Reserve Credit definition

Reserve Credit means full statutory financial statement credit for the reinsurance ceded to the Reinsurer under this Agreement in the Ceding Company's NAIC Annual Statement Blank and in all Statutory Financial Statements required to be filed with any Governmental Body charged with supervision of insurance companies in all United States jurisdictions in which the Ceding Company is licensed, authorized or accredited to transact business.

Reserve Credit shall have the meaning set forth in Section 10.01.

Reserve Credit means full statutory financial statement credit for the reinsurance ceded to the Reinsurer under this Agreement in the Ceding Company’s Statutory Financial Statements required to be filed by the Ceding Company with the Governmental Authority charged with supervision of insurance companies in the Ceding Company Domiciliary State.

Examples of Reserve Credit in a sentence

• Real-Time Reserve Credit is a Market Participant’s compensation associated with that Market Participant’s Resources’ Real-Time Reserve Designation as calculated in accordance with Section III.10 of Market Rule 1.

• Market Participant Forward Reserve Credit for TMNSR=Final Forward Reserve Obligation for TMNSR multiplied by the applicable hourly Forward Reserve Payment Rate for TMNSR; where, the hourly Forward Reserve Payment Rate for TMNSR is equal to: applicable monthly FRACPZone for TMNSR divided by the number of hours in the month associated with the Forward Reserve Delivery Period.

• Market Participant Forward Reserve Credit for TMOR = Final Forward Reserve Obligation for TMOR multiplied by the applicable hourly Forward Reserve Payment Rate for TMOR;where,the hourly Forward Reserve Payment Rate for TMOR is equal to: applicable monthly FRACP Zone for TMOR divided by the number of hours in the month associated with the Forward Reserve Delivery Period.

• In those hours where the SSR Unit Compensation is less than the SSR Unit Energy, Operating Reserve, and Short-Term Reserve Credit, the Transmission Provider will debit from Market Participant (such debit to be equal to the difference between the SSR Unit Energy, Operating Reserve, and Short-Term Reserve Credit and the SSR Unit Compensation).

• In those hours where the SSR Unit Compensation is greater than the SSR Unit Energy, Operating Reserve, and Short-Term Reserve Credit for that SSR Unit, the Transmission Provider will make the applicable make-whole payment to Market Participant (such make-whole payment to be equal to the difference between the SSR Unit Compensation and the SSR Unit Energy, Operating Reserve, and Short-Term Reserve Credit).

More Definitions of Reserve Credit

Reserve Credit means full reserve credit for the reinsurance ceded to the Reinsurer under this Agreement in the Statutory Financial Statements required to be filed by the Company with the Commissioner of Insurance of the State of Nebraska.

Reserve Credit means full Statutory Financial Statement credit for the statutory reserves ceded to the Reinsurer under this Agreement.

Reserve Credit shall have the meaning specified in the Reinsurance Agreement.

Reserve Credit shall have the meaning specified in the Coinsurance Agreement.

Reserve Credit means the amount of any reserves or other funds held for the benefit of Landlord or the issuer of the Bonds and not yet credited as of Closing, including, without limitation, any debt service reserve fund included in Approved Landlord Costs.

Reserve Credit means full statutory financial statement credit for the reinsurance ceded to the Reinsurer under this Agreement in the Ceding Company’s Statutory Financial Statements required to be filed by the Ceding Company with the Governmental Authority charged with supervision of insurance companies in the Ceding Company Domiciliary State; provided, however, that the Reinsurer shall not be required to provide statutory financial statement credit for Reinsured Contracts issued outside the United States; and provided, further, that the Reinsurer’s obligation to provide statutory financial statement credit with respect to Reinsured Contracts that are structured settlement annuities shall be limited to the amount of credit calculated in accordance with Section 6(a) of Actuarial Guideline IX-B promulgated by the National Association of Insurance Commissioners.

Reserve Credit means full statutory financial statement credit for the reinsurance ceded to the Grantor under the Reinsurance Agreement in the Beneficiary's NAIC Annual Statement Blank and in all statutory financial statements of the Beneficiary required to be filed with the Governmental Body charged with supervision of insurance companies in the State of Connecticut. The term "Reserve Credit Event" means any event that would cause the Beneficiary to not be permitted to receive Reserve Credit on any of its statutory financial statements provided that such event has not been remedied prior to the last calendar day of the calendar quarter in which such event occurs. The term "S&P" shall mean Standard & Poor's Ratings Services, a Standard & Poor's Financial Services LLC business, or any successor thereto. The term "Security Entitlement" shall mean "security entitlement" as defined in the UCC. The term "Statutory Book Value" shall mean, with respect to any Eligible Asset, the dollar amount thereof stated on the statutory financial statements as admitted assets of the Grantor, as determined in accordance with the statutory accounting requirements in the Grantor's state of domicile, but disregarding any prescribed or permitted practices applicable to the Grantor. The term "Termination Date" shall have the meaning specified in Section 12(b) of this Agreement. The term "Termination Notice" shall have the meaning specified in Section 12(b) of this Agreement. The term "Third Party Appraiser" shall mean a nationally recognized independent appraisal firm which is mutually acceptable to the Grantor and the Beneficiary or, if the Grantor and the Beneficiary are unable to agree on such an appraisal firm, an independent appraisal firm selected by mutual agreement of the Grantor's and the Beneficiary's independent accountants. The term "Triggering Event" shall mean means either of the following occurrences: (a) the Grantor's RBC Ratio falls below 300% as of a quarter-end and the Grantor has not cured such shortfall as of the applicable RBC Reporting Deadline; provided, that in the event there is a material change in the factors and formulae prescribed by the insurance regulatory authority in the Grantor's state of domicile with respect to the components of and methodologies contained in such calculation, the parties hereto shall amend this Agreement to incorporate an alternate calculation that is reasonably equivalent to the components of and methodologies contained in the calculation of...