AGGREGATE RETENTION definition

AGGREGATE RETENTION shall be equal to the sum of:
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AGGREGATE RETENTION means Aggregate Ultimate Net Losses equal to $495,000,000 as the sum of the Reinsured's carried loss and ALAE reserves (including in each case IBNR) as of December 31, 1997, plus Aggregate Ultimate Net Losses equal to 75.70% multiplied by Subject Net Earned Premium for the period beginning January 1, 1998 and ending at the Effective Date of the Agreement, less paid losses and ALAE for Subject Business for all Accident Years through the Effective Date. The Aggregate Retention shall be determined in accordance with Statutory Accounting Principles (SAP) and applied on a basis consistent with past Reinsured practices. NUCLEAR INCIDENT EXCLUSION CLAUSE - LIABILITY - REINSURANCE - NO. 1B
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AGGREGATE RETENTION shall have the meaning and be determined as set forth in Attachment A.
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Examples of AGGREGATE RETENTION in a sentence

  • UNDER NO CIRCUMSTANCES WILL THE REINSURER'S INDEMNITY OBLIGATION HEREUNDER EXCEED $175,000,000 IN TOTAL IN EXCESS OF THE REINSURED'S AGGREGATE RETENTION.

  • THE REINSURER SHALL INDEMNIFY THE COMPANY 100% OF AGGREGATE ULTIMATE NET LOSSES IN EXCESS OF THE AGGREGATE RETENTION, HOWEVER, THE MAXIMUM AMOUNT OF AGGREGATE ULTIMATE NET LOSSES THAT MAY BE CEDED UNDER THIS AGREEMENT SHALL NOT EXCEED $50,000,000.

  • UNDER NO CIRCUMSTANCES WILL THE REINSURER'S INDEMNITY OBLIGATION HEREUNDER EXCEED $50,000,000 IN TOTAL IN EXCESS OF THE COMPANY'S AGGREGATE RETENTION.


More Definitions of AGGREGATE RETENTION

AGGREGATE RETENTION means Aggregate Ultimate Net Losses equal to $182,000,000.
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Related to AGGREGATE RETENTION

  • Aggregate Reduction has the meaning specified in Section 1.3.

  • Aggregate Reserves means, on any date of determination, the sum of the Loss Reserve, the Dilution Reserve and the Servicing and Yield Reserve.

  • aggregate turnover means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess;

  • Aggregate Overcollateralization Release Amount With respect to any Distribution Date, the lesser of (x) the aggregate of the Principal Remittance Amounts for each Mortgage Pool for such Distribution Date and (y) the amount, if any, by which (i) the Overcollateralization Amount for such date, calculated for this purpose on the basis of the assumption that 100% of the aggregate of the Principal Remittance Amounts for such Distribution Date is applied on such date in reduction of the aggregate Certificate Principal Amount of the Certificates, exceeds (ii) the Targeted Overcollateralization Amount for such Distribution Date.

  • Aggregate Cap means (x) with respect to any four fiscal quarter period through and including the four fiscal quarter period ended after the consummation of the Empire Acquisition, 20% and (y) thereafter, 15%, in each case, of Consolidated EBITDA for the relevant Test Period (calculated prior to giving effect to any add-backs subject to the Aggregate Cap).