Common use of LIABILITY OF THE FHCF Clause in Contracts

LIABILITY OF THE FHCF. (1) The SBA shall reimburse the Company, with respect to each Loss Occurrence commencing during the Contract Year for the “Reimbursement Percentage” elected, this percentage times the amount of Ultimate Net Loss paid by the Company in excess of the Company’s Retention, as adjusted pursuant to Article V(28), plus 5% of the reimbursed losses for Loss Adjustment Expense Reimbursement.

Appears in 16 contracts

Samples: Reimbursement Contract (HCI Group, Inc.), Reimbursement Contract (HCI Group, Inc.), Reimbursement Contract (Heritage Insurance Holdings, Inc.)

AutoNDA by SimpleDocs

LIABILITY OF THE FHCF. (1) The SBA shall reimburse the Company, with respect to each Loss Occurrence commencing during the Contract Year for the "Reimbursement Percentage" elected, this percentage times the amount of Ultimate Net Loss paid by the Company in excess of the Company’s 's Retention, as adjusted pursuant to Article V(28), plus 5% of the reimbursed losses for Loss Adjustment Expense Reimbursement.

Appears in 12 contracts

Samples: Reimbursement Contract (United Insurance Holdings Corp.), Reimbursement Contract (Federated National Holding Co), Reimbursement Contract (United Insurance Holdings Corp.)

LIABILITY OF THE FHCF. (1) The SBA shall reimburse the Company, Company with respect to each Loss Occurrence Covered Event commencing during the Contract Year for the “Reimbursement Percentage” elected, this percentage times in the amount of Ultimate Net Loss paid by the Company in excess of the Company’s Retention, as adjusted pursuant to the definition of Retention in Article V(28)V, multiplied by the applicable Coverage Level, plus 510% of the reimbursed losses for Losses as a Loss Adjustment Expense ReimbursementAllowance, the total of which shall not exceed the Company’s Limit.

Appears in 10 contracts

Samples: Reimbursement Contract, Reimbursement Contract, Reimbursement Contract

LIABILITY OF THE FHCF. (1) The SBA shall reimburse the Company, with respect to each Loss Occurrence Covered Event commencing during the Contract Year for the “Reimbursement Percentage” elected, this percentage times the amount of Ultimate Net Loss paid by the Company in excess of the Company’s Retention, as adjusted pursuant to Article V(28), plus 5% of the reimbursed losses Losses for Loss Adjustment Expense Reimbursement.

Appears in 9 contracts

Samples: Reimbursement Contract, Reimbursement Contract (HCI Group, Inc.), Reimbursement Contract

LIABILITY OF THE FHCF. (1) The SBA shall reimburse the Company, with respect to each Loss Occurrence commencing during the Contract Year for the “Reimbursement Percentage” elected, this percentage times the amount of Ultimate Net Loss paid by the Company in excess of the Company’s Retention, as adjusted pursuant to Article V(28), plus 5% of the reimbursed losses for Loss Adjustment Expense Reimbursement.

Appears in 6 contracts

Samples: Reimbursement Contract, Reimbursement Contract, Reimbursement Contract

LIABILITY OF THE FHCF. (1) The SBA shall reimburse the Company, Company with respect to each Loss Occurrence Covered Event commencing during the Contract Year for the “Reimbursement Percentage” elected, this percentage times in the amount of Ultimate Net Loss paid by the Company in excess of the Company’s Retention, as adjusted pursuant to the definition of Retention in Article V(28)V, multiplied by the applicable Coverage Level, plus 5% of the reimbursed losses for Losses as a Loss Adjustment Expense ReimbursementAllowance, the total of which shall not exceed the Company’s Limit.

Appears in 5 contracts

Samples: Reimbursement Contract, Reimbursement Contract, Reimbursement Contract

LIABILITY OF THE FHCF. (1) The SBA shall reimburse the Company, with respect to each Loss Occurrence commencing during the Contract Year for the "Reimbursement Percentage" elected, this percentage times the amount of Ultimate Net Loss paid by the Company in excess of the Company’s 's Retention, as adjusted pursuant to Article V(28), plus 5% of the reimbursed losses for Loss Adjustment Expense Reimbursement.

