into or be a party to any arrangement for the purchase of materials, supplies, other property or services if such arrangement by its express terms requires that payment be made by the Borrower or such Subsidiary regardless of whether such materials, supplies, other property or services are delivered or furnished to it.

  • Allowance for Loan Losses The Company's allowance for loan losses is, and shall be as of the Effective Date, in compliance with the Company's existing methodology for determining the adequacy of its allowance for loan losses as well as the standards established by applicable Governmental Authorities and the Financial Accounting Standards Board and is and shall be adequate under all such standards.

  • Drawings and Reimbursement of Amounts Paid Under Letters of Credit A. Responsibility of Issuing Lender With Respect to Drawings. In determining whether to honor any drawing under any Letter of Credit by the beneficiary thereof, the Issuing Lender shall be responsible only to examine the documents delivered under such Letter of Credit with reasonable care so as to ascertain whether they appear on their face to be in accordance with the terms and conditions of such Letter of Credit.

Time is Money Join Law Insider Premium to draft better contracts faster.