Ceding Fee definition

Ceding Fee has the meaning set forth in Section 4.2.
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Ceding Fee means an amount by which the asset transfer will be adjusted at Closing pursuant to Exhibit 7.1.2, calculated as follows.
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Ceding Fee. Six and one-half Percent (6.50%) for New Risks and Nine and Three Quarters Percent (9.75%) for In Force Risks OTHER FEES: Expense reimbursements or commissions and any other acquisition expenses incurred to any broker, producer or their agents and any amounts incurred for license and special ceding assessment fees, board, exchange, bureau or joint underwriting assessments or guarantee fund assessments and any administrative, management or service fees incurred, payable or calculated on any premium subject to this Contract. PREMIUM TAX RATE: 2.5% CHECKS PAYABLE TO: Lifestar Reinsurance Limited EFFECTIVE DATE OF THIS AMENDMENT: December 31, 1996 Witness: AMERICAN BANKERS LIFE ASSURANCE COMPANY OF FLORIDA ("American Bankers") By: /s/ Lisa Xxxxxxxx By: /s/ Adam Xxxxxx ----------------- ---------------------------------------------- Its: Vice President/Business Board Chairman -------------------------------------------- Date: February 19, 1997 ------------------------------------------- LIFESTAR REINSURANCE LIMITED ("Reinsurer") By: /s/ Donaxx X. Xxxx By: /s/ Craix X. Xxxxxxxx ------------------ --------------------------------------------- Its: Vice President Finance -------------------------------------------- Date: February 14, 1997 -------------------------------------------
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Examples of Ceding Fee in a sentence

  • Ceding Fee = -($500,000 +$64,516 x Adjustment Factor) Where the “Adjustment Factor” is a number, which may not be less than zero, calculated as follows.

  • The Ceding Fee shall be in addition to any other fees as stated in the Schedule Page.

  • Buyer acknowledges that Gulf National Life Insurance Company consummated an assumption reinsurance transaction with CMIC, effective January 1, 2001, pursuant to which transaction Gulf National Life Insurance Company paid to CMIC a ceding fee of $143,500 (the "CMIC Ceding Fee").

Related to Ceding Fee

  • Closing Fee has the meaning set forth in Section 2.09(c).

  • Management Fee has the meaning given in Section 4.1.

  • Base Servicing Fee means the fee payable to the Servicer on each Distribution Date for services rendered during the related Collection Period, which shall be equal to one-twelfth of the Servicing Rate multiplied by the Pool Balance as of the close of business on the last day of the immediately preceding Collection Period or, with respect to the first Distribution Date, the Original Pool Balance.

  • Facing Fee shall have the meaning provided in Section 3.01(c).

  • Late Payment Fee means the excess of the Price Differential paid as a result of its calculation at the Post-Default Rate over the Price Differential as would have been calculated at the Pricing Rate.

  • Fronting Fee shall have the meaning provided in Section 4.1(c).

  • Target fee, as used in this contract, means the fee initially negotiated on the assumption that this contract would be performed for a cost equal to the estimated cost initially negotiated, adjusted in accordance with paragraph (d) of this clause.

  • Closing Fees means those fees required to be paid on the Closing Date pursuant to the Fee Letter.

  • Monthly Fee means the total consideration, including but not limited to, equipment or locker rental,

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to:

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Servicing Fee means the fee payable to the Servicer for services rendered during each Collection Period, determined pursuant to Section 4.08 of the Sale and Servicing Agreement.

  • Early Termination Fee has the meaning set forth in Section 7.2.

  • Expense Fee As to each Mortgage Loan and any Distribution Date, the product of the Expense Fee Rate and its Stated Principal Balance as of that Distribution Date.

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

  • Exit Fee shall have the meaning specified in the Fee Letter.

  • Ticking Fee has the meaning specified in Section 2.09(b).

  • Program Fee As defined in the Fee Letter.

  • Termination Fee has the meaning set forth in Section 7.02(a).

  • Booking Fee is the fee an Agency charges for scheduling Sign Language Interpreters.

  • Drawing Fee means, with respect to each Draft drawn by TCCI and purchased by any Person on any Drawing Date and subject to the provisions of Section 2.15, an amount equal to the product of (i) the Applicable Rate times the aggregate Face Amount of the Draft, multiplied by (ii) a fraction the numerator of which is the number of days in the term to maturity of such Draft and the denominator of which is 365 or 366, as applicable.

  • Liquidation Fee The fee designated as such in, and payable to the Special Servicer in connection with certain events in respect of a Specially Serviced Mortgage Loan or an Administered REO Property pursuant to, Section 3.11(c).

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.