Economic Reserves definition

Economic Reserves has the meaning assigned to it in the Reinsurance Agreement.

Economic Reserves means: (1) for Coverages in the Level Term Period, the Reinsurer’s Quota Share of (A) the present value of future benefits (net of Third Party Reinsurance) plus (B) the present value of future Expense Allowances and Other Obligations less (C) the present value of future premiums (net of Third Party Reinsurance premiums) at assumptions for mortality and lapse documented in the Milliman Report (which assumptions shall not be re-assessed after the Effective Date), 100% lapse at the end of the Level Term Period, and a 5% discount rate; (2) for Coverages not in the Level Term Period, equal to the Reinsurer’s Quota Share of the Statutory Reserves; and (3) for Waiver of Premium Coverages, equal to the Reinsurer’s Quota Share of the Statutory Reserves. Economic Reserves in aggregate are subject to a minimum of the Reinsurer’s Quota Share of the Statutory Reserves on the Waiver of Premium Coverages, and a maximum of the Reinsurer’s Quota Share of the Statutory Reserves for the Reinsured Liabilities.

Economic Reserves means, as of any date of determination, the aggregate economic reserves with respect to the Financed Policies, determined in accordance with the methodologies set forth on Schedule 1.1(D).

Examples of Economic Reserves in a sentence

• Inherent Industry Risks – Risks of Failing to Discover Economic Reserves Additions The Company’s strategies include focusing on oil and gas prone selected areas in Australia, utilizing a team of highly qualified professionals with expertise and experience in these areas, expanding operations in core areas, continuously assessing new exploration opportunities to complement existing activities and striving for a balance between higher risk exploratory drilling, and lower risk development drilling.

• Increase in Economic Reserves – 50% of Annual LTI Performance Rights The 'Increase in Economic Reserves' vesting condition will be based on the Company realising certain economic Reserve targets over the 3-year measurement period from 1 July 2021 to 30 June 2024 (Measurement Period).

• We consider the Tranche 1a rights to have a market-based vesting criteria through the TSR condition, and the Tranche 1b and Tranche 2 rights to have non-market-based vesting criteria through the Economic Reserves condition and CO2 Emissions condition, respectively.

• Lavie and Miller’s (2008) measure of alliance portfolio internationalization (API) identifies aspects of foreignness in a firm’s alliance portfolio, but some measures within it are problematic such as geographic and economic distance.

• A management fee of £300 per participant is funded by the scheme and this could be supplemented from the current Economic Reserves.

More Definitions of Economic Reserves

Economic Reserves for any Quarterly Accounting Period means Economic Reserves determined with respect to the Third Amendment Additional Policies in accordance with the provisions of Annex A-3 to this Amendment No. 3, provided, however, that for purposes of this Annex D-1, Economic Reserves (1) shall include the amount of IMR, if any, attributable to assets included in the initial Economic Reserve Portfolio and created since the date of this Amendment No. 3, and (2) shall be determined as of the Last Day of the Current Quarterly Accounting Period unless otherwise specified in this Annex D-1.

Economic Reserves means, as of any date of determination, the general account economic reserves with respect to the Covered Insurance Policies as of such date without netting any reserves ceded to reinsurers under the Existing Reinsurance Agreements or the Reinsurer Existing Reinsurance Agreements, as determined by the Reinsurer in accordance with the methodologies and assumptions set forth on Schedule 1.1(E) consistently applied; provided that the term “Economic Reserves” shall not include reserves with respect to any Covered Insurance Policies reinsured on a coinsurance basis under any Underlying Reinsurance Agreement for which the Ceding Company holds the Trust Withheld Assets.

Economic Reserves means the CWA Economic Reserves as defined in the Retrocession Agreement.

Economic Reserves means, as of any date of determination, an amount equal to the greater of (a) zero and (b) an amount calculated by the Reinsurer in accordance with the accounting and actuarial practices of the Reinsurer, consistently applied.

Economic Reserves has the meaning set forth in Exhibit VIII.

Economic Reserves means, as of any date of determination, the general account economic reserves with respect to the Covered Insurance Policies as of such date without netting any reserves ceded to reinsurers under the Existing Reinsurance Agreements or the Reinsurer Existing Reinsurance Agreements, as determined by the Reinsurer in accordance with the methodologies and assumptions set forth on Schedule 1.1(E) consistently applied.

Economic Reserves means an amount calculated in accordance with Schedule 1.1B.