Initial Ceding Commission Sample Clauses

Initial Ceding Commission. On April lst, 2001, Reinsurer will pay an initial ceding commission of $x to Reinsured as consideration for the business in force. To be provided at a later date Quarterly Commission and Expense Allowances
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Initial Ceding Commission. As consideration for the cession of the Reinsured Liabilities, the Cedant shall be entitled to a ceding commission, which amount shall be determined and settled in accordance with Section 2.4(e)(iv) of the Master Agreement, as adjusted pursuant to Sections 2.5 and 2.6 of the Master Agreement.
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Initial Ceding Commission. On April 1st, 2001, Reinsurer will pay an initial ceding commission of $13,330,384 to Reinsured as consideration for the business in force. This is Reinsured’s GAAP deferred acquisition cost asset balance for the ceded business as of April 1st, 2001.
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Initial Ceding Commission. Insurers, on the Original Effective Time, received a one time ceding commission in the amount of $42,528,200, plus six percent (6%) per annum simple interest upon said amount for the period between January 1, 2001 and the date of receipt by Insurers.
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Initial Ceding Commission. The Reinsurer shall owe to the Ceding Company ------------------------- an "Initial Ceding Commission" that for purposes of the Execution Date has been estimated at $286,708,378 based on cash flow testing as of September 30, 2013 and will be updated using the same methodology based on data as of September 30, 2014. The Initial Ceding Commission will be paid in accordance with Article VI.
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Initial Ceding Commission. An initial ceding commission will not be applicable to this Agreement,
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Initial Ceding Commission. On the execution date of this Agreement, the Reinsurer shall pay the Company an initial ceding commission in an amount equal to Three Million Five Hundred Thousand Dollars ($3,500,000). This payment represents two elements. First, it represents payment by the Reinsurer for the amount of acquisition costs that due to statutory accounting practice must be immediately expensed by the Company at the date of issue but which in reality have yet to be amortized from future premiums to still be collected by the Company. Secondly, it represents a reasonable consideration for the right to receive the future premiums for such reinsured policies.
Sample 1
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Initial Ceding Commission. As of the Effective Date, the Reinsurer shall transfer an initial ceding commission (“Initial Ceding Commission”) to the Company within twenty (20) business days of the Effective Date in the form of cash and/or assets (as mutually agreed upon by the parties) with an estimated fair market value as of the Effective Date equal to $3,661,006,385.47. The parties may mutually agree to amend the structure and timing of payment for the Initial Ceding Commission. The Initial Ceding Commission may be net settled with the Initial Coinsurance Reinsurance Premium.
Sample 1
Initial Ceding Commission. An Initial Ceding Commission will be paid by the Reinsurer to the Ceding Company, simultaneously with the payment of the Initial Consideration, in an amount equal to $170,000,000. This amount is a best efforts estimate of the amount to be paid as of the Settlement Date, and will be adjusted accordingly to the actual amount in the initial Accounting Period.
Sample 1

Related to Initial Ceding Commission

  • CEDING COMMISSION The Reinsurer shall allow the Company a ceding commission of (or a proportionate share of such amount in the event of a Quota Share Reduction) per annum, to be taken as a deduction from the first monthly premium payment to the Reinsurer at the commencement of this Contract and at each annual anniversary thereof, to cover the Company's operational costs directly allocable to writing the business subject hereto.

  • Additional Commission In addition to the payments owed pursuant to Paragraph 1.10 above, and unless Lessor and the Brokers otherwise agree in writing, Lessor agrees that: (a) if Lessee exercises any Option, (b) if Lessee acquires any rights to the Premises or other premises owned by Lessor and located within the same Project, if any, within which the Premises is located, (c) if Lessee remains in possession of the Premises, with the consent of Lessor, after the expiration of this Lease, or (d) if Base Rent is increased, whether by agreement or operation of an escalation clause herein, then, Lessor shall pay Brokers a fee in accordance with the schedule of said Brokers in effect at the time of the execution of this Lease.

