Minimum Initial definition

Minimum Initial. Cession: None. The Ceding Company will retain up to an additional [percentage] over its maximum retention in order to avoid trivial amounts of reinsurance.
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Minimum Initial. Cession: None for automatic cessions. For facultative cessions, the minimum cession shall be [dollar amount] up to age 70, and [dollar amount] for ages over 70.
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Minimum Initial. Cession Amount shall have the meaning set forth in Exhibit B, B.4.a. OFAC shall have the meaning set forth in Section 15.5. Party, or collectively Parties, shall have the meaning set forth in Section 1.1. Personal Information shall have the meaning set forth in Section 24.1. Policy shall mean [ ]for facultative reinsurance purposes, [ ] and the corporate owned life insurance policy and any and all riders issued to the Policy Owner. Policy Net Amount at Risk shall have the meaning set forth in Section 6.1.
Sample 1

Examples of Minimum Initial in a sentence

  • No insurance will take effect under this policy until our underwriters approve issuance of this policy and the conditions specified in the application form have been satisfied, including receipt of at least the Minimum Initial Premium at our Service Office.

  • Each such portion will be equal to the (i) Minimum Initial Premium minus (ii) all payments previously received.

  • In the event the Issue Date is later than the Policy Date, the Minimum Initial Premium due will be the Minimum Initial Premium shown in Section 1, plus an additional amount equal to the Minimum Initial Premium multiplied by the number of intervening Processing Dates.

  • Minimum Initial Premium means the minimum premium needed to put the policy In Force when the Issue Date is on or before the Policy Date, as shown in Section 1.

  • If a payment equal to the Minimum Initial Premium is not received prior to the Date of Issue, a portion of each payment subsequently received will be processed as if received on the Date of Issue.

  • QUALIFIED 401 ...............[_] Minimum Initial Purchase Payment: * THE ANNUITANT AND OWNER MUST BE THE SAME PERSON.

  • An applicant for a new Policy must pay at least a Minimum Initial Premium, which if not submitted with the application or during the underwriting period, must be submitted when the Policy is delivered.

  • In the event the Issue Date is later than the Policy Date, the Minimum Initial Premium due will be the Minimum Initial Premium shown in Section 1, plus an additional amount which is equal to the Minimum Initial Premium multiplied by the number of intervening Processing Dates.

  • The Company may not submit a policy to the Reinsurer unless the amount of the policy to be reinsured exceeds the Minimum Initial Reinsurance Limit specified in Exhibit C.

  • The Company will not submit a policy to the Reinsurer unless the amount of reinsurance on the policy equals or exceeds the Minimum Initial Reinsurance Limit specified in Exhibit C.


More Definitions of Minimum Initial

Minimum Initial. Cession Amount shall have the meaning set forth in Exhibit B and applied as provided for in Section 4.a. OFAC shall have the meaning set forth in Section 15.5. Owner shall mean the person who owns a Certificate. Party, or collectively Parties, shall have the meaning set forth in Section 1.1. Policy shall mean the Group Universal Life or Group Variable Universal Life Policy issued to the Policyholder. Policyholder shall mean the employer or sponsoring organization who purchases the Policy on behalf of its employees. Policy Net Amount at Risk shall have the meaning set forth in Section 6.1. Reinsurer shall have the meaning set forth in Section 1.1. Reinsurer’s Share shall have the meaning set forth in Exhibit B. Termination Date shall have the meaning set forth in Section 23.3. [page break] Automatic and Facultative YRT Reinsurance Agreement Underwriting Guidelines shall have the meaning set forth in Exhibit C.
Sample 1
Minimum Initial. Cession Amount shall have the meaning set forth in Section 4.a of Exhibit B. OFAC shall have the meaning set forth in Section 15.5. Party, or collectively Parties, shall have the meaning set forth in Section 1.1. Personal Information shall have the meaning set forth in Section 24.1. Policy shall mean [ ] for facultative reinsurance purposes, the bank owned life insurance and the corporate owned life insurance policy issued to the Policy Owner. Policy Net Amount at Risk shall have the meaning set forth in Section 6.1.
Sample 1
Minimum Initial. Cession: None. The Ceding Company will retain up to an additional [percentage] over its maximum retention in order to avoid trivial amounts of reinsurance. If an international client does not meet the Ceding Company's financial or medical criteria, requires a flat extra or individual consideration under the Ceding Company's International Risk Guidelines, or if the country of origin or citizenship is not an agreed `A' or `B' location, then reinsurance will not be ceded automatically. The Ceding Company will promptly notify the Reinsurer of any proposed material changes in its international client guidelines. This Agreement will not extend to policies issued pursuant to such changes unless the Reinsurer has consented in writing to accept policies subject to such changes. EXHIBIT D (Revised January 1, 2005) REINSURANCE PREMIUMS
Sample 1
Minimum Initial means such amount or number of Shares (if any) as the Directors may from Investment Amount” time to time prescribe as the minimum initial subscription required by each Shareholder for Shares of each Class in a Fund as is specified in the Supplement for the relevant Fund;
Sample 1

