Initial Premium. As consideration for the reinsurance provided hereunder by the Reinsurer, the Ceding Company shall pay to the Reinsurer, on the Closing Date, the Initial Reinsurance Premium with respect to the Ceding Company as set forth in the Estimated Reinsurance Settlement Statement in accordance with the Accounting Principles. Such payment shall be offset against the Ceding Commission payable by the Reinsurer to the Ceding Company, and the obligation to pay the Initial Reinsurance Premium shall be satisfied by the Ceding Company transferring, on the Closing Date, to the Trust Account on behalf of the Reinsurer, Authorized Investments with a Fair Market Value equal to the Net Initial Reinsurance Settlement Amount pursuant to and in accordance with Section 2.3(b)(i) of the Master Transaction Agreement. Such payment shall be subject to adjustment following the date hereof in accordance with Sections 2.6(b) and 2.7 of the Master Transaction Agreement.
Initial Premium a. The minimum Initial Premium We will accept is $10,000.
b. The minimum required to select allocation to an Indexed Value Option is 10% of Your Initial Premium.
Initial Premium. The initial premium shown in the Coverage Description is due on delivery of the policy. No insurance will take effect before the initial premium is paid. If this policy is in your possession and you have not paid the initial premium, it is not in effect. Premium must be in lawful currency of the United States and submitted to our Administrative Office or Home Office, or in a manner agreed to by Symetra.
Initial Premium. The Retrocedant undertakes to pay (on a funds withheld basis) the amount in Canadian Dollars, as set out below (the “Initial Premium”): Canadian Dollars (“CAD”) CAD 000x Xxxxxx Xxxxxx Dollars (“USD”) USD 14 m The Parties hereby acknowledge that the Initial Premium number set forth above was calculated in accordance with the principles set forth in Schedule 5.01 hereto.
Initial Premium. (a) The Initial Premium shall be payable by the Cedant to the Reinsurer on the Closing Date. The payment of the Initial Premium is a condition precedent to the liability of the Reinsurer under this Agreement. The Cedant’s obligation to pay the Initial Premium to the Reinsurer shall be satisfied on the Closing Date in accordance with Section 3.03(b). The Initial Premium and the components thereof shall be subject to adjustment following the Closing Date in accordance with Section 3.05.
(b) The “Initial Premium” shall be an amount equal to:
(i) the aggregate statutory reserves, as of the Effective Time, in respect of the Reinsured Liabilities (without regard to the transactions contemplated by this Agreement), determined in a manner consistent with the Cedant’s historical practices utilizing reserving methods and assumptions for applying Cedant SAP which are consistent with the reserving methods and assumptions utilized by the Cedant to prepare the Reference File; plus
(ii) the Effective Date IMR.
Initial Premium. On the Effective Date, in an amount equal to the sum of (x) expenses incurred by the Reinsurer in connection with the issuance of the Notes on such Effective Date, and (y) certain anticipated operating expenses, each such expense as set forth on Schedule A hereto, and certified by the Reinsurer in the form attached hereto as Exhibit B (the “Initial Premium”); and
Initial Premium. The Initial Premium is shown in the Contract Schedule and is payable on or before the Contract Date.
Initial Premium. The Ceding Company will pay to the Reinsurer an amount equal to XXX dollars ($XXX) upon the execution of this Agreement.
Initial Premium. On the Closing Date, in an amount equal to expenses incurred by the Reinsurer in connection with the issuance of the Notes pursuant to the Indenture and certain anticipated operating and administrative expenses as set forth on Schedule A hereto, and certified by the Reinsurer in the form attached hereto as Exhibit B (the ‘‘Initial Premium’’); and
Initial Premium. A premium is sought by the Landowner payable on entering
