Common use of Retention Multiple Clause in Contracts

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2018/2019 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) The Retention Multiple shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 5 contracts

Samples: Reimbursement Contract, Reimbursement Contract (HCI Group, Inc.), Reimbursement Contract (FEDERATED NATIONAL HOLDING Co)

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Retention Multiple. (a) The Retention Multiple is applied to the Company’s 's Reimbursement Premium to determine the Company’s 's Retention. The Retention Multiple for the 2018/2019 2011/2012 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 2009/2010 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) The Retention Multiple as determined under (29)(a) above shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 5 contracts

Samples: Reimbursement Contract (United Insurance Holdings Corp.), Reimbursement Contract (United Insurance Holdings Corp.), Reimbursement Contract (United Insurance Holdings Corp.)

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2018/2019 2014/2015 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 2012/2013 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) The Retention Multiple as determined under (29)(a) above shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 3 contracts

Samples: Reimbursement Contract (United Insurance Holdings Corp.), Reimbursement Contract (HCI Group, Inc.), Reimbursement Contract (United Insurance Holdings Corp.)

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2018/2019 2016/2017 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 2014/2015 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) The Retention Multiple shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 3 contracts

Samples: Reimbursement Contract (HCI Group, Inc.), Reimbursement Contract (Federated National Holding Co), Reimbursement Contract (Federated National Holding Co)

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2018/2019 2017/2018 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 2015/2016 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) The Retention Multiple shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 3 contracts

Samples: Reimbursement Contract, Reimbursement Contract, Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2018/2019 2005-2006 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 2004/2005 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) The Retention Multiple as determined under (29)(a) above shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 2 contracts

Samples: Reimbursement Contract (Philadelphia Consolidated Holding Corp), Reimbursement Contract (Philadelphia Consolidated Holding Corp)

Retention Multiple. (a) The Retention Multiple is applied to the Company’s 's Reimbursement Premium to determine the Company’s 's Retention. The Retention Multiple for the 2018/2019 2004-2005 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBASBA unless the transitional option provided under Schedule 1 of this contract is chosen by June 1, 2004. (b) The Retention Multiple as determined under (28)(a) above shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a28)(a) above; 2. If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a28)(a) above; or 3. If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a28)(a) above.

Appears in 2 contracts

Samples: Reimbursement Contract (Philadelphia Consolidated Holding Corp), Reimbursement Contract (Philadelphia Consolidated Holding Corp)

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2018/2019 2011/2012 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 2009/2010 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) The Retention Multiple as determined under (29)(a) above shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 2 contracts

Samples: Reimbursement Contract (Homeowners Choice, Inc.), Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s 's Reimbursement Premium to determine the Company’s 's Retention. The Retention Multiple for the 2018/2019 2006/2007 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 2005/2006 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the FHCF-2006K Rule 19-8.010 F.A.C. estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) The Retention Multiple as determined under (29)(a) above shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 2 contracts

Samples: Reimbursement Contract (Philadelphia Consolidated Holding Corp), Reimbursement Contract (Philadelphia Consolidated Holding Corp)

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2018/2019 2010/2011 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 2008/2009 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) The Retention Multiple as determined under (29)(a) above shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 2 contracts

Samples: Reimbursement Contract (Homeowners Choice, Inc.), Reimbursement Contract (United Insurance Holdings Corp.)

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2017/2018 2018/2019 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2015/2016 2016/2017 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) The Retention Multiple shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 2 contracts

Samples: Reimbursement Contract, Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s 's Reimbursement Premium to determine the Company’s 's Retention. The Retention Multiple for the 2018/2019 2013/2014 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 2011/2012 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) The Retention Multiple as determined under (29)(a) above shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 1 contract

Samples: Reimbursement Contract (Federated National Holding Co)

Retention Multiple. (a) The Retention Multiple is applied to the Company’s 's Reimbursement Premium to determine the Company’s 's Retention. The Retention Multiple for the 2018/2019 2004-2005 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBASBA unless the transitional option provided under Schedule 1 of this contract is chosen by June 1, 2004. (b) The Retention Multiple as determined under (28)(a) above shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a28)(a) above; ; 2. If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a28)(a) above; or or 3. If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a28)(a) above.

