Policy Expense definition

Policy Expense means, as mutually agreed upon by Buyer and Seller prior to the Closing, the sum of the premiums, costs, commissions and other fees and expenses in the aggregate, required to purchase and bind the Policies.
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Policy Expense has the meaning set forth in Section 6.16.
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Examples of Policy Expense in a sentence

  • The Reinsurer shall pay the Company the full amount of the Reinsured Policy Expense Allowances as specified in Schedule C.

  • Article 1 Per Policy Expense Provision: Article 8 Policy Net Amount At Risk: The larger of the GMDB Net Amount At Risk and the GRIB Net Amount At Risk for an Original Policy.

  • Subject to crediting the Policy Expense against the Purchase Price pursuant to Section 2.05, Buyer shall, at or prior to the Closing, pay or cause to be paid all costs and expenses related to the Policies, including the total premiums, underwriting costs, brokerage commissions, and other fees and expenses of such Policies.

  • By the fourth business day after month end - Month end ceding statement data feed (Schedule L) - Exhibits and supporting data for the computation of the Policy Expense Allowances (as defined in Schedule C) and the Adjustments on Transfers (as defined in Schedule I).

  • The General Expense Provision for any Settlement Period shall be the product of the number of active Original Policies at the beginning of the Settlement Period times the Per Policy Expense Provision.

  • Subject to crediting one-half (1/2) of the R&W Policy Expense against the Closing Payment pursuant to Section 2.05, Buyer shall, at or prior to the Closing, pay or cause to be paid all costs and expenses related to the R&W Policy, including the total premiums, underwriting costs, brokerage commissions, and other fees and expenses of such R&W Policy.