Funds Withheld Adjustment Sample Clauses

Funds Withheld Adjustment. The “Funds Withheld Adjustment” shall be calculated for each Accounting Period as [(1) – (2) – (3)], where: (1) equals the Investment Credit on the Funds Withheld Assets; (2) equals (i) if the Ceding Company calculates interest maintenance reserves monthly, the change in the Coinsurance Reserve for the Accounting Period (where the change equals the Coinsurance Reserve at the end of the Accounting Period minus the Coinsurance Reserve at the beginning of the Accounting Period); or (ii) if the Ceding Company calculates interest maintenance reserves quarterly, (a) for each Accounting Period which does not correspond to the last month of a calendar quarter, zero; and (b) for each Accounting Period which corresponds to the last month of a calendar quarter, the change in the IMR Amount for the calendar quarter (where the change equals the IMR Amount at the end of the calendar quarter, including any amortization of the IMR Amount for the Accounting Period, minus the IMR Amount at the beginning of the calendar quarter); and (3) equals the change in the IMR Amount for the Accounting Period (where the change equals the IMR Amount at the end of the Accounting Period, including any amortization of the IMR Amount for the Accounting Period as well as any ▇▇▇▇▇▇▇ Resolution Life Insurance Company and TR Re, Ltd. Annuity Reinsurance Agreement Effective October 1, 2021 Page 16 Post-Effective IMR generated during the Accounting Period, minus the IMR Amount at the beginning of the Accounting Period).
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Funds Withheld Adjustment. The “Funds Withheld Adjustment” shall be calculated for each Accounting Period as [(1) – (2)], where:
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Funds Withheld Adjustment. The "Funds Withheld Adjustment" shall be ------------------------- computed each Accounting Period equal to (a) minus (b) minus (c), in which: (a) equals the Funds Withheld Amount, as defined in Schedule B Paragraph 3, at the end of the current Accounting Period on the Policies; (b) equals the Funds Withheld Amount, as defined in Schedule B Paragraph 3, at the end of prior Accounting Period, on the Policies; and (c) equals the Funds Withheld Investment Credit, as described in Schedule C.
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Funds Withheld Adjustment. (a) Beginning the first Accounting Period following the Amendment Effective Date, the Funds Withheld Assets and the Required Funds Withheld Amount shall be determined as of the end of each Accounting Period and shall be reported on each Monthly Accounting Report. (b) A “Funds Withheld Adjustment” shall be determined and paid each Accounting Period as follows: (i) In the event the Funds Withheld Assets exceeds the Required Funds Withheld Amount, each determined as of the end of the Accounting Period and as set forth in the Monthly Accounting Report, such excess shall be (x) paid by the Ceding Company to the Reinsurer, and (y) released from the Funds Withheld Account. (ii) In the event that the Funds Withheld Assets is less than the Required Funds Withheld Amount, each determined as of the end of the Accounting Period and as set forth in the Monthly Accounting Report, such deficiency shall be paid by the Reinsurer to the Ceding Company and held by the Ceding Company in the Funds Withheld Account in accordance with this Article 6.
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Funds Withheld Adjustment. For each Accounting Period the adjustment to the Funds Withheld Account Balance (the "Funds Withheld Adjustment") will equal the greater of (a) plus (b) minus (c) and zero, where: (a) Equals the Opening Funds Withheld Account Balance as defined in Section 5 above; (b) Equals the Reinsurance Gain at the end of the Accounting Period as calculated in accordance with Section 6 above; (c) Equals the Coinsurance Reserve.
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Related to Funds Withheld Adjustment

  • Market Adjustment The parties to this Agreement recognize the appropriateness of market pay adjustments in rare instances for compelling reasons. To effectuate judgments in such cases, the President and AAUP Chapter President, in consultation, shall each name three (3) individuals to a university Market Evaluation Committee. Deans may submit recommendations for market pay adjustments with supporting written reasons to the committee. Said Committee shall consult with the President concerning proposed market pay adjustments reporting its advice not later than May 15 in each year. Upon the favorable recommendation of the President and the Chancellor, market pay adjustments may be approved effective at the beginning of that pay period including September 1 of the following year. Not more than one (1) market pay adjustment per one hundred (100) full-time members, or fraction thereof, may be recommended in any contract year. A member’s salary may not be increased beyond the maximum for the rank. Funding for this program shall be governed by Article 12.10.2.

  • CPI Adjustment If the CPI Percentage Increase (as defined below) is more than [***] for the relevant Adjustment Period, then the Rent payable during that Adjustment Period shall be adjusted upward by a percentage equal to the CPI Percentage Increase (as defined below) applicable to such Adjustment Period, but not to exceed an adjustment during any Adjustment Period of greater than [***]. The term “Consumer Price Index” shall mean the unadjusted Consumer Price Index for All Urban Workers, U.S. City Average, All Items, 1982-84=100, calculated and published by the United States Department of Labor, Bureau of Labor Statistics. The “CPI Percentage Increase” shall mean, with respect to any Adjustment Period, [***]. For the avoidance of doubt, no CPI Adjustment shall be made to any payment due under this Ground Lease for any Adjustment Period if the result of such CPI Adjustment would be to (a) reduce the amount of such payment to an amount that is less than the amount of such payment due for the immediately preceding Adjustment Period or (b) to raise the amount of such payment to an amount that is greater than [***]. For illustrative purposes only, [***]. The CPI Percentage Increase for any Adjustment Period shall be calculated by the Tenant, and the Tenant shall deliver written notice to the Landlord describing such calculation in reasonable detail (a “CPI Notice”) no later than thirty (30) days after the commencement of any Adjustment Period. If the Landlord disagrees with the Tenant’s calculation of the CPI Percentage Increase, then the Landlord shall deliver to the Tenant written notice, describing the basis for such disagreement in reasonable detail (a “CPI Disagreement Notice”), not later than thirty (30) days after delivery of the CPI Notice. If the Landlord fails to deliver a CPI Disagreement Notice within thirty (30) days after delivery of any CPI Notice, then the Landlord shall be conclusively deemed to have agreed with the calculation of the CPI Percentage Increase set forth in such CPI Notice.

  • True-Up Adjustments From time to time, until the Retirement of the Recovery Bonds, the Servicer shall identify the need for True-Up Adjustments and shall take all reasonable action to obtain and implement such True-Up Adjustments, all in accordance with the following:

  • Market Adjustments Neither this Article nor any other in this Collective Agreement prevents the Employer from using other funds to increase a Member’s salary in response to offers received from other employers or to accommodate other market forces.

  • Year-End Adjustment If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Operating Expense Limit.