Funds Withheld Investment Credit. For each period from the immediately preceding Settlement Date until the relevant Settlement Date, the Reinsured shall calculate the Funds Withheld Investment Credit as of the relevant Settlement Date (except for the First Settlement Date). The “Funds Withheld Investment Credit” shall be an amount equal to the product of (x) the Funds Withheld Balance as of the immediately preceding Settlement Date and (y) the Interest Credit Rate.
Appears in 3 contracts
Samples: Coinsurance Funds Withheld Reinsurance Agreement (Symetra Financial CORP), Coinsurance Funds Withheld Reinsurance Agreement (Symetra Financial CORP), Coinsurance Funds Withheld Reinsurance Agreement (Symetra Financial CORP)
Funds Withheld Investment Credit. For each period from the immediately preceding Settlement Date until the relevant current Settlement Date, the Reinsured Company shall calculate the Funds Withheld Investment Credit as of the relevant current Settlement Date (except for the First Settlement Date). The “Funds Withheld Investment Credit” Credit shall be an amount equal to the product of (x), the Funds Withheld Balance as of the immediately preceding Settlement Date, if positive and (y) the Interest Credit Rate. If the Funds Withheld Balance as of the immediately preceding Settlement Date and (y) is negative, then the Interest Funds Withheld Investment Credit Rateas of the current Settlement Date shall be zero.
Appears in 1 contract
Funds Withheld Investment Credit. For each period from the immediately preceding Settlement Date until the relevant Settlement Date, the Reinsured shall calculate the Funds Withheld Investment Credit as of the relevant Settlement Date (except for the First Settlement Date). The “Funds Withheld Investment Credit” shall be an amount equal to the product of (x) the Funds Withheld Balance as of the immediately preceding Settlement Date and (y) the Interest Credit Rate.. 5.06
Appears in 1 contract
Samples: www.sec.gov
