Financed Amounts definition

Financed Amounts means such amounts referred to in Clauses 5.2.4(a) and 5.2.4(b).
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Financed Amounts means, as of any date of determination, with respect to all or any portion of the Covered Insurance Policies consisting of term life insurance policies retroceded by the Reinsurer in connection with any reserve financing or securitization as of such date, an amount equal to (i) the General Account Reserves as of such date, minus (ii) the Reinsurance Receivables as of such date, minus (iii) the amount of Uncollected/Deferred Premiums as of such date, minus (iv) reserve credits as of such date under the Existing Reinsurance Agreements that are novated to the Reinsurer after the Effective Time, in each case only with respect to the portion of such amounts in respect of all or any portion of such term life insurance Covered Insurance Policies that are retroceded in connection with any such reserve financing or securitization; provided that the Financed Amounts shall not exceed $275,000,000 without the prior written consent of the Ceding Company; provided further, however, that in the event that the Reinsurer’s RBC Ratio falls below 250% as of a calendar quarter-end and the Reinsurer has not cured such shortfall as of the forty-fifth (45th) calendar day following such calendar quarter-end, the Financed Amounts shall, thereafter, be reduced by the amount of the economic reserves, as of such date of determination, associated with any such reserve financing or securitization.
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Financed Amounts shall have the meaning set forth in the Reinsurance Agreement.
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Examples of Financed Amounts in a sentence

  • As of the date hereof, there are no conditions precedent related to the funding of the full amount of the Financing or any contingencies that would permit the Lenders to reduce the total amount of the Financing below the amount necessary to pay the Financed Amounts (including any condition or other contingency relating to the amount or availability of the Financing pursuant to any “flex” provision), other than as explicitly set forth in the Financing Commitments.

  • Buyer shall not, and shall cause its Affiliates, Representatives and Financing Sources not to, make any written or oral request for approval from any Governmental Entity for the NER Financing to include financing of more than $513,000,000 in Financed Amounts, subject to Section 4.3 of the Buyer Disclosure Schedule.

  • A non-utilization fee (the “Non-Utilization Fee”) equal to zero point twenty five per cent (0.25%) per annum calculated on the difference between the Maximum Financing Amount and the Financed Amounts shall be paid by the Company to the Factor on a monthly basis.

  • Promptly upon receipt of any complete Loan Package, the Servicer shall review such Loan Package to confirm that (i) each Receivable File included in such Loan Package contains the documents enumerated in Section 3.03(2), and (ii) the Financed Amount set forth in the accompanying Summary Loan Disbursement and Data Sheet accurately reflects the aggregate Financed Amounts of all Receivables included in such Loan Package.

  • The Parties agree that (i) the amounts of the Transferred Receivables which may be financed for the Company on any day cannot exceed the Maximum Funding Amount less the aggregate Financed Amounts as at such day and (ii) that, for the avoidance of doubt, the total amount of the Financed Amounts shall never exceed the Maximum Funding Amount.


More Definitions of Financed Amounts

Financed Amounts means the total Disbursements pursuant to this Agreement, which at any given time, result due and outstanding by the Lessee.
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Financed Amounts means: (a) statutory reserves, calculated in accordance with SAP, with respect to the universal life insurance business with secondary guarantees and term life insurance business with premium guarantees that are included in the Company Business; minus (b) Economic Reserves (as such term is described or defined in the NER Commitment Letter or the term sheet attached thereto), excluding any risk spread or similar fees or other costs and expenses incurred by Buyer or the Captive (as such term is defined in the NER Commitment Letter) in connection with or arising under the NER Financing.
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Financed Amounts means, as of any date of determination, with respect to all or any portion of the Reinsured Contracts consisting of term or universal life insurance policies retroceded by the Reinsurer in connection with any reserve financing or securitization as of such date, an amount equal to the General Account Reserves as of such date in respect of all or any portion of such term or universal life insurance Reinsured Contracts that are retroceded in connection with any such reserve financing or securitization; provided that the Financed Amounts shall not exceed as of any such date, the maximum amount set forth on Schedule H with respect to such date; provided, further, that if on any such date of determination a Reserve Credit Event has occurred and is continuing then the Financed Amounts as of such date shall mean zero.
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Financed Amounts means, as of any date of determination, with respect to all or any portion of the Covered Insurance Policies consisting of term life insurance policies retroceded by the Reinsurer in connection with any reserve financing or securitization as of such date, an amount equal to (i) the General Account Reserves as of such date, MINUS (ii) the Reinsurance Receivables as of such date, MINUS (iii) the amount of Uncollected/Deferred Premiums as of such date, MINUS (iv) reserve credits as of such date under the Existing Reinsurance Agreements that are novated to the Reinsurer after the Effective Time, in each case only with respect to the portion of such amounts in respect of all or any portion of such term life insurance Covered Insurance Policies that are retroceded in connection with any such reserve financing or securitization; PROVIDED that the Financed Amounts shall not exceed $275,000,000 without the prior written consent of the Ceding Company; PROVIDED FURTHER, HOWEVER, that in the event that the Reinsurer's RBC Ratio falls below 250% as of a calendar quarter-end and the Reinsurer has not cured such shortfall as of the forty-fifth (45th) calendar day following such calendar quarter-end, the Financed Amounts shall, thereafter, be reduced by the amount of the economic reserves, as of such date of determination, associated with any such reserve financing or securitization.
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Financed Amounts means the amounts of Transferred Receivables benefiting from the Financing.
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Related to Financed Amounts

  • Amounts receivable by the Trust in a foreign currency shall be reported to the Evaluator who shall convert the same to U.S. dollars based on current exchange rates, in the same manner as provided in Section 4.01(b) or 4.01(c), as applicable, for the conversion of the valuation of foreign Equity Securities, and the Evaluator shall report such conversion with each Evaluation made pursuant to Section 4.01."

  • Declined Amounts has the meaning specified in Section 2.05(c).

  • Reallocated Collateral Principal Collections means, with respect to any Transfer Date, Collections of Principal Receivables applied in accordance with subsections 4.12(a) and (b) in an amount not to exceed the product of (a) the Collateral Allocation with respect to the Monthly Period relating to such Transfer Date and (b) the Investor Percentage with respect to the Monthly Period relating to such Transfer Date and (c) the amount of Collections of Principal Receivables with respect to the Monthly Period relating to such Transfer Date; provided, however, that such amount shall not exceed the Collateral Interest after giving effect to any Collateral Charge-Offs for such Transfer Date.

  • Secured Amounts means all money and amounts, including interest or payments in the nature of interest, that the Customer is or may become liable at any time to pay to or for the account of the Secured Party and includes money and amounts:

  • Finance Charge Receivables means Receivables created in respect of periodic finance charges, late fees, returned check fees and all other similar fees and charges billed or accrued and unpaid on an Account.