Rollforward Amount definition

Rollforward Amount means an amount equal to Ultimate Net Loss paid by the Company during the Rollforward Period (which, for the avoidance of doubt, shall be net of the deductions set forth in the definition of “Ultimate Net Loss”).
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Rollforward Amount means an amount equal to (a) all Reinsured Liabilities paid by the Ceding Company after December 31, 2019 and before the Closing Date, minus (b) all Ceded Reinsurance Recoveries collected during such period, minus (c) all Recoveries collected during such period.
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Rollforward Amount has the meaning set forth in the Master Transaction Agreement.
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Examples of Rollforward Amount in a sentence

  • The Actuarial Firm shall determine each of the Unresolved Items and, giving effect to such determination, calculate the Rollforward Amount, the Net Reinsurance Premium and the Initial Minimum Funding Amount.

  • On the Closing Date and following the final resolution of the Rollforward Amount, the Net Reinsurance Premium and the Initial Minimum Funding Amount, the Company and the Reinsurer shall each deposit in the Trust Account assets with an aggregate fair market value equal to the amounts to be deposited by the Company and the Reinsurer, respectively, pursuant to the REINSURANCE PREMIUM ARTICLE.

  • For the avoidance of doubt, the Reinsurer’s obligations with respect to Reinsured Liabilities paid by the Ceding Company after December 31, 2019 and before the Closing Date shall be settled pursuant to the inclusion of the Rollforward Amount as a deduction in the definition of “Reinsurance Premium,” as set forth in the Master Transaction Agreement.

  • No later than sixty (60) days following the Closing Date, the Company shall deliver to the Reinsurer a statement (the “Final Closing Statement”) setting forth the Company’s calculation of the Rollforward Amount, the Net Reinsurance Premium and the Initial Minimum Funding Amount.

  • At least three (3) Business Days prior to the Closing Date, the Company shall deliver to the Reinsurer a statement (the “Closing Statement”) setting forth the Company’s good faith estimate of the Rollforward Amount, the Estimated Initial Minimum Funding Amount and the Estimated Reinsurance Premium.

  • Promptly following final resolution of the Rollforward Amount, the Net Reinsurance Premium and the Initial Minimum Funding Amount, whether by the absence of timely delivery of Notice of Disagreement or pursuant to the foregoing paragraph, if the Net Reinsurance Premium exceeds the Estimated Reinsurance Premium, the Company shall deposit an amount equal to such excess into the Trust Account.

  • If the Reinsurer does not deliver a Notice of Disagreement within such thirty (30) day period, then the Rollforward Amount, the Net Reinsurance Premium and the Initial Minimum Funding Amount shall be deemed to equal the amounts provided in the Final Closing Statement and such amounts shall be final, binding and conclusive on the Reinsurer and the Company.


More Definitions of Rollforward Amount

Rollforward Amount means an amount equal to (a) all Reinsured Liabilities paid by the Ceding Company after December 31, 2019 and before the Closing Date, minus (b) all Ceded Reinsurance Recoveries collected during such period, minus
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Related to Rollforward Amount

  • Forward Price Reduction Amount For each Forward Price Reduction Date, the Forward Price Reduction Amount set forth opposite such date on Schedule I. Shares: Common stock, USD 0.01 par value per share, of Party B (also referred to herein as the “Issuer”) (Exchange identifier: “VICI”). Exchange: New York Stock Exchange. Related Exchange(s): All Exchanges. Clearance System: DTC. Calculation Agent: Party A.

  • Excess Cash Flow Percentage 50%; provided that the Excess Cash Flow Percentage shall be reduced to (a) 25% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 3.75 to 1.00 and (b) to 0% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 2.25 to 1.00.

  • Basis Risk Carry Forward Amount With respect to each Class of LIBOR Certificates, as of any Distribution Date, the sum of (A) if on such Distribution Date the Pass-Through Rate for any Class of LIBOR Certificates is based upon a Loan Group Cap or the WAC Cap, the excess, if any, of (i) the Accrued Certificate Interest Distribution Amount on such Class of LIBOR Certificates would otherwise be entitled to receive on such Distribution Date had such Pass-Through Rate not been subject to the Loan Group Cap or the WAC Cap, over (ii) the Accrued Certificate Interest Distribution Amount on such Class of Certificates on such Distribution Date taking into account (a) with respect to the Class A-1 Certificates at the lesser of the WAC Cap and the Loan Group I Cap, (b) with respect to the Class A-2 Certificates at the lesser of the WAC Cap and the Loan Group II Cap, and (c) with respect to each other Class of LIBOR Certificates, the WAC Cap, and (B) the Basis Risk Carry Forward Amount for such Class of LIBOR Certificates for all previous Distribution Dates not previously paid, together with interest thereon at a rate equal to the applicable Pass-Through Rate for such Class of LIBOR Certificates for such Distribution Date (without giving effect to the WAC Cap, Loan Group I Cap or Loan Group II Cap, as applicable).

  • Adjusted Cash Flow means, for any period (the “calculation period”), the sum, for the Borrower and its Consolidated Subsidiaries (determined on a consolidated basis without duplication in accordance with GAAP), of the following: (a) Operating Cash Flow for the calculation period minus (b) Capital Expenditures made during the calculation period (excluding Capital Expenditures made from the proceeds of Indebtedness other than Indebtedness hereunder).

  • Basis Risk Shortfall Carry Forward Amount With respect to any Distribution Date and any Class of Class A Certificates and Class M Certificates, an amount equal to the sum of (A) the excess, if any, of (a) the amount of Current Interest that such Class would have been entitled to receive on such Distribution Date had the Pass-Though Rate applicable to such Class been calculated at a per annum rate equal to One-Month LIBOR plus the related Certificate Margin, over (b) the amount of Current Interest that such Class received on such Distribution Date if the Pass-Through Rate is limited to the related Net Rate Cap and (B) the amount in clause (A) for all previous Distribution Dates not previously paid, together with interest thereon at a rate equal to the related Pass-Through Rate for such Distribution Date. Bankruptcy Code: Title 11 of the United States Code.