Fully funded definition

Fully funded means, with respect to any exposure attributed to a protected cell, that the fair value of the protected cell assets, on the date on which the insurance securitization is effected, equals or exceeds the maximum possible exposure attributable to the protected cell with respect to such exposures.

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Fully funded means a funded ratio of at least one hundred percent using the most recent actuarial valuation. For purposes of this subsection, “funded ratio” means the ratio produced by dividing the lesser of the actuarial value of the system’s assets or the market value of the system’s assets, by the system’s actuarial liabilities, using the actuarial method adopted by the investment board pursuant to section 97B.8A, subsection 3.

Fully funded means that, with respect to an SPRV contract, the fair value of the assets held in trust by or on behalf of the SPRV under the SPRV contract on the date on which the SPRV contract is effected, equals or exceeds the aggregate limit as defined in this Article. "Indemnity trigger" means a transaction term by which the SPRV's obligation to pay the ceding insurer for losses covered by an SPRV contract is triggered by the ceding insurer incurring a specified level of losses. "Insolvency" or "insolvent" means that the SPRV is unable to pay its obligations when they are due, unless those obligations are the subject of a bona fide dispute. "Non-indemnity trigger" means a transaction term by which the SPRV's obligation to pay the ceding insurer under an SPRV contract arises from the occurrence or existence of some event or condition other than the ceding insurer incurring a specified level of losses under its insurance or reinsurance contracts. "Permitted investments" means those investments that meet the qualifications set forth in Section 179E-85. "Qualified U.S. financial institution" means, for purposes of meeting the requirements of a trustee under this Article, a financial institution that is eligible to act as a fiduciary of a trust, and that is: (1) organized or, in the case of a U.S. branch or

Examples of Fully funded in a sentence

• Fully funded, good, valid and complete electronic or paper payment instructions submitted in accordance to the terms of this Schedule by End Users.

• Examples of expenditure from the SES Alumni Relations fund: • Development Office staffing costs • Licence fees and management costs (e.g. for the Donorfy Customer Relationship Management system) and Mailchimp (marketing platform for communications) • Events (Fully funded as with the Lansdowne Club drinks event or part funded via a contribution towards the Reunion Weekend) • The Stamford magazine and other general alumni publications.

• Fully funded" means, with respect to a special purpose reinsurance vehicle contract, that the fair value of the assets under the control of the ceding insurer or held in trustfor the benefit of the ceding insurer under the special purpose reinsurance vehicle contract on the date on which the special purpose reinsurance vehicle contract is effected, equals or exceeds the aggregate limit as defined in subsection 1.

• Fully funded members of the NCTRCA are those governmental member entities that have paid the appropriate membership fee as designated by the specific population category as listed in Exhibit “A” attached hereto.

• Fully funded “NHS Continuing Healthcare” is a term used to describe a package of ongoing care, including accommodation if in a care home, arranged and funded solely by the NHS, where it has been assessed that the individual's primary need is a health need.

More Definitions of Fully funded

Fully funded means that, with respect to a SPRV contract, the fair value of the assets held in trust by or on behalf of the SPRV under the SPRV contract on the date on which the SPRV contract is effected, equals or exceeds the aggregate limit as defined in this chapter.

Fully funded means that, with respect to any exposure

Fully funded means funded to the extent necessary to ensure that there is no liability for the Organisation to make any contributions in relation to the benefits accrued up to the Commencement Date.

Fully funded means, as at the time of the future compulsory transfer of employment, an actuarial basis which is no less favourable than that applied in the calculation of, as appropriate, Transfer Amount One or, if greater, Required Transfer Amount One or Transfer Amount Two or, if greater, Required Transfer Amount Two as at the Commencement Date, according to, and calculated using the method and assumptions set out in, the [*** PCSPS Actuary’s Letter ***] or the Supplier’s Actuary’s Letter, as appropriate.

Fully funded means that the applicant seeking certification can demonstrate with documentary evidence that it has assets that equal or exceed 75% of the total budgeted cost of the project. These assets can be owned by the applicant, provided by a third-party pursuant to a financing or funding agreement, or a combination of the two. GDEcD requires proof that the project is Fully Funded at the time the applicant applies for certification. Such proof may include, but is not limited to, SAG, IATSE, or completion bonds, payroll statements, bank statements, financing or funding agreements; but shall not include letters of intent, letters of interest, oral agreements, non-binding agreementsor affidavits.

Fully funded means that the applicant seeking certification can demonstrate that it has assets that equal or exceed 75% of the total

Fully funded as used in this section means that an Employer's GASB Actuary has determined that the market value of assets in the Retiree Health Care Trust Fund equals or exceeds the Actuarial Accrued Liability.