Commutation Effective Time definition

Commutation Effective Time means the Division Effective Time, but without giving effect to the Division.
Sample 1Sample 2Sample 3
Commutation Effective Time has the meaning given to it in the Term of this Agreement Article.
Sample 1

Examples of Commutation Effective Time in a sentence

  • As of the Commutation Effective Time, the Commuted Liabilities shall be commuted from the Quota Share Agreement in accordance with and subject to the provisions of this Commutation Amendment (the “Partial Commutation”).

  • The Parties hereby acknowledge and agree to the Commutation Effective Time for the Partial Commutation and Partial Termination as set forth in Section 2, notwithstanding anything to the contrary set forth in the Quota Share Agreement, including Article II thereof, requiring prior notice to amend or terminate the Quota Share Agreement.

  • On and after the Commutation Effective Time, the Parties shall execute any additional documents, instruments or conveyances of any kind which may be reasonably necessary to transfer the Transferred Assets.

  • As of the Commutation Effective Time, the Quota Share Agreement is terminated with respect to the Commuted Liabilities in accordance with and subject to the provisions of this Commutation Amendment (the “Partial Termination”).Section 2.3 Continuing Effect of the Quota Share Agreement.

  • As of the Commutation Effective Time, the Quota Share Agreement is terminated with respect to the Commuted Liabilities in accordance with and subject to the provisions of this Commutation Amendment (the “Partial Termination”).

  • As consideration for the Partial Commutation and the Partial Termination, the Reinsurer shall transfer cash and/or investment assets to APC in an aggregate amount equal to the commutation amount calculated as of the Commutation Effective Time in accordance with the formula set forth on Schedule I (the “Commutation Amount”).

  • Cash flows arising under the Quota Share Agreement with respect to the Commuted Liabilities between the date of the delivery of the Commutation Statement and the Commutation Effective Time will be calculated and settled between the Parties as part of the payment of the Commutation Amount.Section 3.2 APC Release of the Reinsurer with Respect to the Commuted Liabilities.

  • On the Commutation Effective Time, the Reinsurer shall pay cash and/or transfer to APC the Transferred Assets with a Transferred Asset Value equal to the Commutation Amount determined by reference to the Commutation Statement.

  • A ONE THOUSAND AND NO/100 ($1,000.00) DOLLARpayment award will be provided to UCDC for every new quality job created in Ulster County with the significant involvement of UCDC.

  • As consideration for the Partial Commutation and the Partial Termination, the Reinsurer shall transfer cash and/or investment assets to AI in an aggregate amount equal to the commutation amount calculated as of the Commutation Effective Time in accordance with the formula set forth on Schedule I (the “Commutation Amount”).

Related to Commutation Effective Time

  • Distribution Effective Time has the meaning set forth in the Separation Agreement.

  • Merger Effective Time means “Effective Time,” as that term is defined in the Merger Agreement.

  • Transition Effective Date has the meaning set forth in Section II.D.3.

  • Second Effective Time has the meaning specified in Section 2.02.

  • Resignation Effective Date has the meaning specified in Section 9.06(a).

  • First Effective Time has the meaning specified in Section 2.02.

  • Transfer Effective Date shall have the meaning set forth in each Commitment Transfer Supplement.

  • Merger Effective Date means the date on which the Merger is consummated.

  • Merger Closing Date the Closing Date (as defined in the Merger Agreement).

  • Plan Effective Date means the “Effective Date” as defined in the Plan of Reorganization.

  • Early Opt-in Effective Date means, with respect to any Early Opt-in Election, the sixth (6th) Business Day after the date notice of such Early Opt-in Election is provided to the Lenders, so long as the Administrative Agent has not received, by 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Early Opt-in Election is provided to the Lenders, written notice of objection to such Early Opt-in Election from Lenders comprising the Required Lenders.

  • Change of Control Effective Date means the first date during the Change of Control Period (as defined in Section 7.2) on which a Change of Control occurs. Notwithstanding anything in this Agreement to the contrary, if a Change of Control occurs and if the Executive’s employment with the Company (or applicable affiliated company) is terminated prior to the date on which the Change of Control occurs, and if it is reasonably demonstrated by the Executive that such termination of employment (i) was at the request of a third party who has taken steps reasonably calculated to effect a Change of Control or (ii) otherwise arose in connection with or anticipation of a Change of Control, then for all purposes of this Agreement the “Change of Control Effective Date” shall mean the date immediately prior to the date of such termination of employment.

  • Effective Time has the meaning set forth in Section 2.2.

  • Early Termination Effective Date is defined in Section 4.2 of this Agreement.

  • Merger Date means the closing date of a Merger Event or, where a closing date cannot be determined under the local law applicable to such Merger Event, such other date as determined by the Calculation Agent.

  • Merger Closing means the “Closing” as defined in the Merger Agreement.

  • Required Effective Date means the relevant Initial Required Effective Date or Increased Required Effective Date (as those terms are defined below).

  • Share Acquisition Date means the first date of public announcement (which, for purposes of this definition, shall include, without limitation, a report filed pursuant to Section 13(d) of the Exchange Act) by the Company or an Acquiring Person that an Acquiring Person has become such.

  • Change of Control Agreement means the Change of Control letter agreement between the Company and the Executive of even date herewith.

  • Change in Control Agreement means a written Change in Control Agreement between an employee and the Company or an Affiliate.

  • Disability Effective Date means the date on which termination of employment becomes effective due to Disability.

  • Make-Whole Fundamental Change Effective Date means (A) with respect to a Make-Whole Fundamental Change pursuant to clause (A) of the definition thereof, the date on which such Make-Whole Fundamental Change occurs or becomes effective; and (B) with respect to a Make-Whole Fundamental Change pursuant to clause (B) of the definition thereof, the applicable Redemption Notice Date.

  • Partnership Change of Control means Tesoro Corporation ceases to Control the General Partner.

  • unanimous shareholder agreement means either: (i) a lawful written agreement among all the shareholders of the Corporation, or among all the shareholders and one or more persons who are not shareholders; or (ii) a written declaration of the registered owner of all of the issued shares of the Corporation; in each case, that restricts, in whole or in part, the powers of the directors to manage, or supervise the management of the business and affairs of the Corporation, as from time to time amended.

  • Delayed Closing Date means the date, set in accordance with section 3, on which the Vendor agrees to Close, in the event the Vendor cannot Close on the Firm Closing Date.

  • PAL effective date generally means the date of issuance of the PAL permit. However, the PAL effective date for an increased PAL is the date any emissions unit that is part of the PAL major modification becomes operational and begins to emit the PAL pollutant.