Common use of Ceding Commission Clause in Contracts

Ceding Commission. With respect to the Reinsurance Contracts, Retrocessionaire shall pay the Retrocedant a ceding commission (the "CEDING COMMISSION") with respect to the Section B (Prospective) Coverage Period, and such Ceding Commission shall equal one hundred percent (100%) of the actual expenses incurred in writing each Reinsurance Contract, including actual ceding commissions and brokerage paid, as determined in accordance with Retrocedant's customary practices and procedures and as submitted to The St. Xxxx, all as allocable pro rata to periods from and after the Effective Time.

Appears in 11 contracts

Samples: Retrocession Agreement (Platinum Underwriters Holdings LTD), Retrocession Agreement (Platinum Underwriters Holdings LTD), Retrocession Agreement (Platinum Underwriters Holdings LTD)

AutoNDA by SimpleDocs

Ceding Commission. With respect to the Reinsurance ContractsContract, Retrocessionaire shall pay the Retrocedant a ceding commission (the "CEDING COMMISSION") with respect to the Section B (Prospective) Coverage Period, and such Ceding Commission shall equal one hundred percent (100%) of the actual expenses incurred in writing each the Reinsurance Contract, including actual ceding commissions and brokerage paid, as determined in accordance with Retrocedant's customary practices and procedures and as submitted to The St. Xxxx, all as allocable pro rata to periods from and after the Effective Time.

Appears in 4 contracts

Samples: Share Retrocession Agreement (Platinum Underwriters Holdings LTD), Retrocession Agreement (Platinum Underwriters Holdings LTD), Retrocession Agreement (Platinum Underwriters Holdings LTD)

Ceding Commission. With respect to the Reinsurance Contracts, Retrocessionaire shall pay the to Retrocedant a ceding commission (the "CEDING COMMISSION") with respect to the Section B (Prospective) Coverage Period, and such Ceding Commission shall equal one hundred percent (100%) of the actual expenses incurred in writing each Reinsurance Contract, including actual ceding commissions and brokerage paid, as determined in accordance with Retrocedant's customary practices and procedures and as submitted to The St. Xxxxprocedures, all as allocable pro rata to periods from and after the Effective Time.

Appears in 4 contracts

Samples: Retrocession Agreement (Platinum Underwriters Holdings LTD), Retrocession Agreement (Platinum Underwriters Holdings LTD), Retrocession Agreement (Platinum Underwriters Holdings LTD)

Ceding Commission. With respect to the Reinsurance ContractsContract, Retrocessionaire shall pay the to Retrocedant a ceding commission (the "CEDING COMMISSION") with respect to the Section B (Prospective) Coverage Period, and such Ceding Commission shall equal one hundred percent (100%) of the actual expenses incurred in writing each the Reinsurance Contract, including actual ceding commissions and brokerage paid, as determined in accordance with Retrocedant's customary practices and procedures and as submitted to The St. Xxxx, all as allocable pro rata to periods from and after the Effective Time.

Appears in 3 contracts

Samples: Share Retrocession Agreement (Platinum Underwriters Holdings LTD), Share Retrocession Agreement (Platinum Underwriters Holdings LTD), Quota Share Retrocession Agreement (Platinum Underwriters Holdings LTD)

Ceding Commission. With respect to the Reinsurance Contracts, Retrocessionaire shall pay the Retrocedant a ceding commission (the "CEDING COMMISSION") with respect to the Section B (Prospective) Coverage Period, and such Ceding Commission shall equal one hundred 100 percent (100%) of the actual expenses incurred in writing each Reinsurance Contract, including actual ceding commissions and brokerage paid, as determined in accordance with Retrocedant's customary practices and procedures and as submitted to The St. Xxxx, all as allocable pro rata to periods from and after the Effective Time.

Appears in 3 contracts

Samples: Retrocession Agreement (Platinum Underwriters Holdings LTD), Retrocession Agreement (Platinum Underwriters Holdings LTD), Retrocession Agreement (Platinum Underwriters Holdings LTD)

Ceding Commission. With respect to the Reinsurance Contracts, Retrocessionaire shall pay the to Retrocedant a ceding commission (the "CEDING COMMISSION") with respect to the Section B (Prospective) Coverage Period, and such Ceding Commission shall equal one hundred percent (100%) of the actual expenses incurred in writing each Reinsurance Contract, including actual ceding commissions and brokerage paid, as determined in accordance with Retrocedant's customary practices and procedures and as submitted to The St. Xxxx, all as allocable pro rata to periods from and after the Effective Time.

Appears in 1 contract

Samples: Quota Share Retrocession Agreement (Platinum Underwriters Holdings LTD)

AutoNDA by SimpleDocs

Ceding Commission. With respect to the Reinsurance Contracts, Retrocessionaire shall pay the Retrocedant a ceding commission (the "CEDING COMMISSION") with respect to the Section B (Prospective) Coverage Period, and such Ceding Commission shall equal one hundred percent per cent. (100%) of the actual expenses incurred in writing each Reinsurance Contract, including actual ceding commissions and brokerage paid, as determined in accordance with Retrocedant's customary practices and procedures and as submitted to The St. Xxxx, all as allocable pro rata to periods from and after the Effective Time.

Appears in 1 contract

Samples: Retrocession Agreement (Platinum Underwriters Holdings LTD)

Ceding Commission. With respect to the Reinsurance Contracts, Retrocessionaire shall pay the to Retrocedant a ceding commission (the "CEDING COMMISSION") with respect to the Section B (Prospective) Coverage Period, and such Ceding Commission shall equal one hundred percent (100%) of the actual expenses incurred in writing each Reinsurance Contract, including actual ceding commissions and brokerage paid, as determined in accordance with Retrocedant's customary practices and procedures and as submitted to The St. Xxxxprocedures, all as allocable pro rata to periods from and after the Effective Time.

Appears in 1 contract

Samples: Retrocession Agreement (Platinum Underwriters Holdings LTD)

Ceding Commission. With respect to the Reinsurance ContractsContract, Retrocessionaire shall pay the to Retrocedant a ceding commission (the "CEDING COMMISSION") with respect to the Section B (Prospective) Coverage Period, and such Ceding Commission shall equal one hundred percent (100%) of the actual expenses incurred in writing each Reinsurance Contract, including actual ceding commissions and brokerage paid, as determined in accordance with Retrocedant's customary practices and procedures and as submitted to The St. Xxxx, all as allocable pro rata to periods from and after the Effective Time.

Appears in 1 contract

Samples: Quota Share Retrocession Agreement (Platinum Underwriters Holdings LTD)

Time is Money Join Law Insider Premium to draft better contracts faster.