Applicable 2016 Liabilities

Applicable 2016 Liabilities. Means the total dollar amount of liabilities for all annuities, funding agreements, pension risk transfer and other insurance liabilities sourced by Athene, whether directly, through reinsurance or otherwise (but excluding liabilities obtained through block reinsurance or the acquisition of an entity; and also excluding liabilities obtained in connection with a pension risk transfer transaction if such risk transfer transaction is mutually agreed to be subject to this exclusion after the date... hereof by the parties hereto), during 2016 in excess of $5.1 billion; provided that the reserves backing such liabilities are, as of the applicable date of invoice of AAM fees under the Fee Agreement, in an Athene-Related Account. View More