NGE Standards definition

NGE Standards has the meaning set forth in Section 2.3(a).

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NGE Standards has the meaning set forth in Section 2.8.

Examples of NGE Standards in a sentence

• The Reinsurer may, from time to time, make recommendations to the Ceding Company with respect to Non-Guaranteed Elements so long as such recommendations comply with the NGE Standards.

• The Ceding Company shall fully consider all such recommendations and act reasonably and in good faith in determining whether any such recommendations should be accepted; provided that it shall be deemed unreasonable for the Ceding Company to reject or otherwise fail to implement or put into effect any recommendation that is timely given and complies with the NGE Standards.

• The Reinsurer may, from time to time (including during the notice period specified above), make recommendations to the Ceding Company with respect to Non-Guaranteed Elements, including revisions to the planned change, so long as the recommendations comply and are consistent with the NGE Standards (including any exceptions thereto mutually agreed in writing).