Proposed Program definition
Examples of Proposed Program in a sentence
Proposed Program Changes shall be divided into two categories: (A) A Proposed Program Change which is not a Material Change requires only notification to, but not approval from, the Reinsurer; and (B) A Proposed Program Change which is a Material Change requires approval from the Reinsurer.
If funds need to be moved in categories, send a revised Proposed Program Budget to your grant manager.
For the avoidance of doubt, Riders on claims status (those Riders for which Claims are being paid under Article III of this Agreement) are excluded from a partial recapture as a result of a Reinsurer’s rejection of a Proposed Program Change, but will be recaptured in the case of a termination of this Agreement.
The parties shall act reasonably and expeditiously to resolve any dispute over whether or not a Proposed Program Change is a material change.
With the adoption and acceptance of this Second Amendment, additional development program entitlements are hereby incorporated into the Proposed Program, as defined herein.
Describe the Proposed Program Change as per Article1, Paragraph 4 (a).
The Ceding Company will provide the Reinsurer with written notice of any Proposed Program Change which is not a Material Change at least 45 days prior to such Proposed Program Change taking effect.
A Proposed Program Change which is not a Material Change shall become effective no earlier than [REDACTED] days after the Ceding Company has provided the Reinsurer with written notice of any such Proposed Program Change.
Any references to the Project in the Master Development Agreement shall now and hereafter be redefined and apply to the Proposed Program as defined herein.
In order to determine whether or not a Proposed Program Change is a Material Change, the Ceding Company shall provide for any Proposed Program Change which could reasonably be expected to affect the Reinsurer’s liability or profitability, the written report in the form set forth in Schedule D, attached hereto, to the Reinsurer at the time written notification of such Proposed Program Change is provided to the Reinsurer under Paragraphs (b) and (c) below.