Terminated Contract definition
Examples of Terminated Contract in a sentence
With respect to any Terminated Contract, the Reinsurer shall transfer to the Ceding Company cash and/or other Eligible Assets having a Fair Market Value equal to the Terminated Contract Transfer Amount within five (5) Business Days of the Parties’ agreement on the Terminated Contract Transfer Amount.
The Ceding Company shall calculate, and the Parties shall mutually agree upon, the Terminated Contract Transfer Amount for such Terminated Contract.
The effective date with respect to the transfer of any Terminated Contract pursuant to this Section 2.7(c) shall be the date assets in the relevant amount in respect thereof are transferred to the Ceding Company.
Any Terminated Contract discovered during such period shall be deemed to be removed from Schedule D.