Asset Maintenance Level Sample Clauses

Asset Maintenance Level. The assets in the Segregated Asset Portfolio shall be managed to maintain the aggregate book value of assets at a level equal to or greater than the Modified Coinsurance Reserve, as defined in Schedule B, Paragraph 2, at the end of each Accounting Period. At the end of each Accounting Period, if the book value of the assets in the Segregated Asset Portfolio is less than the Modified Coinsurance Reserve, then the Ceding Company must immediately deposit cash equal to the difference. At the end of each Accounting Period, if the book value of the assets in the Segregated Asset Portfolio is greater than the Modified Coinsurance Reserves, then the Ceding Company may withdraw any or all of the difference in cash. Notwithstanding the preceding, the Ceding Company may withdraw assets from the Segregated Asset Portfolio on a daily basis to pay Benefit Payments, as described in Article IV. Any assets so withdrawn from the Segregated Asset Portfolio will be valued at fair market value and any gain or loss will be attributed to the Segregated Asset Portfolio for the Accounting Period in which the withdrawal took place. SCHEDULE F INVESTMENT POLICY
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Asset Maintenance Level. The assets in the Segregated Asset Portfolio shall be managed to maintain the aggregate book value of assets at a level equal to or greater than the Modified Coinsurance Reserve, as defined in Schedule B, Paragraph 2, at the end of each Accounting Period. At the end of each Accounting Period, if the book value of the assets in the Segregated Asset Portfolio is less than the Modified Coinsurance Reserve, then the Ceding Company must immediately deposit cash equal to the difference. At the end of each Accounting Period, if the book value of the assets in the Segregated Asset Portfolio is greater than the Modified Coinsurance Reserves, then the Ceding Company may withdraw any or all of the difference in cash. Notwithstanding the preceding, the Ceding Company may withdraw assets from the Segregated Asset Portfolio on a daily basis to pay Benefit Payments, as described in Article IV. Any assets so withdrawn from the Segregated Asset Portfolio will be valued at fair market value and any gain or loss will be attributed to the Segregated Asset Portfolio for the Accounting Period in which the withdrawal took place. SCHEDULE F INVESTMENT POLICY Investment Guidelines. The Company shall direct its investment manager to manage the Segregated Asset Portfolio such that the following guidelines are maintained:
Sample 1Sample 2Sample 3
Asset Maintenance Level. The assets in the Segregated Asset Portfolio shall be managed to maintain the aggregate book value of assets at a level equal to or greater than the Modified Coinsurance Reserve, as defined in Schedule B, Paragraph 2, at the end of each Accounting Period. At the end of each Accounting Period, if the book value of the assets in the Segregated Asset Portfolio is less than the Modified Coinsurance Reserve, then the Ceding Company must immediately deposit cash equal to the difference. At #115110 9 12/30/2008 the end of each Accounting Period, if the book value of the assets in the Segregated Asset Portfolio is greater than the Modified Coinsurance Reserves, then the Ceding Company may withdraw any or all of the difference in cash. Notwithstanding the preceding, the Ceding Company may withdraw assets from the Segregated Asset Portfolio on a daily basis to pay Benefit Payments, as described in Article IV. Any assets so withdrawn from the Segregated Asset Portfolio will be valued at fair market value and any gain or loss will be attributed to the Segregated Asset Portfolio for the Accounting Period in which the withdrawal took place. #115110 10 12/30/2008 SCHEDULE F INVESTMENT POLICY Investment Guidelines. The Company shall direct its investment manager to manage the Segregated Asset Portfolio such that the following guidelines are maintained: Investment Objective The Company shall seek to manage the Assets to maximize portfolio yield and total return within the constraints stated herein. New Purchases Although the Company will attempt to remain within the quality, diversification, and other standards outlined below, it is understood by both parties that strict adherence may not be possible for small portfolios. Nevertheless, at no time while the Portfolio is at least $250 million in statutory admitted asset value will purchases be made that will allow the Portfolio to diverge from the standards outlined below without the consent of the Reinsurer.
Sample 1Sample 2

Related to Asset Maintenance Level

  • Maintenance, Etc The Company will maintain, preserve and keep, and will cause each Consolidated Subsidiary to maintain, preserve and keep, its properties which are used in the conduct of its business (whether owned in fee or a leasehold interest) in good repair and working order, ordinary wear and tear excepted, and from time to time will make all necessary repairs, replacements and renewals as the Company may determine to be appropriate to the conduct of its business.

