Ceding Allowance definition

Ceding Allowance shall have the meaning set forth in Section 5.02.
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Ceding Allowance. The ceding allowance payable to the Company by the Reinsurer is $13,000,000 for 50% of the Losses and Premium under Policies on and after the Effective Date.
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Examples of Ceding Allowance in a sentence

  • Such reports will include information on the amount of Reinsurance Premiums, Ceding Allowance, Acquisition Expense, Expense Allowance, Benefit Payments, Modified Coinsurance Reserve, Coinsurance Reserve, Interest Maintenance Reserve, Funds Withheld Investment Credit and Funds Withheld Balance.

  • The parties intend that upon the occurrence of the Third Amendment Closing Date, the Third Amendment Ceding Allowance will be adjusted in accordance with the provisions of Annex D-1 hereto.

  • The Ceding Allowance shall be credited to Company as a reduction (in this case, as an increase) in the Reinsurance Consideration in accordance with Section 3.1, above.

  • In the initial settlement, the Reinsurer shall pay the aggregate Initial Ceding Allowance for each applicable Block and the parties shall settle all other items due to or from each other, with respect to the Block, for the period from the first Effective Date of that Block through the calendar month-end on or prior to Initial Settlement Date (Settlement Period) in the following manner.

  • Company shall be entitled to a Ceding Allowance of two percent (2.00%) of paid premium for the Policies, inclusive of all Policy and associated rider premium and fees.

  • On the Effective Date of this Agreement, the Company agrees to pay the Reinsurer pursuant to the terms of the Custodial Agreement as a reserve transfer an amount equal to the adjusted net reserves, on the Effective Date of this Agreement with respect to the liabilities reinsured as of such date and described in Schedule A, less the amount of the Ceding Allowance, as defined below, which the Company shall retain as its Ceding Allowance.

  • The Treaty provides CRLIC with a $10 million Initial Ceding Allowance on the Company's inforce and new business written during 1997 under the policy forms outlined in Schedule A with adjustment to the Settlement Date which will be on or before December 31, 1997.

  • The Reinsurer shall pay the Company the Initial Ceding Allowance as defined in Schedule D.

  • Initial Reinsurance Premium The Initial Reinsurance Premium, which is the initial consideration for this agreement shall be equal to the Net Policy Reserves less an Initial Ceding Allowance equal to fifteen million dollars ($15,000,000) on the Coinsurance Effective Date.

  • MIAD is nonetheless committed to investigating and resolving all alleged and suspected violations of this Policy pursuant to the procedures herein to the fullest extent possible.

Related to Ceding Allowance

  • NOx Allowance means an authorization to emit a specified amount of NOx that is allocated or issued under an emissions trading or marketable permit program of any kind that has been established under the Clean Air Act or a state implementation plan.

  • training allowance means an allowance (whether by way of periodical grants or otherwise) payable—

  • Retirement allowance means the retirement payments to which a member is entitled.

  • disability living allowance means a disability living allowance under section 71 of the SSCBA;

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Preferred Allowance means the amount a Preferred Provider will accept as payment in full for Covered Medical Expenses.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Tenant Improvement Allowance in the maximum amount of $200.00 per rentable square foot in the Premises, which is included in the Base Rent set forth in the Lease; and

  • PHARMACY ALLOWANCE means the lower of:

  • subsistence allowance means an allowance which an employment zone contractor has agreed to pay to a person who is participating in an employment zone programme;

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

  • Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.

  • Fixed Allowances For the purpose of this guarantee and for the purpose of establishing compliance with this guarantee, the following shall be used as fixed quantities and allowances: Operational Empty Weight minus Tare, OEW: 350,000 Pounds Takeoff and Climbout Maneuver: Fuel 3,230 Pounds Distance 7 Nautical Miles Usable reserve fuel remaining upon completion of the approach and landing maneuver: 30,000 Pounds

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Utility Allowance means a monthly allowance, as provided by the local public housing authority or as otherwise allowed by HUD rules and the GLO rules, for utilities and services (excluding telephone services) to be paid by the tenant.

  • Rent Expense means, for any Person for any period of determination, such Person’s operating lease expense computed in accordance with GAAP, including, without limitation, all contingent rentals, but excluding all common area maintenance expenses.

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $24 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per Sq Ft First Floor Per Sq Ft Drive Thru Total Per Annum Total Per Month 1 $ 24 $ 7.50 $ 101,286 $ 8,440.50

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Past Due Rent Payment is defined in Section 2.2(g).

  • Allowance means compensation payable to an employee in addition to his regular remuneration payable for the performance of the duties of his position;

  • Annuity Payments The series of payments made to the Owner or any named payee after the Annuity Date under the Annuity Option selected. ANNUITY PERIOD: The period of time beginning with the Annuity Date during which Annuity Payments are made.

  • Credit allowance date means with respect to any qualified equity investment:

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.