Renewable Term definition

Renewable Term has the meaning set forth in Section 9.1.
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Renewable Term period from Expiry date, the Institution shall have the option to renew this Agreement for a further period not exceeding fifteen (15) years upon the same terms and conditions contained in this Agreement.
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Examples of Renewable Term in a sentence

  • Reinsurance under this Agreement will be on the Yearly Renewable Term basis on the portion of each policy that is reinsured as described in Schedule A.

  • Reinsurance under this Agreement will be on the Yearly Renewable Term basis for the net amount at risk on the portion of each policy that is reinsured as described in Schedule A.

  • This Agreement, including the attached Schedules, states the terms and conditions of automatic and facultative reinsurance that is on a Yearly Renewable Term basis.

  • Reinsurance under this Agreement is on a Yearly Renewable Term basis.

  • Within ten (10) days after the close of the year, the CEDING COMPANY shall furnish BMA a listing of reinsurance in force by policy, by year of issue, segregated by Yearly Renewable Term and Coinsurance and include statutory reserves for the same.

  • Within ten (10) days following the end of the quarter, the CEDING COMPANY shall provide BMA with totals for the reserve liability including statutory reserves by valuation basis segregated by Yearly Renewable Term and Coinsurance.

  • Reinsurance of Life risks shall be on the Yearly Renewable Term plan.

  • This is a Yearly Renewable Term (YRT) agreement for indemnity reinsurance (the "Agreement") solely between IDS Life Insurance Company (the "Ceding Company"), an insurance company domiciled in the State of Minnesota, and [name of reinsurance company], an insurance company domiciled in the State of [state] (the "Reinsurer"), collectively referred to as the "parties".

  • Life Reinsurance Premiums on a Yearly Renewable Term Basis The life reinsurance premium on the net amount at risk shall be based on rates shown in Exhibit II.

  • RISK PREMIUM REINSURANCE - Another name for Yearly Renewable Term (YRT) reinsurance.

Related to Renewable Term

  • Exempt Renewable Technology means, in all Mitigated Capacity Zones, an Intermittent Power Resource solely powered by wind or solar energy.

  • Licence Term means the Initial Term plus any Further Term; Licensee means You and/or the Permitted Users;

  • Minimum Term means the minimum initial period of service for each Service as shown on the Service Agreement and Order Schedule, such period to start on the date on which the relevant Service is first made available to you for use. For the avoidance of doubt, unless otherwise agreed the minimum term will be 12 months from your contract commencement date or other such date as may be notified to you in accordance with paragraph 19.2.

  • Renewable Resources means one of the following sources of energy: solar, wind, tidal, geothermal, biomass, hydroelectric facilities or digester gas.

  • Renewable resource means: (a) Water; (b) wind; (c) solar