Recapture Fee definition

Recapture Fee shall have the meaning specified in Section 11.3.

Recapture Fee means the amount determined in accordance with the formula set forth on Exhibit A hereto, which is payable by the Reinsurer to the Company in connection with recapture of the Policies and Post-Closing Policies by the Company pursuant to Section 9.4 hereof.

Recapture Fee has the meaning ascribed thereto in the Amendment.

Examples of Recapture Fee in a sentence

• Any Recapture Fee applicable will be mutually agreed upon by the Company and the Reinsurer, its rehabilitator, conservator, liquidator or statutory successor.

• No Recapture Fee is payable in connection with the recapture of any End of Term Renewal.

• The Recapture Fee shall be equal to an amount to be determined by an actuarial appraisal prepared by a nationally recognized independent actuarial firm in accordance with methodologies agreed upon by the Ceding Company and Reinsurer to determine the value of the Reinsured Policies at such time in a manner consistent with the valuation of the Reinsured Policies as set forth in the Milliman Report and consistent with the determination of the Initial Ceding Commission based on such valuation.

• The Reinsurer shall promptly pay the Company the full amount of the Recapture Fee.

• If the Reinsured Liabilities under the Policies and Post-Closing Policies to be recaptured are secured pursuant to a Security Trust established pursuant to Section 9.4(f), the Company may, in its sole discretion, withdraw assets from the Security Trust having an aggregate Market Value (determined pursuant to the Security Trust Agreement governing such Security Trust) not to exceed the amount of the Recapture Fee.

More Definitions of Recapture Fee

Recapture Fee is that amount the Reinsured agrees to pay the Reinsurer if it elects to recapture Reinsured Policies.

Recapture Fee is as defined in Article XIII, Section 3.

Recapture Fee means the amount set forth in the table below based on the calendar year of the effective date of recapture. 2018 $ 2,500,000 2019 to 2020 $ 1,500,000 2021 to 2027 $ 0 2028 and after Not applicable

Recapture Fee shall have the meaning set forth in Exhibit F.

Recapture Fee has the meaning set forth in Section 9.3(d) of this Agreement.

Recapture Fee means, as of the Recapture Effective Date, the Initial Recapture Fee as amortized on a straight-line basis during the ten (10) year period beginning on the Closing Date, such that the Recapture Fee equals zero as of and following the tenth anniversary of the Closing Date.

Recapture Fee means a 10% fee deductible from a Preferred Member’s Preferred Capital Account upon a Redemption Upon Death payment, such fee being, in part, for the purpose of recouping non-reimbursable fees paid to third-parties who assisted in the placement of the deceased Preferred Member’s investment in the Offering; provided however, for Preferred Members who purchased Interests net of selling commissions, such as Interests purchased through a Registered Investment Advisor, the recapture fee shall be 3.0% of the Capital Contribution.