Plan ASA definition
Plan ASA means each administrative services agreement between the Ceding Company and any Plan sponsor related to a Covered Insurance Policy. A list of all Plan ASAs is attached hereto as Exhibit I.
Plan ASA means each administrative services agreement between the Ceding Company and any Plan sponsor related to a Covered Insurance Policy. A list of all Plan ASAs is attached hereto as Exhibit I. "Premiums" means premiums, considerations, deposits, loan repayments and other receipts received in respect of the Covered Insurance Policies, including any amounts received under any Plan ASA. "Purchase Agreement" has the meaning set forth in the recitals. "RBC Ratio" means, with respect to the Reinsurer, the percentage equal to (i) the quotient of the Total Adjusted Capital of the Reinsurer DIVIDED BY the Company Action Level RBC, MULTIPLIED BY(ii) 100. "RBC Reporting Deadline" means, as of any date, the date that is either: (i) sixty (60) calendar days after the end of each calendar year, or (ii) forty-five (45) calendar days after the end of any calendar quarter other than the calendar quarter ending on December 31. "Recapture Date" has the meaning set forth in Section 7.3(a). "Recapture Triggering Event" means either of the following occurrences: (a) the Reinsurer becomes insolvent or is placed into liquidation, rehabilitation, conservation, supervision, receivership or similar proceedings (whether voluntary or involuntary), or there is instituted against it proceedings for the appointment of a receiver, liquidator, rehabilitator, 6 <Page> conservator, or trustee in bankruptcy, or other agent known by whatever name, to take possession of its assets or assume control of its operations; or
Plan ASA means each Customer Contract that was part of the Business as of the Closing Date, other than (a) any Excluded Contract and (b) any Transferred Plan ASA.