Aggregate Remaining Limit of Liability definition

Aggregate Remaining Limit of Liability means the sum of the products of a) the Insurer's Deal Percentage as identified in the relevant Policy, or if not identified, 100%, multiplied by b) the Remaining Limit of Liability under each Relevant Policy (as the term "Remaining Limit of Liability" is defined herein or therein, as applicable).
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Aggregate Remaining Limit of Liability of a Subscribing Reinsurer means the sum of, with respect to each Reinsured Policy and corresponding Subscribing Reinsurance Contract, the products of (a) such Subscribing Reinsurer's percentage share under such Subscribing Reinsurance Contract, multiplied by (b) the Insurer's Deal Percentage as identified in the relevant Policy, or if not identified, 100%, multiplied by (c) the Remaining Limit of Liability under such Reinsured Policy (as the term "Remaining Limit of Liability" is defined therein).
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Aggregate Remaining Limit of Liability means the sum of the Remaining Limits of Liability under each Relevant Policy (as the term "Remaining Limit of Liability" is defined herein or therein, as applicable).
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Examples of Aggregate Remaining Limit of Liability in a sentence

  • Such Subscribing Reinsurer may not withdraw any funds from the Income Account that such Subscribing Reinsurer otherwise would be entitled to withdraw under the terms of the Trust Agreement unless the fair market value of the Assets on deposit in the Trust Account by that Subscribing Reinsurer (directly or by the payment of premium otherwise payable to that Subscribing Reinsurer into the Trust Account) exceeds one hundred percent (100%) of that Subscribing Reinsurer's Aggregate Remaining Limit of Liability.

  • Any and all premiums payable under this Contract to such Subscribing Reinsurer shall be paid by the Company to the Trust Account of such Subscribing Reinsurer until such time as the fair market value of the Assets on deposit therein is equal to such Subscribing Reinsurer's Aggregate Remaining Limit of Liability.

  • Each Set-up File is made available to the Reinsurer in respect of the Policy pursuant to paragraph B of the Reports and Remittances Article, with respect to the Fill-up Pool, the Reinsurer shall contribute such additional collateral to the Trust Account as is required hereunder after giving effect to any increase in the Insurer's Limit of Liability under the Policy, the Aggregate Remaining Limit of Liability, or any other item resulting therefrom.

  • Within ten (10) business days following the date each Set-up File is made available to the Insurer in respect of this Policy, the Insurer shall contribute such additional collateral to the Trust Account as is required hereunder after giving effect to any increase in the Insurer's Limit of Liability under the Policy, the Aggregate Remaining Limit of Liability, or any other item resulting therefrom.

  • Within ten (10) business days following the date each Set-up File is made available to the Reinsurer in respect of the Policy pursuant to paragraph B of the Reports and Remittances Article, the Reinsurer shall contribute such additional collateral to the Trust Account as is required hereunder after giving effect to any increase in the Insurer's Limit of Liability under the Policy, the Aggregate Remaining Limit of Liability, or any other item resulting therefrom.

Related to Aggregate Remaining Limit of Liability

  • Limit of Liability means, with respect to any Insuring Agreement, the limit of liability of the Underwriter for any Single Loss covered by such Insuring Agreement as set forth under the heading “Limit of Liability” in Item 3 of the Declarations or in any Rider for such Insuring Agreement.

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

  • Monthly Uptime Percentage means total number of minutes in a calendar month minus the number of minutes of Downtime suffered in a calendar month, divided by the total number of minutes in a calendar month.

  • Actual Contribution Percentage means, with respect to a Plan Year, the ratio (expressed as a percentage) of the sum of the amount of (a) Matching Contributions, (b) After-Tax Contributions, (c) Qualified Nonelective ESOP Contributions, and (d) Tax Deferred Contributions recharacterized as After-Tax Contributions, made on behalf of the Participant for the Plan Year to the Participant’s Testing Compensation for the Plan Year.

  • Facility Limit means, $175,000,000, as reduced or increased from time to time pursuant to the terms hereof. References to the unused portion of the Facility Limit shall mean, at any time of determination, an amount equal to (x) the Facility Limit at such time, minus (y) the Aggregate Capital at such time.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Aggregate Limit shall have the meaning assigned to such term in Section 1.1 hereof.

  • Termination Amount has the meaning set forth in Section 7.02(a).

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Maximum Daily Limit means the maximum allowable "Daily Concentration" (defined above) when expressed as a concentration (e.g. mg/l), otherwise, it means the maximum allowable "Daily Quantity" as defined above, unless it is expressed as a flow quantity. If expressed as a flow quantity it means "Maximum Daily Flow" as defined in Section 22a-430-3(a) of the RCSA.

  • Cumulative Loss Amount means the sum of the Monthly Loss Amounts less the sum of all Recovery Amounts.

  • Credit Amount has the meaning set forth in Section 4.01(b)(ii).