First Layer Sample Clauses

First Layer. The Company shall retain the first $90,000 of ultimate net loss each risk, each occurrence. The Reinsurer shall indemnify the Company for 100% of the amount by which the ultimate net loss exceeds the Company’s retention, but the liability of the Reinsurer shall not exceed $160,000 ultimate net loss each risk, each occurrence, and is further subject to the limits set forth below: $480,000 ultimate net loss for all risks in any one loss occurrence. $480,000 ultimate net loss in the aggregate for all loss occurrences each calendar year.
Sample 1Sample 2
First Layer. FCIC’s participation on this layer shall be ninety percent (90%) of the amount by which the Company’s aggregate ultimate net losses exceeds one hundred and fifty percent (150%) but is less than five hundred percent (500%) of aggregate net book premium retained by the Company.
Sample 1Sample 2Sample 3See All (15)
First Layer. 1. The premium for the reinsurance provided under this Agreement shall be computed at the rate of 11.13% of the Company’s gross net written premium on the business covered hereunder. 2. The annual minimum premium for the reinsurance provided under this Agreement is $764,000. 3. The annual deposit premium for the reinsurance provided under this Agreement is $898,000.
Sample 1Sample 2
First Layer. As respects First Professionals Insurance Company: Deposit premium of $28,350,000 payable in equal quarterly installments of $7,087,500, at January 1, April 1, July 1, and October 1, 2003. Adjustable at a rate of 13.5% of GNWP allocated by the Company to the first $1,000,000 of policy limits within 60 days after Agreement expiration on a provisional basis.
Sample 1

Related to First Layer

  • Dark Fiber Loop 2.8.4.1 Dark Fiber Loop is an unused optical transmission facility, without attached signal regeneration, multiplexing, aggregation or other electronics, from the demarcation point at an End User’s premises to the End User’s serving wire center. Dark Fiber Loops may be strands of optical fiber existing in aerial or underground structure. BellSouth will not provide line terminating elements, regeneration or other electronics necessary for AFN to utilize Dark Fiber Loops.

  • Post-Commercial Operation Date Testing and Modifications Each Party shall at its own expense perform routine inspection and testing of its facilities and equipment in accordance with Good Utility Practice as may be necessary to ensure the continued interconnection of the Large Generating Facility with the Participating TO’s Transmission System in a safe and reliable manner. Each Party shall have the right, upon advance written notice, to require reasonable additional testing of the other Party’s facilities, at the requesting Party’s expense, as may be in accordance with Good Utility Practice.