Examples of New Participants in a sentence
With respect to New Participants, this Contract is deemed to have been executed by the New Participant as of the date on which the New Participant began writing Covered Policies; coverage shall be determined as provided in paragraphs (c) and (d).
Secured Party shall have the right, at any time after the occurrence and during the continuance of an Event of Default in its discretion and without notice to Pledgor, to transfer to or to register in the name of Secured Party or any of its nominees, subject to the terms of this Agreement, any or all of the Pledged Securities.
To recognize that New Participants have limited exposure during this period, the actual Premium as determined by processing the Company’s exposure data shall then be divided in half, the provisional Premium shall be credited, and the resulting amount shall be the total Premium due for the Company for the remainder of the Contract Year.
Special recognition is not given to Companies that do not have exposure for Covered Policies for an entire Contract Year, except for New Participants as required by Article X(1) and X(2) of the Reimbursement Contract.
All New Participants writing new business during the period specified above shall pay a provisional Premium of $1,000 to provide consideration for the contract.
Special recognition is not given to insurers which do not have exposure for Covered Policies for an entire Contract Year, except for New Participants as described in paragraph (c) of this subsection (4).
All New Participants shall enter into a Reimbursement Contract with the Fund.
New Participants during the period of June 1 through November 30: Those Insurers that first begin writing Covered Policies from June 1 through November 30 of a Contract Year must submit a payment of $1,000 on or before the date indicated on the invoice.
All New Participants writing new business during this period shall pay a Premium of $1,000 to provide consideration for the Contract.
For New Participants that are not a member of an NAIC group under which other Companies are active participants in the FHCF, the 45%, 75% or 90% coverage levels may be selected providing that the FHCF Administrator receives executed Contracts within 30 calendar days of the effective date of the first Covered Policy, otherwise, the 45% coverage level shall be deemed.