Net Premium Receivables definition
Net Premium Receivables shall have the meaning set forth in Section 9.2(a)(ii).
Net Premium Receivables shall have the meaning ascribed to such term in the Quota Share Reinsurance Agreements.
Examples of Net Premium Receivables in a sentence
Net Premium Receivables shall be deemed uncollectible if they become due and owing for 90 days or more.
The parties intend that the Trustee shall at all times have a first priority, perfected security interest in the Net Premium Receivables under the UCC and at common law.
On the Effective Date, (i) all assets held in the LaSalle Trust Account shall be transferred and delivered to the Trustee for deposit into the Trust Account; (ii) the Grantor shall execute and deliver the Assignment of Reinsurance Recoverables attached hereto as EXHIBIT A; and (iii) the Beneficiary shall execute and deliver the Assignment of Net Premium Receivables attached hereto as EXHIBIT B.