NI Modco Accounts Balance definition

NI Modco Accounts Balance has the meaning set forth in the Indemnity Reinsurance Agreement.
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NI Modco Accounts Balance means, as of any date of determination, the Statutory Book Value of the Eligible Assets in the NI Modco Accounts.
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Examples of NI Modco Accounts Balance in a sentence

  • On the date during which the applicable Effective Time for such Novated Contracts occurs, the Ceding Company shall transfer to the Assuming Company assets with a Statutory Book Value equal to the Funds Withheld Account Balance or NI Modco Accounts Balance, as applicable, with respect to such Novated Contracts.

Related to NI Modco Accounts Balance

  • Pool Balance means, as of any date, the aggregate Principal Balance of the Receivables (exclusive of all Administrative Receivables for which the Servicer has paid the Administrative Purchase Payment, Warranty Receivables for which the Seller has paid the Warranty Purchase Payment and Defaulted Receivables) as of the close of business on such date.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).