Net Retained Line definition

Net Retained Line means, with respect to each Bond, the amount of liability with respect to such Bond that the Company retains net for its own account after any reinsurance, other than the reinsurance provided for in this Agreement and other than amounts payable to the Company from the Lureco Trust Account.
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Net Retained Line means the amount of liability which the Company maintains per reinsurance program after deduction of liability ceded, if any, to any general or specific retrocessions to protect the Company and its quota share reinsurers (including, without limitation, the Reinsurer). The term "reinsurance program" shall be defined as:
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Net Retained Line means the portion of the Reinsurance Entities’ liabilities on, under or in respect of the Subject Business that is net of amounts actually collected by the Reinsurance Entities under Existing Ceded Reinsurance Agreements.
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Examples of Net Retained Line in a sentence

  • To the extent any risk or obligation is assumed by the Reinsurer pursuant to Section 3.2 hereof, the portion of such risk or obligation, when ascertained, shall be payable on demand of the Company at the same time as the Company shall pay its Net Retained Line, with reasonable provision for verification before payment, and the reinsurance shall be payable by the Reinsurer, on the basis of the liability of the Company on the Bonds, without diminution because of the insolvency of the Company.

  • Commencing with the effective date of this Agreement, the Company shall offer to cede to the Reinsurer the quota share ("Quota Share") set forth on the Quota Share Endorsement attached hereto of the Company's Net Retained Line on all Contracts coming within the scope of this Agreement.

  • Commencing with the effective date of this Agreement, the Company shall inform the Reinsurer when the Company believes that it has the opportunity to offer Contract cessions to the Reinsurer in excess of the Company's Net Retained Line (as hereinafter defined).

  • Final participations by the Company that are equal to or less than the Company's authorized Net Retained Line require no cession hereunder to the Reinsurer.

  • MAA believes that FFO is helpful in understanding operating performance in that FFO excludes depreciation expense of real estate assets and certain other non-routine items.Net income per diluted common share is expected to be in the range of $2.97 to $3.05 per diluted common share, or $3.01 per diluted common share at the midpoint, for the full year of 2019.

  • Specifically, the Company will first determine its Net Retained Line and increase its authorization per acceptance up to three hundred percent (300%) of the Company's Net Retained Line to allow for a cession to this Agreement subject to the understanding that said cessions to the Reinsurer shall never be greater than $500,000 per reinsurance program, unless specifically approved by the President or Board of Directors of the Reinsurer.


More Definitions of Net Retained Line

Net Retained Line means that portion of any Net Loss and Allocated Loss Expense that PIC has retained net for its own account after application of all facultative reinsurance and after deduction of all net salvage and other recoveries actually [TOWERS XXXXXX REINSURANCE LOGO]
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Net Retained Line means the amount of liability which the Company maintains per reinsurance program after deduction of liability ceded, if any, to any general or specific retrocessions. The Company may purchase specific and/or catastrophe reinsurance with respect to its Net Retained Lines and it is agreed that such reinsurance will not violate in any way the terms and conditions of this Agreement. The Company may recommend the purchase of retrocessional coverage for the common account of the Company and the Reinsurer with respect to the business ceded hereunder when the Company deems such purchase appropriate, and if such retrocessional coverage is accepted by the Reinsurer the Company may charge the Reinsurer its proportionate share of the cost thereof. The term "reinsurance program" as used hereunder shall be deemed to apply to a reinsured company or a group of related reinsured companies, as the case may be, for each class of Treaty business, separately to each of the two types of Treaty reinsurance referred to under (1) and (2) and to one or more than one reinsured company or one or more than one group of related reinsured companies, as the case may be, for Facultative business as referred to under (3) as follows:
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Net Retained Line means that portion of any Net Loss that PIC has retained net for its own account under a Certificate after application of all facultative reinsurance and after deduction of all net salvage and subrogation recoveries actually made. All subrogation recoveries, or payments recovered or received subsequent to a Loss settlement under this Contract shall be applied as if recovered or received prior to payment or settlement, and all necessary adjustments shall be made by the parties to this Contract. Nothing in this definition, however, shall be construed to mean that Net Loss is not recoverable from CUMIS until the ultimate Net Loss of PIC has been absolutely ascertained.
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Net Retained Line means the amount of liability which the Company maintains per reinsurance program after deduction of liability ceded, if any, to any general or specific retrocessions to protect the Company and its quota share reinsurers (including, without limitation, the Reinsurer), provided, however, that in respect of the Contracts listed on Schedule No. 1 hereto, the Company's Net Retained Line shall be net of the full amount of any aggregate deductibles under such Contracts and such aggregate deductibles shall not be impaired by any losses incurred prior to October 1, 1999. Schedule No. 1 attached to this Amendment is hereby incorporated in and made part of the Agreement. This Amendment shall be retroactively effective to October 1, 1999 and all losses ceded under the Quota Share Agreement shall be recalculated to reflect this Amendment.
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Related to Net Retained Line

  • Fixed Retained Yield The fixed percentage of interest on each Mortgage Loan with a Mortgage Interest Rate greater than the sum of (a) 6.250%, (b) the Servicing Fee Rate and (c) the Master Servicing Fee Rate, which will be determined on a loan by loan basis and will equal the Mortgage Interest Rate on each Mortgage Loan minus the sum of (a), (b) and (c), which is not assigned to and not part of the Trust Estate.

