Common use of Cedent's Payment Obligations Clause in Contracts

Cedent's Payment Obligations. Cedent agrees to pay Reinsurer one hundred percent (100%) of the following amounts which are actually received by Cedent on or after the Effective Date: (a) premiums and other receivables to the extent they relate to (a) Other Reinsured Contracts or (b) Business Reinsured Contracts, but only to the extent such premium and other receivables relate to Pre-Effective Date Policy Periods; (b) litigation and claim recoveries from third parties to the extent they relate to the Reinsured Liabilities; (c) any amounts received under Terminated Reinsurance Contracts and any amounts received with respect to Pre-Effective Date Losses or Pre-Effective Date Policy Periods under Existing Reinsurance Contracts; and (d) any refunds or actual reduction of Taxes of Cedent resulting from tax credits actually received by Cedent based upon such taxes and assessments for which Reinsurer has paid to, or on behalf of, Cedent pursuant to Sections 3.3(a)(ii) and 3.3(a)(iii).