Recapture Effective Date definition

Recapture Effective Date shall have the meaning set forth in Section 13.02.
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Recapture Effective Date shall have the meaning set forth in Section 13.02. “Recipient” shall have the meaning set forth in Section 24.01.
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Recapture Effective Date means the date on which the liability of the Reinsurer with respect to all of the Reinsured Liabilities is terminated pursuant to Section 11.02 or the effective date of the rejection of this Agreement by any Receiver or of a recapture in full.
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Examples of Recapture Effective Date in a sentence

  • This Agreement shall be effective as of October 1, 2021 (the “Effective Date”) and shall remain in force hereunder until the earlier of (a) the date on which the Ceding Company’s liability for all Business Reinsured terminates; and (b) the Recapture Effective Date, provided that the Terminal Cash Settlement has been made.

  • In the event this Agreement is terminated in accordance with Section 13.01 or Section 23.02, the Ceding Company shall calculate a “Terminal Cash Settlement,” determined as of either the Recapture Effective Date or the termination effective date provided for in Section 23.02, as applicable, equal to {(1) - (2) + (3) – (4) + [(5) x (6) / (7)] + (8)}, where: Xxxxxxx Resolution Life Insurance Company and TR Re, Ltd.

  • This finding is tightly associated with the effect of cultural difference, where Chinese culture is more inclined to collectivism while Finnish culture more on the side of individualism.

  • The “Terminal Settlement” shall consist of (i) the Quarterly Net Settlement Amount for the Terminal Accounting Period, and (ii) the Embedded Value Payment with respect to the then in-force Covered Insurance Policies as of the Recapture Effective Date.

  • The Ceding Company will also recapture all, and not less than all, of the reinsurance of the Covered Insurance Policies ceded under this Agreement if termination of this Agreement is awarded by an arbitration panel pursuant to Section 10.3(d); provided that the Recapture Effective Date for any such recapture shall be determined by the arbitration panel unless otherwise agreed between the Parties in writing.

  • In connection therewith, the Ceding Company shall deliver to the Reinsurer, within forty-five (45) calendar days following the Recapture Effective Date, a statement (the “Terminal Settlement Statement”) setting forth the Ceding Company’s computation of the Terminal Settlement, including a good faith calculation of the Embedded Value Payment.

  • Within thirteen (13) Business Days following the Recapture Effective Date, the Ceding Company shall deliver to the Reinsurer a final Quarterly Accounting Report, each as of the Recapture Effective Date (collectively, the “Terminal Accounting Report”), and the final Quarterly Settlement Amount and final Modco Adjustment set forth in such Terminal Accounting Report shall be paid in accordance with Section 7.03.

  • No reinsurance whatsoever or howsoever provided under the Agreement with respect to the Recaptured Policies shall remain in full force and effect from, on or at any time after the Recapture Effective Date; provided, however, that the Parties acknowledge and agree that, notwithstanding anything to the contrary set forth herein, all settlements with respect to any period prior to the Recapture Effective Date shall be completed in accordance with the terms and conditions of the Agreement.

  • When this Amendment has been fully executed by the Ceding Company and the Reinsurer, it will be effective as of the Recapture Effective Date.

  • The Parties agree that on and after the Recapture Effective Date, all liabilities (including the Modco Reserves and the IMR) relating to the Recaptured Policies that are ceded by the Ceding Company to, and assumed by, the Reinsurer under the Agreement are hereby recaptured by the Ceding Company on a cut-off basis as further provided below.


More Definitions of Recapture Effective Date

Recapture Effective Date has the meaning set forth in Section 9.4(a).
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Recapture Effective Date shall have the meaning assigned to such term in Section 8.2.3.
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Related to Recapture Effective Date

