Commutation Agreement means each Commutation Agreement by and among the Ambac Parties and each Commuting Policy Beneficiary in the form attached hereto as Exhibit D (with variations as provided in such form), executed and delivered (or, when referred to prior to the Closing, contemplated hereby to be executed and delivered) at the Closing.
Commutation Agreement means any agreement, contract, undertaking, commitment, instrument or other arrangement, including an Insurance Agreement, whether or not contained in a written contract, pursuant to which an Insurance Agreement is commuted, recaptured or otherwise terminated.
Commutation Agreement has the meaning given to such term in the Recitals.
Examples of Commutation Agreement in a sentence
Notwithstanding anything herein to the contrary, all transactions that are deemed to occur by reason of the Section 338(h)(10) Election and the transactions contemplated by the Commutation Agreement, shall in each case, be treated as occurring in the Pre-Closing Tax Period and all items of income, gain, loss, deduction and expense recognized by the Acquired Companies in connection with such deemed or actual transactions shall be allocable to the Pre-Closing Tax Period.
More Definitions of Commutation Agreement
Commutation Agreement means that certain Commutation and Release Agreement by and between All and Maiden Re entered into on the date hereof. "Commuted Covered Losses" means all losses and related amounts under the Existing Quota Share Agreement that are commuted under the Commutation Agreement, as and when such losses are paid or settled by All or its Affiliates, provided that such losses and other related amounts shall not exceed $312,785,677. "Commuted Reserves" means the aggregate amount of gross reserves of All allocable to losses and related amounts under the Existing Quota Share Agreement that are commuted under the Commutation Agreement, less Third Party Reinsurance Recoverables allocable to such losses and related amounts, in each case calculated in accordance with GAAP, provided that such aggregate amount shall not exceed $312,785,677. "Company Trust Account" has the meaning set fo rth in Post-Termination Endorsement No. I. "Covered Losses" means those Claims payable by Maiden Re after the Effective Time under the Existing Quota Share Agreement with respect to the Underlying Business, including all amounts payable in respect of allocated loss adjustment expenses, excess of policy lim it payments and extra contractual obligations, but limited to those Claims incurred (whether or not reported) on or before December 31, 2018. For the avoidance of doubt, Covered Losses shall not include (i) any Claims under the Existing Quota Share Agreement incurred after December 31, 2018, and (ii) any Excluded Liabilities. "Disputed Item" bas the meaning set forth in Section 5.4(e). "Effective Date" means Janua1y 1, 2019. "Effective T ime" means 12:01 a.m. Eastern time on the Effective Date. "Excess Funding Requirement" has the meaning set forth in Post-Termination Endorsement No. I. 4 \ PH . IX3029.'000IS3 . fl 1926 v29
Commutation Agreement has the meaning set forth in Section 4.16.
Commutation Agreement means that certain Commutation Agreement the form of which is attached as Exhibit A.
Commutation Agreement means the Commutation Agreement between Economy and Seller, substantially in the form attached hereto as Exhibit D.
Commutation Agreement has the meaning given to such term in the Recitals. “Competing Businesses” has the meaning given to such term in Section 5.13. “Competing Person” has the meaning given to such term in Section 5.13(e). “Condition Satisfaction” has the meaning given to such term in Section 2.06. “Confidentiality Agreement” has the meaning given to such term in Section 5.04(a). “Data Input Inaccuracies” means inaccuracies or omissions to the extent arising from (i) the inputting of factual data relating to the Group Contracts or (ii) the coding, compilation or aggregation of such factual data in connection with such inputting. “Deductible” has the meaning given to such term in Section 10.03(a). “Discretionary Turnover Allowance” has the meaning given to such term in Section 5.11(b)(i)(B). “Distribution Agreement” has the meaning given to such term in the Recitals. “Effective Time” means 12:00:01 a.m. on the first calendar day of the month in which the Closing occurs. “Employee” means each employee of Seller or any of its Affiliates whose name is set forth on Section 6.01(a)(i) of the Seller Disclosure Schedule, as such section of the Seller Disclosure Schedule may be updated in accordance with Section 6.01(a). For the avoidance of doubt, such section of the Seller Disclosure Schedule shall include such employees who as of the Closing Date are actively employed as well as such employees who are (i) on a leave of absence (including temporary leave for purposes of jury or military duty, maternity or paternity leave, leave under the Family Medical Leave Act of 1993, approved personal leave or disability or medical leave), (ii) on a vacation or paid time off or (iii) hired by Seller or any of its Affiliates in accordance with the terms and conditions of the Employee Leasing Agreement. “Employee Benefit Plan” means each written or unwritten plan, policy, program, agreement and arrangement, other than a Business Employee Benefit Plan, whether covering a single individual or a group of individuals, that is (a) an “employee benefit plan” within the
Commutation Agreement has the meaning set forth in Section 9.6. ---------------------
Commutation Agreement means an agreement to commute a liability to a lump sum, as provided by section 87F.87E Compensation that may be commuted