Funds Withheld Amount definition

Funds Withheld Amount means, as of the relevant date of determination, the Statutory Carrying Value of all assets deposited in the Funds Withheld Account.
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Funds Withheld Amount means either (a) the Required Amount or (b) any lesser amount mutually agreed upon by the parties in accordance with Section 5.01(b).
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Funds Withheld Amount equals the Reinsurer's --------------------- quota share of the lesser of the Statutory Reserve and the Account Value. SCHEDULE C FUNDS WITHHELD INVESTMENT CREDIT --------------------------------------------------------------------------------
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Examples of Funds Withheld Amount in a sentence

  • If the aggregate estimated Statutory Value of the Funds Withheld Account Assets is less than the Funds Withheld Amount as so determined or estimated, the Ceding Company shall transfer to the Funds Withheld Account cash or other Permitted Assets in an amount sufficient to increase the aggregate Statutory Value of the Funds Withheld Account Assets to an amount that equals or exceeds the Funds Withheld Amount as so determined or estimated as of the end of such Quarterly Accounting Period.

  • Such reports shall include information on the amount of the Reinsurance Premium, the Allowance, Benefit Payments, Funds Withheld Amount, Funds Withheld Investment Credit, and the book value of the Asset Portfolio.

  • Funds Withheld Amount at the end of the prior accounting period c.

  • If the Ceding Company and the Reinsurer agree to set the Funds Withheld Amount at an amount lower than the Required Amount at the end of such Quarterly Accounting Period, then the Funds Withheld Amount shall be such mutually agreed amount.

  • The Ceding Company shall adjust the amount of Funds Withheld Account Assets in the Funds Withheld Account based on the Funds Withheld Amount as of the end of each Quarterly Accounting Period in accordance with Section 5.01(b) above.

  • The Funds Withheld Investment Credit for -------------------------------- any Accounting Period shall be equal to the Funds Withheld Investment Rate determined according to Paragraph 1 times the average aggregate Funds Withheld Amount for the Accounting Period.

  • If the Ceding Company and the Reinsurer do not agree on such a lower amount, the Funds Withheld Amount at the end of such Quarterly Accounting Period shall be an amount equal to the Required Amount as of such date.

  • The assets constituting the Funds Withheld Amount shall be invested in and consist only of Permitted Assets and shall be valued according to their Statutory Carrying Value.

  • The Ceding Company shall have transferred assets received from the Borrower into the Funds Withheld Account with a Book Value (as defined in the Reinsurance Agreement) equal to or greater than the Initial Funds Withheld Amount.

  • The "Funds Withheld Amount" equals the Reinsurer's --------------------- quota share of the lesser of the Statutory Reserve and the Account Value.


More Definitions of Funds Withheld Amount

Funds Withheld Amount means the aggregate SAP carrying value of the Funds Withheld Assets.
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Funds Withheld Amount means, as of any date of determination, the aggregate Fair Market Value of the Existing ▇▇▇▇▇▇ as of such date.
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Funds Withheld Amount equals the Reinsurer's --------------------- quota share of the lesser of the Statutory Reserve and the Account Value.
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Funds Withheld Amount means as of any date an amount equal to the aggregate sum of cash and the FMV of the assets and securities maintained in the Pre-Existing Trust Accounts as of such date.
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Funds Withheld Amount shall have the meaning ascribed to such term in the Retrocession Agreement.
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Funds Withheld Amount has the meaning set forth in Section 3.1(a).
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