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
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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 $9,278,800, 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. 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
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.
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