  • Commitment Commission (a) The Borrower agrees to pay the Facility Agent for distribution to each Non-Defaulting Lender a commitment commission (the “Commitment Commission”) for the period from the Effective Date to and including the Commitment Termination Date (or such earlier date as the Total Commitment shall have been terminated) computed at a rate for each day equal to 0.375 multiplied by the Applicable Margin multiplied by the Commitment for such day of such Non-Defaulting Lender divided by 360. Accrued Commitment Commission shall be due and payable quarterly in arrears on each Payment Date and on the Borrowing Date corresponding to the second Delivery Date to occur (or such earlier date upon which the Total Commitment is terminated).

  • Leasing Commissions On or before the Closing Date, Seller shall pay in full all leasing commissions due to leasing or other agents for the current remaining term of the Lease (determined without regard to any unexercised termination or cancellation right).

  • Excess Brokerage Commissions The Adviser is hereby authorized, to the fullest extent now or hereafter permitted by law, to cause the Corporation to pay a member of a national securities exchange, broker or dealer an amount of commission for effecting a securities transaction in excess of the amount of commission another member of such exchange, broker or dealer would have charged for effecting that transaction, if the Adviser determines in good faith, taking into account such factors as price (including the applicable brokerage commission or dealer spread), size of order, difficulty of execution, and operational facilities of the firm and the firm’s risk and skill in positioning blocks of securities, that such amount of commission is reasonable in relation to the value of the brokerage and/or research services provided by such member, broker or dealer, viewed in terms of either that particular transaction or its overall responsibilities with respect to the Corporation’s portfolio, and constitutes the best net results for the Corporation.

  • Payment of Commissions Payments of selling commissions and any other fees due to the Dealer pursuant to this Agreement will be made by the Dealer Manager to the Dealer. Selling commissions and such other fees and expense reimbursements due to the Dealer pursuant to this Agreement will be paid to the Dealer within 30 days after their receipt by the Dealer Manager. The Dealer, in its sole discretion, may authorize the Dealer Manager to deposit selling commissions and any other fees or payments due to it pursuant to this Agreement directly to its bank account. If the Dealer so elects, the Dealer shall provide such deposit authorization and instructions in Schedule 2 to this Agreement.

  • Selling Commissions Any and all commissions payable to underwriters, dealer managers or other broker-dealers in connection with the sale of Shares, including, without limitation, commissions payable to Behringer Securities LP.

  • Broker Commission If the Closing occurs, Seller agrees to pay Broker a commission according to the terms of a separate contract. Broker shall not be deemed a party or third party beneficiary of this Contract.

  • Additional Reporting Under Regulation AB With respect to any period during which the Trust is subject to the reporting requirements of the Exchange Act, the Mortgage Loan Seller shall provide to the Depositor and the Certificate Administrator any information that constitutes “Additional Form 10-D Information” or “Additional Form 10-K Information” but only if and to the extent that the Mortgage Loan Seller (or any originator of the Mortgage Loans sold by the Mortgage Loan Seller to the Depositor, if such originator constitutes an “originator” contemplated by Item 1110(b) of Regulation AB and such information is required to be reported with respect to such originator) is the applicable “Party Responsible” (solely in its capacity as a sponsor or originator (or as successor in interest to any predecessor originator), within the meaning of Regulation AB, of any Mortgage Loans) under the terms of Schedule V or Schedule VI to the Pooling and Servicing Agreement (it being acknowledged that the Mortgage Loan Seller (solely as in its capacity as a sponsor or originator (or as successor in interest to any predecessor originator), within the meaning of Regulation AB, of any Mortgage Loans) does not constitute the “Party Responsible” for any “Form 8-K Information” set forth on Schedule VII of the Pooling and Servicing Agreement). In each case, such delivery shall be made in a form readily convertible to an XXXXX compatible form, or in such other form as otherwise agreed by the Depositor, the Certificate Administrator and the Mortgage Loan Seller. In each case, such delivery shall be made not later than 5 calendar days after the related Distribution Date (in the case of any such “Additional Form 10-D Information”), and no later than March 7th of each year subsequent to the fiscal year that the Trust is subject to the Exchange Act reporting requirements (in the case of any such “Additional Form 10-K Information”). In no event shall the Mortgage Loan Seller be required to provide any information that is not required to be reported on Form 10-D or Form 10-K, as the case may be, under the Exchange Act and the rules and regulations of the Securities and Exchange Commission thereunder.

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