Additive Basis definition

Additive Basis means the financial information from each of the relevant companies is added together when determining the amount(s) to be used in the calculations required in this agreement. Affiliate means any corporation or other entity that is controlled by, controls, or is under common control with, Borrower.
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Additive Basis means the financial information from each of the relevant companies is added together when determining the amount(s) to be used in the calculations required in this agreement.
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Examples of Additive Basis in a sentence

  • The Borrower shall cause the ratio of Net Written Premiums to policyholder’s surplus for all Insurance Subsidiaries, on an Additive Basis, as of the last day of each fiscal year of its Insurance Subsidiaries, to be no greater than 3.0:1.0.

  • The ratio of Net Losses plus Insurance Operating Expenses to Net Premiums Written for all Insurance Subsidiaries, as of the last day of each fiscal year, on an Additive Basis, shall not exceed 106% for any one year or 100% for any two consecutive years based on the Annual Statements filed with the FOIR.

  • The ratio of Net Losses plus Insurance Operating Expenses to Net Premiums Written for all Insurance Subsidiaries, as of the last day of each fiscal year, on an Additive Basis, shall not exceed 104% for any one year or 99% for any two consecutive years based on the Annual Statements filed with the FOIR.

  • The ratio of Net Written Premiums to policyholder’s surplus for all Insurance Subsidiaries, on an Additive Basis, shall not exceed 3.2 to 1.0 as of December 31, 2002 and 2.5 to 1 as of the last day of all subsequent fiscal years.

  • The ratio of Net Losses to Net Premiums Written for all Insurance Subsidiaries, as of the last day of each fiscal year, on an Additive Basis, shall not exceed 70% for any one year or 65% for two consecutive years based on the Annual Statements filed with the FOIR.