Appears in 1 contract

Samples: Reimbursement Contract (Philadelphia Consolidated Holding Corp)

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s 's Retention. The Retention Multiple for the 2018/2019 2014/2015 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 2012/2013 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) The Retention Multiple shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 1 contract

Samples: Reimbursement Contract (Federated National Holding Co)

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2018/2019 2010/2011 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 2009/2010 2008/2009 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) The Retention Multiple as determined under (29)(a) above shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 1 contract

Samples: Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2018/2019 2008/2009 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 2007/2008 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) The Retention Multiple as determined under (29)(a) above shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above;; 6 FHCF-2008K 2. If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 1 contract

Samples: Reimbursement Contract (Homeowners Choice, Inc.)

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2018/2019 2013/2014 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 2011/2012 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) The Retention Multiple as determined under (29)(a) above shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 1 contract

Samples: Reimbursement Contract (United Insurance Holdings Corp.)

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2018/2019 2004-2005 Contract Year shall be equal to $4.5 4.5$3 billion, adjusted based upon the reported exposure for the 2016/2017 Contract Year to reflect the percentage growth in FHCF exposure to the FHCF for Covered Policies since 20041998, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBASBA unless the transitional option provided under Schedule 1 of this contract is chosen by June 1, 2004. (b) The Retention Multiple as determined under (28)(a) above shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a28)(a) above; 2. If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a28)(a) above; or 3. If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a28)(a) above.

Appears in 1 contract

Samples: Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s 's Reimbursement Premium to determine the Company’s 's Retention. The Retention Multiple for the 2018/2019 2012/2013 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 2010/2011 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) The Retention Multiple as determined under (29)(a) above shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 1 contract

Samples: Reimbursement Contract (21st Century Holding Co)

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2018/2019 2014/2015 Contract Year shall be equal to $4.5 [***] billion, adjusted based upon the reported exposure for the 2016/2017 2012/2013 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) The Retention Multiple as determined under (29)(a) above shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 1 contract

Samples: Reimbursement Contract (Heritage Insurance Holdings, Inc.)

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2018/2019 2012/2013 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 2010/2011 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) . The Retention Multiple as determined under (29)(a) above shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. : If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. ; If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. or If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 1 contract

Samples: Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s 's Reimbursement Premium to determine the Company’s 's Retention. The Retention Multiple for the 2018/2019 2014/2015 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 2012/2013 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) The Retention Multiple as determined under (29)(a) above shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 1 contract

Samples: Reimbursement Contract (Federated National Holding Co)

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Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2018/2019 2012/2013 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 2010/2011 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) The Retention Multiple as determined under (29)(a) above shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 1 contract

Samples: Reimbursement Contract (Homeowners Choice, Inc.)

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2018/2019 2014/2015 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 2012/2013 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) . The Retention Multiple shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. : If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. ; If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. or If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 1 contract

Samples: Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2018/2019 2016/20172017/2018 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 2014/20152015/2016 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) The Retention Multiple shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 1 contract

Samples: Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2018/2019 2019/2020 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 2017/2018 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level Coverage lLevel for the Contract Year as determined by the SBA. (b) The Retention Multiple shall be adjusted to reflect the reimbursement percentage Coverage Level elected by the Company under this Contract as follows: 1. If the Company elects a the 90% reimbursement percentagepercentage Coverage Level, the adjusted Retention Multiple is 100% of the amount determined under paragraph (29)(a) above; 2. If the Company elects a the 75% reimbursement percentagepercentage Coverage Level, the adjusted Retention Multiple is 120% of the amount determined under paragraph (29)(a) above; or 3. If the Company elects a the 45% reimbursement percentagepercentage Coverage Level, the adjusted Retention Multiple is 200% of the amount determined under paragraph (29)(a) above.

