Commercial Funds Sample Clauses

Commercial Funds a. Any eligible crop insurance contracts designated by the Company to the Commercial Fund, or not designated by the Company to the Assigned Risk Fund or to a Developmental Fund, will be placed into one of three Commercial Funds as follows: Fund C CAT; Fund R Revenue insurance plans; or Fund B All other crop insurance plans. b. The Company must retain at least 50 percent of the net book premium and associated liability for ultimate net losses on eligible crop insurance contracts designated to each of the Commercial Funds in each State. Retention in the Commercial Funds in each State must be made in 5 percent increments. The three Commercial Funds' retention percentages may differ within a State. The net book premium and associated liability for ultimate net losses not retained by the Company within the Commercial Fund for each State will be ceded to FCIC.
Sample 1Sample 2Sample 3
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Commercial Funds a. Any eligible crop insurance contract not designated by the Company to the Assigned Risk Fund or a Developmental Fund will be placed in one of three Commercial Funds as follows: Fund C CAT; Fund R Revenue insurance plans; or Fund B All other crop insurance plans. b. The Company must retain at least 50 percent of the net book premium and associated liability for ultimate net losses on eligible crop insurance contracts designated to each of the Commercial Funds within each State. The Company may retain percentages of the net book premiums and associated liability for ultimate net losses within any State whenever it designates percentages greater than 50 percent in its Plan of Operations for any reinsurance year. Such percentage designations must be made in 5 percent increments. The three Commercial Funds' retention percentages may differ within a State. The liability for ultimate net losses not retained by the Company within each State will be ceded to FCIC in exchange for an equal percentage of the associated net book premium included in the Commercial Funds in that State.
Sample 1Sample 2
Commercial Funds. The Company must designate eligible crop insurance contracts to any one of three Commercial Funds as follows: a. Any eligible crop insurance contracts designated by the Company to the Commercial Fund, or not designated by the Company to the Assigned Risk Fund or to a Developmental Fund, will be placed into one of three Commercial Funds as follows: Fund C CAT; Fund R Revenue insurance plans; or Fund B All other crop insurance plans. b. The Company must retain at least 50 percent of the net book premium and associated liability for ultimate net losses on eligible crop insurance contracts designated to each of the Commercial Funds in each State. Retention in the Commercial Funds in each State must be made in 5 percent increments. The three Commercial Funds' retention percentages may differ within a State. The net book premium and associated liability for ultimate net losses not retained by the Company within the Commercial Fund for each State will be ceded to FCIC.
Sample 1

Related to Commercial Funds

  • Funds On sales of Class A shares and Class 529-A shares of Funds listed in Category 1 on the attached Schedule A that are accepted by us and for which you are responsible, you will be paid dealer concessions as follows: Less than $25,000 5.00% 5.75% $25,000 but less than $50,000 4.25% 5.00% $50,000 but less than $100,000 3.75% 4.50% $100,000 but less than $250,000 2.75% 3.50% $250,000 but less than $500,000 2.00% 2.50% $500,000 but less than $750,000 1.60% 2.00% $750,000 but less than $1,000,000 1.20% 1.50% $1,000,000 or more See below None

  • Working Capital Trust Account Proceeds Upon consummation of the Offering, $250,000 of the proceeds from the sale of the Firm Units will be released to the Company to fund the working capital requirements of the Company, and the remainder of the proceeds from the sale of the Firm Units will be deposited into the Trust Account and held pursuant to the terms of the Trust Agreement.

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