Required Balance has the meaning set forth in the Reinsurance Agreement.
Required Balance means the balance of the relevant Customer's Account or the designated account (as the case may be), which shall be debited by the Bank for providing the relevant type of Funds Transfer Service according to an Instruction, which comprises of the requested Transferred Funds and the applicable Service Charges.
Required Balance means [***]
Examples of Required Balance in a sentence
At all times, Company shall maintain funds in the Collateral Account equal to the Required Balance.
In the event the actual balance in the Collateral Account is less than the Required Balance, Company shall, within two (2) Business Days, make a payment into the Collateral Account in an amount equal to the difference between the Required Balance and the actual balance in such account.
More Definitions of Required Balance
Required Balance means, as of any date of determination, an amount calculated by the Ceding Company equal to (a)(i) [REDACTED] multiplied by (ii) the Base Amount as of such date of determination minus (b) an amount equal to the Unamortized Ceding Commission.
Required Balance means one hundred percent (100%) of the amount equal to (a) the Reserves on the Policies and Post-Closing Policies, plus (b) other liabilities relating to the Policies and Post-Closing Policies, which shall be calculated in accordance with the methodology set forth on Exhibit D hereto, minus (c) the amount of outstanding loans under the Policies and Post-Closing Policies (to the extent such loans constitute admitted assets under Connecticut SAP).
Required Balance shall have the meaning set forth in subsection 34(a) hereof.
Required Balance means [***].
Required Balance means, as of any date, the amount equal to the Reinsurer’s Quota Share of the Statutory Reserves with respect to the Reinsured Policies.
Required Balance means, with respect to any Settlement Date, an amount ---------------- equal to (a) the Aggregate Capital on such Settlement Date divided by (b) (i) one minus (ii) the Applicable Percentage.
Required Balance shall have the meaning set forth in Schedule 31.