Initial Reinsurance Premium. (a) As initial consideration for the Reinsurer entering into this Agreement (the “Initial Premium”), the Reinsurer shall be entitled to cash and/or Eligible Assets having an aggregate Fair Market Value as of the Effective Time equal to the sum of:
Appears in 6 contracts
Samples: Coinsurance and Modified Coinsurance Agreement (Guardian Separate Account R), Coinsurance and Modified Coinsurance Agreement (Guardian Separate Account R), Coinsurance and Modified Coinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account A)
Initial Reinsurance Premium. (ah) As initial consideration for the Reinsurer entering into this Agreement (the “Initial Premium”), the Reinsurer shall be entitled to cash and/or Eligible Assets having an aggregate Fair Market Value (excluding Accrued Interest) as of the Closing Date plus Accrued Interest as of the Effective Time equal to the sum of:
Appears in 2 contracts
Samples: Coinsurance and Modified Coinsurance Agreement (Equitable Financial Life Insurance Co), Coinsurance and Modified Coinsurance Agreement (Equitable Holdings, Inc.)
Initial Reinsurance Premium. (a) As initial consideration for the Reinsurer entering into this Agreement (the “Initial Premium”), the Reinsurer shall be entitled to cash and/or Eligible Assets assets having an aggregate Fair Market Value as of the Closing Date equal to: (i) the Quota Share of the General Account Reserves as of the Effective Time equal to Time, plus (ii) the sum of:Existing IMR as of the Effective Time; plus
Appears in 1 contract
Samples: Coinsurance and Modified Coinsurance Agreement (Prudential Annuities Life Assurance Corp/Ct)