Appears in 3 contracts

Samples: Reimbursement Contract (Philadelphia Consolidated Holding Corp), Philadelphia Consolidated Holding Corp, Philadelphia Consolidated Holding Corp

LIABILITY OF THE FHCF. (1) The SBA shall reimburse the Company, Company with respect to each Loss Occurrence Covered Event commencing during the Contract Year for the “Reimbursement Percentage” elected, this percentage times in the amount of Ultimate Net Loss paid by the Company in excess of the Company’s Retention, as adjusted pursuant to the definition of Retention in Article V(28)V, multiplied by the applicable Coverage Level, plus 5% 10 percent of the reimbursed losses for Losses as a Loss Adjustment Expense ReimbursementAllowance, the total of which shall not exceed the Company’s Limit.

Appears in 3 contracts

Samples: Reimbursement Contract, Reimbursement Contract, Reimbursement Contract

AutoNDA by SimpleDocs

LIABILITY OF THE FHCF. (1) The SBA shall reimburse the Company, Company with respect to each Loss Occurrence Covered Event commencing during the Contract Year for the “Reimbursement Percentage” elected, this percentage times in the amount of Ultimate Net Loss paid by the Company in excess of the Company’s Retention, as adjusted pursuant to the definition of Retention in Article V(28)V, multiplied by the applicable Coverage Level, plus 5510% of the reimbursed losses for Losses as a Loss Adjustment Expense ReimbursementAllowance, the total of which shall not exceed the Company’s Limit.

Appears in 3 contracts

Samples: Reimbursement Contract, Reimbursement Contract, Reimbursement Contract

LIABILITY OF THE FHCF. (1) The SBA shall reimburse the Company, Company with respect to each Loss Occurrence Covered Event commencing during the Contract Year for the “Reimbursement Percentage” elected, this percentage times in the amount of Ultimate Net Loss paid by the Company in excess of the Company’s 's Retention, as adjusted pursuant to the definition of Retention in Article V(28)V, multiplied by the applicable Coverage Level, plus 510% of the reimbursed losses for Losses as a Loss Adjustment Expense ReimbursementAllowance, the total of which shall not exceed the Company's Limit.

Appears in 2 contracts

Samples: Reimbursement Contract (HCI Group, Inc.), Reimbursement Contract (HCI Group, Inc.)

LIABILITY OF THE FHCF. (1) The SBA shall reimburse the Company, Company with respect to each Loss Occurrence Covered Event commencing during the Contract Year for the “Reimbursement Percentage” elected, this percentage times in the amount of Ultimate Net Loss paid by the Company in excess of the Company’s Retention, as adjusted pursuant to the definition of Retention in Article V(28)V, multiplied by the applicable Coverage Level, plus 5% 10 percent% of the reimbursed losses for Losses as a Loss Adjustment Expense ReimbursementAllowance, the total of which shall not exceed the Company’s Limit.

Appears in 2 contracts

Samples: Reimbursement Contract, Reimbursement Contract

LIABILITY OF THE FHCF. (1) The SBA shall reimburse the Company, with respect to each Loss Occurrence commencing during the Contract Year for the Reimbursement Percentage” Percentage elected, this percentage times the amount of Ultimate Net Loss paid by the Company in excess of the Company’s 's Retention, as adjusted pursuant to Article V(28), plus 5% of the reimbursed losses for Loss Adjustment Expense Reimbursement.

Appears in 2 contracts

Samples: Reimbursement Contract (United Insurance Holdings Corp.), Reimbursement Contract (United Insurance Holdings Corp.)

LIABILITY OF THE FHCF. (1) The SBA shall reimburse the Company, with respect to each Loss Occurrence OccurrenceCovered Event commencing during the Contract Year for the “Reimbursement Percentage” elected, this percentage times the amount of Ultimate Net Loss paid by the Company in excess of the Company’s Retention, as adjusted pursuant to Article V(28), plus 5% of the reimbursed losses Losses for Loss Adjustment Expense Reimbursement.

Appears in 1 contract

Samples: Reimbursement Contract

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