Funds Withheld Account shall have the meaning specified in Section 8.02(a).
Funds Withheld Account has the meaning set forth in the Indemnity Reinsurance Agreement.
Funds Withheld Account means a funds withheld account established and maintained in accordance with the Reinsurance Agreement.
Examples of Funds Withheld Account in a sentence
Further, AXIS shall no longer be obligated to maintain the Funds Withheld Account and any balance therein shall be promptly paid to the Reinsurer.
More Definitions of Funds Withheld Account
Funds Withheld Account has the meaning set forth in Section 3.1(a).
Funds Withheld Account means the account created pursuant to the Retrocession Agreement to which the Market Value of the assets held in the sub-accounts to be created under the Existing Trust Agreements with respect to the Retrocessionaire’s quota share of the Subject Business, the Market Value of all assets held in the sub-accounts to be created in the trusts under the Existing Quota Share Agreements with respect to the Subject Business and all investment income thereon will be credited.
Funds Withheld Account has the meaning set forth in Section 6.1(a).
Funds Withheld Account has the meaning set forth in SECTION 9.1.
Funds Withheld Account has the meaning set forth in Section 3.3(b) of this Agreement.
Funds Withheld Account means the account established as such on the books of the Beneficiary in connection with the Reinsurance Agreement as a liability to the Grantor.
Funds Withheld Account means the funds withheld account maintained by the Ceding Company for the benefit of its affiliate Raven Reinsurance Company, certain proceeds of which will be distributed to the Reinsurer as part of the initial settlement under Section 4 hereof.