Phase 1 Effective Time definition

Phase 1 Effective Time means the time and date on which phase

Phase 1 Effective Time has the meaning set forth in Section 2.02.

Phase 1 Effective Time has the meaning ascribed to the term “Effective Time” in the Reinsurance Agreements.

Examples of Phase 1 Effective Time in a sentence

• This Agreement shall become effective as of (a) 12:00:01am, New York City Time, on July 1, 2020 with respect to the Phase 1 Reinsured Policies (the “Phase 1 Effective Time”) and (b) 12:00:01am, New York City Time, on January 1, 2021 with respect to the Phase 2 Reinsured Policies (the “Phase 2 Effective Time” and, the Phase 1 Effective Time or the Phase 2 Effective Time, as applicable, the “Applicable Effective Time”).

• This Agreement shall become effective as of (a) 12:00:01 am, New York City Time, on July 1, 2020 with respect to the Phase 1 Reinsured Policies (the “Phase 1 Effective Time”) and (b) 12:00:01 am, New York City Time, on January 1, 2021 with respect to the Phase 2 Reinsured Policies (the “Phase 2 Effective Time” and, the Phase 1 Effective Time or the Phase 2 Effective Time, as applicable, the “Applicable Effective Time”).

More Definitions of Phase 1 Effective Time

Phase 1 Effective Time means, if Phase 1 Closing occurs on or before 29 February 2024, 23:59 on 31 December 2023; or if Phase 1 Closing occurs after 29 February 2024, 23:59 on the final day of the most recent quarter of the financial year to have been completed prior to Phase 1 Closing.