Common use of CANCELLATION AND COMMUTATION OF INURING RETROCESSIONS Clause in Contracts

CANCELLATION AND COMMUTATION OF INURING RETROCESSIONS. (a) With respect to any Inuring Retrocessions providing coverage solely with respect to the Reinsurance Contracts, Retrocedant agrees, on behalf of itself and its affiliates, not to terminate or commute any such Inuring Retrocession without the written consent of Retrocessionaire. (b) With respect to any Inuring Retrocessions providing coverage for both the Reinsurance Contracts and to business not being transferred, neither party shall take any action or fail to take any action that would reasonably result in the termination or commutation of any Inuring Retrocession, without the prior written consent of the other party, such consent not to be unreasonably withheld.

CANCELLATION AND COMMUTATION OF INURING RETROCESSIONS. (a) With respect to any Inuring Retrocessions providing coverage solely with respect to the Reinsurance ContractsContract, Retrocedant agrees, on behalf of itself and its affiliates, not to terminate or commute any such Inuring Retrocession without the written consent of Retrocessionaire. (b) With respect to any Inuring Retrocessions providing coverage for both the Reinsurance Contracts Contract and to business not being transferred, neither party shall take any action or fail to take any action that would reasonably result in the termination or commutation of any Inuring Retrocession, without the prior written consent of the other party, such consent not to be unreasonably withheld.

CANCELLATION AND COMMUTATION OF INURING RETROCESSIONS. (a) With respect to any Inuring Retrocessions providing coverage solely with respect to the Reinsurance ContractsContract, Retrocedant agrees, on behalf of itself and its affiliates, not to terminate or commute any such Inuring Retrocession without the written consent of Retrocessionaire. (b) With respect to any Inuring Retrocessions providing coverage for both the Reinsurance Contracts Contract and to business not being transferred, neither party shall take any action or fail to take any action that would reasonably result in the termination or commutation of any Inuring Retrocession, without the prior written consent of the other party, such consent not to be unreasonably withheld.

CANCELLATION AND COMMUTATION OF INURING RETROCESSIONS. (aA) With respect to any Inuring Retrocessions providing coverage solely with respect to the Reinsurance Contracts, Retrocedant agrees, on behalf of itself and its affiliates, not to terminate or commute any such Inuring Retrocession without the written consent of Retrocessionaire. (bB) With respect to any Inuring Retrocessions providing coverage for both the Reinsurance Contracts and to business not being transferred, neither party shall take any action or fail to take any action that would reasonably result in the termination or commutation of any Inuring Retrocession, without the prior written consent of the other party, such consent not to be unreasonably withheld.