Retained Underwriting Losses Sample Clauses

Retained Underwriting Losses. The portion of the Underwriting Loss which is retained by MIC for its own account pursuant to Article II of this Agreement.
Sample 1
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Retained Underwriting Losses. Notwithstanding anything in Paragraph A to the contrary, MIC shall retain an amount of Underwriting Loss in respect of the Business for any calendar year as determined under this Paragraph B. As of the end of each calendar year, the Retrocessionaire shall determine the amount of Underwriting Loss attributable to each Subsidiary Capital Account that would be allocable to another Subsidiary Capital Account (an "Unrelated SCA") under the Retrocessionaire's Articles of Incorporation in the absence of this Retained Underwriting Losses provision. MIC shall retain Underwriting Loss for a calendar year otherwise ceded to the Retrocessionaire under Paragraph A to the extent that the Underwriting Loss otherwise allocable to an Unrelated SCA would cause the Combined Ratio of such Unrelated SCA to be more than five (5) points higher than it would have been for the calendar year in the absence of the Retrocessionaire's allocation of Underwriting Loss to Unrelated SCA's under the Retrocessionaire's Articles of Incorporation.
Sample 1
Retained Underwriting Losses. 1. Retained Underwriting Losses for the calendar year.
Sample 1

Related to Retained Underwriting Losses

  • Underwriting Fee The Underwriting Fee payable by BIP to the Underwriters pursuant to the Offering shall be calculated based on all of the Units purchased hereunder. The Underwriting Fee payable by BIP to the Underwriters pursuant to the Over-Allotment Option shall be calculated based on all of the Additional Units purchased hereunder.

  • Deferred Underwriting Commission The Underwriters agree that 3.5% of the gross proceeds from the sale of the Firm Units ($3,500,000) and the Option Units (up to $525,000), if any (collectively, the “Deferred Underwriting Commission”), will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Underwriters for their own accounts upon consummation of the Company’s initial Business Combination. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Underwriters agree that: (i) they shall forfeit any rights or claims to the Deferred Underwriting Commission; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Stockholders.

  • Price and Underwriting Discounts In the case of an underwritten Demand Registration or Underwritten Takedown requested by Holders pursuant to this Agreement, the price, underwriting discount and other financial terms of the related underwriting agreement for the Registrable Securities shall be determined by the Holders representing a majority of the Registrable Securities included in such underwritten offering.

  • Other Underwriting Agreements The Company is not a party to any agreement with an agent or underwriter for any other “at the market” or continuous equity transaction.

  • Underwriting Discount In consideration of the services to be provided for hereunder, the Company shall pay to the Underwriters, with respect to any Offered Securities sold to investors in this Offering, a seven percent (7%) underwriting discount.

  • Funding Losses Upon written demand of any Lender (with a copy to the Administrative Agent) from time to time, which demand shall set forth in reasonable detail the basis for requesting such amount, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense actually incurred by it as a result of:

  • ALLOCATION OF DISTRIBUTION FEE Assuming that the Distribution Fee remains constant over time so that Part IV hereof does not become operative:

  • Assuming Bank’s Liquidation of Remaining Single Family Shared-Loss Loans In the event that the Assuming Bank does not conduct a Portfolio Sale pursuant to Section 4.1, the Receiver shall have the right, exercisable in its sole and absolute discretion, to require the Assuming Bank to liquidate for cash consideration, any Single Family Shared-Loss Loans held by the Assuming Bank at any time after the date that is six months prior to the Termination Date. If the Receiver exercises its option under this Section 4.2, it must give notice in writing to the Assuming Bank, setting forth the time period within which the Assuming Bank shall be required to liquidate the Single Family Shared-Loss Loans. The Assuming Bank will comply with the Receiver’s notice and must liquidate the Single Family Shared-Loss Loans as soon as reasonably practicable by means of sealed bid sales to third parties, not including any of the Assuming Bank’s affiliates, contractors, or any affiliates of the Assuming Bank’s contractors. The selection of any financial advisor or other third party broker or sales agent retained for the liquidation of the remaining Single Family Shared-Loss Loans pursuant to this Section shall be subject to the prior approval of the Receiver, such approval not to be unreasonably withheld, delayed or conditioned.

  • Certain Agreements of the Underwriters Each Underwriter hereby represents and agrees that:

  • Certain Agreements of the Underwriter The Underwriter hereby represents and agrees that:

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