Examples of Funds Withheld Account in a sentence

All such amounts shall not be deducted from the Funds Withheld Account.
Loss Settlements shall be first paid by deduction from the Funds Withheld Account, this account shall be debited at 90 (ninety) days following each calendar quarter.
The Ceding Company shall debit the Funds Withheld Account as of November 1st of the preceding Coverage Year for all Ceding Commissions.
During the Term of this Treaty the Reinsurers agree to provide a clean, irrevocable and unconditional Letter of Credit in favor of the Ceding Company issued by a bank acceptable to the Ceding Company adjusted to at all times be equal to the ceded cumulative Ultimate Net Losses outstanding and Advance Premium ceded hereunder less the Funds Withheld Account balance at such dates.
The Reinsurers shall not transfer or assign their rights to the Funds Withheld Account hereon unless this Treaty is surrendered and a new Treaty is issued.

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 shall have the meaning specified in Section 5.01(a).

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 shall have the meaning specified in Section 8.1.