Premium Recalculation Sample Clauses

Premium Recalculation. 1. If the CEDING COMPANY is unable to offer the Enhanced Benefit before August 1, 2000, for Venture Vantage, or before June 1, 2000 for Venture Strategy, but does offer it before January 1, 2001, the REINSURER will provide coverage under this Agreement but reserves the right to recalculate the reinsurance premiums applicable to this benefit. The recalculated premiums may not increase above 20% of the values shown in Exhibit II.
Sample 1
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Premium Recalculation. If the CEDING COMPANY is unable to offer the Enhanced Benefit before August 1, 2000, for Venture Vantage, or before June 1, 2000 for Venture Strategy, but does offer it before January 1, 2001, the REINSURER will provide coverage under this Agreement but reserves the right to recalculate the reinsurance premiums applicable to this benefit. The recalculated premiums may not increase above 20% of the values shown in Exhibit II. - The CEDING COMPANY must notify the REINSURER at least two weeks prior to the scheduled rollout date of the Enhanced Benefit in order for the REINSURER to determine final prices for the Enhanced Benefit. - The CEDING COMPANY may allow contracts issued on or after May 1, 2000, to elect the Enhanced Benefit once it becomes available. These elections must be made within thirty (30) days of the rollout date, but not after December 31, 2000, in order to be covered under this Agreement. The benefit will be retroactive to the issue date of the contract. - For the months elapsed since the inception of the Agreement until the month of the inforce election, any necessary "true-up" will be paid or credited. If the volume of inforce elections exceeds one-hundred-million dollars ($100,000,000) of net considerations, the REINSURER reserves the right to recalculate the reinsurance premiums at this time to be applied to any additional inforce elections. The recalculated premiums have no guaranteed limits above which they will not increase. Manu LIC NA Agreement No. 2000- 14 DB Effective May 1, 2000 Page 8
Sample 1

Related to Premium Recalculation

  • Subsequent Recalculation In the event the Internal Revenue Service adjusts the computation of the Company under Section 5.2 herein so that the Executive did not receive the greatest net benefit, the Company shall reimburse the Executive for the full amount necessary to make the Executive whole, plus a market rate of interest, as determined by the Committee, within 30 days after such adjustment.

  • Yield Calculation The Bank will compute the performance results of the Fund (the "Yield Calculation") in accordance with the provisions of Release No. 33-6753 and Release No. IC-16245 (February 2, 1988) (the "Releases") promulgated by the Securities and Exchange Commission, and any subsequent amendments to, published interpretations of or general conventions accepted by the staff of the Securities and Exchange Commission with respect to such releases or the subject matter thereof ("Subsequent Staff Positions"), subject to the terms set forth below:

  • Calculation Each of the foregoing ratios and financial requirements shall be calculated as of the last day of each Fiscal Quarter.

  • Determination Date Calculations; Application of Available Funds (a) On each Determination Date, the Servicer shall calculate the following amounts:

  • Interest Calculation Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balance.

  • Interest Rates Payments and Calculations (a) Interest Rate. -------------

  • Calculation Dates The interest rate applicable to each Interest Reset Period will be determined by the Calculation Agent on or prior to the Calculation Date (as defined below), except with respect to LIBOR, which will be determined on the particular Interest Determination Date. Upon request of the Holder of a Floating Rate Note, the Calculation Agent will disclose the interest rate then in effect and, if determined, the interest rate that will become effective as a result of a determination made for the next succeeding Interest Reset Date with respect to such Floating Rate Note. The “Calculation Date”, if applicable, pertaining to any Interest Determination Date will be the earlier of: (1) the tenth calendar day after the particular Interest Determination Date or, if such day is not a Business Day, the next succeeding Business Day; or (2) the Business Day immediately preceding the applicable Interest Payment Date or the Maturity Date, as the case may be.

  • Calculation of CP Costs On the third Business Day immediately preceding each Settlement Date, each Conduit shall calculate the aggregate amount of its Conduit Costs for the related Settlement Period and shall notify Seller of such aggregate amount.

  • Financial Covenant Calculations The parties hereto acknowledge and agree that, for purposes of all calculations made in determining compliance for any applicable period with the financial covenants set forth in Section 6.7 and for purposes of determining the Applicable Margin, (i) after consummation of any Permitted Acquisition, (A) income statement items and other balance sheet items (whether positive or negative) attributable to the target acquired in such transaction shall be included in such calculations to the extent relating to such applicable period (including by adding any cost saving synergies associated with such Permitted Acquisition in a manner reasonably satisfactory to the Agent), subject to adjustments mutually acceptable to Borrowers and the Agent and (B) Indebtedness of a target which is retired in connection with a Permitted Acquisition shall be excluded from such calculations and deemed to have been retired as of the first day of such applicable period and (ii) after any Disposition permitted by Section 6.8), (A) income statement items, cash flow statement items and balance sheet items (whether positive or negative) attributable to the property or assets disposed of shall be excluded in such calculations to the extent relating to such applicable period, subject to adjustments mutually acceptable to Borrowers and the Agent and (B) Indebtedness that is repaid with the proceeds of such Disposition shall be excluded from such calculations and deemed to have been repaid as of the first day of such applicable period.

  • Minimum Debt Service Coverage Ratio As of the end of each fiscal quarter, commencing with the fiscal quarter ending June 30, 2021, the Borrowers shall not permit the Debt Service Coverage Ratio, determined on a consolidated basis for the Consolidated Parties, to be less than 2.00 to 1.00.

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