MODIFICATION OF ALLOWANCES AND PRODUCT DESIGN Sample Clauses

MODIFICATION OF ALLOWANCES AND PRODUCT DESIGN. 1. All reinsurance premium rates and reinsurance expense allowances specified in this Agreement will be guaranteed until April 1, 2005 2. After April 1, 2005 the contracting parties shall annually review the actual acquisition and maintenance expense experience to determine if any modifications to the reinsurance expense allowances as shown on Schedule D are required. Any such changes to the allowances would reflect the change in the actual expense experience as consistently allocated. Also, any changes would reflect the intention of the contracting parties to share the expenses consistent with the quota share percentage shown in Schedule B. The revised expense allowances would apply to all business.
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MODIFICATION OF ALLOWANCES AND PRODUCT DESIGN. After December 31, 2001, and NLV may negotiate modifications to the terms of this Agreement. Requested modifications will only apply to new business and will be implemented only upon mutual agreement in writing. If new terms are not mutually agreed to in writing within one hundred and eighty (180) days after the date of the proposal of the new reinsurance arrangement, this Agreement will terminate with respect to such new business. If at any time prior to December 31, 2000, XXX substantively changes product features or charges for new issues and has done so for the products offered through its career distribution system, NLV and shall negotiate in good faith modifications to the terms of this agreement reasonably proportionate to those applicable for the initial Contracts, taking into account the margins associated with such changes. If new terms are not mutually agreed to in writing within ninety (90) days after the date of the proposal of the new reinsurance arrangement, this Agreement will terminate with respect to the affected product. NLV expressly agrees that this article will be used in good faith and not as a method to terminate this reinsurance agreement.
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MODIFICATION OF ALLOWANCES AND PRODUCT DESIGN. 1. All reinsurance premium rates and reinsurance expense allowances specified in this Agreement will be guaranteed until November 1, 1996. 2. After November 1, 1996, we reserve the right to examine the actual to expected experience of the business and revise the reinsurance premium rates and reinsurance expense allowances. You agree to provide, upon request, any report or information reasonably required by us to make the examination. 3. You may also review the experience to determine your expected profit based on actual experience to determine if any modifications are required. The modifications allowed may include upon your request an increase in policy cost factors, or changes in compensation, reinsurance expense allowance, underwriting practices, or any other aspect of the reinsurance arrangement.
Sample 1
MODIFICATION OF ALLOWANCES AND PRODUCT DESIGN. 1. All reinsurance premium rates and reinsurance expense allowances specified in this Agreement will be guaranteed until April 1, 2005. 2. After April 1, 2005, the contracting parties shall annually review the actual acquisition and maintenance expense experience to determine if any modifications to the reinsurance expense allowances as shown on Schedule D are required. Any such changes to the allowances would reflect the change in the actual expense experience as consistently allocated. Also, any changes would reflect the intention of the contracting parties to share the expenses consistent with the quota share percentage shown in Schedule B. The revised expense allowances would apply to all business. 3. The contracting parties shall periodically review bond default experience to determine if any modifications to the yield adjustment factors in section H are required. Any such changes to the yield adjustment factors may be influenced by actual company experience or general market trends. The revised yield adjustment factors would apply to all assets.
Sample 1
MODIFICATION OF ALLOWANCES AND PRODUCT DESIGN. 1. All reinsurance premium rates and reinsurance expense allowances specified in this Agreement will be guaranteed until April 1, 2005. 2. After April 1, 2005, the contracting parties shall annually review the actual acquisition and maintenance expense experience to determine if any modifications to the reinsurance expense allowances as shown on Schedule D are required. Any such changes to the allowances would reflect the change in the actual expense experience as consistently allocated. Also, any changes would reflect the intention of the contracting parties to share the expenses consistent with the quota share percentage shown in Schedule B. The revised expense allowances would apply to all business. 3. The contracting parties shall periodically review bond default experience to determine if any modifications to the yield adjustment factors in section H are required. Any such changes to the yield adjustment factors may be influenced by actual company experience or general market trends. The revised yield adjustment factors would apply to all assets. 4. Requested product modifications will be implemented only upon mutual agreement. During the Initial Term of this Agreement, if new terms are not mutually agreed to within one hundred and eighty (180) days after the date the proposal of the new product design changes is made, the contracting parties agree to resolve any dispute about proposed or requested modifications of product design by arbitration pursuant to Article XIV of this Agreement. After the Initial Term, if new terms are not mutually agreed to within one hundred and eighty (180) days after the date any product design changes are proposed, this Agreement will terminate. 5. Nothing in this Agreement will be construed as limiting the right of either company to request the redesign of the products reinsured under this treaty. Examples of reasons that might cause us to request such a redesign include, but would not be limited to: adjusting pricing to take into account emerging experience that is more favorable than that assumed in the pricing; adjusting pricing to compensate for any adverse deviations from pricing assumptions; or accommodating new financial objectives.
Sample 1