Appears in 1 contract

Samples: Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2018/2019 2014/2015 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 2012/2013 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) . The Retention Multiple as determined under (29)(a) above shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. : If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. ; If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. or If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 1 contract

Samples: Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2018/2019 2008/2009 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 2007/2008 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) The Retention Multiple as determined under (29)(a) above shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above;; 6 Rule 19-8.010 F.A.C. 2. If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 1 contract

Samples: Reimbursement Contract (United Insurance Holdings Corp.)

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2018/2019 2013/2014 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 2011/2012 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) . The Retention Multiple as determined under (29)(a) above shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. : If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. ; If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. or If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 1 contract

Samples: Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2018/2019 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) . The Retention Multiple shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. : If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. ; If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. or If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 1 contract

Samples: Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2018/2019 2016/2017 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 2014/2015 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) . The Retention Multiple shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. : If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. ; If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. or If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 1 contract

Samples: Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2018/2019 Contract Year shall be equal to $4.5 3 billion, adjusted based upon the reported exposure for the 2016/2017 Contract Year to reflect the percentage growth in FHCF exposure to the FHCF for Covered Policies since 20041998, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage Rreimbursement Ppercentage level for the Contract Year as determined by the SBA. (b) The Retention Multiple as determined under (2928)(a) above shall be adjusted to reflect the reimbursement percentage Rreimbursement Ppercentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentageRreimbursement Ppercentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a2928)(a) above; 2. If the Company elects a 75% reimbursement percentageRreimbursement Ppercentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a2928)(a) above; or 3. If the Company elects a 45% reimbursement percentageRreimbursement Ppercentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a2928)(a) above.

Appears in 1 contract

Samples: Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2018/2019 2004-2005 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBASBA unless the transitional option provided under Schedule 1 of this contract is chosen by June 1, 2004. (b) The Retention Multiple as determined under (28)(a) above shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a28)(a) above; 2. If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a28)(a) above; or 3. If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a28)(a) above.

Appears in 1 contract

Samples: Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2018/2019 2015/20162016/2017 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 2013/20142014/2015 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) The Retention Multiple shall be adjusted to reflect the reimbursement percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 1 contract

Samples: Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2018/2019 Contract Year shall be equal to $4.5 3 billion, adjusted based upon the reported exposure for the 2016/2017 Contract Year to reflect the percentage growth in FHCF exposure to the FHCF for Covered Policies since 20041998, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage Reimbursement Percentage level for the Contract Year as determined by the SBA. (b) The Retention Multiple as determined under (29)(a) above shall be adjusted to reflect the reimbursement percentage Reimbursement Percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentageReimbursement Percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. If the Company elects a 75% reimbursement percentageReimbursement Percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. If the Company elects a 45% reimbursement percentageReimbursement Percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 1 contract

Samples: Reimbursement Contract (Philadelphia Consolidated Holding Corp)

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2018/2019 2009/2010 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2016/2017 2008/2009 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% reimbursement percentage level for the Contract Year as determined by the SBA. (b) The Retention Multiple as determined under (29)(a) above shall be adjusted to reflect the 6 FHCF-2009K reimbursement percentage elected by the Company under this Contract as follows: 1. If the Company elects a 90% reimbursement percentage, the adjusted Retention Multiple is 100% of the amount determined under (29)(a) above; 2. If the Company elects a 75% reimbursement percentage, the adjusted Retention Multiple is 120% of the amount determined under (29)(a) above; or 3. If the Company elects a 45% reimbursement percentage, the adjusted Retention Multiple is 200% of the amount determined under (29)(a) above.

Appears in 1 contract

Samples: Reimbursement Contract (United Insurance Holdings Corp.)

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