Brokerage Business Pool definition

Brokerage Business Pool means Brokerage Business written by or on behalf of the Participating Companies or assumed by a Participating Company (including such business assumed by TICNY from its affiliates), that is pooled and allocated to each of the Participating Companies based upon their Pooling Percentage as set forth in this Pooling Agreement.
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Examples of Brokerage Business Pool in a sentence

  • TICNY, as pool manager, shall negotiate, obtain and maintain such Pool Reinsurance as it deems appropriate with respect to the liabilities of the Brokerage Business Pool, which reinsurance shall inure to the benefit of the Participating Companies according to their respective Pooling Percentages.

  • The Participating Companies acknowledge that, following the acceptance or retention of a percentage of the Brokerage Business Pool by a Participating Company, such pooled business shall be subject to such reinsurance as may be entered into by such Participating Company on or after the Effective Date that is for the benefit of such Participating Company as to its participation in the Brokerage Business Pool and does not inure to the benefit of the Brokerage Business Pool.

  • The balance shown to be due a Participating Company shall be remitted within fifteen (15) days after the issuance of the reports by TICNY on a collected basis; provided that TICNY may retain, as manager, a reserve out of amounts otherwise due CPIC for the payment of amounts reasonably estimated by TICNY to be payable during the next sixty (60) days by the Brokerage Business Pool and allocable to CPIC hereunder.

  • Notwithstanding paragraph A above, this Pool Management Agreement may be terminated immediately with respect to new or renewal business (a) at any time by mutual consent in writing by each of the Participating Companies or (b) as of the close of a calendar quarter, upon not less than sixty (60) days prior written notice by a Participating Company to the other Participating Company of such Participating Company’s exercise of its right to terminate its participation in the Brokerage Business Pool.

  • Retrieved 14th May 2019 from www.thestatesmanonline.com/pages/news-detail.php?section.

  • TICNY shall establish the Brokerage Business Pool, which shall consist of the premiums and Net Liability under all Brokerage Business written or assumed by TICNY and CPIC (including business assumed by TICNY pursuant to this Pooling Agreement).

  • The balance shown to be due a Participating Company shall be remitted within fifteen (15) days after the issuance of the reports by TICNY on a collected basis; provided that TICNY may retain, as manager, a reserve out of amounts otherwise due TNIC and CPIC for the payment of amounts reasonably estimated by TICNY to be payable during the next sixty (60) days by the Brokerage Business Pool and allocable to TNIC and CPIC hereunder.

  • Either Tower or CPIC may terminate their respective participation in the Brokerage Business Pool as of the date thirty six (36) months after the Effective Date and thereafter as of the close of a calendar quarter by giving at least six (6) months prior written notice to the other party by certified or registered mail.

  • A Participating Company may terminate its respective participation in the Brokerage Business Pool as of the date that is forty-eight (48) months after the Effective Date and thereafter as of the close of a calendar quarter by giving at least six (6) months prior written notice to the other party by certified or registered mail.

  • A Participating Company may terminate its respective participation in the Brokerage Business Pool as of the date that is forty-eight (48) months after the Effective Date.

Related to Brokerage Business Pool

  • Initial Business Plan means the business plan to be provided by the Franchisee to the Secretary of State as described in paragraph 2.1 of Schedule 13 (Information and Industry Initiatives);

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Closing Date Business Plan means the set of Projections of Borrowers for the 3 year period following the Closing Date (on a year by year basis, and for the 1 year period following the Closing Date, on a month by month basis), in form and substance (including as to scope and underlying assumptions) satisfactory to Agent.

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and the sale of homes and related real estate activities, including the provision of mortgage financing or title insurance.

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which –

  • Eligible business means a business located within the counties of Cook, DuPage, Kane, Lake, McHenry or Will in the State of Illinois (the “Six County Region”), and as to which: (1) a majority of the business' fleet is located and used within the Six County Region; and (2) a majority of those vehicles located and used within the Six County Region are alternatively powered vehicles.

  • Active business operations means all business operations that are not inactive business operations.

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • Annual Business Plan means the development plan and budget report for Party B’s Business in the next calendar year which is prepared by Party B with the assistance of Party A pursuant to this Agreement before November 30 of each year.

  • Inactive business operations means the mere continued holding or renewal of rights to property previously operated for the purpose of generating revenues but not presently deployed for such purpose.

  • Gross estate means the gross estate, for federal estate tax purposes.

  • Acquired Companies means, collectively, the Company and the Company Subsidiaries.

  • Acquired Company means any business, corporation or other entity acquired by the Company or any Subsidiary.

  • Acquired Entities means the Company and each of its Subsidiaries, collectively.

  • Valid business purpose means one or more business purposes that alone or in combination

  • Target Companies means the Company and its Subsidiaries.

  • Real Estate-Related Assets means any investments by the Company or the Operating Partnership in Mortgages and Real Estate-Related Securities.

  • Ohio Business Gateway means the online computer network system, created under section 125.30 of the Ohio Revised Code, that allows persons to electronically file business reply forms with state agencies and includes any successor electronic filing and payment system.

  • Excluded Businesses has the meaning set forth in Schedule 1.

  • Project Companies means all Group Project Companies and Non-Group Project Companies together, each being a “Project Company”.

  • Contributed Assets shall have the meaning as set forth in Section 2.2.

  • Related to the Business means required for, primarily related to, or used primarily in connection with, the Business as conducted by the Sellers as of the date hereof and prior to the Closing.

  • Affiliated business entity relationship means a relationship, other than a parent- subsidiary relationship, that exists when