Unamortized Ceding Commission definition

Unamortized Ceding Commission means, as of any date of determination, the unamortized portion of the Ceding Commission as of such date of determination, [REDACTED]
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Unamortized Ceding Commission means, as of any date of determination, the portion of the Ceding Commission that is unamortized as of such date, as determined pursuant to Schedule 1.01(a).
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Unamortized Ceding Commission means, as of any date of determination, the sum of (a) the portion of the Phase 1 Ceding Commission that is unamortized as of such date and (b) the portion of the Phase 2 Ceding Commission that is unamortized as of such date, in each case as determined pursuant to Schedule 1.01(a).
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Examples of Unamortized Ceding Commission in a sentence

  • In the Accounting Period during which (i) plus (ii) plus (iii) minus (iv) as described above, first becomes zero or negative, then, for that and all subsequent Accounting Periods, the Unamortized Ceding Commission will be set equal to zero.

  • No Experience Refund will be paid by the Reinsurer to the Ceding Company after the earliest of: (a) the Unamortized Ceding Commission as described in Article III, Paragraph 2, becomes zero, or (b) the Ceding Company withholds amounts in accordance with Article II, Paragraph 3, item (i) for which payment is due to the Reinsurer as described in the Accounts Receivable Agreement.

  • In the Accounting Period during which (i) minus (ii) as described above, first becomes zero or negative, then, for that and all subsequent Accounting Periods, the Unamortized Ceding Commission will be set equal to zero.

  • The Ceding Company will pay the Reinsurer Interest on the Unamortized Ceding Commission at the end of each Accounting Period, subsequent to the initial Accounting Period, equal to the Unamortized Ceding Commission at the end of the preceding Accounting Period determined in accordance with Paragraph 2 above, times the Interest Expense Rate described in Article II, Paragraph 5.

  • Cluster projects will examine atrocities arising from slavery, colonialism, genocides, war crimes, discrimination and violence against women, labour and minority rights violations, and state repression.

  • Notwithstanding anything to the contrary in this Agreement, if the Unamortized Ceding Commission at the end of any Accounting Period is still positive, but has been reduced during any Accounting Period by an amount less than the Maximum Unamortized Ceding Commission Adjustment, as described in Paragraph 4 below, then such shortfall can be recovered from future positive Unamortized Ceding Commission Adjustments.

  • In the Accounting Period during which (i) plus (ii) minus (iii) as described above, first becomes zero or negative, then, for that and all subsequent Accounting Periods, the Unamortized Ceding Commission will be set equal to zero.

  • Applicant who meet the minimum qualification criteria will be qualified only if their available bid capacity at the expected time of bidding is more than the total estimated cost of the works.

  • At the end of each Accounting Period, the Reinsurer will pay the Ceding Company an Override Commission equal to fifty (50) basis points multiplied by the Unamortized Ceding Commission at the start of the quarter, where the Unamortized Ceding Commission is in accordance with the Underlying Agreement.

  • In addition, within five (5) Business Days following the Recapture Effective Date, the Ceding Company shall pay to the Reinsurer an amount equal to the Unamortized Ceding Commission in cash by wire transfer of immediately available funds.


More Definitions of Unamortized Ceding Commission

Unamortized Ceding Commission means an amount equal to: (a) the Final Company SA Business Ceding Commission, multiplied by (b)(i) the Modco Reserves as of the Recapture Effective Date, divided by (ii) the Modco Reserves as of the Effective Date; provided, however, that as of any date of determination on or following the tenth anniversary of the Effective Date, the Unamortized Ceding Commission will be zero.
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Unamortized Ceding Commission means an amount equal to the product of the Ceding Commission multiplied by a fraction, the numerator of which is (a) twenty (20) minus (b) the full number of years that have elapsed from the Effective Time to the Recapture Effective Time and the denominator of which is twenty (20).
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Unamortized Ceding Commission means an amount equal to: (a) $225,507,330, multiplied by (b)(i) the Modco Reserves as of the Recapture Effective Date, divided by (ii) the Modco Reserves as of the Effective Date; provided, however, that as of any date of determination on or following the tenth anniversary of June 1, 2018, the Unamortized Ceding Commission will be zero.
Sample 1

Related to Unamortized Ceding Commission

  • Ceding Commission shall have the meaning specified in Section 5.2.

