CEDING FEE Sample Clauses

CEDING FEE. The Reinsurer shall allow and pay the Company a ceding fee on each Policy equal to the Ceded Percentage of the sum of the following in respect of such Policy: (i) [***], and (ii) an [***] for [***]. For the first Underwriting Year, such allowance shall be equal to 2.33% of Net Written Premiums, and for each subsequent Underwriting Year the allowance applied to Net Written Premiums shall be equal to the [***] of (A) [***] (on a [***]) for the [***] to (B) [***] for the [***] ("[***]"). As soon as practicable after the end of each Underwriting Year, the Company shall determine the actual Operating Expense Ratio for such Underwriting Year, and the parties shall true up the differential between the aggregate amount paid based on the allowance rate and the amount due based on the actual Operating Expense Ratio. Where the amount for any element of Origination Expenses for any Program or Policy, as the case may be, cannot be determined with precision or certainty at the time of payment of allowance or payment of the ceding fee, the ceding fee shall be determined provisionally based on the Company's reasonable estimate of such amount, and as soon as practicable after the actual amount becomes known, the parties shall true up the difference. The Reinsurer hereby guarantees that the Company will receive such ceding fee regardless of any events, losses or developments for the term of this Agreement. The Company shall allow return ceding fees on return premiums at the same rates. The Reinsurer shall be credited with its Ceded Percentage of ceding commissions, if any, earned by the Company on Inuring Reinsurance.
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CEDING FEE. The Retrocessionaire shall allow and pay the Company a ceding fee on Ceded Contracts equal to the Ceded Percentage of the sum of the following in respect of the Ceded Contracts (or such lesser amount as the Company may determine in its discretion): (i) [***], (ii) an [***] equal to [***]% of [***] on [***] and [***]% of [***] on [***] of [***]; provided, however, that in no event shall the ceding fee in the aggregate for all Ceded Contracts which incept during any Underwriting Year exceed [***]% of [***]; provided further that in no event shall the ceding fee in the aggregate for all Ceded Contracts which incept during any Underwriting Year be less than [***]% of [***]. The Retrocessionaire hereby guarantees that the Company will receive such ceding fee regardless of any events, losses or developments for the term of this Agreement. The Company shall allow return ceding fees on return premiums at the same rates.
CEDING FEE. The "Ceding Fee" shall be the amount set forth as the Ceding Fee in Schedule 4.1, which Ceding Fee is subject to the return of the amount of $250,000 to Reinsurer if the Company does not transfer the data processing equipment and hardware by the Company to Reinsurer as set forth in Section 12.4. The assets comprising the Closing Net Transfer Amount to be delivered by the Company to Reinsurer are set forth in Schedule 4.1.
CEDING FEE. In the manner described in Section 4.1, the Ceding Fee was determined by an Actuarial Valuation using policy data maintained by the Company as of December 31, 1995, and was subsequently updated in a May 31 Actuarial Appraisal using policy data maintained by the Company as of May 31, 1996, and changes agreed upon by the parties, as contemplated by the Assumption Agreement. The Reinsurance Agreement resolved all matters contemplated by the Assumption Agreement, the results of which are set forth in said Exhibit 4. 1. Said Exhibit 4.1 has three versions: (a) the aforementioned adjustments affecting the Company's Policies only, (b) the aforementioned adjustments affecting South Texas Bankers Policies only (in respect to which, see Section 14.4 below) and (c) the aforementioned adjustments consolidating the adjustments affecting the Company's and South Texas Bankers Policies (in respect to which, see Section 14.4 below). The Ceding Fee adjustment is set forth in Exhibit 4.1. ARTICLE V
CEDING FEE. The "Ceding Fee" shall be $1 million.
CEDING FEE. Subject to the terms and conditions of this Agreement, and in consideration of the transfer by World Service of all its respective rights, title, privileges, and prerogatives in the Transferred Policies, Reinsurer agrees that the Ceding Fee shall be World Service's Portion of the present value of the "Distributable Profit After FIT" of the Transferred Policies as determined by the April 30 Actuarial Appraisal based on the discount rate of 12% (the "12% Discount Value"), which is Eighty-Two Thousand, Five Hundred and Forty Dollars ($82,540) in the aggregate, subject to the following adjustments (the "Ceding Fee"): However, the parties have agreed to settle certain matters in conjunction with the aforesaid Ceding Fee amount, which matters are identified as set forth in Exhibit 4.2, with the result that World Service will pay to Reinsurer at Closing the "net" Ceding Fee amount equal to $116,000 as shown on said Exhibit 4.2.

Related to CEDING FEE

  • Closing Fee On the Effective Date, the Borrower agrees to pay to the Administrative Agent and each Lender all loan fees as have been agreed to in writing by the Borrower and the Administrative Agent.

