Existing IMR definition

Existing IMR means the Interest Maintenance Reserves, calculated on an after-Tax basis, attributable to the Covered Insurance Policies as of the Effective Time, determined in accordance with SAP applicable to the Ceding Company, but in any event not less than zero.
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Existing IMR means the amount of the Ceding Company’s unamortized existing IMR that has been allocated by the Ceding Company to the Reinsured Liabilities as of the Closing Date (but prior to the transfer of the Initial Premium), in accordance with Applicable SAP. “Extra-Contractual Obligations” [***]. “Fair Market Value” means, with respect to any asset, the value thereof calculated in accordance with the methodology set forth on Schedule D, as modified by the Reinsurer from time to time with the consent of the Ceding Company, such consent not to be unreasonably withheld, conditioned or delayed. “General Account Liabilities” means all Liabilities of the Ceding Company arising out of or resulting from the Reinsured Contracts, but excluding Separate Account Liabilities and Excluded Liabilities, whether incurred before, at or after the Effective Time. Without limiting the foregoing, “General Account Liabilities” shall include, but not be limited to, any and all of the following Liabilities, but excluding Separate Account Liabilities and Excluded Liabilities: (a) all Liabilities for claims (including incurred but not reported claims), benefits, interest on claims or unearned premiums, interest on policy funds, withdrawals, surrenders, policy loans, amounts payable for returns or refunds of premiums, guaranteed minimum death benefits, guaranteed minimum income benefits, incurred but not reported claims, pending claims and benefits (including death benefits, lump sum payments, annuitization payments, deferred payments, payments in respect of market value adjustments, and any other settlement options), unearned premiums, and other contract benefits, in each case, arising under the terms and conditions of the Reinsured Contracts and whether such amounts are escheated or paid to policyholders or beneficiaries of the Reinsured Contracts; (b) all Liabilities arising out of changes to the terms and conditions of the Reinsured Contracts permitted or required by Section 2.2; (c) all commissions, expense allowances, other compensation and obligations payable to Producers with respect to premium paid under the Reinsured Contracts; (d) all assessments and similar charges with respect to the Reinsured Contracts in connection with participation by the Ceding Company or the Reinsurer, whether voluntary or involuntary, in any guaranty association established or governed by any Governmental Authority;
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Examples of Existing IMR in a sentence

  • The Ceding Company and the Reinsurer agree that the Existing IMR Amount and the Transaction IMR Amount as of the Closing Date shall be calculated by the Ceding Company and ceded to the Reinsurer.

  • The Ceding Company and the Reinsurer agree that the Existing IMR Amount and the Transaction IMR Amount as of the Phase 1 Closing Date were calculated by the Ceding Company and ceded to the Reinsurer.

  • The Ceding Company and the Reinsurer agree that the Existing IMR Amount and the Transaction IMR Amount, in each case, in respect of the Phase 2 Reinsured Policies as of the Phase 2 Closing Date shall be calculated by the Ceding Company and ceded to the Reinsurer.

  • The Ceding Company and the Reinsurer agree that the Existing IMR Amount and the Transaction IMR Amount, in each case, in respect of the Phase 2 Reinsured Policies, as of the Phase 2 Closing Date shall be calculated by the Ceding Company and ceded to the Reinsurer.

Related to Existing IMR

  • Existing Project is a Project that has achieved Commercial Operation on or prior to the Execution Date.

  • Existing uses means those uses actually attained in a water body on or after November 28, 1975, whether or not they are included in the water quality standards.

  • Existing Facility Agreement means the senior secured credit facility dated 26 October 2000 made between, inter alia, UPC Broadband, UPC Financing and Toronto Dominion (Texas) LLC as facility agent and the banks and financial institutions listed therein, as amended from time to time.

  • Existing Plan means the Amended and Restated Novatel Wireless, Inc. 2000 Stock Incentive Plan.

  • Existing use means a use actually attained in a surface water of the state on or after November 28, 1975, whether or not it is a designated use.

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Existing Financing means the financing arrangements that provided for a security interest granted by Company in the Aircraft and that were outstanding on August 3, 2020.

  • Existing structure means any structure that is installed or approved for installation at the time a wireless services provider or wireless infrastructure provider provides notice to a locality or the Department of an agreement with the owner of the structure to co-locate equipment on that structure. "Existing structure" includes any structure that is currently supporting, designed to support, or capable of supporting the attachment of wireless facilities, including towers, buildings, utility poles, light poles, flag poles, signs, and water towers.

  • Existing Loan Agreement has the meaning set forth in the recitals to this Agreement.

  • Existing Leases means those leases, license agreements and occupancy agreements identified on Schedule 2.1.3, as the same may be amended or modified from time to time in accordance with the terms of this Agreement.

  • Existing Agreements means the [*****].

  • Existing Agreement has the meaning set forth in the recitals hereto.

  • Existing Credit Agreements has the meaning set forth in the recitals hereto.

  • Existing Facilities means all existing buildings and other facilities, the sites for the buildings or facilities, and furnishings or equipment for the buildings or facilities located on real property acquired by the building authority under the terms of this act.

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Prior Loan Agreement is defined in Recital A of this Agreement.

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.

  • Existing development means development, other than that associated with agricultural or forest management activities, that meets one of the following criteria:

  • Existing Credit Agreement as defined in the recitals hereto.

  • Existing Products Tangible Products and intangible licensed Products which exist prior to the commencement of work under the Contract. Contractor retains the burden of proving that a particular product was existing before commencement of the Project. .

  • Existing Security Agreement shall have the meaning set forth in the recitals.

  • Existing ship means a ship which is not a new ship.

  • Prior Agreement has the meaning set forth in the Recitals.

  • Existing Contracts means the existing licenses and contracts given by the Railway Administration / Authority, in relation to commercial establishments, as existing on Station Development Land, as on the date of the Agreement, and as further set out in the Schedules, which shall, for avoidance of doubt, exclude any licenses and/ or contracts in relation to any Excluded Activities and/or Railway Operational Activities;

  • Existing Product means any formulation of the same product category and form sold, supplied, manufactured, or offered for sale in California prior to the following dates, or any subsequently introduced identical formulation: