Reserve Transfer Amount definition

Reserve Transfer Amount means the amount set forth in Section 4.1, which is an amount equal to the unearned premium reserves and the loss reserves of the Company as of the Inception Date (including general reserves, case basis reserves and reserves for Allocated Loss Adjustment Expenses), determined in all instances in accordance with GAAP.
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Reserve Transfer Amount has the meaning ascribed to such term in Section 1.2(a)(iii).
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Examples of Reserve Transfer Amount in a sentence

  • The Reinsurance Premium and the Reserve Transfer Amount shall be considered fully earned when received by the Reinsurer and shall be non-refundable.

  • On or before the Inception Date, the Company shall pay to the Reinsurer the sum of fifty-nine million, four hundred sixty-eight thousand, five hundred and fifty-four dollars ($59,468,554.00) (the “Reinsurance Premium”) plus eight million, thirty-one thousand, four hundred and forty-six dollars ($8,031,446.00) as the Reserve Transfer Amount.

  • In addition to the Reinsurance Premium and the Reserve Transfer Amount, the Company shall pay to the Reinsurer (i) an amount equal to the Net Premiums from Operations collected during each calendar quarter (or part thereof) that this Agreement is in effect, and (ii) an amount equal to all salvage, subrogation and other recoveries collected on or after the Inception Date related to claims paid prior to the Inception Date.

  • The Seller shall prepare and furnish to the Buyer, in writing and prior to the execution of any Novation Amendment, a schedule in respect of each Novated Contract valuing the liabilities and assets to be assumed by the Buyer in respect of such Novated Contract and forming the basis for calculating the portion of the Reserve Transfer Amount attributable to such Novated Contract.

  • On each Transfer Date, the applicable Seller shall pay an amount equal to the Maintenance Reserve Transfer Amount relating to the applicable Aircraft to the applicable Purchaser.

Related to Reserve Transfer Amount

  • Transfer Amount means, as of any Transfer Date, any of the Issuer Expenses Transfer Amount, the Taxation Expenses Transfer Amount, the Servicer Fee Transfer Amount, the Reserve LC Expenses Transfer Amount, any Debt Service Reserve Account Transfer Amount, any Series Senior Interest Transfer Amount for any Series of Securities, any Series Senior Scheduled Principal Transfer Amount for any Series of Securities, any Series Senior Excess Scheduled Principal Transfer Amount for any Series of Securities, any Series Senior Accelerated Principal Transfer Amount for any Series of Securities, any Series Senior Excess Accelerated Principal Transfer amount for any Series of Securities, any Series Subordinated Interest Transfer Amount for any Series of Securities, any Series Subordinated Scheduled Principal Transfer Amount for any Series of Securities, and/or any Series Subordinated Accelerated Principal Transfer Amount for any Series of Securities, each as of such Transfer Date.

  • Minimum Transfer Amount means USD 100,000 with respect to Party A and Party B; provided, however, that if the aggregate Certificate Principal Balance of any Certificates and the aggregate principal balance of any Notes rated by S&P is at the time of any transfer less than USD 50,000,000, the “Minimum Transfer Amount” shall be USD 50,000.

  • Principal Transfer Amount For any Distribution Date and any Undercollateralized Group, the excess, if any, of the aggregate Class Principal Balance of the Class A Certificates related to such Undercollateralized Group over the aggregate Stated Principal Balance of the Mortgage Loans in such Group.

  • Interest Transfer Amount For any Distribution Date and for any Undercollateralized Group, an amount equal to one month's interest on the applicable Principal Transfer Amount at the weighted average Certificate Interest Rate of the applicable Undercollateralized Group, plus any interest accrued on such Undercollateralized Group remaining unpaid from prior Distribution Dates.

  • Total Transfer Amount For any Distribution Date and for any Undercollateralized Group, an amount equal to the sum of the Interest Transfer Amount and the Principal Transfer Amount for such Undercollateralized Group.