Termination Triggering Event definition

Termination Triggering Event means there has been a failure by the Ceding Company to pay any undisputed Net Settlement amounts in accordance with Section 3.3(a) or Section 3.3(c) in an aggregate amount in excess of [***], and such breach has not been cured within ten (10) calendar days after notice thereof from the Reinsurer.
View Source
Termination Triggering Event means there has been a failure by the Ceding Company to pay any undisputed amounts in accordance with the terms and conditions herein, and such breach has not been cured, by offset or otherwise, within thirty (30) calendar days after written notice thereof from the Reinsurer.
View Source
Termination Triggering Event means, in respect of the Consultant, where the Consultant ceases to be engaged by the Corporation for one or more of the following reasons:
View Source

Examples of Termination Triggering Event in a sentence

  • In the event Executive’s employment is terminated for any reason prior to a Change in Control, other than an Anticipatory Termination Triggering Event, Executive shall have no rights to any payments or benefits under this Agreement and after any such termination, this Agreement shall be of no further force or effect.

  • In the event Executive's employment is terminated for any reason prior to a Change in Control, other than an Anticipatory Termination Triggering Event, Executive shall have no rights to any payments or benefits under this Agreement and after any such termination, this Agreement shall be of no further force or effect.

  • From and after the Effective Time until the occurrence of an Administration Termination Triggering Event, each Monthly Accounting Period, Reinsurer shall pay to Cedant an expense allowance as calculated pursuant by Schedule 1.01(h) (the “Expense Allowance”), which Expense Allowance shall be paid to Cedant as part of the monthly settlement.

  • Following the occurrence of an Administration Termination Triggering Event, the Expense Allowance for each Monthly Accounting Period shall be equal to the greater of (i) 1/12 of the Baseline Fee (as defined in the Nautilus Administrative Services Agreement) and (ii) 1/12 of the actual aggregate cost to Cedant to administer the Reinsured Policies for the prior twelve (12) month period.

  • Such election shall be made no later than the first anniversary of the Grant Date in accordance with procedures prescribed by the Committee; provided, however, that in the event vesting occurs before the first anniversary of the Grant Date under Paragraph 4 or under Paragraph 2 on account of an Anticipatory Termination Triggering Event, such election shall be made no later than the date of such Change of Control or ten days after such Anticipatory Termination Triggering Event, as applicable.

  • If a Manager Termination Triggering Event has occurred (unless a majority in interest of the Common Members have elected waived such Manager Termination Triggering Event in writing) and a majority in interest of the Common Members elects to deliver a Termination Notice pursuant to Section 4.6, the provisions of this Section 4.7 shall apply.


More Definitions of Termination Triggering Event

Termination Triggering Event means there has been a failure by the Ceding Company to pay any undisputed amounts in accordance with the terms and conditions herein, and such breach has not been cured, by offset or otherwise, within thirty (30) calendar days after written notice thereof from the Reinsurer.
View Source

Related to Termination Triggering Event