Related to Minimum Initial

  • Minimum Balance means, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month.

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $4,000,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • Minimum Investment means an investment in the project of at least two and one‑half million dollars within the investment period. If a county has an average annual unemployment rate of at least twice the state average during the last twenty‑four month period based on data available on the most recent November first, the minimum investment is one million dollars. The department shall designate these reduced investment counties by December thirty‑first of each year using data from the South Carolina Department of Employment and Workforce and the United States Department of Commerce. The designations are effective for a sponsor whose fee agreement is signed in the calendar year following the county designation. For all purposes of this chapter, the minimum investment may include amounts expended by a sponsor or sponsor affiliate as a nonresponsible party in a voluntary cleanup contract on the property pursuant to Article 7, Chapter 56, Title 44, the Brownfields Voluntary Cleanup Program, if the Department of Health and Environmental Control certifies completion of the cleanup. If the amounts under the Brownfields Voluntary Cleanup Program equal at least one million dollars, the investment threshold requirement of this chapter is deemed to have been met.

  • Minimum Term means each minimum initial and subsequent period of service for each Service as shown on the Service Agreement and Order Schedule, the initial period to start on the date on which the relevant Service is first made available to you for use. For the avoidance of doubt, unless otherwise agreed or if not stated on the Service Agreement or order schedules, the Minimum Term will be 12 months or such other period as may be notified to you in accordance with paragraph 19.2.

  • Minimum Initial Subscription means such greater or lesser amount as may be

  • FILOT Act Minimum Investment Requirement means, with respect to the Project, an investment of at least $2,500,000 by the Company, or of at least $5,000,000 by the Company and any Sponsor Affiliates in the aggregate, in Economic Development Property.

  • Minimum Balance Requirements You must maintain a minimum daily balance of $2,000.00 in your Money Market Savings account to obtain the disclosed annual percentage yield. We impose a monthly maintenance fee if the balance falls below $500 any day of the month. Basic Checking Account Rate Information: This account does not pay interest.

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • Minimum Net Worth means, for any Fiscal Quarter, the minimum Consolidated Net Worth required to be maintained by the Parent as of the end of such Fiscal Quarter pursuant to Section 6.12.

  • Minimum qualifications” are qualifications mandated for the position and which must be possessed by a Unit Member before the individual can be considered for employment in a specific classification.

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Minimum capital or "minimum required capital" means the capital that must be constantly maintained by a stock insurance corporation as required by statute.

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Minimum Liquidity has the meaning given in Clause 11.19;

  • Minimum Amount means the Minimum Amount as specified in § 1 of the Product and Underlying Data.

  • Minimum Contract Value means 10% of the Maximum Contract Value.

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Maximum Program Amount means Common Shares with an aggregate Sales Price of the lesser of (a) the number or dollar amount of Common Shares registered under the effective Registration Statement (defined below) pursuant to which the offering is being made, (b) the number of authorized but unissued Common Shares (less Common Shares issuable upon exercise, conversion or exchange of any outstanding securities of the Company or otherwise reserved from the Company’s authorized capital stock), (c) the number or dollar amount of Common Shares permitted to be sold under Form S-3 (including General Instruction I.B.6 thereof, if applicable), or (d) the number or dollar amount of Common Shares for which the Company has filed a Prospectus (defined below).

  • Minimum Price shall have the meaning set forth in Section 7.2(b)(ii).

  • Minimum Order Quantity means the minimum number of batches of a Product to be produced during the same cycle of manufacturing as set forth in a Product Agreement on Schedule B;

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

  • Maximum Put Amount means the lesser of (i) Two Hundred Fifty Thousand Dollars ($250,000), or (ii) Two Hundred Fifty percent (250%) of the average of the Dollar Volume for the twenty (20) Trading Days immediately preceding the Put Date.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.