Ceding Fee definition

Ceding Fee has the meaning set forth in Section 4.2.
View Source
Ceding Fee means an amount by which the asset transfer will be adjusted at Closing pursuant to Exhibit 7.1.2, calculated as follows.
View Source
Ceding Fee. Six and one-half Percent (6.50%) for New Risks and Nine and Three Quarters Percent (9.75%) for In Force Risks
View Source

Examples of Ceding Fee in a sentence

  • The Company shall transfer to the Reinsurer an amount of assets equal to the Reserves as of October 31, 1998, as defined in Section 10.5, less the "Ceding Fee" set forth in Section 4.2 ("Closing Net Transfer Amount").

  • The "Ceding Fee" shall be the amount set forth as the Ceding Fee in Schedule 4.1, which Ceding Fee is subject to the return of the amount of $250,000 to Reinsurer if the Company does not transfer the data processing equipment and hardware by the Company to Reinsurer as set forth in Section 12.4. The assets comprising the Closing Net Transfer Amount to be delivered by the Company to Reinsurer are set forth in Schedule 4.1.

  • At the time of Closing, the Company transferred to Reinsurer an amount of assets equal to the Reserves and other policy liabilities attributable to the Policies determined from the policy data maintained by the Company as of December 31, 1995, less a "Ceding Fee," pursuant to the Assumption Agreement subject to a recalculation of the assets, liabilities and the Ceding Fee based on the policy data maintained by the Company as of May 31, 1996, as contemplated by the Assumption Agreement.

  • The Company shall transfer to Reinsurer an amount of assets equal to the Reserves as of December 31, 1997, as defined in Section 10.5, less the "Ceding Fee" (defined below), as determined in Section 4.3 (the "Net Transfer Amount").

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

  • The sum of Losses Incurred, Commission Expense, Ceding Fee and Excise Taxes divided by the Earned Premium.

  • The excess of Losses Incurred, Commission Expense, Ceding Fee, and Excise Taxes over Earned Premium.

  • In the manner described in Section 4.1, the Ceding Fee was determined by an Actuarial Valuation using policy data maintained by the Company as of December 31, 1995, and was subsequently updated in a May 31 Actuarial Appraisal using policy data maintained by the Company as of May 31, 1996, and changes agreed upon by the parties, as contemplated by the Assumption Agreement.

Related to Ceding Fee

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

  • 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).