Interest Maintenance Reserve means the reserve determined in accordance with SAP, the purpose of which is to amortize realized capital gains and losses resulting from fluctuations in the interest rate.
Interest Maintenance Reserve as used in this Agreement, means the interest maintenance reserve, determined in accordance with Page 3, Column 1, Line 9.4, of the Ceding Company’s 2007 NAIC annual statement blank, with respect to the Segregated Asset Portfolio described in Schedule E.
Interest Maintenance Reserve means the amounts set forth on Schedule 2.12 as revised as of the Effective Date. The calculation of the Interest Maintenance Reserve for purposes of Section 2.3(a)(i)(B) (the calculation of the Interest Maintenance Reserve created at the Effective Time as a direct result of the transactions contemplated by this Agreement) shall be equal to any net pre-tax realized capital gains multiplied by 65%.
Examples of Interest Maintenance Reserve in a sentence
Such reports will include information on the amount of Reinsurance Premiums, Ceding Allowance, Acquisition Expense, Expense Allowance, Benefit Payments, Modified Coinsurance Reserve, Coinsurance Reserve, Interest Maintenance Reserve, Funds Withheld Investment Credit and Funds Withheld Balance.
More Definitions of Interest Maintenance Reserve
Interest Maintenance Reserve means the interest maintenance reserve, as determined in accordance with SAP, consistently applied.
Interest Maintenance Reserve means, as of any date of determination, the interest maintenance reserve attributable to the Covered Insurance Policies and the Reinsured Liabilities as of such date of determination, determined in accordance with SAP applicable to the Ceding Company without giving effect to this Agreement, .
Interest Maintenance Reserve means, as of the applicable date of determination, the reserve determined in accordance with SAP.
Interest Maintenance Reserve means the sum of (a) the Company’s existing interest maintenance reserve that is attributable to the Reinsured Risks immediately prior to the Closing Date, after giving effect to the execution of the Underlying Reinsurance Agreement, plus (b) the Company’s interest maintenance reserve that is created on the Closing Date as a direct result of the transactions contemplated by this Agreement, plus (c) the amount of the interest maintenance reserve attributable to the Reinsured Risks that is created after the Closing Date and including the reserve established in Deemed Sales under Section 9.7, in each case determined in accordance with SAP applicable to the Company.
Interest Maintenance Reserve means the liability reserve, the purpose of which is to amortize realized capital gains and losses resulting from fluctuations in interest rates, determined (i) if on or prior to the Closing Date, in accordance with SAP applicable to the Company with respect to the asset portfolio supporting the Reinsured Contracts or relevant to the Transferred Assets to be transferred on the Closing Date, or (ii) following the Closing Date, in accordance with SAP applicable to the Reinsurer.
Interest Maintenance Reserve means the value which will be reported on the Ceding Company's Annual Statement Balance Sheet.
Interest Maintenance Reserve or “IMR” means the liability reserve determined in accordance with SAP, the purpose of which is to amortize realized capital gains and losses resulting from fluctuations in interest rates.