Recoverables definition

Recoverables has the meaning set forth in Section 3.1(b).
Recoverables has the meaning set forth in Section 3.1(a) of this Agreement.
Recoverables has the meaning set forth in the Reinsurance Agreement.

Examples of Recoverables in a sentence

  • Recoverables from non-exchange transactions are carried at original amount (adjusted for interests and penalties) less write-down for impairment.

  • Recoverables due from the National Flood Insurance Program are included with mandatory pools.

  • Traditional own resources Recoverables from non-exchange transactions and related revenues are recognised when the relevant monthly "A" statements (including duties collected and amounts due that are guaranteed and not contested) are received from the Member States.

  • Recoverables from non-exchange transactions are carried at original amount (adjusted for interest and penalties) less write-down for impairment.

  • Recoverables from non-exchange transactions are carried at fair value as at the date of acquisition less write-down for impairment.


More Definitions of Recoverables

Recoverables shall have the meaning specified in Section 4.1.
Recoverables has the meaning set forth in Section 9.2 of the ADC Agreement. "Reinsured Policies" means, collectively, each "Underlying Reinsurance Agreement" as such term is defined in the Existing Quota Share Agreement. "Reinsurer Trust Assets Collateral Al!reement" has the meaning set forth in the Recitals. "Remaining Aggregate Limit" means, as of any given date, an amount equal to the Aggregate Limit minus the Ultimate Net Loss paid by the Retrocessionaire under this Agreement or the ADC Agreement (without duplication) on or prior to such date, which cannot be less than zero. "Representative" means, with respect to any Person, an employee, attorney or consultant of such Person or an Affiliate of such Person. "Reserve Ratio" means, with respect to each of AEL, AIU and Technology, (i) the aggregate amount of gross reserves of AEL, AIU and Technology, respectively, allocable to the Underlying Business (but only with respect to liabilities incurred on or prior to December 31, 2018) ceded by each of AEL, AIU and Technology under the Existing Quota Share Agreement as of the date of determination, less Third Party Reinsurance Recoverables allocable to such Underlying Business, divided by (ii) the aggregate amount of gross reserves of AEL, AIU and Technology allocable to the Underlying Business (but only with respect to liabilitie-s incurred on or prior to December 31, 2018} ceded by AEL, AIU and Technology under the Ex isting Quota Share Agreement as of the date of determination, less Third Party Reinsurance Recoverables allocable to such Underlying Business, in each case, calculated in accordance wi th GAAP. "Retention" means $2,178,535,000. "Retrocession Premium" means $445,000.000. "Retrocessionaire" has the meaning set fo1ih in the Preamble. "Subject Reserves" means the aggregate amount of gross reserves of AII allocable to the Covered Losses ceded by AEL, All and Technology under the Existing Quota Share Agreement, less Third Party Reinsurance Recoverables allocable to such Covered Losses, plus Commuted Reserves, in each case, calculated in accordance with GAAP, in excess of the Retention and up to the Aggregate Limit. For the avoidance of doubt, pursuant to Post­ Termination Endorsemeot No. J, All shall be responsible, and Maiden Re shall not indemnify 6 \ PH . IX3029.'000IS3 . fl 1926 v29
Recoverables has the meaning set forth in Section 9.2. "Reinsured Policies" means each "Underlying Reinsurance Agreement" as such term is defined in the Existing Quota Share Agreement. "Representative" means, with respect to any Person, an employee, attorney or consultant of such Person or an Affiliate of such Person. "Retention" means $2,178,535,000. "Retrocession Premium" means $445,000,000. "Retrocession Premium Interest Amount" means the amount resulting from applying the credited interest rate, compounded monthly, of2.64% per annum from January I, 2019 through the Closing Date to the Retrocession Premium. "Retrocessionaire" has the meaning set forth in the Preamble. 5
Recoverables has the meaning set forth in Section 9.2.
Recoverables means Gross Recoverables, less Collection Expenses.
Recoverables has the meaning set forth in Section 9.2. “Reinsured Extra Contractual Obligations” means those Extra Contractual Obligations (a) that arise from or are related to the handling of any Claim with respect to the Subject Business by the Reinsurer or its Affiliates from and after the Closing Date, (b) with respect to which Aspen has consulted with the Reinsurer after disclosing all relevant material information to the Reinsurer and prior to Aspen taking the course of conduct that gives rise to
Recoverables has the meaning set forth in Section 4.3. [page break] 8 Table of Contents