Required Balance definition

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

• To the extent such aggregate fair market value of such assets exceeds the greater of (a) 102% of the Obligations and (b) the Trust Required Balance as of the last day of such month, the Reinsurer may request the Trustee with the consent of the Company to effect the withdrawal of such excess from the Trust Account, such of the Company not to be unreasonably or arbitrarily withheld, conditioned or delayed.

• Within 10 days after delivery of each such report in respect of such calendar month, the Reinsurer shall deposit additional assets complying with Section 5.04 if required, such that the fair market value of the assets on deposit in the Trust Account is equal to the greater of (a) the Obligations and (b) the Trust Required Balance as of the last day of such month.

• On the date during which such applicable Effective Time occurs, the Ceding Company shall cause the transfer of assets agreed to by the Assuming Company with a Statutory Book Value equal to the Required Balance with respect to such Novated Contracts from the Trust Account to the Assuming Company.

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, 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.

Required Balance has the meaning ascribed thereto in Section 3.1(b).