Closed Block Memorandum definition

Closed Block Memorandum means the memorandum attached hereto as Exhibit G that sets forth the rules governing the establishment and operation of the Closed Block.

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Closed Block Memorandum means the memorandum attached as Exhibit G to the Plan of Reorganization, as amended from time to time.

Closed Block Memorandum. ’ means the memorandum attached hereto as Exhibit G that sets forth the rules governing the establishment and operation of the Closed Block.

Examples of Closed Block Memorandum in a sentence

The Closed Block shall be operated for the exclusive benefit of the Closed Block Policies in accordance with the requirements of this Article IX and the Closed Block Memorandum.
The operation of the Closed Block is described in Article IX of the Plan, and in the Closed Block Memorandum, attached as Exhibit G to the Plan.
The fees shall be in the amounts determined in accordance with the schedule of investment fees specified in the Closed Block Memorandum and shall be charged in lieu of the actual internal investment-related expenses incurred by the Company or any Prudential Affiliate providing such services.
The amounts of such charges shall be determined in accordance with the schedule specified in the Closed Block Memorandum and shall be charged against the Closed Block to adjust funding in connection with Closed Block Policies.
The amounts to be credited or charged shall be determined in accordance with the procedure described in the Closed Block Memorandum.
The fees shall be in the amounts determined in accordance with the schedule specified in the Closed Block Memorandum and shall be charged in lieu of the actual expenses incurred by the Company or any Prudential Affiliate providing such services.
Initial Closed Block Assets shall be determined in accordance with the Closed Block Memorandum.
The Closed Block will be charged for certain taxes (e.g., Federal income tax) using the specific rules described in the Closed Block Memorandum.
Closed Block Memorandum Page 13 September 28, 1999 416 POLICY LOAN UTILIZATION Policy loan utilization rates were developed as of December 31, 1998 from actual data.
The Exhibit F Closed Block Assets and such policy loans, accrued interest and due and deferred premiums shall be brought forward to the Plan Effective Date in accordance with the principles set forth in Section 8.2. The amount of the Company's assets required to support the Closed Block as of the Statement Date is determined as set forth in the Closed Block Memorandum.

More Definitions of Closed Block Memorandum

Closed Block Memorandum has the meaning specified in Section 7.1(a). "Code" means the Internal Revenue Code of 1986, as amended. "Common Stock" means the shares of common stock of the Company. "Company" means, at all times prior to the Effective Date, Standard Insurance Company, a mutual life insurance company organized under the laws of Oregon, and at all times on and after the Effective Date, Standard Insurance Company, a stock life insurance company organized under the laws of Oregon. 2

Closed Block Memorandum has the meaning specified in Section 8.1(a).

Closed Block Memorandum means the Closed Block Memorandum dated December 14, 1998 adopted by the Ceding Company in connection with its conversion from a mutual insurer to a stock insurer, a copy of which is attached hereto as Exhibit A.