Original Effective Time definition

Original Effective Time has the meaning set forth in the recitals.

Original Effective Time has the meaning set forth in the recitals. “Original Reinsurance Agreement” has the meaning set forth in the recitals. “Original Treaty (A)” has the meaning set forth in the recitals.

Original Effective Time means the close of business on January 15, 2015.

Examples of Original Effective Time in a sentence

• No later than the Original Effective Time (as defined in the following paragraph), each Insurer prepared and distributed to Reinsurer, a statement, as of December 31, 2000, of all Net GAAP Liabilities for the Subject Business.

• The parties computed both (a) the aggregate amount collected by Insurers in respect of Policies (not including balances, receivables, accruals, rights and other items assigned in kind pursuant to Article V) between January 1, 2001 and the Original Effective Time (the “Stub Period”), and (b) the aggregate amount paid during the Stub Period in respect of Policy Liabilities (not including liabilities assumed by Reinsurer at the Original Effective Time pursuant to Article V).

• Insurers, on the Original Effective Time, received a one time ceding commission in the amount of $9,278,800, plus six percent (6%) per annum simple interest upon said amount for the period between January 1, 2001 and the date of receipt by Insurers.

• Upon the terms and subject to the conditions and other provisions of this Agreement, as of the applicable Original Effective Time, the Ceding Company hereby cedes to the Reinsurer, and the Reinsurer hereby agrees to indemnify the Ceding Company for, one hundred percent (100%) of the Reinsured Liabilities payable by the Ceding Company at or after the applicable Original Effective Time (the “Reinsured Risks”) on a coinsurance basis.

• Atlantic States shall not be liable for Insurance Liabilities related to loss occurrences that took place prior to the Original Effective Time.

• The term "Requisite Holders" shall mean the holders of at least sixty-seven percent (67%) of the outstanding shares of Common Stock held by the Major Stockholders.

• The obligations of the Lender under the Original Credit Agreement were subject to the conditions precedent set forth in Section 6.01 and Section 6.02 of the Original Credit Agreement, and no Original Quarterly Loans were made until the Original Effective Time.

• Insurers, on the Original Effective Time, received a one time ceding commission in the amount of $42,528,200, plus six percent (6%) per annum simple interest upon said amount for the period between January 1, 2001 and the date of receipt by Insurers.

• Donegal Mutual shall continue to be solely responsible for Insurance Liabilities related to loss occurrences that took place prior to the Original Effective Time.

More Definitions of Original Effective Time

Original Effective Time means February 19, 1999.

Original Effective Time means the close of business on February 2, 2005.

Original Effective Time means, with respect to each Reinsured Policy, the original effective time of the cession of such Reinsured Policy under the Original Reinsurance Agreements. “Original Reinsurance Agreements” has the meaning set forth in the recitals. “Party” shall have the meaning set forth in the preamble. “Person” means an individual, corporation, partnership, joint venture, limited liability company, association, trust, unincorporated organization, Governmental Entity or other entity. “Personal Information” means any (i) personally identifiable information or data (including medical, financial and other personal information) concerning or relating to the policyholders, insureds, claimants, and beneficiaries of the Reinsured Policies, or (ii) any other personally identifiable financial or insurance information, including but not limited to “non- public personal information” as that term is defined in the Xxxxx-Xxxxx-Xxxxxx Act, as amended, and implementing regulations, 15 U.S.C. § 6809(4) or “protected health information” as defined in 45 C.F.R. § 160.103.