Producer Payments definition

Producer Payments means any expense allowance, commission (including fronted and trail commissions), override commission, service fee, administration fee or other compensation payable by the Ceding Company to or for the benefit of a Producer pursuant to a Producer Agreement in connection with any Reinsured Policy (but specifically excluding any termination or similar fees payable under a Producer Agreement).
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Producer Payments has the meaning ascribed thereto in the Master Agreement.
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Producer Payments has the meaning set forth in the Reinsurance Agreement. “Quarterly Accountings” has the meaning set forth in Section 6.5(a). “Quarterly Assessment Accounting” has the meaning set forth in Section 6.5(a).
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Examples of Producer Payments in a sentence

  • Producer Payments Advances are issued to applicants, less applicable application fees.

  • On the applicable Assumption Effective Date with respect to each Coinsured Contract, the Reinsurer shall be the successor of the Ceding Company with respect to the Assumed Policy, and such Assumed Policy shall be the direct obligation of the Reinsurer, and the Ceding Company shall have no further rights, obligations, liabilities or risks arising under, in connection with or related to the Assumed Policy including with respect to Producer Payments.

  • The Reinsurer hereby assumes the liability of the Company and agrees that is shall be financially responsible for Producer Payments due in respect of premiums collected and received.

  • MAC shall undertake and agrees to assume and perform all liabilities and obligations of KIC under each Producer Agreement that is so assigned, transferred, set over and conveyed to MAC pursuant to this Agreement and the Producer Assignments including payment of all Producer Payments thereunder in accordance with the Coinsurance Agreement and the Producer Assignments.

  • The Company hereby designates the Reinsurer as “paying agent” to make such Producer Payments directly to the applicable Producers from and after the Effective Date.


More Definitions of Producer Payments

Producer Payments. Producer Payments has the meaning ascribed to it in the Coinsurance Agreement. Recipient. Recipient has the meaning ascribed to it in Section 13.1(a). Record Holding Party. Record Holding Party has the meaning ascribed to it in Section 6.3.
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Producer Payments means any expense allowance, commission, profit- and-loss payment, override commission, service fee or other compensation of any type or nature payable by the Ceding Company to a Person, or payable by one Person to another Person, in either case pursuant to a Producer Agreement with respect to any Reinsured Policy. (qq) “Qualified United States Financial Institution” has the meaning ascribed to such term in Section 173.1(3)(B) of the Illinois Insurance Code. (rr) “Quarterly Settlement Amount” means the amount with respect to an Accounting Period owing from the Ceding Company to the Reinsurer or the Reinsurer to the Ceding Company (other than any Funds Withheld Reserves Adjustment), as reflected in the quarterly settlement report for such Accounting Period, delivered in accordance with Section 5.2. (ss) “Reconciliation Amount” has the meaning set forth in Section 3.1(d).
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Producer Payments means any producer payments made by the State of South Dakota to ethanol producers.
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Producer Payments. Producer Payments has the meaning ascribed to it in the Coinsurance Agreement. Recipient. Recipient has the meaning ascribed to it in Section 13.1(a). Record Holding Party. Record Holding Party has the meaning ascribed to it in Section 6.3.
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Related to Producer Payments

  • Production Payments means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments.

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Payments has the meaning set forth in Section 8.11.

  • Contingent Payments has the meaning set forth in Section 2.02(a).

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • Earnout Payments has the meaning set forth in Section 2.2(a).

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).

  • Progress Payments County shall make periodic progress payments consist with the Contract Price on the basis of Contractor's Applications for Payments, as provided in paragraph

  • Production Payment means a production payment obligation (whether volumetric or dollar denominated) of the Borrower or any of its Restricted Subsidiaries which are payable from a specified share of proceeds received from production from specified Oil and Gas Properties, together with all undertakings and obligations in connection therewith.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Third Party Payments means the payment made through instruments issued from an account other than that of the beneficiary investor mentioned in the application form. However, in case of payments from a joint bank account, the first named applicant/investor has to be one of the joint holders of the bank account from which payment is made.

  • Reimbursement Amounts As defined in Section 3.22.

  • Contract Adjustment Payments means amounts payable by the Company on each Contract Adjustment Payment Date in respect of each Purchase Contract, at a rate per year of 2.725% on the Stated Amount per Purchase Contract.

  • Service payments means payments to the private entity of a qualifying project pursuant to a service contract.

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Termination Payments has the meaning specified in Section 10(a).

  • Contract Charges means charges that accrue during a given month as defined in Article III. “Contract Term” is defined in Article IV.

  • Royalty Payments has the meaning set forth in Section 7.3.1.

  • Exception Payments means payments to deposit accounts or brokerage accounts, payments to settle securities transactions (including, without limitation, stocks, bonds, securities, futures (forex), options, or an investment interest in any entity or property).

  • Bonus Payments means that portion of the bonus payments received by the

  • Debit Payment means a particular transaction where a debit is made.

  • Overpayments as used in this Section include payments (i) made by the System Agency that exceed the maximum allowable rates; (ii) that are not allowed under applicable laws, rules, or regulations; or (iii) that are otherwise inconsistent with this Contract, including any unapproved expenditures. Xxxxxxx understands and agrees that it will be liable to the System Agency for any costs disallowed pursuant to financial and compliance audit(s) of funds received under this Contract. Xxxxxxx further understands and agrees that reimbursement of such disallowed costs shall be paid by Grantee from funds which were not provided or otherwise made available to Grantee under this Contract.

  • Transaction Payroll Taxes means the employer portion of any employment or payroll Taxes with respect to any bonuses, severance, option cashouts, Change in Control Payments or other compensatory payments in connection with the transactions contemplated by this Agreement, whether payable by Buyer, the Company or its Subsidiaries.

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Minimum Payments $50 (with respect to all funds in the aggregate.) No payment pursuant to this Schedule is payable to a dealer, bank or other service provider for the first year with respect to sales of $1 million or more, at no load, in cases where A I M Distributors, Inc. has advanced the service fee to the dealer, bank or other service provider.