Modified Coinsurance Account definition

Modified Coinsurance Account shall have the meaning set forth in Section 2.3. "Modified Coinsurance Adjustment" shall have the meaning set forth in Section 3.2.
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Modified Coinsurance Account shall have the meaning set forth in Section 2.3.
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Examples of Modified Coinsurance Account in a sentence

  • On the date hereof, the Ceding Company will segregate the Modified Coinsurance Assets into the separate accounts and segregated portfolios listed in Schedule 2.3 and/or any segregated portfolios as subsequently agreed by the Parties (collectively, the "Modified Coinsurance Account"), separate from the Ceding Company's general account assets.

  • The Recoverables will be held by the Ceding Company in the Modified Coinsurance Account and reflected in the immediately succeeding Accounting Report in accordance with this Article III.

  • This Agreement and the establishment of the Modified Coinsurance Account shall not modify the obligations of the Ceding Company or the rights of its policyholders with respect to its separate accounts or its general account.

  • ACCOUNTING POLICIES (continued) (1.21) Modified Coinsurance Account – see Note 28Under the modified coinsurance arrangement the statutory reserve on the ceded business is the obligation of, and held by the ceding company.

  • The Company remains on risk of loss from lapse and surrenders.The amounts contractually withheld and legally owned by the cedant in the form of assets equal to the reserve are reflected in the Modified Coinsurance Account.

  • Xxxxxxx Title: Chief Executive Officer NOTE A-2 HOLDER: ATHENE ANNUITY & LIFE ASSURANCE COMPANY, a company organized under the laws of the State of Delaware By: Athene Asset Management LLC, its investment advisor In respect of the Modified Coinsurance Account created pursuant to that certain Modified Coinsurance Agreement between Athene Annuity & Life Assurance Company and Athene Life Re Ltd.

Related to Modified Coinsurance Account

  • Insurance Account shall have the meaning set forth in Section 8.6 hereof.

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Spread Account Agreement means the Spread Account Agreement dated as of December 1, 1994, as amended and restated as of May 11, 1998 among the Insurer, the Seller and the Collateral Agent, as the same may be modified, supplemented or otherwise amended in accordance with the terms thereof.

  • Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Insurance Amount has the meaning set forth in Section 6.12(b).

  • Excess Loss Account has the meaning set forth in Reg. Section 1.1502-19.

  • Collection Account Control Agreement means that certain Account Control Agreement, dated as of the date hereof, by and among Seller, Buyer, and U.S. Bank National Association, in form and substance acceptable to Buyer, as the same may be amended, restated, supplemented or otherwise modified from time to time, and which shall provide for Buyer control of the Collection Account as of the date of execution.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Reserve Account Required Amount means, with respect to any Payment Date, the lesser of (i) the excess of (A) the Specified Reserve Balance, over (B) the amount on deposit in the Reserve Account on such Payment Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Payment Date, and (ii) the amount remaining in the Indenture Collections Account after taking into account the distributions therefrom described in clauses (i) through (xiv) of Section 8.3(a) of the Indenture.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,635,875.59.

  • Policy Payments Account means a separate special purpose trust account that is an Eligible Account, for the benefit of Holders of the Notes and the Credit Enhancer over which the Indenture Trustee has exclusive control and sole right of withdrawal.

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the amount of cash or other immediately available funds in the Reserve Account (excluding any net investment earnings) on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account on such Payment Date, over (b) the Specified Reserve Account Balance with respect to such Payment Date.

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • REO Account The account or accounts maintained by the Master Servicer in respect of an REO Property pursuant to Section 3.23.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Investment Earnings means, with respect to any Payment Date, the investment earnings (net of losses and investment expenses) on amounts on deposit in the Trust Accounts to be deposited into the Collection Account on such Payment Date pursuant to Section 5.01(b) of the Sale and Servicing Agreement.

  • Related Account means an Account with respect to which a new credit account number has been issued by the applicable Account Owner or Servicer or the applicable Transferor under circumstances resulting from a lost or stolen credit card and not requiring standard application and credit evaluation procedures under the Credit Card Guidelines.

  • Controlled Account Agreement has the meaning specified therefor in the Security Agreement.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • Yield Supplement Account Deposit means the initial deposit of cash in the amount of $[_________] made by or on behalf of the Seller into the Yield Supplement Account on the Closing Date.