Monthly Aggregate Accommodation definition

Monthly Aggregate Accommodation means excess loss coverage is automatically advanced for payment of claims exceeding the monthly or annual aggregate attachment point.
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Examples of Monthly Aggregate Accommodation in a sentence

  • Monthly Aggregate Accommodation If, at the end of any Benefit Month during the Policy Year, Accumulated Aggregate Losses exceed the Accumulated Aggregate Attachment Point, upon written request from You We will provide You with an advance in an amount equal to the Accumulated Aggregate Losses minus: ( ) the Accumulated Aggregate Attachment Point; and ( ) any amount previously advanced to you under this provision.

  • Authorization of Chairman’s signature on an Administrative Services Agreement and Monthly Aggregate Accommodation Agreement with Meritain Health Inc.

  • Authorization of Chairman’s signature on an Amendment to the Administrative Services Agreement and Monthly Aggregate Accommodation Agreement with Meritain Health Inc.

  • Most also offer an option commonly referred to as Monthly Aggregate Accommodation where a group would be reimbursed on a month to date basis if the aggregate attachment point is exceeded and where they would return the payment if claims do not exceed the aggregate attachment point on a year to date basis at year end.

  • Documentation of all audits, statistical reviews and interview observations will be forwarded to the Operations Manager and the Special Assistant.

  • If premiums are to be paid monthly, then in addition to other remedies available to the Company under this Policy, should the Policyholder fail to pay the scheduled Monthly Aggregate Accommodation Premium for this benefit as due, this Policy will terminate without further notice effective as of the date Monthly Aggregate Accommodation premiums were last timely paid.

  • PALIC”S Self-Funded Employee Benefits Plan shall provide AUTHORITY with two forms of protection for unpredictable claim expenses; Aggregate Stop Loss Coverage and Monthly Aggregate Accommodation described below.

  • The Monthly Aggregate Accommodation is intended as a loan to reimburse certain benefits otherwise reimbursable at the end of the contract term, and thus aid the cash flow of the Employer.

  • Companion Life will consider adding Monthly Aggregate Accommodation, but it will be on a case-by-case basis and it would only be on a go-forward basis.

  • Monthly Aggregate Accommodation: PALIC shall provide reimbursement to AUTHORITY health plan account during any month in which accumulated self-funded claims exceed year-to-date claim funding, such that the Plan account shall have sufficient funds to pay Plan claims.

Related to Monthly Aggregate Accommodation

  • Aggregate Loan Group Balance As to any Loan Group and as of any date of determination, will be equal to the aggregate of the Stated Principal Balances of the Mortgage Loans in that Loan Group, except as otherwise provided, as of the last day of the related Collection Period.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Maximum Revolving Advance Amount means $30,000,000.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Aggregate Loan Balance At any date of determination, the outstanding principal balance of the Mortgage Loans serviced hereunder.

  • Available Aggregate Commitment means, at any time, the Aggregate Commitment then in effect minus the Aggregate Outstanding Credit Exposure at such time.

  • Excess Aggregate Contributions means, with respect to any Plan Year, the excess of:

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Credit allowance date means with respect to any qualified equity investment:

  • Designated Disbursement Account means the account of the Borrower maintained with the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the Administrative Agent may otherwise agree).

  • Availability Payment means the payment to Owner described in Section 8.1 for Condition 1 and 8.2 for Condition 2.

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Excess Funding Account shall have the meaning specified in Section 4.02.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Reimbursement Amount As defined in Section 2.04.

  • Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.

  • Advance Payments means the payments made by Customer in advance of delivery with respect of an Aircraft pursuant to Section 4.2 of the Purchase Agreement.

  • Workout-Delayed Reimbursement Amounts With respect to any Mortgage Loan or Serviced Loan Combination, the amount of any Advance made with respect to such Mortgage Loan or Serviced Loan Combination on or before the date such Mortgage Loan or Serviced Loan Combination becomes (or, but for the making of three monthly payments under its modified terms, would then constitute) a Corrected Loan, together with (to the extent accrued and unpaid) interest on such Advances, to the extent that (i) such Advance is not reimbursed to the Person who made such Advance on or before the date, if any, on which such Mortgage Loan or Serviced Loan Combination becomes a Corrected Loan and (ii) the amount of such Advance becomes a future obligation of the Mortgagor to pay under the terms of modified Loan Documents. That any amount constitutes all or a portion of any Workout-Delayed Reimbursement Amount shall not in any manner limit the right of any Person hereunder to determine in the future that such amount instead constitutes a Nonrecoverable Advance.

  • Aggregate Collateral Balance means, as at any Measurement Date, the amount equal to the aggregate of the following amounts, as at such Measurement Date: