Reinsurance Percentage definition

Reinsurance Percentage means the coinsurance percentage as shown in Exhibit A.
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Reinsurance Percentage shall be defined as the Reinsurance Amount divided by the Face Amount. The term "Reinsured Net Amount at Risk" shall be defined as the Reinsurance Percentage multiplied by the Policy Net Amount at Risk as of the Processing Date. The term "Processing Date" shall be defined as the policy anniversary.
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Reinsurance Percentage means: · 100% of gross weekly STD benefits; and · 100% of gross monthly LTD benefits. The parties may mutually agree upon a change in the Reinsurance Percentage that shall take effect on or after the date the Agreement has been in force for36 months.
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Examples of Reinsurance Percentage in a sentence

  • The reinsurance provided hereunder shall be on a coinsurance basis at the Reinsurance Percentage.

  • ANLIC (Hawaii) will reimburse --------------------------- Anchor for all the Reinsurance Percentage of commissions (other than trail commissions) incurred on the Modco Reinsurance Premiums.

  • Company agrees to pay Reinsurer reinsurance premiums equal to the Reinsurance Percentage multiplied by the collected premiums less the returns and cancellations.

  • Upon the effective date ----------------------------------- of any recapture in which the Recapture Percentage is less than 100%, the Reinsurance Percentage shall be reduced to that percentage equal to the product of (i) 100% less the Recapture Percentage, and (ii) the Reinsurance Percentage ---- in effect immediately before such recapture.

  • Likewise, Reinsurer and Company shall share, in the same proportion as the Reinsurance Percentage, any special expenses for investigative or legal fees (excluding salaries, retainers, or ordinary administrative and overhead expenses).

  • The Reinsurer shall be liable to the Company for the Reinsurance Percentage of contractual benefits (i.e. benefits specified in the Policies) reinsured under this Agreement and paid to the extent of the liability of the Company for the underlying risk.

  • Anchor will pay to ANLIC (Hawaii) (i) the Reinsurance Percentage of all Charges for all Annuities, and (ii) the Fixed Account Investment Spread if such amount is a positive amount.

  • On a complete surrender by the ---------------- Contractholder of an Annuity during the accumulation phase of such Annuity, ANLIC (Hawaii) will pay Anchor the Reinsurance Percentage of the sum of (i) the Separate Account Value, and (ii) the Transferred Fixed Account Value of such Annuity, as paid by Anchor on an Annuity reinsured hereunder adjusted for any required market value adjustment under such Annuity, each less any applicable ---- charges and deductions (the "Total Surrender Payment").

  • Reinsurer shall establish and maintain reserves in proportion to the Reinsurance Percentage in accordance with applicable statutory accounting standards.

  • The liability of Reinsurer shall include a pro rata share of any non-forfeiture benefits under the Policies in accordance with the Reinsurance Percentage.


More Definitions of Reinsurance Percentage

Reinsurance Percentage shall be defined as the Reinsurance Amount divided by the face amount. The term "Reinsured Net Amount at Risk" shall be defined as the Reinsurance Percentage multiplied by the Policy Net Amount at Risk as of the Processing Date. If the REINSURED'S approval is needed for or results in any change in the death benefit or the Policy Net Amount at Risk, the Reinsurance Amount and Reinsurance Percentage shall be recalculated as of the effective date of any such approved change, subject to the provisions of the "REINSURANCE LIMITS" article of the Agreement. If either the death benefit or the Policy Net Amount at Risk increases without being subject to the REINSURED'S approval, the LINCOLN shall accept automatically the Reinsurance Percentage of such increase, but at no time shall the Reinsured Net Amount at Risk exceed 150% of the Reinsurance Amount, as defined above. Any policy Net Amount at Risk in excess of 150% of the Reinsurance Amount shall be retained entirely by the REINSURED. Any subsequent decreases of the increased Policy Net Amount at Risk shall first be applied to decrease the REINSURED'S retention to 150% of its, initial retention and any further decreases shall reduce the REINSURED'S retention and the Reinsured Net Amount at Risk proportionately.
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Reinsurance Percentage. 100 percent, as adjusted pursuant to Section ----------------------- 9.5.
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Reinsurance Percentage means the value of the Goods and/or Services insured in relation to the country of the Reinsurer as a percentage of the aggregate value of the Goods and/or Services as calculated in the manner set out in Appendix A, or any other percentage value agreed upon between the Insurer and the Reinsurer; Where the context of this Agreement so allows words importing the singular include the plural and vice versa. Article headings are for ease of reference only and do not form part of this Agreement.
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Related to Reinsurance Percentage

  • Investment Percentage means a percentage established for each Partner on the Partnership's books as of the first day of each Fiscal Period. The Investment Percentage of a Partner for a Fiscal Period will be determined by dividing the balance of the Partner's Capital Account as of the commencement of the Fiscal Period by the sum of the Capital Accounts of all of the Partners as of the commencement of the Fiscal Period. The sum of the Investment Percentages of all Partners for each Fiscal Period will equal 100%.

  • Shift Percentage As to any Distribution Date occurring during the five years beginning on the first Distribution Date, 0%. For any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date as follows: for any Distribution Date in the first year thereafter, 30%; for any Distribution Date in the second year thereafter, 40%; for any Distribution Date in the third year thereafter, 60%; for any Distribution Date in the fourth year thereafter, 80%; and for any Distribution Date thereafter, 100%.

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Applicable Facility Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Spread Account Percentage means, (i) 0% if the Quarterly Excess Spread Percentage on such Payment Date is greater than or equal to 5.00%, (ii) 2.00% if the Quarterly Excess Spread Percentage on such Payment Date is less than 5.00% and greater than or equal to 4.50%, (iii) 2.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 4.50% and greater than or equal to 4.00%, (iv) 3.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 4.00% and greater than or equal to 3.50%, (v) 4.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 3.50% and greater than or equal to 3.00%, (vi) 5.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 3.00% and greater than or equal to 2.50%, (vii) 6.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 2.50% and greater than or equal to 1.50%, (viii) 7.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 1.50% and greater than or equal to 0.50% and (ix) 8.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 0.50%.

  • Discount Percentage shall have the meaning specified in Section 2.11.

  • Facility Fee Percentage means the applicable percentage per annum ----------------------- determined, at any time, based on the range into which Borrower's Credit Rating (if any) then falls, in accordance with the following tables. Any change in the Facility Fee Percentage shall be effective immediately as of the date on which any of the rating agencies announces a change in the Borrower's Credit Rating or the date on which the Borrower has no Credit Rating, whichever is applicable. The Facility Fee Percentage during the time, from time to time, that the Borrower maintains an Investment Grade Credit Rating by either Xxxxx'x or S&P shall be as follows: Range of Borrower's Credit Rating Percentage of S&P/Moody's Ratings Maximum Credit Amount ------------------- --------------------- below BBB-/Baa3 0.00% BBB-/Baa3 0.20% BBB/Baa2 0.20% BBB+/Baa1 0.15% A-/A3 0.15% If at any time the Borrower has a Credit Rating by both Moody's and S&P which Credit Ratings are split, then: (A) if the difference between such Credit Ratings is one ratings category (e.g. Baa2 by Moody's and BBB- by S&P), the Facility Fee Percentage shall be the rate per annum that would be applicable if the highest of the Credit Ratings were used; and (B) if the difference between such Credit Ratings is two ratings category (e.g. Baa1 by Moody's and BBB- by S&P), the Facility Fee Percentage shall be the rate per annum that would be appli- cable if the median of the applicable Credit Ratings is used.

  • Applicable Multicurrency Percentage means, with respect to any Multicurrency Lender, the percentage of the total Multicurrency Commitments represented by such Multicurrency Lender’s Multicurrency Commitment. If the Multicurrency Commitments have terminated or expired, the Applicable Multicurrency Percentages shall be determined based upon the Multicurrency Commitments most recently in effect, giving effect to any assignments.

  • Collateral Floating Percentage means, with respect to any Distribution Date, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is equal to the Collateral Invested Amount as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Adjusted Invested Amount as of the close of business on such last day; provided, however, that with respect to the first Monthly Period, the Collateral Floating Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Collateral Initial Invested Amount and the denominator of which is the Initial Invested Amount.

