Serviced Business definition

Serviced Business means any portion of the Administered Business that is not Reinsured Business, including the Net Retained Liabilities Policies.
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Serviced Business means the Net Retained Liabilities Policies, the Conversion Policies and the Ceded Reinsurance Agreements to the extent covering the Net Retained Liabilities Policies or the Conversion Policies.
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Serviced Business means the Accommodation Business and all other Subject Business, but excluding all claims under the Serviced Policies and Inuring AXA RE Retrocession Agreements to the extent serviced by ALM pursuant to the Run Off Services and Management Agreement (without taking into account any subcontract or delegation contemplated thereby).
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Examples of Serviced Business in a sentence

  • The Administrator shall (x) designate the authorized signatories for the Accounts; (y) issue drafts and make deposits into and transfers from the Accounts in the name of the Company and (z) engage in all other transactions with respect to the Accounts necessary in connection with the Serviced Business.

  • In the event that the balance in the Collection Account is insufficient to pay on behalf of the Company the amounts set forth above in respect of the Serviced Business and maintain the balance in the Disbursement Account at zero, the Company will, following notice by the Administrator, promptly fund any shortfall.

  • The Parties agree that each payment under the Serviced Business that is advanced by the Administrator on behalf of the Company hereunder shall incur interest from the date of payment by the Administrator to the date of reimbursement by the Company calculated at the 90-day Treasury rate as of the date of payment of such benefit plus 100 basis points.

  • Each net amount due to the Administrator or the Company with respect to any period reflected in a Serviced Business Cash Flow Report and Net Settlement Statement shall be paid in cash by the owing Party no later than ten (10) Business Days after receipt by the Company of the Serviced Business Cash Flow Report and Net Settlement Statement.

  • As consideration for the performance of the Services with respect to the Serviced Business, the Company shall pay to the Administrator the fees set forth on Schedule IV.

  • FEES FOR SERVICES; EXPENSE REIMBURSEMENT 13 Section 4.1. Fees for Services 13 Section 4.2. Expense Reimbursement 13 Section 4.3. Fees for Serviced Business 13 Article V.

  • Claims handling services, including adjustment, agreement and settlement of claims; the securing, for the said purposes, of sufficient documentation as deemed appropriate by PARIS RE concerning claims arising from the Serviced Business; establishing appropriate outstanding or known case reserves in respect of reported losses.

  • Effective October 2, 1995, the Pension Plans shall be Serviced Business, as that term is defined in and for all purposes of the Services Agreement.

  • Indicator/s Lead Partner (Source) Performance data Trend Ç € † Bench- mark Local Targets and Timescales Area of Serviced Business Land (Ha) PKC (SOA 09/11) 7.6 7.6 8.6 Ç - 2009/10 - 12.0 ha 2011/12 - 14 ha Our central location within Scotland continues to be attractive to businesses.

  • The Provider shall be permitted to initially deposit all such commingled funds in accounts of Provider other than the Service Account, provided that the Provider shall within 72 hours thereafter transfer the portion of such commingled funds attributable to the Serviced Business into the Service Account in an automated clearinghouse transaction.