Business Monitoring Sample Clauses

Business Monitoring. Exhibit A, Business Covered is replaced in its entirety with the attached Exhibit A, Business Covered.

Business Monitoring. Effective July 1, 2014: The Company agrees to closely monitor new business volume production as well as first year lapse rates across the business. A Triggering Event for this Article is defined as the following: (a) New business issues for any rolling 3-month period exceeding $10 billion of volume; and (b) First year lapse rate (volume based) for any 3 month period of new business issues exceeding 65%. The Company agrees to notify the Reinsurer within seven (7) days of the later of occurrence of a Triggering Event or knowledge of that Triggering Event. In the event that a Triggering Event takes place the following actions will occur: (a) The Reinsurer’s right to terminate This Agreement for now business will be reduced from sixty (60) days to thirty (30) days. (b) For new business written after the Triggering Event, the Reinsurer will have the option to move to the allowance structure outlined In Exhibit C-2, item 14, Special Conditions, Reinsurance Allowance Structure by providing thirty (30) days’ notice. June 1, 2013. The commencement dates for specific plans are shown below.

Business Monitoring. Effective February 1, 2015: The Company agrees to closely monitor new business volume production as well as first year lapse rates across the business. A Triggering Event for this Article is defined as the following: (a) New business issues for any rolling 3-month period exceeding $10 billion of volume; and (b) First year lapse rate (volume based) for any 3 month period of new business issues exceeding 65%. The Company agrees to notify the Reinsurer within seven (7) days of the later of occurrence of a Triggering Event or knowledge of that Triggering Event. In the event that a Triggering Event takes place, the Reinsurer’s right to terminate this Agreement for new business will be reduced from sixty (60) days to thirty (30) days. Effective July 1, 2014 through January 31, 2015: The Company agrees to closely monitor new business volume production as well as first year lapse rates across the business. A Triggering Event for this Article is defined as the following:

Business Monitoring. On and after the date hereof until the Closing, Seller shall permit Buyer to have at least one representative on site at the Facility. Such representative shall be permitted to inspect the premises and monitor the operations of the Business. Seller shall cooperate in good faith with Buyer and use its reasonable efforts to prevent the occurrence of any acts which could be adverse to Buyer’s operation of the Business after the Closing.

Business Monitoring. On and after the date hereof until the Closing, Seller shall permit Buyer to have not more than four (4) executive personnel on site at the Owned Real Property in suitable office space. Such executive personnel shall be permitted to inspect the premises and monitor its operations and the operations of the Business to assure that the Business is being operated in the Ordinary Course of Business. Seller shall cooperate in good faith with Buyer and use its best efforts to prevent the occurrence of any acts outside the Ordinary Course of Business which could be adverse to Buyer’s operation of the Business after the Closing.