  • Collateral Maintenance The Borrower will not permit the Appraised Value of the Vessel (such value, the “Vessel Value”) to be less than 125% of the aggregate outstanding principal amount of Loans at such time; provided that, so long as any non-compliance in respect of this Section 10.08 is not caused by a voluntary Collateral Disposition, such non-compliance shall not constitute a Default or an Event of Default so long as within 10 Business Days of the occurrence of such default, the Borrower shall either (i) post additional collateral reasonably satisfactory to the Required Lenders in favor of the Collateral Agent (it being understood that cash collateral comprised of Dollars is satisfactory and that it shall be valued at par), pursuant to security documentation reasonably satisfactory in form and substance to the Collateral Agent and the Lead Arrangers, in an aggregate amount sufficient to cure such non-compliance (and shall at all times during such period and prior to satisfactory completion thereof, be diligently carrying out such actions) or (ii) repay Loans in an amount sufficient to cure such non-compliance; provided, further, that, subject to the last sentence in Section 9.01(c), the covenant in this Section 10.08 shall be tested no more than once per calendar year beginning with the first calendar year end to occur after the Delivery Date in the absence of the occurrence of an Event of Default which is continuing.

  • Annual Maintenance Fee In consideration of the license granted to Licensee under Section 2.1, Licensee shall pay Licensor on-going annual maintenance fees of **** on each anniversary of the Effective Date.

  • Property Maintenance Maintain all of its property that is necessary to or useful in the proper conduct of its business in good working condition, ordinary wear and tear excepted.

  • System Maintenance The Trust understands that USBFS will perform periodic maintenance to the System(s), which may cause temporary service interruptions. To the extent possible, USBFS shall notify the Trust of all planned outages and will perform any necessary maintenance during non-business hours.

  • Deferred Maintenance Borrower shall, within six (6) months of the date hereof, perform the deferred maintenance work (the “Deferred Maintenance”) to the Property itemized on Exhibit B hereto. Furthermore, Borrowers shall diligently perform, or cause to be performed, in a timely and workmanlike manner all repairs and maintenance contemplated by and itemized in the Approved Budget.

  • Repairs; Maintenance and Compliance Borrower shall at all times maintain, preserve and protect all franchises and trade names, and Borrower shall cause the Property to be maintained in a good and safe condition and repair and shall not remove, demolish or alter the Improvements or Equipment (except for alterations performed in accordance with Section 5.4.2 below and normal replacement of Equipment with Equipment of equivalent value and functionality). Borrower shall promptly comply with all Legal Requirements and immediately cure properly any violation of a Legal Requirement. Borrower shall notify Lender in writing within two (2) Business Days after Borrower first receives notice of any such non-compliance. Borrower shall promptly repair, replace or rebuild any part of the Property that becomes damaged, worn or dilapidated and shall complete and pay for any Improvements at any time in the process of construction or repair.

  • Repairs; Maintenance (A) Landlord shall, subject to the need therefore not being caused in whole or part by the negligent or willful acts or omission of Tenant, its agents, employees, contractors or assigns, and subject to the aggregate cost thereof over the term not exceeding two (2) months of the then current Rent, maintain the exterior, structural walls, and foundations of the building except for alterations and improvements made by Tenant affecting the foregoing, which shall be Tenant’s responsibility to maintain and repair. Tenant shall throughout the Term, at no cost or expense to Landlord, make all other necessary repairs to the interior and exterior of the Premises, including, without limitation, the roof, the plumbing, the parking lot, mechanical and electrical systems serving the Premises. Tenant shall, in addition, at no cost or expense to Landlord, maintain the Premises, and all fixtures, equipment, Alternations and improvements installed or made by Tenant, by Landlord or any prior tenants contained therein, including, but not limited to, heating, air conditioning, water heater, water pump, plumbing (including sprinkler system), electrical and mechanical systems, in at least as good repair order and condition as the same are in on the Lease Commencement Date or date installed by Tenant, reasonable wear and tear and loss by fire or other casualty (to the extent this Lease is terminated pursuant to Section 21 and insurance proceeds sufficient to replace the same are paid to Landlord or its designee or unless Landlord elects, pursuant to Section 21, to restore the Premises), and promptly at no cost or expense to Landlord, shall make or cause to be made, all necessary repairs, interior and exterior, structural and non structural, foreseen as well as unforeseen. Tenant, at its own cost and expense shall also keep, maintain and repair all sideways, driveways, ground (including lawn care) and parking areas in a clean, neat and orderly condition and shall remove all snow and ice therefrom.

  • Listing and Maintenance Requirements The Common Stock is registered pursuant to Section 12(b) or 12(g) of the Exchange Act, and the Company has taken no action designed to, or which to its knowledge is likely to have the effect of, terminating the registration of the Common Stock under the Exchange Act nor has the Company received any notification that the Commission is contemplating terminating such registration. The Company has not, in the 12 months preceding the date hereof, received notice from any Trading Market on which the Common Stock is or has been listed or quoted to the effect that the Company is not in compliance with the listing or maintenance requirements of such Trading Market. The Company is, and has no reason to believe that it will not in the foreseeable future continue to be, in compliance with all such listing and maintenance requirements.

  • Support and Maintenance RSA agrees to provide the maintenance and support specified in this Support Agreement and You agree to pay RSA's then-current annual support fee ("Support Fee").

Time is Money Join Law Insider Premium to draft better contracts faster.