Additional Recapture Clause Samples
Additional Recapture. In addition to the Ceding Company’s recapture rights under Article I, Paragraph 4 and under Paragraph 4 above, the Riders reinsured hereunder are eligible for recapture, at the option of the Ceding Company, subject to ninety (90) calendar days prior written notice under the following conditions:
(a) The Ceding Company may on or after [XXX], recapture all of the Riders reinsured hereunder provided that the Ceding Company pays to the Reinsurer a Recapture Fee, as set forth in Paragraph 6 below, due at the end of the Accounting Period during which recapture occurs.
(b) The Ceding Company may recapture all of the Riders reinsured hereunder [XXX] years or later after the Effective Date of this Agreement without the payment of the Recapture Fee.
(c) A partial recapture is not permitted except as provided under Article I, Paragraph 4.
Additional Recapture. In addition to the Ceding Company’s recapture rights under Article I, Paragraph 5 and under Paragraph 4 above, the Riders reinsured hereunder are eligible for recapture, at the option of the Ceding Company, subject to [Redacted] prior written notice under the following conditions:
(a) The Ceding Company may, at any time after [Redacted] from the Effective Date, recapture all of the Riders reinsured hereunder and [Redacted] as determined under [Redacted] below, due at the end of the Accounting Period during which recapture occurs. EXECUTION VERSION Page 34 of 64
(b) The Ceding Company may recapture all of the Riders reinsured hereunder [Redacted] later after the Effective Date of this Agreement [Redacted].
(c) The Ceding Company may recapture all of the Riders reinsured hereunder upon the occurrence of a Risk Trigger Event (as defined herein) and in such case the Ceding Company shall pay the Reinsurer [Redacted].
(d) A partial recapture is not permitted except as provided under Article I, Paragraph 5.