Related to MODIFICATION OF ALLOWANCES AND PRODUCT DESIGN

  • Modification of Allocations The provisions of Articles X and XI and other provisions of this Agreement are intended to comply with Treasury Regulations Section 1.704 and shall be interpreted and applied in a manner consistent with such section of the Treasury Regulations. In the event that the General Partner determines, in its sole discretion, that it is prudent to modify the manner in which the Capital Accounts of the Partners, or any debit or credit thereto, are computed in order to comply with such section of the Treasury Regulations, the General Partner may make such modification, but only with the Consent of the Special Limited Partner, to the minimum extent necessary, to effect the plan of allocations and Distributions provided for elsewhere in this Agreement. Further, the General Partner shall make any appropriate modifications, but only with the Consent of the Special Limited Partner, in the event it appears that unanticipated events (e.g., the existence of a Partnership election pursuant to Code Section 754) might otherwise cause this Agreement not to comply with Treasury Regulation Section 1.704.

  • ALTERATION OF AGREEMENT A. It is hereby agreed that any alteration or modification of this Agreement shall be binding upon the parties only if agreed to in writing by both parties. B. The waiver of any condition of this Agreement by either party shall not constitute a precedent in the future enforcement of all terms and conditions herein.

  • ALTERATIONS & IMPROVEMENTS Tenant shall not make any alterations, additions or improvements or do any type of construction to the Property without first obtaining Landlord's written consent. Unless prior written agreement is reached between Tenant and Landlord, any such alterations, additions, improvements or construction shall become part of the Property and shall remain at the expiration of Tenant's Lease term. If Landlord approves of alterations, additions, improvements or construction in writing and Tenant intends to use contractors to undertake such work, the contractors must first be approved in writing by Landlord. Tenant must also place any funds to cover the amount of any alterations, additions, improvements or construction in an escrow account approved by Landlord before the commencement of the work. Landlord shall designate the times and manner of the work being done, exclusively.

  • Selection of Subcontractors, Procurement of Materials and Leasing of Equipment The contractor shall not discriminate on the grounds of race, color, religion, sex, national origin, age or disability in the selection and retention of subcontractors, including procurement of materials and leases of equipment. The contractor shall take all necessary and reasonable steps to ensure nondiscrimination in the administration of this contract. a. The contractor shall notify all potential subcontractors and suppliers and lessors of their EEO obligations under this contract. b. The contractor will use good faith efforts to ensure subcontractor compliance with their EEO obligations.

  • Modification of Agreement This Agreement may be modified, amended, suspended or terminated, and any terms or conditions may be waived, but only by a written instrument executed by the parties hereto.

