Remaining Aggregate Limit definition

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

Remaining Aggregate Limit means, at any time, an amount equal to the Aggregate Limit minus the aggregate amount actually paid by the Reinsurer in respect of Reinsured Liabilities as of such time.

Remaining Aggregate Limit means, as of any date of determination, the Aggregate Limit less the aggregate amount paid by the Reinsurer hereunder in respect of Ultimate Net Loss on or prior to such date.

Examples of Remaining Aggregate Limit in a sentence

• Meeting Attendance Report The meeting attendance records for each of the Company's directors in 2020, including each committee of which the director is a member, is set out below.

More Definitions of Remaining Aggregate Limit

Remaining Aggregate Limit means, on any date, an amount equal to the Policy Aggregate Limit as reduced as of such date by any payments made by Stoneheath under the Reinsurance Agreement and any distributions from the Trust Account made to Stoneheath to permit it to pay Extraordinary Expenses.

Remaining Aggregate Limit means, at any date, an amount equal to the Policy Aggregate Limit minus the sum of (i) all payments theretofore made by the Reinsurer to the Company pursuant to the Reports and Remittances Article, and (ii) all amounts distributed from the Trust Account prior to such date to pay Extraordinary Expenses (as defined in the XL Preference Share Agreement).