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Recapture Effective Time definition

Recapture Effective Time shall have the meaning specified in Section 8.2(b)(ii).
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Recapture Effective Time has the meaning set forth in Section 7.2.
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Recapture Effective Time means 12:00:01 a.m. Michigan time on the first day of the calendar quarter in which the Recapture Closing Date occurs.
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Examples of Recapture Effective Time in a sentence

  • Any such termination shall be effective as of the Recapture Effective Time and completed on the date provided for in the Reinsurer Termination Notice; provided, that the Recapture Closing Date is at least five (5) Business Days following the delivery of such Recapture Notice, but in no event later than thirty (30) Business Days following the delivery of the Recapture Notice.

  • Thereupon, as of or on the Recapture Effective Time, all reinsurance coverage under this Agreement solely with respect to the Reinsured Contracts to which such delinquent amount relates shall terminate and the Reinsurer shall have no further liability solely with respect to the Reinsured Contracts to which such delinquent amount relates from the date on which such unpaid amount was originally due, other than the payment of the such Recapture Payment.

  • If the aggregate estimated Statutory Book Value assets in the Funds Withheld Account as of the Recapture Effective Time is less than the Estimated Recapture Payment, then the Reinsurer shall transfer to the Cedant cash or other Funds Withheld Permitted Investments with a Fair Market Value equal to such shortfall on the Recapture Closing Date.

  • In a Chapter 7 liquidation, a Trustee would be appointed to liquidate the Debtor’s property and pay the claims of creditors.

  • In lieu of investment earnings with respect to any such amounts due and owing from one Party to the other Party from the Recapture Effective Time until the date of the Recapture Closing, such owing Party will pay the owed Party interest at an annual rate, compounded monthly, equal to 5% for such period.

  • COLONIAL PENN LIFE INSURANCE COMPANY By: Date: [Name, Title] CONSECO LIFE INSURANCE COMPANY By: Date: [Name, Title] THIS TERMINATION AND RECAPTURE OF AUTOMATIC REINSURANCE AGREEMENT (this “Recapture Agreement”) is entered into effective as of the Recapture Effective Time (as defined below) by and between Bankers Life and Casualty Company, an Illinois domiciled life insurance company (“Ceding Company”), and Wilton Reassurance Company, a Minnesota domiciled life insurance company (“Reinsurer”).

  • The closing of the recapture and other transactions contemplated hereby (the “Recapture Closing”) shall take place on the later of (i) the same day on which the closing of the transactions contemplated by the Stock Purchase Agreement occurs (the “SPA Closing”), or (ii) the Recapture Effective Time.

  • Following delivery of any Recapture Notice pursuant to SECTION 7.2, the Retrocedent shall deliver or cause to be delivered to the Retrocessionaire within thirty (30) Business Days after the Recapture Effective Time, a Subject Business Accounting Report for the Quarterly Accounting Period ended on the Recapture Effective Time, a Reserve Report for the Quarterly Accounting Period ended on the Recapture Effective Time.

  • Respondent has terminated the conduct described above and has established, and agrees to maintain, sanctions compliance measures that are designed to minimize the risk of recurrence of similar conduct in the future.

  • Following delivery of any Recapture Notice pursuant to Section 7.2, the Retrocedent shall deliver or cause to be delivered to the Retrocessionaire within thirty (30) Business Days after the Recapture Effective Time, a Subject Business Accounting Report for the Quarterly Accounting Period ended on the Recapture Effective Time and a Reserve Report for the Quarterly Accounting Period ended on the Recapture Effective Time.

Related to Recapture Effective Time

  • First Effective Time has the meaning specified in Section 2.02.

  • Merger Effective Time has the meaning set forth in Section 2.2.

  • Offer Closing Date has the meaning set forth in Section 1.01(f).

  • Second Effective Time has the meaning specified in Section 2.02.

  • Merger Closing Date the Closing Date (as defined in the Merger Agreement).

  • Effective Time has the meaning set forth in Section 2.2.

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

  • Termination Time means the time at which the right to exercise Rights shall terminate pursuant to Section 5.1 hereof.

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

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

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

  • Make-Whole Fundamental Change Effective Date means (A) with respect to a Make-Whole Fundamental Change pursuant to clause (A) of the definition thereof, the date on which such Make-Whole Fundamental Change occurs or becomes effective; and (B) with respect to a Make-Whole Fundamental Change pursuant to clause (B) of the definition thereof, the applicable Redemption Notice Date.

  • Fundamental Change Effective Date means the date on which any Fundamental Change becomes effective.

  • Distribution Effective Time means 12:01 a.m., Eastern time, on the Distribution Date.

  • Option Closing Date shall have the meaning ascribed to such term in Section 2.2(c).

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

  • Merger Closing means the “Closing” as defined in the Merger Agreement.

  • Acquisition Closing Date means the date on which the Acquisition is consummated.

  • Pre-Closing Straddle Period means the portion of any Straddle Period ending on the Closing Date.

  • 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.

  • Separation Time means the close of business on the earlier of (i) the tenth business day (or such later date as the Board of Directors of the Company may from time to time fix by resolution adopted prior to the Separation Time that would otherwise have occurred) after the date on which any Person commences a tender or exchange offer which, if consummated, would result in such Person's becoming an Acquiring Person and (ii) the Flip-in Date; provided, that if the foregoing results in the Separation Time being prior to the Record Time, the Separation Time shall be the Record Time and provided further, that if any tender or exchange offer referred to in clause (i) of this paragraph is cancelled, terminated or otherwise withdrawn prior to the Separation Time without the purchase of any shares of Common Stock pursuant thereto, such offer shall be deemed, for purposes of this paragraph, never to have been made.

  • 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.

  • 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.

  • Effective Time of the Merger means the time as of which the Merger becomes effective, which shall occur on the Funding and Consummation Date.

  • Pre-Closing Period means any taxable period ending on or before the Closing Date.

  • 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.

Most Referenced Clauses

Most Referenced Definitions