Pool Share definition
Examples of Pool Share in a sentence
The Reinsurance Pool Share of the remainder will be ceded to the Reinsurer for reinsurance.
During the Wind-Down Period with respect to any Warehouse Facility, the applicable Wind-Down Pool Share of the amounts payable under this Section 3.9(a) shall be paid only on Payment Dates in accordance with the priority of payments set forth in Section 10.3(b) of the Collateral Agency Agreement.
Following the occurrence of any Warehouse Facility Termination Event, the Revolving Pool Share of the amounts payable under this Section 3.9(a) shall be paid only on Payment Dates in accordance with the priority of payments set forth in Section 10.3(a) of the Collateral Agency Agreement.
Following the occurrence of a Warehouse Facility Termination Event, the Revolving Pool Share of the expenses of the Titling Trust (other than the Closed-End Warehouse Servicer Expenses) shall be paid only on Payment Dates in accordance with the priority of payments set forth in Section 10.3(a) of the Collateral Agency Agreement.
During the Wind-Down Period with respect to any Warehouse Facility, the applicable Wind-Down Pool Share of the expenses of the Titling Trust (other than Closed-End Warehouse Service Expenses) shall be paid only on Payment Dates in accordance with the priority of payments set forth in Section 10.3(b) of the Collateral Agency Agreement.
SCPIE Indemnity shall add business ceded to it under Article II to its own business thus forming a pool (called the "SCPIE Pool") which shall then be redistributed by SCPIE Indemnity in accordance with Pool Share.
For instance, if two (2) Eligible Participants form one (1) Eligible Company that contributes Equity Consideration or Acquisition Value Rights to the Bonus Pool, then each such Eligible Participants will be entitled to one-half (or 50%) of a Bonus Pool Share.
The ceding commission will be an amount equal to each Pool Member's respective Pool Share of the actual cost incurred by SCPIE Indemnity for Underwriting Expenses relating to such Net Unearned Premium reserve.
For interest sensitive products and riders, the Reinsured Net Amount at Risk will be defined as follows: [the Death Benefit - Maximum (Proxy Economic Reserve, Cash Value) - THE COMPANY'S retention] X OPTIMUM RE'S Reinsurance Pool Share On fixed benefit plans and riders, the Reinsured Net Amount at Risk shall be defined as follows: [the Death Benefit - THE COMPANY's retention] x OPTIMUM RE's Reinsurance Pool Share OPTIMUM RE's Reinsurance Pool Share is specified in SCHEDULE A.
All of the Founders of an Eligible Company that contributes Equity Consideration or Acquisition Value Rights to the Bonus Pool (each an “Eligible Participant”) shall collectively be entitled to receive a Bonus Pool Share.