  • Fixed Retained Yield Rate With respect to each Mortgage Loan, a per annum rate equal to the greater of (a) zero and (b) the Mortgage Interest Rate on such Mortgage Loan minus the sum of (i) 6.500%, (ii) the applicable Servicing Fee Rate and (iii) the Master Servicing Fee Rate.

  • Retained Liabilities has the meaning set forth in Section 2.4.

  • Adjusted Consolidated Net Tangible Assets means (without duplication), as of the date of determination, the remainder of:

  • Accretion Termination Date As defined in the Series Supplement.

  • Baseline Period means the 12-month period immediately preceding October 30, 2016.

  • Accrued Liabilities shall include a pro rata contribution to each Employee Benefit Plan or with respect to each such obligation or arrangement for that portion of a plan year or other applicable period which commences prior to, and ends after, the Closing Date, and Accrued Liabilities for any portion of a plan year or other applicable period shall be determined by multiplying the liability for the entire such year or period by a fraction, the numerator of which is the number of days preceding the Closing Date in such year or period and the denominator of which is the number of days in such year or period, as the case may be.

  • Net Earned Premium as used herein is defined as gross earned premium of the Company for the classes of business reinsured hereunder, less the earned portion of premiums ceded by the Company for reinsurance which inures to the benefit of this Contract and less dividends paid or accrued.

  • Retained Declined Proceeds has the meaning specified in Section 2.05(b)(v).

  • Adjusted Consolidated EBITDA means, with respect to the Borrower and the Subsidiaries on a consolidated basis for any period, the Consolidated Net Income of the Borrower and the Subsidiaries for such period plus

  • NERC Interchange Distribution Calculator means the NERC mechanism that is in effect and being used to calculate the distribution of energy, over specific transmission interfaces, from energy transactions.

  • Basic generation service transition costs means the amount by

  • Annualized Consolidated EBITDA means, for any quarter, the product of Consolidated EBITDA for such period of time multiplied by four (4).

  • Material Project EBITDA Adjustments means, with respect to each Material Project:

  • Term SOFR Adjustment means a percentage equal to 0.10% per annum.

  • Section 385 Expanded Group shall have the meaning set forth in Treasury Regulation Section 1.385-1(c)(4) for an “expanded group”.

  • Interim Distribution Date means the date as soon as reasonably practicable after the Plan Implementation Date;

  • Outside Reference Date Not applicable.

  • Adjusted Actual/360 Accrued Interest Amount with respect to any REMIC I Regular Interest referred to in clause (B) of the second sentence of the prior paragraph, for any Interest Accrual Period, is an amount of interest equal to the product of (a) the Net Mortgage Rate then in effect (including as a result of any step-up provision) for the related Mortgage Loan under the original terms of such Mortgage Loan in effect as of the Closing Date (without regard to any modifications, extensions, waivers or amendments of such Mortgage Loan subsequent to the Closing Date, whether entered into by the Master Servicer or the Special Servicer or in connection with any bankruptcy, insolvency or other similar proceeding involving the related Borrower), multiplied by (b) a fraction, the numerator of which is the number of days in such Interest Accrual Period, and the denominator of which is 360, multiplied by (c) the Uncertificated Principal Balance of such REMIC I Regular Interest immediately prior to the Distribution Date that corresponds to such Interest Accrual Period; provided that, if the subject Interest Accrual Period occurs during (x) December of any year that does not immediately precede a leap year or (y) January of any year, then the amount of interest calculated with respect to the subject REMIC I Regular Interest pursuant to this definition for such Interest Accrual Period without regard to this proviso shall be decreased by the Interest Reserve Amount, if any (and the fraction described in clause (B) of the second sentence of the preceding paragraph shall be adjusted accordingly), with respect to the related Mortgage Loan (or any successor REO Mortgage Loan with respect thereto) transferred, in accordance with Section 3.04(c), from the Distribution Account to the Interest Reserve Account on the Master Servicer Remittance Date that occurs immediately following the end of such Interest Accrual Period; and provided, further, that, if the subject Interest Accrual Period occurs during February of any year (or during any December or January preceding the month of the Final Distribution Date), then the amount of interest calculated with respect to the subject REMIC I Regular Interest pursuant to this definition for such Interest Accrual Period without regard to this proviso shall be increased by the Interest Reserve Amount(s), if any (and the fraction described in clause (B) of the second sentence of the preceding paragraph shall be adjusted accordingly), with respect to the related Mortgage Loan (or any successor REO Mortgage Loan with respect thereto) transferred, in accordance with Section 3.05(c), from the Interest Reserve Account to the Distribution Account on the Master Servicer Remittance Date that occurs immediately following the end of such Interest Accrual Period.

  • Post-Closing Straddle Period means the portion of a Straddle Period beginning the day after the Closing Date.

  • Property EBITDA means for any property owned by Ventas, Inc. or any of its Subsidiaries as of the date of determination, for any period of time, the net income (loss) derived from such property for such period, before deductions for (without duplication):

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.