Ceded Amount definition

Ceded Amount means the amount of each Advance (or any portion thereof) specified by the Lender in any Demand Notice;
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Ceded Amount the portion of the Policy Death Benefit that is ceded to Reinsurer as specified in Exhibit 2, Life Benefits Schedule. For Facultative Reinsurance, the Ceded Amount is that percentage of the Policy Death Benefit for which Ceding Company accepts Reinsurer’s offer to reinsure. Continuation – a new Policy replacing a Policy or a change in an existing Policy issued or made either
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Examples of Ceded Amount in a sentence

  • Waiver Ceded Amount This field contains the policy waiver amount ceded.

  • This summary provides the Cession Count, Ceded Amount and Net Amount at Risk at the beginning of the reporting period, a summary of the transactions occurring during the report period as well as what is in force as of the ending of the report period.

  • Base Ceded Amount This field contains the policy base amount ceded.

  • Ceded Amount This field contains the policy amount ceded to a specific reinsurer.

  • Ceded Amount This field contains the policy amount ceded to a specific reinsurer Net Amount at Risk This field contains the reinsured net amount at risk (NAR) for a specific reinsurer.

  • Reinsured Net Amount at Risk – the Ceded Amount times the ratio of the Policy Net Amount at Risk over the Death Benefit.

  • Ceded Amount - each coverage # # # Amount ceded to the reinsurer on this coverage.

  • Automatic Limit – the amount specified in Exhibit 1, Retention Limits of Ceding Company used to calculate the maximum Ceded Amount that may be ceded as Automatic Reinsurance.

  • Reinsurance of a Policy shall terminate as of the beginning of the Policy year during which the Ceded Amount to all reinsurers shall be less than one thousand dollars ($1,000).

  • Ceding Company agrees not to cede any Policy as Automatic Reinsurance if the Ceded Amount of the Policy is less than one thousand dollars ($1,000) to all reinsurers.

Related to Ceded Amount

  • Funded Amount means, with respect to any Revolving Obligation (excluding a Synthetic Security) or Delayed Drawdown Collateral Obligation at any time, the aggregate principal amount of advances or other extensions of credit to the extent funded thereunder by the Issuer that are outstanding at such time.

  • Required Spread Account Amount means, for the March 2012 Payment Date and the April 2012 Payment Date, zero, and for any Payment Date thereafter, the product of (i) the Spread Account Percentage in effect on such date and (ii) during (x) the Revolving Period, the Collateral Amount, and (y) during the Controlled Accumulation Period or the Early Amortization Period, the Collateral Amount as of the last day of the Revolving Period; provided that, prior to the occurrence of an Event of Default and acceleration of the Series 2012-1 Notes, the Required Spread Account Amount will never exceed the Class C Note Principal Balance (after taking into account any payments to be made on such Payment Date).

  • Monthly Principal Reallocation Amount means, for any Monthly Period, an amount equal to the sum of:

  • Excluded Amount means, as of any date of determination, with respect to any Asset: (a) any amount that is attributable to the reimbursement of payment by the applicable Borrower of any tax, fee or other charge imposed by any Governmental Authority on such Asset, (b) any interest or fees (including origination, agency, structuring, management or other up-front fees) that are for the account of the applicable Person from whom the applicable Borrower purchased such Asset, (c) any reimbursement of insurance premiums relating to such Asset, (d) any escrows relating to taxes, insurance and other amounts in connection with such Asset which are held in an escrow account for the benefit of the applicable Borrower pursuant to escrow arrangements under the Investment Documents and (e) any amount deposited into the Asset Account in error.

  • Available Spread Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Spread Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Spread Account made or to be made with respect to such date) and (b) the Required Spread Account Amount, in each case on such Transfer Date.