Required Balance definition
Required Balance has the meaning set forth in the Reinsurance Agreement.
Required Balance means [***]
Required Balance means, as of any date of determination, an amount calculated by the Ceding Company equal to (a)(i) [REDACTED] multiplied by (ii) the Base Amount as of such date of determination minus (b) an amount equal to the Unamortized Ceding Commission.
Examples of Required Balance in a sentence
In the event the amount on deposit in the Reserve Account is at any time less than the Required Balance, Purchaser shall, within five (5) Business Days following receipt by Purchaser of notice from Bank of such deficiency, deposit into the Reserve Account an amount equal to the excess of (A) the Required Balance over (B) the amount on deposit in the Reserve Account.
Provided, however, if Purchaser does not purchase the related Loans within one (1) Business Day of such notice more than three times in any calendar month, Bank shall have the option to require Purchaser to deposit additional funds into the Reserve Account in the same amount as would be required pursuant to clause (B) of the definition of Required Balance.
More Definitions of Required Balance
Required Balance means one hundred percent (100%) of the amount equal to (a) the Reserves on the Policies and Post-Closing Policies, plus (b) other liabilities relating to the Policies and Post-Closing Policies, which shall be calculated in accordance with the methodology set forth on Exhibit D hereto, minus (c) the amount of outstanding loans under the Policies and Post-Closing Policies (to the extent such loans constitute admitted assets under Connecticut SAP).
Required Balance means the balance of the relevant Customer's Account that shall be debited by the Bank for providing the SMART Credit Service and/or the BAHTNET Service and/or PromptPay Service, which consists of the requested Transferred Funds and the applicable Service Charges.
Required Balance shall have the meaning set forth in Section 33 (a).
Required Balance means, as of any date, the amount equal to the Reinsurer’s Quota Share of the Statutory Reserves with respect to the Reinsured Policies.
Required Balance means, with respect to any Settlement Date, an amount ---------------- equal to (a) the Aggregate Capital on such Settlement Date divided by (b) (i) one minus (ii) the Applicable Percentage.
Required Balance shall have the meaning set forth in Schedule 31.
Required Balance means for any year an amount equal to the current minimum balance required to be maintained by the County in the Tax Losses Reserve Fund under the Related Law.