Allocation Limit definition
Examples of Allocation Limit in a sentence
The term "Excess Risk," as used in this Agreement, shall mean a risk for which the amount to be written on a life by the Ceding Company, when added to any other amounts of risk for that life already in the Automatic Pool and any amounts not in the Automatic Pool that are retained by the Ceding Company or its affiliated companies, exceeds, either in whole or in part, the Total Allocation Limit for that life shown in Exhibit II.
On any Settlement Date, after giving effect to the payments made under Article II or Article III, the aggregate outstanding principal balances of the Advances exceed the Allocation Limit.
The Fixed Amount, if any, will be designated by Seller from time to time pursuant to Purchase Notices delivered in accordance with Section 1.2; provided, however, in no event will the Fixed Amount exceed the Gotham Group Allocation Limit, and in no event will the Conduit or ▇▇▇▇▇ Fargo fund any portion of the Fixed Amount.
If the total portion of such Net Premiums to be allocated to the sub-accounts exceeds the Initial Premium Allocation Limit shown on the Contract Information page, We may temporarily allocate the portion in excess of the Initial Net Premium Allocation Limit to the Fixed Account until after the end of the Right to Return Period, when We will allocate it to the sub-accounts in accordance with Your instructions.
If you reallocate the ending values of the Crediting Strategies for a Term, the percentage to be applied to the Declared Rate Strategy cannot exceed the Allocation Limit for the Declared Rate Strategy.