Indemnity trigger means a transaction term by which relief of the issuer’s obligation to repay investors is triggered by its incurring a specified level of losses under its insurance or reinsurance contracts.
Indemnity trigger means a transaction term by which the SPRV’s obligation to pay the ceding insurer for losses covered by a SPRV contract is triggered by the ceding insurer incurring a specified level of losses.
Indemnity trigger means a transaction term by which relief
Examples of Indemnity trigger in a sentence
The Indemnification shall apply whether or not the Outrigger Liquidation Event occurs during the Indemnity Trigger Period so long as the Uncured Default giving rise to such Outrigger Liquidation Event occurred during the Indemnity Trigger Period.
More Definitions of Indemnity trigger
Indemnity trigger means a transaction term by which the
Indemnity trigger means a transaction term by which the special purpose reinsurance vehicle's obligation to pay the ceding insurer for losses covered by a special purpose reinsurance vehicle contract is triggered by the ceding insurer incurring a specified level of losses. [ 2003, c. 249, §2 (NEW) .]
Indemnity trigger means a transaction term by i-n- which
Indemnity trigger has the meaning set forth in Section 11.4.
Indemnity trigger means a transaction term b_y_
Indemnity trigger means a transaction term by which relief of the issuer's obligation to repay investors is triggered by its incurring a specified level of losses under its insurance or reinsurance contracts. "Nonindemnity trigger" means a transaction term by which relief of the issuer's obligation to repay investors is triggered solely by some event or condition other than the individual protected cell company's incurring a specified level of losses under its insurance or reinsurance contracts.)