Adjusted Ceding Commission definition

Adjusted Ceding Commission means an amount equal to (i) the Ceding Commission minus (ii) the Net Retained Liabilities Ceding Commission Adjustment with respect to the Net Retained Liabilities as of the Effective Time.
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Adjusted Ceding Commission means the Ceding Commission, as adjusted as of the Closing by (i) adding the Ceding Commission Adjustment Amount, as set forth on Schedule 1.01(d) hereto, to the Ceding Commission, and (ii) thereafter reducing by $5.6 million for every month (pro rated for any incomplete month on the basis of the number of days actually elapsed in such month against the total number of days in such month) between January 1, 2022 and the date on which the Effective Time (as defined in the Reinsurance Agreement) occurs.
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Adjusted Ceding Commission has the meaning set forth in the Master Transaction Agreement.
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Examples of Adjusted Ceding Commission in a sentence

  • On the Closing Date, the Reinsurer shall pay to the Ceding Company an amount equal to the Adjusted Ceding Commission as contemplated in Section 2.09(f) of the Master Transaction Agreement.

  • On the Closing Date, as provided for in the Master Agreement, the Reinsurer shall pay to the Company a ceding commission equal to its share of the Adjusted Ceding Commission, determined and adjusted in accordance with Section 2.01 of the Master Agreement.

  • Purchaser has or will have at Closing sufficient funds available to pay the Adjusted Ceding Commission and to pay all fees and expenses related to the transactions contemplated.


More Definitions of Adjusted Ceding Commission

Adjusted Ceding Commission means an amount equal to (i) the Ceding Commission MINUS (ii) the Net Retained Liabilities Ceding Commission Adjustment with respect to the Net Retained Liabilities as of the Effective Time.
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Adjusted Ceding Commission means the Ceding Commission as adjusted to reflect the actual closing level of General Account Reserves, and Tax Reserves as follows:
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Related to Adjusted Ceding Commission

  • Ceding Commission shall have the meaning specified in Section 5.2.

  • Adjusted CD Rate has the meaning set forth in Section 2.07(b).

  • Adjusted community rate means the rating method used to

  • Election Commission means the Election Commission appointed by the President under article 324;

  • Tax Commission means the Oklahoma Tax Commission;

  • Adjusted gross income means that term as defined in section 62 of the internal revenue code of 1986.

  • Adjusted One Month LIBOR Rate means, an interest rate per annum equal to the sum of (i) 1.00% per annum plus (ii) the Adjusted LIBO Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day); provided that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the Screen Rate at approximately 11:00 a.m. London time on such day.

  • Planning Commission means the Planning Commission of the City.

  • Adjusted Capital means cumulative gross proceeds generated by the Corporation from sales of shares of Common Stock (including proceeds from the Corporation’s distribution reinvestment plan) reduced for amounts paid for share repurchases pursuant to the Corporation’s share repurchase program. The calculation of the Subordinated Incentive Fee on Income for each quarter is as follows:

  • (2) COMMISSION.—The term Commission’ means the Federal Communications Commission.’’

  • Adjusted EPS means earnings per share further adjusted for share-based payments, amortization of acquired intangible assets, items outside the normal scope of our ordinary activities (including other items, within selling, general and administrative expenses, losses/(gains) on items held at fair value and remeasurements through profit and loss, impairment losses on tangible assets, and impairment losses on intangible assets) and the related tax effects of these adjustments. Adjusted EPS provides a basis for comparison of our business operations between current, past and future periods by excluding items that we do not believe are indicative of our core operating performance. Adjusted EPS may not be comparable to other similarly titled metrics of other companies.

  • Total adjusted capital means the sum of:

  • Current Return means the minimum fair combined rate of return on common equity required for

  • Nuclear Regulatory Commission (NRC) means the U.S. Nuclear Regulatory Commission or its duly authorized representatives.

  • Partially Adjusted Capital Account means, with respect to any Member for any taxable year or other period of the Company, the Capital Account balance of such Member at the beginning of such year or period, adjusted for all contributions and distributions made or deemed made to or by such Member during such year or period and all special allocations to such Member pursuant to Section 6.2 with respect to such year or period, but before giving effect to any allocations of Net Profit or Net Loss to such Member pursuant to Section 6.1 with respect to such year or period.

  • Amendment Labor Rates means the schedule of fully-loaded hourly labor rates attached as

  • Adjusted Capital Account means the Capital Account maintained for each Partner as of the end of each Fiscal Year (i) increased by any amounts which such Partner is obligated to restore pursuant to any provision of this Agreement or is deemed to be obligated to restore pursuant to the penultimate sentences of Regulations Sections 1.704-2(g)(1) and 1.704-2(i)(5) and (ii) decreased by the items described in Regulations Sections 1.704-1(b)(2)(ii)(d)(4), 1.704-1(b)(2)(ii)(d)(5) and 1.704-1(b)(2)(ii)(d)(6). The foregoing definition of Adjusted Capital Account is intended to comply with the provisions of Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.

  • City Commission means the legislative body of the City of Miami.

  • Adjusted Total turnover means the turnover in a State or a Union territory, as defined under sub-section (112) of section 2, excluding the value of exempt supplies other than zero-rated supplies, during the relevant period;

  • Federal poverty level means the federal poverty guidelines

  • Joint Commission means the accrediting body whose standards are referred to in these Bylaws.

  • Central Commission means the Central Electricity Regulatory Commission referred to in sub-section (1) of section 76 of the Act;

  • Monthly Report Determination Date The meaning specified in Section 10.7(a).

  • Open Market Adjustment Amount shall have the meaning specified in Section 2(I).

  • Increased Reporting Period means the period commencing after the continuance of an Increased Reporting Event and continuing until the date when no Increased Reporting Event has occurred for 30 consecutive days.

  • Index Determination Date means, in relation to any Index, a date on which such Indexfalls to be determined in accordance with the Conditions;