HIG Extension definition

HIG Extension means the extension of the term of each of the Brokerage Management Agreement, the Master Agreement and the Intercompany Agreements for a one-year period to begin on the date that is the first day following the expiration of the term of each such agreement as in effect on the date hereof; provided that if, prior to the first day following the expiration of the term of each such agreement as in effect on the date hereof, the Merger Agreement shall have been terminated and the Two-Year Extension shall have become effective, such extension shall be for a six-month period to begin on the date that is the first day following the expiration of the term of each such agreement as in effect on the date hereof (and prior to the Two-Year Extension); and provided, further, that each such extended agreement shall be on the same terms and conditions as in effect immediately prior to such extension, except that the provisional loss ratio will be adjusted from 61% to 58% (and the actual loss ratios will be adjusted accordingly) and the provisional ceding commission and provisional management fee will be adjusted from 34% to 37% (and the actual ceding commission and management fee will be adjusted accordingly), as applicable.
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Related to HIG Extension

  • Service Extension shall have the meaning set forth in Section 7.1(c).

  • Line Extension means the provision of facilities (including, but not limited to, poles, fixtures, wires, and appurtenances) necessary for delivering electrical energy from the point of origin to one or more of the customer's points of delivery. Facilities provided by the Company to maintain, protect, upgrade, or improve its overall distribution system (even if necessary due to a customer's load addition) are not considered part of a line extension.

  • REO Extension As defined in Section 3.16(a).

  • Resolution Extension Period As defined in Section 2.03(b).

  • Second Extension Period means the period commencing on the day following the First Extended Scheduled Maturity Date and ending on the Second Extended Scheduled Maturity Date.

  • Initial Extension of Credit means the earlier to occur of the initial Borrowing and the initial issuance of a Letter of Credit hereunder.

  • Non-Extension Drawing has the meaning specified in Section 3.5(d).

  • Extension Effective Date has the meaning assigned to such term in Section 2.22(a).

  • Notice of Extension has the meaning specified in Section 2.20.

  • Minimum Extension Condition has the meaning assigned to such term in Section 2.23(b).

  • Non-Extension Notice has the meaning specified in Section 2.10.

  • Extension Term means the time period defined in §2.C.

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Grace Period Extension Date means, if:

  • Contract Term Extension means an extension of the term of this contract, at the request of Purchaser, under this Subsection. This Subsection does not obligate Contracting Officer to grant Contract Term Extension. When such extension is made, Forest Service shall make an appraisal using standard Forest Service methods and appraisal data in effect 45 days prior to the original Termination Date. Bid Premium Rates shall be added to such appraised rates to establish Flat Rates or Tentative Rates for the extension period. In event rates so established would develop Current Contract Value immediately prior to such an extension that is less than Current Contract Value at that time, Flat Rates and Tentative Rates in effect immediately prior to extension shall be retained for the extension period. In consideration for granting an extension, Purchaser shall pay the Government for Purchaser’s failure to cut and remove timber meeting Utilization Standards prior to Contract Term Extension, an amount that shall be the total of the costs to the Government resulting from the delay in harvest of Included Timber. Such costs will be determined by Forest Service and shall include, but not be limited to, the following:

  • Extension Date has the meaning specified in Section 2.19(b).

  • Extension has the meaning specified in Section 2.18(a).

  • Debt service extension base means an amount equal to that

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

  • Extension Period has the meaning specified in Section 3.12.

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).

  • Renewal Application means a document used to collect pertinent data for renewal of permits

  • Non-Extending Bank has the meaning set forth in Section 2.09(a) hereof.

  • Non-Extended Facility has the meaning assigned to such term in Section 3.6(d).