Net Transfer Amount definition

Net Transfer Amount means, with respect to an applicable Insurer, Adjusted Statutory Liabilities minus Policy Loan Receivables, minus Premiums Receivable, minus Reinsurance Recoverables, minus Agents Debit Balances and minus Ceding Commission; and for FBIC only, minus any FBIC Separate Account Surplus; and for FFLIC only, minus any FFLIC Separate Account Surplus.
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Net Transfer Amount means the amount set forth on the line item “Net Transfer Amount” reflected on the Pro Forma Master Settlement Statement, the Estimated Master Settlement Statement, the Closing Master Settlement Statement or the Final Master Settlement Statement, as applicable, which amount shall be equal to the Net Settlement Amount less the Ceding Commission, in each case, as reflected in the applicable statement.
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Net Transfer Amount means the amount of assets to be transferred to Reinsurer from Universal as set forth in Section 4.1.
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Examples of Net Transfer Amount in a sentence

  • Payment of the Net Transfer Amount Difference will be accompanied by the payment of interest thereon from the Effective Date to and including the date of payment at an annual rate equal to the 90-Day Treasury Rate in effect on the Effective Date.

  • The Company shall transfer to the Reinsurer an amount of assets equal to the Reserves as of October 31, 1998, as defined in Section 10.5, less the "Ceding Fee" set forth in Section 4.2 ("Closing Net Transfer Amount").

  • If the Net Transfer Amount is less than the Closing Net Transfer Amount, Reinsurer shall transfer assets to the Company equal in amount to such differential ("Adjusting Transfer Amount"), together with interest on the Adjusting Transfer Amount (at the rate of the 6.2% per annum) from the Effective Date to the "Post-Closing Adjustment Date" (as hereinafter defined).

  • The "Ceding Fee" shall be the amount set forth as the Ceding Fee in Schedule 4.1, which Ceding Fee is subject to the return of the amount of $250,000 to Reinsurer if the Company does not transfer the data processing equipment and hardware by the Company to Reinsurer as set forth in Section 12.4. The assets comprising the Closing Net Transfer Amount to be delivered by the Company to Reinsurer are set forth in Schedule 4.1.

  • If the Net Transfer Amount is more than the Closing Net Transfer Amount, the Company shall transfer additional assets to Reinsurer equal in amount to such differential ("Adjusting Transfer Amount"), together with interest on the Adjusting Transfer Amount (at the rate of the 6.2% per annum) from the Effective Date to the "Post-Closing Adjustment Date" (as hereinafter defined).

  • The Company shall transfer to Reinsurer an amount of assets equal to the Reserves as of December 31, 1997, as defined in Section 10.5, less the "Ceding Fee" (defined below), as determined in Section 4.3 (the "Net Transfer Amount").

  • The "Closing Net Transfer Amount" shall be the amount shown on Schedule 4.1 attached hereto, using estimated Reserves and Policy Assets.

  • However, since the Reserves and Policy Assets as of December 31, 1997, will not be determined prior to the Closing Date, the parties agree that, to effect the Closing, the Company shall transfer to Reinsurer at Closing an amount equal to the "Closing Net Transfer Amount" (defined in the next sentence).

  • There shall be a "Post-Closing Adjustment" as set forth in Section 4.3, such that the Closing Net Transfer Amount shall be adjusted to equal the Net Transfer Amount.

  • Immediately following the completion and filing by the Company of its regular Annual Statement with the Tennessee Insurance Division as set forth below, there shall be a "Post- Closing Adjustment" whereby the amounts of the Reserves and Policy Assets that were estimated and used to effect the Closing will be replaced by the actual amounts of the Reserves and Policy Assets as of December 31, 1997, such that the Net Transfer Amount shall be recalculated, using the format of Schedule 4.3 attached hereto.