  • the Effective Date means each date that the Registration Statement and any post-effective amendment or amendments thereto became or become effective. "Execution Time" shall mean the date and time that this Agreement is executed and delivered by the parties hereto. "Basic Prospectus" shall mean the form of basic prospectus relating to the Securities contained in the Registration Statement at the Effective Date. "Prospectus" shall mean the Basic Prospectus as supplemented by the Prospectus Supplement. "Registration Statement" shall mean the Registration Statement referred to in paragraph (a) above, including incorporated documents, exhibits and financial statements, as amended at the Execution Time. "Rule 415" and "Rule 424" refer to such rules under the Act. Any reference herein to the Registration Statement, the Basic Prospectus, the Prospectus Supplement or the Prospectus shall be deemed to refer to and include the documents incorporated by reference therein pursuant to Item 12 of Form S-3 which were filed under the Exchange Act on or before the Effective Date or the issue date of the Basic Prospectus, the Prospectus Supplement or the Prospectus, as the case may be; and any reference herein to the terms "amend", "amendment" or "supplement" with respect to the Registration Statement, the Basic Prospectus, the Prospectus Supplement or the Prospectus shall be deemed to refer to and include the filing of any document under the Exchange Act after the Effective Date or the issue date of the Basic Prospectus, the Prospectus Supplement or the Prospectus, as the case may be, deemed to be incorporated therein by reference.

  • Release Effective Date means the date the Release becomes effective and irrevocable.

  • Target Effective Date has the meaning specified in Section 2.01(a).

  • IPO Effective Date means the date upon which the Securities and Exchange Commission declares the initial public offering of the Company's common stock as effective.

  • Scheme Effective Date means the date on which a copy of the court order sanctioning the Scheme is duly filed on behalf of the Target with the Registrar of Companies in accordance with Section 899 of the Companies Act.

  • Extension Effective Date has the meaning specified in Section 2.06(c).

  • Initial Effective Date means the date that the Initial Registration Statement has been declared effective by the SEC.

  • Plan Effective Date means the “Effective Date” as defined in the Plan of Reorganization.

  • License Effective Date means, with respect to each Component System of the Licensed System that Company is given the right to access and use, the date as of which the Company is first given such right to access and use.

  • Increase Effective Date has the meaning specified in Section 2.14(d).

  • SEC Effective Date means the date the Registration Statement is declared effective by the Commission.

  • Programme Effective Date means 5 December 2017.

  • Effective Date has the meaning set forth in the preamble.

  • Transfer Effective Date shall have the meaning set forth in each Commitment Transfer Supplement.

  • Restatement Effective Date means the date on which the conditions specified in Section 4.01 are satisfied (or waived in accordance with Section 9.02).

  • Change of Control Effective Date means the first date during the Change of Control Period (as defined in Section 7.2) on which a Change of Control occurs. Notwithstanding anything in this Agreement to the contrary, if a Change of Control occurs and if the Executive’s employment with the Company (or applicable affiliated company) is terminated prior to the date on which the Change of Control occurs, and if it is reasonably demonstrated by the Executive that such termination of employment (i) was at the request of a third party who has taken steps reasonably calculated to effect a Change of Control or (ii) otherwise arose in connection with or anticipation of a Change of Control, then for all purposes of this Agreement the “Change of Control Effective Date” shall mean the date immediately prior to the date of such termination of employment.

  • Merger Effective Date means the date on which the Merger is consummated.

  • Policy Effective Date means the commencement date of these Terms and Benefits which is specified as "Policy Effective Date" in the Policy Schedule.

  • Disability Effective Date means the date on which termination of employment becomes effective due to Disability.

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

  • Contract Effective Date means the date agreed upon by the parties for beginning the period of performance under the contract. In no case shall the effective date precede the date on which the contracting officer or designated higher approval authority signs the document.

  • PAL effective date generally means the date of issuance of the PAL permit. However, the PAL effective date for an increased PAL is the date any emissions unit that is part of the PAL major modification becomes operational and begins to emit the PAL pollutant.

  • Required Effective Date means the relevant Initial Required Effective Date or Increased Required Effective Date (as those terms are defined below).

  • Transition Effective Date has the meaning set forth in Section II.D.3.

  • Agreement Effective Date means the date on which the conditions set forth in Section 2 have been satisfied or waived by the appropriate Party or Parties in accordance with this Agreement.

  • First Restatement Effective Date means the “Restatement Effective Date” as defined in the First Amendment Agreement.