Remaining Limit definition

Remaining Limit refers to the amount of the limit after deducting the outstanding loan balance (under a revolving limit) or the total loan amount (under a one-time limit).
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Remaining Limit means, at any time, an amount equal to the difference of (a) the Aggregate Limit less (b) the aggregate amount of Ultimate Net Loss actually paid by the Reinsurer to the Company as of such time.
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Remaining Limit means (1) the Aggregate Limit minus (2) the Covered Losses previously paid by the Reinsurer to the Ceding Companies in respect of Ultimate Net Loss.
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Examples of Remaining Limit in a sentence

  • Any and all premiums payable under this Contract to such Subscribing Reinsurer shall be paid by the Company to the Trust Account of such Subscribing Reinsurer until such time as the fair market value of the Assets on deposit therein is equal to such Subscribing Reinsurer's Aggregate Remaining Limit of Liability.

  • Such Subscribing Reinsurer may not withdraw any funds from the Income Account that such Subscribing Reinsurer otherwise would be entitled to withdraw under the terms of the Trust Agreement unless the fair market value of the Assets on deposit in the Trust Account by that Subscribing Reinsurer (directly or by the payment of premium otherwise payable to that Subscribing Reinsurer into the Trust Account) exceeds one hundred percent (100%) of that Subscribing Reinsurer's Aggregate Remaining Limit of Liability.

  • For purposes of determining the erosion of the Reinsurer’s Limit and the Reinsurer’s Remaining Limit hereunder, Ultimate Net Loss paid by the Reinsurer under this Agreement in currencies other than United States dollars shall be converted into United States dollars using the applicable exchange rate used on the books and records of Aspen in the ordinary course of business at the time of such payment.

  • Each Set-up File is made available to the Reinsurer in respect of the Policy pursuant to paragraph B of the Reports and Remittances Article, with respect to the Fill-up Pool, the Reinsurer shall contribute such additional collateral to the Trust Account as is required hereunder after giving effect to any increase in the Insurer's Limit of Liability under the Policy, the Aggregate Remaining Limit of Liability, or any other item resulting therefrom.

  • The Reinstatement of the Remaining Limit will apply to the terms of each individual Endorsement, including the respective trigger, exhaustion, and insurance percentage for such Endorsement as of the last Reset Date.

  • Within ten (10) business days following the date each Set-up File is made available to the Reinsurer in respect of the Policy pursuant to paragraph B of the Reports and Remittances Article, the Reinsurer shall contribute such additional collateral to the Trust Account as is required hereunder after giving effect to any increase in the Insurer's Limit of Liability under the Policy, the Aggregate Remaining Limit of Liability, or any other item resulting therefrom.

  • For purposes of determining the erosion of the Reinsurer’s Limit, the Reinsurer’s Sub-limit and the Reinsurer’s Remaining Limit hereunder, Ultimate Net Loss paid by the Reinsurer under this Agreement in currencies other than United States dollars shall be converted into United States dollars using the applicable Effective Date Exchange Rate.