  • Relevant Percentage means, in respect of any Subsidiary Issuer, the percentage as specified in the relevant Pricing Supplement;

  • Senior Enhancement Percentage With respect to any Distribution Date, the percentage obtained by dividing (x) the sum of (i) the aggregate Class Certificate Balance of the Subordinated Certificates and (ii) the Subordinated Amount (in each case after taking into account the distributions of the Principal Distribution Amount for such Distribution Date) by (y) the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date.

  • Note Percentage means (i) for each Payment Date until the aggregate principal amount of each Class of Notes has been paid in full, 100%; and (ii) thereafter, 0%.

  • Asset Percentage has the meaning specified in Section 2.05(b)(ii).

  • Strike Percentage means 100%

  • Revolving Percentage as to any Revolving Lender at any time, the percentage which such Lender’s Revolving Commitment then constitutes of the Total Revolving Commitments or, at any time after the Revolving Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender’s Revolving Loans then outstanding constitutes of the aggregate principal amount of all Revolving Loans then outstanding; provided that in the event that the Revolving Loans are paid in full prior to the reduction to zero of the Total Revolving Commitments, the Revolving Percentages shall be determined in a manner designed to ensure that the other outstanding Revolving Extensions of Credit shall be held by the Revolving Lenders on a comparable basis.

  • Applicable Dollar Percentage means, with respect to any Dollar Lender, the percentage of the total Dollar Commitments represented by such Dollar Lender’s Dollar Commitment. If the Dollar Commitments have terminated or expired, the Applicable Dollar Percentages shall be determined based upon the Dollar Commitments most recently in effect, giving effect to any assignments.

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Applicable L/C Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 3.08(a) hereof as set forth in the Pricing Schedule.

  • Applicable Percentage means, with respect to any Lender, the percentage of the total Commitments represented by such Lender’s Commitment. If the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any assignments.

  • Performance Percentage means the factor determined pursuant to a Performance Schedule that is to be applied to a Target Award and that reflects actual performance compared to the Performance Target.

  • Credit Enhancement Percentage For any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the sum of the aggregate Certificate Principal Balances of the Mezzanine Certificates and the Class CE Certificates, and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans, calculated after taking into account distributions of principal on the Mortgage Loans and distribution of the Principal Distribution Amount to the Certificates then entitled to distributions of principal on such Distribution Date.

  • Funded Percentage means, with respect to any Lender at any time, a percentage equal to a fraction the numerator of which is the amount actually disbursed and outstanding to Borrower by such Lender at such time and the denominator of which is the total amount disbursed and outstanding to Borrower by all of the Lenders at such time.

  • Revolver Percentage means, for each Lender, the percentage of the Revolving Credit Commitments represented by such Lender’s Revolving Credit Commitment or, if the Revolving Credit Commitments have been terminated, the percentage held by such Lender (including through participation interests in Reimbursement Obligations) of the aggregate principal amount of all Revolving Loans and L/C Obligations then outstanding.

  • Funding Percentage means with respect to any Payment Date, the percentage derived from the fraction the numerator of which is the Pre-Funded Amount and the denominator of which is the sum of the aggregate Principal Balance of Receivables transferred to the Trust and the Pre-Funded Amount, in each case, as of the last day of the related Collection Period.

  • Allocable Percentage means, on any date of determination thereof, a fraction the denominator of which shall be equal to the number of Borrowers who are parties to this Agreement on such date and the numerator of which shall be 1; provided, however, that such percentages shall be modified in the event that contribution from a Borrower is not possible by reason of insolvency, bankruptcy or otherwise by reducing such Borrower’s Allocable Percentage equitably and by adjusting the Allocable Percentage of the other Borrowers proportionately so that the Allocable Percentages of all Borrowers at all times equals 100%.

  • PO Percentage As to any Discount Mortgage Loan, a fraction (expressed as a percentage) the numerator of which is the excess of the Required Coupon over the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is such Required Coupon. As to any Non-Discount Mortgage Loan, 0%.