Nonpayment Termination Notice definition

Nonpayment Termination Notice shall have the meaning set forth in Section 23.02. [REDACTED]

Examples of Nonpayment Termination Notice in a sentence

  • Notwithstanding Section 23.01, when undisputed amounts, determined in accordance with Section 11.03, due the Reinsurer are not paid within the timing specified in Section 11.03, the Reinsurer shall have the right to issue a written notice of termination of this Agreement (the "Nonpayment Termination Notice") for the nonpayment of undisputed amounts, in accordance with Section 25.01, which shall include the amount past due (the “Past Due Amount”).

  • If, within [REDACTED] days of the Ceding Company’s receipt of the Nonpayment Termination Notice, the Ceding Company remits the undisputed Past Due Amount together with interest on such amount calculated in accordance with Section 11.05, the Reinsurer’s Nonpayment Termination Notice shall be withdrawn.

  • Annuity Reinsurance Agreement Effective October 1, 2021 Page 32 together with interest on such amount calculated in accordance with Section 11.05, the Reinsurer’s Nonpayment Termination Notice shall be withdrawn.

  • If, within [REDACTED] days of the Ceding Company’s receipt of the Nonpayment Termination Notice, the Ceding Company remits the undisputed Past Due Amount Xxxxxxx Resolution Life and Annuity Insurance Company and TR Re, Ltd.

  • If, within thirty (30) days of the Ceding Company's receipt of the Nonpayment Termination Notice, the Ceding Company remits the undisputed Past Due Premium together with interest on such amount calculated in accordance with Section 8.05, the Reinsurer's notice of termination shall be withdrawn, otherwise reinsurance under this Agreement will terminate effective as of the end of the Accounting Period provided for in Section 8.04.

  • When undisputed Reinsurance Premiums, determined in accordance with Section 8.04, due the Reinsurer are not paid within sixty (60) days following the date specified in Section 8.04, the Reinsurer shall have the right to issue a notice of termination of this Agreement ("Nonpayment Termination Notice") for the nonpayment of undisputed premiums in Principal First Reinsurance Agreement Between Hartford Life Insurance Company and Swiss Re Life & Health America Inc.

  • When undisputed Reinsurance Premiums, determined in accordance with Section 8.04, due the Reinsurer are not paid within sixty (60) days following the date specified in Section 8.04, the Reinsurer shall have the right to issue a notice of termination of this Agreement ("Nonpayment Termination Notice") for the nonpayment of undisputed premiums in Principal First Reinsurance Agreement Between Hartford Life and Annuity Insurance Company and Swiss Re Life & Health America Inc.

Related to Nonpayment Termination Notice

  • Special Termination Notice means the Notice of Special Termination substantially in the form of Annex VII to this Agreement.

  • Termination Notice means the communication issued in accordance with this Agreement by one Party to the other Party terminating this Agreement;

  • Event Termination Date See Section 2(e) hereof.

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Early Termination Notice is defined in Section 4.2 of this Agreement.

  • Servicer Termination Notice Defined in Section 6.15.

  • Commitment Termination Event means the earlier of (a) automatically and without notice or further action, the occurrence of any Event of Default described in Section 7.01(i) (Bankruptcy, Insolvency, etc.) with respect to the Borrower and (b) the occurrence and continuation of any other Event of Default under this Agreement pursuant to which either a Commitment Termination Event has been expressly declared or a declaration of the Loan to be due and payable has been given, in each case pursuant to Section 7.03 (Action if other Event of Default).

  • Potential Termination Event means an event which but for the lapse of time or the giving of notice, or both, would constitute a Termination Event.

  • Automatic Termination shall have the meaning set forth in Section 2.3.2.

  • Early Termination Notice Date Any date as of which the aggregate Stated Principal Balance of the Mortgage Loans (including REO Mortgage Loans) is less than 1.0% of the sum of the aggregate Cut-Off Date Balance of the Mortgage Pool initially included in the Trust Fund.

  • Parent Termination Fee has the meaning set forth in Section 7.3(b).

  • Agreement Termination Date is defined in Section 7.4.

  • Company Termination Event means any of the following:

  • Normal Termination means termination of employment or service with the Company and Affiliates:

  • Acceleration Notice shall have the meaning specified in Section 6.2.

  • Initial Termination Date has the meaning set forth in Section 8.2(a).

  • Exercise Termination Event (i) the Effective Time (as defined in the Merger Agreement) of the Merger; (ii) termination of the Merger Agreement in accordance with the provisions thereof if such termination occurs prior to the occurrence of an Initial Triggering Event, except a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional); or (iii) the passage of 12 months after termination of the Merger Agreement if such termination follows the occurrence of an Initial Triggering Event or is a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional) (provided that if an Initial Triggering Event continues or occurs beyond such termination and prior to the passage of such 12-month period, the Exercise Termination Event shall be 12 months from the expiration of the Last Triggering Event but in no event more than 18 months after such termination). The "Last Triggering Event" shall mean the last Initial Triggering Event to expire. The term "Holder" shall mean the holder or holders of the Option.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • Notice of Termination for Good Reason shall have the meaning set forth in Section 1(t).

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Optional Termination The termination of the trust created hereunder in connection with the purchase of the Mortgage Loans pursuant to Section 9.01(a) hereof.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.

  • Termination for Cause or "Cause" shall mean termination because of the Executive's personal dishonesty, willful misconduct, any breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, conviction of a felony with respect to the Bank or the Company or any material breach of this Agreement. For purposes of this Section, no act, or the failure to act, on the Executive's part shall be "willful" unless done, or omitted to be done, in bad faith and without reasonable belief that the action or omission was in the best interest of the Company or its affiliates. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or based upon the written advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Company. Notwithstanding the foregoing, the Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to him a Notice of Termination which shall include a copy of a resolution duly adopted by the affirmative vote of not less than three-fourths of the members of the Board at a meeting of the Board called and held for that purpose (after reasonable notice to the Executive and an opportunity for him, together with counsel, to be heard before the Board), finding that in the good faith opinion of the Board, the Executive was guilty of conduct justifying Termination for Cause and specifying the particulars thereof in detail. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause.

  • Partial Termination has the meaning set forth in the Section 6.3(a).