Additional Reinsurance Premium. In addition to the Reinsurance Premium and the Reserve Transfer Amount, the Company shall pay to the Reinsurer (i) an amount equal to the Net Premiums from Operations collected during each calendar quarter (or part thereof) that this Agreement is in effect, and (ii) an amount equal to all salvage, subrogation and other recoveries collected on or after the Inception Date related to claims paid prior to the Inception Date.
Additional Reinsurance Premium. As additional consideration for the Reinsurer entering into this Agreement, Reinsurer shall be entitled to 100% of all premiums and other considerations (including all reinsurance premium and Stop-Loss Payments from Travelers to the Company under the Travelers Reinsurance Agreement) to the extent received on or after the Inception Date by the Company or the Reinsurer with respect to the Reinsured Policies, including premium receivables that were due and unpaid as of the Inception Date that were taken into account in the calculation of the Initial Reinsurance Premium.
Additional Reinsurance Premium. The Cedent shall pay a premium to the Reinsurer equal to 10% of Covered Losses paid by the Reinsurer in excess of fifty million dollars ($50,000,000) pursuant to the Second Layer Reinsurance Coverage; provided, however, that the amount of such premium due from the Cedent shall not exceed ten million dollars ($10,000,000) in the aggregate (the “Additional Reinsurance Premium”). The Additional Reinsurance Premium shall be payable on the date that the Reinsurer pays the applicable Covered Loss to the Cedent.
Additional Reinsurance Premium. In the event that Zenith pays any amount of Insurance Liabilities pursuant to this Agreement, the applicable Insurance Subsidiary shall pay to Zenith, as additional reinsurance premium, an amount equal to such Insurance Liabilities so paid.
