RBC Event definition

RBC Event means the Reinsurer’s RBC Ratio as of any calendar quarter-end is below [REDACTED].
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RBC Event means the occurrence and continuation of the following:
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RBC Event means (i) if the RBC Ratio, as set forth in an RBC Report, is below [REDACTED] and the Reinsurer has not within [REDACTED] following the related RBC Reporting Date provided the Ceding Company with evidence reasonably satisfactory to the Ceding Company that the Reinsurer has restored its RBC Ratio to at least [REDACTED]
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Examples of RBC Event in a sentence

  • From the output in Figure IV their reasons can be further be substantiated as cocoa farms tended to concentrate more towards the centre of the village territory – obviously a less disputed portion of the land.

  • The holders shall use their reasonable efforts to provide notice to the Company once they have knowledge that a RBC Event is no longer continuing.

  • In the RBC Plan, Healthplex identified the conditions which contributed to its Mandatory Control Level RBC Event (the “Event”) as of December 31, 2021, and outlined corrective actions the Company has taken or proposes to take, and which are expected to result in the elimination of the Event.

  • The Reinsurer will provide written notice to the Ceding Company within seven (7) days of knowledge of an RBC Event.

  • If a RBC Event occurs or has occurred and is continuing, then, in addition to the interest accruing on the Notes, the Company agrees to pay to each Holder and in addition to any increase in such rate of interest that may result from the provisions of paragraph 5R(3), a fee (the “RBC Fee”) on the daily average outstanding principal amount of such Note during the continuance of such RBC Event at a rate per annum equal to 0.75%.

  • The RBC Fee with respect to each Shelf Note shall be calculated on the same basis as interest on such Shelf Note is calculated and shall be paid in arrears on each day upon which interest is due on such Shelf Note during continuance of an RBC Event.

  • If an RBC Event occurs or has occurred and is continuing, then, in addition to the interest accruing on the Shelf Notes, the Company agrees to pay each holder of a Shelf Note a fee (the “RBC Fee”) on the daily average outstanding principal amount of such Shelf Note during the continuance of such RBC Event at a rate per annum equal to 1.00%.

Related to RBC Event

  • Public event means any event that can be attended by the

  • Acquisition Event means a merger or consolidation in which the Company is not the surviving entity, any transaction that results in the acquisition of all or substantially all of the Company’s outstanding Common Stock by a single person or entity or by a group of persons and/or entities acting in concert, or the sale or transfer of all or substantially all of the Company’s assets.

  • OFAC Event means the event specified in Section 8.13(c) hereof.

  • Put Event means the occurrence of any of the following:

  • ii) Event means any event described in Section 11(a)(ii) hereof.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Book-Up Event means an event that triggers a positive adjustment to the Capital Accounts of the Partners pursuant to Section 5.5(d).

  • Realization Event means (i) the consummation of a Sale of the Company; or (ii) any transaction or series of related transactions in which the Investor sells at least 50% of the Shares directly or indirectly acquired by it (from the Company or otherwise) and at least 50% of the aggregate of all Investor Investments.

  • FX Disruption Event ' means the occurrence of any event on any day or any number of consecutive days as determined by the Calculation Agent in its sole and reasonable discretion that affects the Issuer’s currency hedging (if any) with respect to the Products.

  • Fund Disruption Event means any of the following events, as determined by the Determination Agent in its reasonable discretion:

  • Emergency Event means any situation arising from sudden and reasonably unforeseen natural disaster such as earthquake, flood, fire, or other acts of God, or other unforeseen events beyond the control of drayage truck owners and operators that threatens public health and safety or the reasonable flow of goods movement.

  • Terminating Event means any of the following events:

  • Private event means a social gathering or event attended

  • Delay Event means any event set out at Clause 5.19.4 [Delay Events].

  • Catastrophic Event means a rare circumstance in which mass casualties and/or significant property damage has occurred or is imminent (e.g. September 11th, hurricanes, earthquakes greater than 6.1 on the Richter scale)

  • Pay Out Event means any Pay-Out Event specified in Section 6.01.

  • Liquidity Event means a Change of Control or an IPO.

  • Additional Disruption Event means any of Change in Law, Hedging Disruption and/or Increased Cost of Hedging.

  • Settlement Disruption Event means each of the following events, as determined by the Calculation Agent in its sole discretion acting in good faith and in a commercially reasonable manner:

  • Company Triggering Event means: (i) the failure of the Board of Directors of the Company to recommend that the Company's stockholders vote to adopt this Agreement, or the withdrawal or modification of the Company Board Recommendation in a manner adverse to Parent, or the Board of Directors shall have taken any other action that is or becomes disclosed publicly or to a third party, which indicates that the Board of Directors of the Company does not support the Merger or does not believe that the Merger is in the best interests of the Company's stockholders; (ii) the Company shall have failed to include in the Proxy Statement the Company Board Recommendation or a statement to the effect that the Board of Directors of the Company has determined and believes that the Merger is in the best interests of the Company's stockholders; (iii) an Acquisition Proposal is publicly announced and the Board of Directors of the Company fails to reaffirm without qualification the Company Board Recommendation, or fails to publicly state without qualification, that the Merger is in the best interests of the Company's stockholders, within five business days after Parent requests in writing that such action be taken; (iv) the Board of Directors of the Company shall have approved, endorsed or recommended any Acquisition Proposal; (v) the Company shall have failed to comply with Section 5.04 in any material respect; (vi) a tender or exchange offer relating to securities of the Company shall have been commenced and the Company shall not have sent to its securityholders, within ten business days after the commencement of such tender or exchange offer, a statement disclosing that the Board of Directors recommends rejection of such tender or exchange offer; (vii) an Acquisition Proposal is publicly announced, and the Company fails to issue a press release announcing its opposition to such Acquisition Proposal within ten business days after such Acquisition Proposal is announced; or (viii) either the Company or any of its subsidiaries or any their Representatives shall have breached any of the provisions set forth in Section 5.04 (in any material respect) or Section 6.15.

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Rating Event means the rating on the Notes is lowered by each of the Rating Agencies and the Notes are rated below an Investment Grade Rating by each of the Rating Agencies on any day within the 60-day period (which 60-day period will be extended so long as the rating of the Notes is under publicly announced consideration for a possible downgrade by any of the Rating Agencies) after the earlier of (a) the occurrence of a Change of Control and (b) public notice of the occurrence of a Change of Control or the Company’s intention to effect a Change of Control; provided that a Rating Event will not be deemed to have occurred in respect of a particular Change of Control (and thus will not be deemed a Rating Event for purposes of the definition of Change of Control Triggering Event) if each Rating Agency making the reduction in rating does not publicly announce or confirm or inform the Trustee in writing at the request of the Company that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the Change of Control (whether or not the applicable Change of Control has occurred at the time of the Rating Event).

  • Occurrence means an accident, including continuous or repeated exposure to substantially the same general harmful conditions.

  • Flip-Over Event means any event described in clause (x), (y) or (z) of Section 13(a) hereof.

  • Trigger Event shall have the meaning specified in Section 14.04(c).

  • Application Event means the occurrence of (a) a failure by Borrowers to repay all of the Obligations in full on the Maturity Date, or (b) an Event of Default and the election by Agent or the Required Lenders to require that payments and proceeds of Collateral be applied pursuant to Section 2.4(b)(iii) of this Agreement.