Retentions definition

Retentions means the withholding of portions of the contract price if so agreed upon between the parties, the purpose ofthis shall be to ensure the due fulfilment by the supplier of its obligations in terms of the quotation or the contract;

Retentions. (or “Retain”) means the retention of some employees when the Band, as a result of economic circumstances, must lay off or furlough other employees.

Retentions means the retention of some employees when the Band, as a result of economic circumstances, must lay off other employees.

Examples of Retentions in a sentence

• The policy clause “Other Insurance” shall not apply to any insurance coverage currently held by County, to any such future coverage, or to County’s Self-Insured Retentions of whatever nature.

• This form of insurance will be acceptable provided that all of the Primary and Umbrella or Excess Policies shall provide all of the insurance coverages herein required, including, but not limited to, primary and non-contributory, additional insured, Self-Insured Retentions (SIRs), indemnity, and defense requirements.

• Excess loss reimbursements may result from adjustments to the Projected Payout Multiple or the Payout Multiple, incorrect exposure (Data Call) submissions or resubmissions, incorrect calculations of Reimbursement Premiums or Retentions, incorrect Proof of Loss Reports, incorrect calculation of reinsurance recoveries, or subsequent readjustment of policyholder claims, including subrogation and salvage, or any combination of the foregoing.

• When used, all of the primary and umbrella or excess policies shall provide all of the insurance coverages herein required, including, but not limited to, primary and non-contributory, additional insured, Self-Insured Retentions (SIRs), indemnity, and defense requirements.

• Deductibles and Self-Insured Retentions Any deductibles or self-insured retentions must be declared to and approved by the City.

More Definitions of Retentions

Retentions means those principal amounts, if any, of the Securities that have been allocated in accordance with Section VII of this Master Agreement to any one or more of the Managers without regard to the priorities otherwise set forth in this Master Agreement, the Initial Wire or any Pricing Wire.

Retentions the Net Asset Retention and the Deed of Warranty Retention in the total aggregate amount of £7,100,000;

Retentions. Part A Aggregate Retention: The Part A Aggregate Retention shall be equal to Three Hundred Eighty Five Million Dollars ($385,000,000) in the aggregate. Part B Aggregate Retention: The Part B Aggregate Retention shall be equal to Five Hundred Six Million Dollars ($506,000,000), PLUS the Company's statutory policy reserves released upon death of an insured or otherwise.

Retentions as Landlord shall reasonably approve. In addition, prior to any entry upon the Demised Premises by Tenant or by any Person Within Tenant's Control, Tenant shall deliver or cause to be delivered to Landlord certificates evidencing that all insurance required hereunder is in full force and effect. Whenever, in Landlord's reasonable judgment, good business practice and changing conditions indicate a need for additional or different types of insurance coverage, taking into account customary insurance coverage and policies for comparable buildings in Manhattan, Tenant shall, upon Landlord's request, promptly obtain such insurance coverage, at Tenant's expense.

Retentions means the Section 1 Retention and the Section 2 Retention; The Reinsurance Agreement will contain two aggregate retentions: (i) Section 1 aggregate retention for Chemical, Biological, Radiological, Nuclear and Cyber Acts of Terrorism; and (ii) a Section 2 aggregate retention for all other terrorism events. As such a definition for "Retentions" is now required.These Retentions will not be cross-scheme they will be specific to each Member or Group of Members as specified in the Treaty Schedule. “Retrocession Agreements” means the 2022 Retrocession Agreement and the 2025 Retrocession Agreement; This definition reflects the current 2022 Retrocession Agreement and the 2025 Retrocession Agreement between Pool Re and HM Treasury to be agreed. “Section 1 Retention” means the amount(s) to be borne by a Reinsured in relation to an Event or Events arising in an Underwriting Period in respect of Covered Loss arising from Non-Conventional Acts of Terrorism before indemnity may be obtained from the Reinsurer in accordance with Article 2.1 , such amount being a Retention per Event or Annual Aggregate Retention as the case may bean annual aggregate retention, as determined by the Reinsurer from time to time in accordance with the principles set out in Schedule 2 and notified to the Reinsured in accordance with the Underwriting Manual;as specifiedin the Treaty Schedule; This definition sets out that the Reinsurance Agreement will contain two aggregate Retentions: (i) Section 1 aggregate retention for Chemical, Biological, Radiological, Nuclear and Cyber Acts of Terrorism; and (ii) a Section 2 aggregate retention for all other terrorism events. “Section 2 Retention” means the amount(s) to be borne by a Reinsured in a Underwriting Period in respect of Covered Loss arising from Conventional Acts of Terrorism before indemnity may be obtained from the Reinsurer in accordance with Article 2, such amount being an annual aggregate retention, as determined by the Reinsurer from time to time in accordance with the principles set out in Schedule 2 and as specified in the Treaty Schedule; This definition sets out that the Reinsurance Agreement will contain two aggregate Retentions: (i) Section 1 aggregate retention for Chemical, Biological, Radiological, Nuclear and Cyber Acts of Terrorism; and (ii) a Section 2 aggregate retention for all other Acts of Terrorism. [“Supplemental Deed” means a deed supplemental to this Reinsurance Agreement entered into between the Parties and of evenda...

Retentions has the meaning given to it in Clause 12.3.1.1 (Dependency Events);

Retentions means the Section 1 Retention and the Section 2 Retention;