Outgo definition

Outgo means the sum of: (i) Losses and Loss Expense paid by the Reinsurer on losses allocated to the term of this Contract, plus (ii) The outstanding case reserves of the Reinsurer on losses allocated to the term of this Contract, plus (iii) Ceding commission on Income, plus (iv) [***].

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Outgo means the sum of: a. Losses and Loss Adjustment Expense paid by the Reinsurer on Claims Made under this Exhibit A during the term of this Contract, plus b. The outstanding case reserves of the Reinsurer on Claims Made under this Exhibit A during the term of this Contract, plus c. The Reinsurer’s expense allowance of 30.0% of Income, plus d. As respects any Subscribing Reinsurer who participated on any of the Predecessor Contracts defined below, the cumulative deficit from its participation on the Predecessor Contracts, if any (i.e., the amount by which Reinsurer’s share of losses incurred under those contracts exceeds the Reinsurer’s earned premium under those contracts).

Outgo means the sum of the following items relating to the Qualified Business. 1. Incurred losses (losses paid less salvage received and subrogations recovered, plus reserves for losses at the end of the year, less reserves for losses at the beginning of the year) shall not be less than zero. a) Incurred losses shall be limited to the first $100,000 for any one loss or occurrence on a policy per calendar year. 2. Loss-adjustment expenses (loss- adjustment expenses paid, plus reserves for loss adjustment expenses at the end of the year, less reserves for loss- adjustment expenses at the beginning of the year). Such expenses may be based on the Company ratio of loss expense to earned premium. 3. Commissions paid or credited by Company to Agent, excluding Profit- Sharing Commissions paid under this Agreement. 4. Company Underwriting expense, as determined from the consolidated Annual Statement of the Company, applied as a ratio of Underwriting expense to earned premium. 5. Uncollected premiums developed by audit or under reporting form policies for which the Agent is not responsible under the Agency Agreement. If the premiums due are collected, such premiums less expense shall be credited to Agent. 6. Profit and Surplus allowance, equal to five percent of Income. C. "Qualified Business" means all business placed with the Company through the Agent except "Excluded Business."

Examples of Outgo in a sentence

• Such rates will remain the same at 4%, 6%, and 8% of the current year’s premium in subsequent years if the following should occur: The actual Unrestricted General Fund Ending Fund Balance is either equal to or greater than 20% of the Total Expenditures and Other Outgo as reported in the Annual Financial and Budget Report (CCFS-311) filed with the State Chancellor’s Office in the fall semester of the current year.

• The Profit to the Company shall be 100% of the amount by which Income exceeds Outgo.

• Salaries $295,142 $33,060 $328,202 3 3000 Employee Benefits $92,748 $2,900 $95,648 4 4000 Supplies & Materials $184,850 $3,544 $188,394 5000 Other Operating Expenses & Services $307,064 $3,000 $310,064 6 6000 Capital Outlay $978,209 $0 $978,209 7 7000 Other Outgo $1,939 $0 $1,939 Total Expenditure $2,052,085 $108,004 $2,160,089 *District total Title IC adminitration expenditure can not exceed 5% of district total Title IC expenditure.

• In addition to the fixed commission set forth in the section entitled REINSURANCE PREMIUM AND COMMISSION, the Reinsurer shall pay to the Company a contingent commis- sion of 60% of the amount by which the Reinsurer's Income exceeds the Reinsurer's Outgo for each Contingent Period.

• Full Name Email Phone 1 International Relations Division - Outgo- ing Mobility Team ▇▇▇.▇▇.▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇.

• Earnings : Rs.73,36,362 /- Outgo : Rs. 3,99,26,094 /- POWERAND FUELCONSUMPTION PARTICULARS CURRENTYEAR 31ST MARCH, 2010 PREVIOUS YEAR 31ST MARCH, 2009 ALKALI PRODUCTS I.

• The amount by which Income exceeds Outgo is profit The amount by which Outgo exceeds Income is deficit.

• Object of Expenditure Classification Project Funds Requested (1) District Match Funds (2) Other Source (3a) Other Source (3b) Other Source (3c) Grand Total All Funding Sources 1000 Instructional Salaries 2000 Non-instructional Salaries 3000 Employee Benefits 4000 Supplies and materials 5000 Other Operating Expenses and Services 6000 Capital Outlay 7000 Other Outgo 1 Requested Project Funds (note limitations in the total award amount permitted by the RFA specification).

• On the First Excess Cover only, the Reinsurer shall pay to the Company a contingent commission of 66 2/3% of the amount by which the Reinsurer's Income exceeds the Reinsurers' Outgo for each rating period.

More Definitions of Outgo

Outgo means the sum of:

Outgo means the sum of: a. Losses and Loss Adjustment Expense paid by the Reinsurer on Claims Made under this Exhibit A during the term of this Contract, plus b. The outstanding case reserves of the Reinsurer on Claims Made under this Exhibit A during the term of this Contract, plus c. The Reinsurer’s expense allowance of 30% of Income, plus d. As respects any Subscribing Reinsurer who participated on all Predecessor Contracts, the cumulative deficit from the Predecessor Contracts, if any (i.e., the amount by which Reinsurer’s share of losses incurred under those contracts exceeds the Reinsurer’s earned premium under those contracts).

Outgo means: