Ceding Commission. The Reinsurer shall pay to the Company on the Closing Date a Ceding Commission in the amount of $116,487,000. The Ceding Commission shall be credited to the Company as a reduction in the amount of cash or cash equivalents included within the Transferred Assets to be transferred by the Company to the Reinsurer at Closing in accordance with the provisions of Sections 3.2 hereof.
Appears in 5 contracts
Sources: Coinsurance Agreement, Coinsurance Agreement (ING U.S., Inc.), Coinsurance Agreement (Lincoln National Corp)
Ceding Commission. The On the Closing Date, the Reinsurer shall pay to the Ceding Company on the Closing Date a Ceding Commission ceding commission in the an amount of equal to $116,487,000. The Ceding Commission shall be credited to the Company as a reduction in the amount of cash or cash equivalents included within the Transferred Assets to be transferred by the Company to the Reinsurer at Closing in accordance with the provisions of Sections 3.2 hereof0.
Appears in 5 contracts
Sources: Combination Coinsurance and Modified Coinsurance Agreement (SAFG Retirement Services, Inc.), Combination Coinsurance and Modified Coinsurance Agreement (SAFG Retirement Services, Inc.), Combination Coinsurance and Modified Coinsurance Agreement (SAFG Retirement Services, Inc.)
Ceding Commission. The Reinsurer shall pay to the Company on the Closing Date a Ceding Commission in the amount of $116,487,0006,047,000. The Ceding Commission shall be credited to the Company as a reduction in the amount of cash or cash equivalents included within the Transferred Assets (as defined in the Coinsurance Agreement) to be transferred by the Company to the Reinsurer at Closing in pursuant to the Coinsurance Agreement. In accordance with Section 2.4 of this Agreement, there shall be no transfer of Separate Account Reserves or Separate Account Assets at the provisions of Sections 3.2 hereofClosing.
Appears in 4 contracts
Sources: Modified Coinsurance Agreement, Modified Coinsurance Agreement (ING U.S., Inc.), Modified Coinsurance Agreement (Ing Life Insurance & Annuity Co)
Ceding Commission. The Reinsurer shall pay to the Company on the Closing Date a Ceding Commission in the amount of $116,487,000662,004,000. The Ceding Commission shall be credited to the Company as a reduction in the amount of cash or cash equivalents included within the Transferred Assets to be transferred by the Company to the Reinsurer at Closing in accordance with the provisions of Sections 3.2 hereof.
Appears in 3 contracts
Sources: Coinsurance Agreement (ING U.S., Inc.), Coinsurance Agreement (Ing Life Insurance & Annuity Co), Asset Purchase Agreement (Lincoln National Corp)
Ceding Commission. The Reinsurer shall pay to the Company on the Closing Date a Ceding Commission in the amount of $116,487,00082,987,000. The Ceding Commission shall be credited to the Company as a reduction in the amount of cash or cash equivalents included within the Transferred Assets (as defined in the Coinsurance Agreement) to be transferred by the Company to the Reinsurer at Closing in pursuant to the Coinsurance Agreement. In accordance with Section 2.4 of this Agreement, there shall be no transfer of Separate Account Reserves or Separate Account Assets at the provisions of Sections 3.2 hereofClosing.
Appears in 3 contracts
Sources: Modified Coinsurance Agreement (ING U.S., Inc.), Modified Coinsurance Agreement (Ing Life Insurance & Annuity Co), Asset Purchase Agreement (Lincoln National Corp)
Ceding Commission. The On the Closing Date, the Reinsurer shall pay to the Ceding Company on the Closing Date a Ceding Commission ceding commission in the an amount of equal to $116,487,000. The Ceding Commission shall be credited to the Company as a reduction in the amount of cash or cash equivalents included within the Transferred Assets to be transferred by the Company to the Reinsurer at Closing in accordance with the provisions of Sections 3.2 hereof39,082,866.
Appears in 2 contracts
Sources: Modified Coinsurance Agreement (SAFG Retirement Services, Inc.), Modified Coinsurance Agreement (SAFG Retirement Services, Inc.)
Ceding Commission. The Reinsurer shall pay to the Company on the Closing Date a Ceding Commission Commission, in cash, in the amount of $116,487,000. The Ceding Commission shall be credited to the Company as a reduction in the amount of cash or cash equivalents included within the Transferred Assets to be transferred by the Company to the Reinsurer at Closing in accordance with the provisions of Sections 3.2 hereof28,730,000.
Appears in 1 contract
Ceding Commission. The Reinsurer shall pay to the Company on the Closing Date a Ceding Commission Commission, in cash, in the amount of $116,487,000. The Ceding Commission shall be credited to the Company as a reduction in the amount of cash or cash equivalents included within the Transferred Assets to be transferred by the Company to the Reinsurer at Closing in accordance with the provisions of Sections 3.2 hereof4,770,000.
Appears in 1 contract