SPDA definition

SPDA is defined in the recitals of this Participation Agreement.
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SPDA means the Second Payment Date Amount.
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Examples of SPDA in a sentence

  • Lender is subject to the collateralization and reporting requirements of the SPDA.

  • Capitalized terms defined in the SPDA are used herein as defined therein.

  • The Company will provide notice to the Reinsurer of its intention to contest, compromise, or litigate a claim (including interpleader actions) with respect to a Reinsured SPDA.

  • The Reinsurer retains the right to retrocede all or any portion of the risk on any Reinsured SPDA.

  • An SPDA generally involves the tax-deferred accumulation of interest on a single premium paid by the policyholder.

  • The School District will designate SROs as “school officials” in accordance with FERPA and SPDA in order to ensure that SROs have lawful access to student schedules as well as directory information.

  • Unless the Reinsurer has made the election provided in Section 7.03 to participate in the contest, compromise or litigation of a claim, the Reinsurer will accept the decision of the Company on payment of a claim on a Reinsured SPDA.

  • Within ten (10) Business Days after receipt of such notice, the Reinsurer may elect to participate in contesting a claim attributable to a Reinsured SPDA by submitting a notice of such election to the Company.

  • If a Reinsured SPDA that is or has been reduced, terminated, or lapsed is reinstated while this Agreement is in force, the reinsurance for such Reinsured SPDA shall be reinstated automatically to the amount that would be in force if the Reinsured SPDA had not been reduced, terminated, or lapsed.

  • If the Reinsurer elects not to participate in such contest, it may discharge its liability by payment to the Company of the lesser of the full amount of the claim or the full amount of the Reinsured SPDA relating to such claim.

Related to SPDA

  • DPSP means a deferred profit sharing plan within the meaning of the Tax Act;

  • SPD means State Purchasing Division of the New Mexico State General Services Department.

  • Opium poppy means the plant of the species Papaver somniferum L., except the seeds thereof.

  • SAQA means the South African Qualifications Authority;

  • Buyer 401(k) Plan has the meaning set forth in Section 6.09(a).