Minimum Initial definition

Minimum Initial. Cession: None. The Ceding Company will retain up to an additional [percentage] over its maximum retention in order to avoid trivial amounts of reinsurance.
View Source
Minimum Initial. Cession Amount shall have the meaning set forth in Section 4.a of Exhibit B. OFAC shall have the meaning set forth in Section 15.5. Party, or collectively Parties, shall have the meaning set forth in Section 1.1. Personal Information shall have the meaning set forth in Section 24.1. Policy shall mean the [ ]. Policy Net Amount at Risk shall have the meaning set forth in Section 6.1.
View Source
Minimum Initial. Cession: None for automatic cessions. For facultative cessions, the minimum cession shall be [dollar amount] up to age 70, and [dollar amount] for ages over 70.
View Source

Examples of Minimum Initial in a sentence

  • When requesting the exchange of Shares as an initial investment in a Fund, Shareholders should ensure that the value of the Shares exchanged is equal to, or exceeds, the Minimum Initial Investment Amount for the relevant New Class specified in the Supplement for the relevant Fund.

  • The Company will not submit a policy to the Reinsurer unless the amount of reinsurance on the policy equals or exceeds the Minimum Initial Reinsurance Limit specified in Exhibit C.

  • The Company will not submit a policy to the Reinsurer unless the amount of reinsurance on the policy equals or exceeds the Minimum Initial Reinsurance Limit ceded to the Reinsurer as specified in Exhibit C.

  • The Company may not submit a policy to the Reinsurer unless the amount of the policy to be reinsured exceeds the Minimum Initial Reinsurance Limit specified in Exhibit C.

  • In the event of a Successful Initial Remarketing, the Remarketing Agent shall retain as a remarketing fee (the "Remarketing Fee") an amount not exceeding 25 basis points (0.25%) of the Minimum Initial Remarketing Price from any amount received in connection with such Initial Remarketing in excess of the Minimum Initial Remarketing Price.

  • In connection therewith, the registered holder or holders thereof agree, in the manner specified in Section 5 hereof, to pay to the Remarketing Agent a Remarketing Fee equal to an amount not exceeding 25 basis points (0.25%) of [the Minimum Initial Remarketing Price] [such aggregate principal amount,] payable by deduction from any amount received in connection from such [Initial][Secondary] Remarketing in excess of the [Minimum Initial Remarketing Price] [aggregate principal amount of the Securities].

  • This Policy is issued in consideration of payment of the Minimum Initial Premium shown in the Policy Schedule.

  • The Ceding Company will not cede a Policy to the Reinsurer unless the amount to be reinsured at issue exceeds the Minimum Initial Cession Amount.

  • No insurance will take effect until the Minimum Initial Premium is paid, while the health and other conditions of the Insured stay the same as described in the Application for this Policy.

  • PREMIUM PAYMENT PROVISIONS The Minimum Initial Premium shown in the Policy Schedule is due on or before the date the Policy is delivered.


More Definitions of Minimum Initial

Minimum Initial. Cession Amount shall have the meaning set forth in Exhibit B and applied as provided for in Section 4.a. OFAC shall have the meaning set forth in Section 15.5. Owner shall mean the person who owns a Certificate. Party, or collectively Parties, shall have the meaning set forth in Section 1.1. Policy shall mean the Group Universal Life or Group Variable Universal Life Policy issued to the Policyholder. Policyholder shall mean the employer or sponsoring organization who purchases the Policy on behalf of its employees. Policy Net Amount at Risk shall have the meaning set forth in Section 6.1. Reinsurer shall have the meaning set forth in Section 1.1. Reinsurer’s Share shall have the meaning set forth in Exhibit B. Termination Date shall have the meaning set forth in Section 23.3. [page break] Automatic and Facultative YRT Reinsurance Agreement Underwriting Guidelines shall have the meaning set forth in Exhibit C.
View Source
Minimum Initial means such amount or number of Shares (if any) as the Directors may from Investment Amount” time to time prescribe as the minimum initial subscription required by each Shareholder for Shares of each Class in a Fund as is specified in the Supplement for the relevant Fund;
View Source
Minimum Initial. Cession: None. The Ceding Company will retain up to an additional [percentage] over its maximum retention in order to avoid trivial amounts of reinsurance. If an international client does not meet the Ceding Company's financial or medical criteria, requires a flat extra or individual consideration under the Ceding Company's International Risk Guidelines, or if the country of origin or citizenship is not an agreed `A' or `B' location, then reinsurance will not be ceded automatically. The Ceding Company will promptly notify the Reinsurer of any proposed material changes in its international client guidelines. This Agreement will not extend to policies issued pursuant to such changes unless the Reinsurer has consented in writing to accept policies subject to such changes. EXHIBIT D (Revised January 1, 2005) REINSURANCE PREMIUMS
View Source

Related to Minimum Initial

  • Minimum Balance means, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month.

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $2,500,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • Minimum Investment means an investment in the project of at least two and one‑half million dollars within the investment period. If a county has an average annual unemployment rate of at least twice the state average during the last twenty‑four month period based on data available on the most recent November first, the minimum investment is one million dollars. The department shall designate these reduced investment counties by December thirty‑first of each year using data from the South Carolina Department of Employment and Workforce and the United States Department of Commerce. The designations are effective for a sponsor whose fee agreement is signed in the calendar year following the county designation. For all purposes of this chapter, the minimum investment may include amounts expended by a sponsor or sponsor affiliate as a nonresponsible party in a voluntary cleanup contract on the property pursuant to Article 7, Chapter 56, Title 44, the Brownfields Voluntary Cleanup Program, if the Department of Health and Environmental Control certifies completion of the cleanup. If the amounts under the Brownfields Voluntary Cleanup Program equal at least one million dollars, the investment threshold requirement of this chapter is deemed to have been met.

  • Minimum Term means the minimum initial period of service for each Service as shown on the Service Agreement and Order Schedule, such period to start on the date on which the relevant Service is first made available to you for use. For the avoidance of doubt, unless otherwise agreed the minimum term will be 12 months from your contract commencement date or other such date as may be notified to you in accordance with paragraph 19.2.

  • Minimum Initial Subscription means such greater or lesser amount as may be