  • Trip Cost means the dollar amount of Trip payments or deposits paid by the Insured prior the Insured’s Trip Departure Date and shown on any required application which is subject to cancellation penalties or restrictions. Trip cost will also include the cost of any subsequent pre-paid payments or deposits paid by the Insured for the same Trip, after application for coverage under this plan provided the Insured amends the Application to add such subsequent payments or deposits and pays any required additional plan cost prior to the Insured’s Departure Date.

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Professional Fee Reserve Amount means the total amount of Professional Fee Claims estimated in accordance with Article II.A.2(c) of the Plan.

  • Yield Maintenance Amount means, with respect to any Note, an amount equal to the excess, if any, of the Discounted Value of the Called Principal of such Note over the sum of (i) such Called Principal plus (ii) interest accrued thereon as of (including interest due on) the Settlement Date with respect to such Called Principal. The Yield-Maintenance Amount shall in no event be less than zero.

  • Unpaid Realized Loss Amount With respect to any Class of Subordinated Certificates and as to any Distribution Date, is the excess of (i) the Applied Realized Loss Amounts with respect to such Class over (ii) the sum of (a) all distributions in reduction of such Applied Realized Loss Amounts on all previous Distribution Dates, and (b) the amount by which the Class Certificate Balance of such Class has been increased due to the distribution of any Subsequent Recoveries on all previous Distribution Dates. Any amounts distributed to a Class of Subordinated Certificates in respect of any Unpaid Realized Loss Amount will not be applied to reduce the Class Certificate Balance of such Class.

  • Professional Fee Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses that Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.B of the Plan.

  • Provider fee means the consideration paid for a service contract.

  • Amortization means the gradual extinguishment of an amount in an account by distributing such amount over a fixed period, which may be over the life of the asset or liability to which it applies, or over the period during which it is anticipated the benefit will be realized.

  • Interest Differential is defined in Section 3.4.

  • Commitment Commission shall have the meaning provided in Section 3.01(a).

  • Administration Fee Rate The sum of (i) the Servicing Fee Rate, (ii) the Master Servicing Fee Rate and (iii) the Credit Risk Management Fee Rate.

  • Cost outlier means cases which have an extraordinarily high cost as established in 79.1(5)“f,” so as to be eligible for additional payments above and beyond the initial DRG payment.

  • Consolidated Amortization Expense for any period means the amortization expense of the Issuer and the Restricted Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Selling Commissions means any and all commissions payable to underwriters, dealer managers or other broker-dealers in connection with the sale of Shares, including, without limitation, commissions payable to the Dealer Manager.

  • Developer Fee means the fee earned by the Developer.

  • Utilization Fee Rate means the percentage set forth in Schedule 1 hereto beside the then applicable Level.

  • Housing commission means a housing commission or housing authority as defined under section 3 of the housing cooperation law, 1937 PA 293, MCL 125.603.

  • Special Reimbursement Date means, the special payment date established in connection with a Reimbursement under Special Circumstances as described hereunder “Extraordinary Events and Special Circumstances – Reimbursement Under Special Circumstances and Payment”.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Selling Commission means three percent (3.0%) of the gross proceeds of Shares sold pursuant to this Agreement, or as otherwise agreed between the Company and the Agent with respect to any Shares sold pursuant to this Agreement.

  • Leasing Commissions means leasing commissions incurred by Borrower in connection with leasing any Mortgaged Property or any portion thereof (including renewals of existing Leases).

  • Program Fee Rate is defined in the Fee Letter.

  • Fixed Retained Yield Rate With respect to each Mortgage Loan, a per annum rate equal to the greater of (a) zero and (b) the Mortgage Interest Rate on such Mortgage Loan minus the sum of (i) 6.500%, (ii) the applicable Servicing Fee Rate and (iii) the Master Servicing Fee Rate.

  • Servicing Fee Rate With respect to each Mortgage Loan, 0.50% per annum.

  • Uniform Single Attestation Program for Mortgage Bankers The Uniform Single Attestation Program for Mortgage Bankers, as published by the Mortgage Bankers Association of America and effective with respect to fiscal periods ending on or after December 15, 1995.