  • DEVELOPMENT OR ASSISTANCE IN DEVELOPMENT OF SPECIFICATIONS REQUIREMENTS/ STATEMENTS OF WORK

  • Alterations, Modifications and Additions Company will, or will cause a Permitted Lessee to, make (or cause to be made) such alterations and modifications in and additions to the Airframe and the Engines as are required from time to time to meet the applicable requirements of the FAA or any applicable government of any other jurisdiction in which the Aircraft is then registered; except for (i) immaterial and non-recurring violations with respect to which corrective measures are being taken promptly by Company (or, if a Lease is then in effect, any Permitted Lessee) upon discovery thereof and (ii) any law, rule, regulation or order the validity or application of which is being contested in good faith by Company (or, if a Lease is then in effect, any Permitted Lessee) in any manner which does not involve any material risk of sale, loss or forfeiture of the Aircraft and does not materially adversely affect Loan Trustee’s interest in the Aircraft. In addition, Company (or any Permitted Lessee), at its own expense, may from time to time add further parts or accessories and make or cause to be made such alterations and modifications in and additions to the Airframe or any Engine as Company (or any Permitted Lessee) deems desirable in the proper conduct of its business, including, without limitation, removal (without replacement) of Parts; provided that no such alteration, modification or addition shall materially diminish the value or utility of the Airframe or such Engine below its value or utility immediately prior to such alteration, modification or addition, assuming that the Airframe or such Engine was then in the condition required to be maintained by the terms of this Indenture, except that the value (but not the utility) of the Airframe or any Engine may be reduced by the value of any such Parts that are removed that Company (or such Permitted Lessee) deems obsolete or no longer suitable or appropriate for use on the Airframe or any Engine. For the avoidance of doubt, Company may make alterations in the passenger configuration of the Aircraft and such alterations shall not be subject to the immediately preceding sentence. All Parts incorporated or installed in or attached or added to the Airframe or any Engine as the result of such alteration, modification or addition shall, without further act, be subject to the Lien of this Indenture. Notwithstanding the foregoing, Company (or any Permitted Lessee) may, at any time, remove any Part from the Airframe or any Engine if such Part: (i) is in addition to, and not in replacement of or substitution for, any Part originally incorporated or installed in or attached to the Airframe or such Engine at the time of delivery thereof to Company or any Part in replacement of, or substitution for, any such Part, (ii) is not required to be incorporated or installed in or attached or added to the Airframe or such Engine pursuant to the first sentence of this Section 7.04(c) and (iii) can be removed from the Airframe or such Engine without materially diminishing the value or utility required to be maintained by the terms of this Indenture that the Airframe or such Engine would have had had such Part never been installed on the Airframe or such Engine. Upon the removal by Company (or any Permitted Lessee) of any Part as permitted by this Section 7.04(c), such removed Part shall, without further act, be free and clear of all rights and interests of Loan Trustee and the Lien of this Indenture and shall no longer be deemed a Part hereunder. Upon request of Company from time to time, Loan Trustee shall execute and deliver to Company instruments reasonably requested by Company confirming the release of any such removed Part from the Lien of this Indenture. Loan Trustee acknowledges that it has no interest in the Excluded Equipment. Notwithstanding the provisions of this Section 7.04(c) or any other term or condition of this Indenture, Company (or any Permitted Lessee) may from time to time install on, and remove from, the Aircraft equipment that is owned by, leased to or conditionally sold to Company (or any Permitted Lessee) (and title to such equipment shall remain vested in Company, such Permitted Lessee, or the lessor or the conditional vendor thereof) if (1) such equipment is Excluded Equipment and (2) the location affected by any such removal, if damaged, is repaired prior to return, in a workmanlike manner, to a condition suitable for commercial passenger service; provided that all costs of installation, removal and replacement shall be the responsibility of Company.

  • System Upgrade Facilities and System Deliverability Upgrades Connecting Transmission Owner shall design, procure, construct, install, and own the System Upgrade Facilities and System Deliverability Upgrades described in Appendix A hereto. The responsibility of the Developer for costs related to System Upgrade Facilities and System Deliverability Upgrades shall be determined in accordance with the provisions of Attachment S to the NYISO OATT.

  • Contractor Changes The Contractor shall notify DAS in writing no later than ten (10) Days from the effective date of any change in: a. its certificate of incorporation or other organizational document; b. more than a controlling interest in the ownership of the Contractor; or c. the individual(s) in charge of the Performance. This change shall not relieve the Contractor of any responsibility for the accuracy and completeness of the Performance. DAS, after receiving written notice by the Contractor of any such change, may require such agreements, releases and other instruments evidencing, to DAS’s satisfaction, that any individuals retiring or otherwise separating from the Contractor have been compensated in full or that provision has been made for compensation in full, for all work performed under terms of the Contract. The Contractor shall deliver such documents to DAS in accordance with the terms of DAS’s written request. DAS may also require, and the Contractor shall deliver, a financial statement showing that solvency of the Contractor is maintained. The death of any Contractor Party, as applicable, shall not release the Contractor from the obligation to Perform under the Contract; the surviving Contractor Parties, as appropriate, must continue to Perform under the Contract until Performance is fully completed.

  • Ordering Guidelines and Processes 1.13.1 For information regarding Ordering Guidelines and Processes for various Network Elements, Combinations and Other Services, PLI should refer to the “Guides” section of the BellSouth Interconnection Web site, which is incorporated herein by reference, as amended from time to time. The Web site address is: http//xxx.xxxxxxxxxxxxxxx.xxxxxxxxx.xxx/. 1.13.2 Additional information may also be found in the individual CLEC Information Packages, which are incorporated herein by reference, as amended from time to time, located at the “CLEC UNE Products” Web site address: xxxx://xxx.xxxxxxxxxxxxxxx.xxxxxxxxx.xxx/guides/html/unes.html. 1.13.3 The provisioning of Network Elements, Combinations and Other Services to PLI’s Collocation Space will require cross-connections within the central office to connect the Network Element, Combinations or Other Services to the demarcation point associated with PLI’s Collocation Space. These cross-connects are separate components that are not considered a part of the Network Element, Combinations or Other Services and, thus, have a separate charge pursuant to this Agreement.

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