  • Returned Payment Fee If your account is subject to a Returned Payment Fee, the fee will be charged to your account when a payment is returned for any reason.

  • Management Fee For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.

  • Late Payment Fee Students will be assessed a late payment fee if acceptable payment arrangements are not made by the due date indicated on the statement. Acceptable payment arrangements include payment in full, pending financial aid, approved third-party billing (i.e. veterans) and an active and current payment plan with the Bursar’s Office.

  • Fronting Fee In addition to the foregoing commission, the Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender, a fronting fee with respect to each Letter of Credit as set forth in the Fee Letter. Such issuance fee shall be accrued quarterly in arrears on the last Business Day of each calendar quarter and shall be payable on the third Business Day of the immediately following calendar quarter, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent.

  • Closing Fees On the Effective Date, the Borrowers shall pay to the Administrative Agent, for the benefit of the Lenders, the upfront fees due to the Lenders as heretofore agreed.

  • Termination Fee; Expenses (a) In recognition of the efforts, expenses and other opportunities foregone by CenterState while structuring and pursuing the Merger, Charter shall pay to CenterState a termination fee equal to $14,485,624 (“Termination Fee”), by wire transfer of immediately available funds to an account specified by CenterState in the event of any of the following: (i) in the event CenterState terminates this Agreement pursuant to Section 7.01(g) or Charter terminates this Agreement pursuant to Section 7.01(h), Charter shall pay CenterState the Termination Fee within one (1) Business Day after receipt of CenterState’s notification of such termination; and (ii) in the event that after the date of this Agreement and prior to the termination of this Agreement, an Acquisition Proposal shall have been made known to senior management of Charter or has been made directly to its stockholders generally or any Person shall have publicly announced (and not withdrawn) an Acquisition Proposal with respect to Charter and (A) thereafter this Agreement is terminated (x) by either CenterState or Charter pursuant to Section 7.01(c) because the Requisite Charter Stockholder Approval shall not have been obtained or (y) by CenterState pursuant to Section 7.01(d) or Section 7.01(e) and (B) prior to the date that is twelve (12) months after the date of such termination, Charter enters into any agreement or consummates an Acquisition Transaction with respect to an Acquisition Proposal (whether or not the same Acquisition Proposal as that referred to above), then Charter shall, on the earlier of the date it enters into such agreement and the date of consummation of such Acquisition Transaction, pay CenterState the Termination Fee, provided, that for purposes of this Section 7.02(a)(ii), all references in the definition of Acquisition Transaction to “20%” shall instead refer to “50%.” (b) If CenterState or Charter terminates this Agreement pursuant to Section 7.01(b) and the denial of the applicable Regulatory Approval by the applicable Governmental Authority is caused solely by CenterState and its Subsidiaries, CenterState shall, on the date of termination, pay to Charter the sum of $2,000,000 (the “Reverse Termination Fee”). The Reverse Termination Fee shall be paid to Charter in same-day funds. (c) Charter and CenterState each agree that the agreements contained in this Section 7.02 are an integral part of the transactions contemplated by this Agreement, and that, without these agreements, CenterState would not enter into this Agreement; accordingly, if Charter fails promptly to pay any amounts due under this Section 7.02, Charter shall pay interest on such amounts from the date payment of such amounts were due to the date of actual payment at the rate of interest equal to the sum of (i) the rate of interest published from time to time in The Wall Street Journal, Eastern Edition (or any successor publication thereto), designated therein as the prime rate on the date such payment was due, plus (ii) 200 basis points, together with the costs and expenses of CenterState (including reasonable legal fees and expenses) in connection with such suit. (d) Notwithstanding anything to the contrary set forth in this Agreement, the Parties agree that if a Party pays or causes to be paid to the other Party the Termination Fee in accordance with Section 7.02(a) or the Reverse Termination fee in accordance Section 7.02(b), as applicable, the Party paying such Termination Fee or Reverse Termination (or any successor in interest thereof) will not have any further obligations or liabilities to the other Party with respect to this Agreement or the transactions contemplated by this Agreement.

  • Monthly Fee The fee for the parking spaces shall be $ per month for parking space(s). each all

  • Prepayment Fee The Prepayment Fee, when due hereunder, to be shared between the Lenders in accordance with their respective Pro Rata Shares; and

  • Servicing Fee On each Payment Date, the Indenture Trustee on behalf of the Issuer shall pay to the Servicer the Servicing Fee in accordance with Section 4.4 for the immediately preceding Collection Period as compensation for its services. In addition, the Servicer will be entitled to retain all Supplemental Servicing Fees. The Servicer also will be entitled to receive investment earnings (net of investment losses and expenses) on funds on deposit in the Collection Account and the Reserve Account during each Collection Period.

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