Acquisition Expense definition
Examples of Acquisition Expense in a sentence
As used in this Agreement, the following terms have the definitions hereinafter indicated: Acquisition Expense.
Such reports will include information on the amount of Reinsurance Premiums, Ceding Commission, Acquisition Expense, Expense Allowance, Commission Chargebacks, Benefit Payments, Modified Coinsurance Reserve, Coinsurance Reserve, Gross Statutory Reserve, Tax Reserve, Interest Maintenance Reserve, and Modified Coinsurance Reserve Investment Credit.
As used in this Agreement, the following terms have the definitions hereinafter indicated: Acquisition Expense Allowance.
The Company shall pay to the Advisor the Acquisition Expense Allowance, which shall be used by Advisor to pay the expenses described in this Section 10(b).
To the extent the expenses paid by the Advisor pursuant to this Section 10(b) exceed the Acquisition Expense Allowance, the Company shall have no duty to reimburse the Advisor for the amount of such excess.