Common use of COVERED AMOUNTS Clause in Contracts

COVERED AMOUNTS. Each Reinsurer shall be liable for its quota share percentage of the Company's liability that directly or indirectly, in whole or in part, arises out of or in connection with the Policy, including, but not limited to, the Business Covered and all Covered Amounts paid or payable by the Company under the Policy, and for any late payment fees paid or payable by the Company under the Policy that are attributable to the applicable Reinsurer or any Terminal Settlement Amount or True-Up Amount payable by such Reinsurer, as applicable. For the avoidance of doubt, no Reinsurer shall be liable for any other Reinsurer's quota share percentage of the Company's liability under the Policy, for any late payment fees attributable to another Reinsurer, or any Terminal Settlement Amount or True-Up Amount payable by any other Reinsurer, as applicable.

COVERED AMOUNTS. Each Reinsurer shall be liable for its quota share percentage of the Company's liability that directly or indirectly, in whole or in part, arises out of or in connection with the Policy, including, but not limited to, the Business Covered and all Covered Amounts paid or payable by the Company under the Policy, and for any late payment fees paid or payable by the Company under the Policy that are attributable to the applicable Reinsurer or any Terminal Settlement Amount or True-Up Amount payable by such Reinsurer, as applicable. For the avoidance of doubt, no Reinsurer shall be liable for any other Reinsurer's ’s quota share percentage of the Company's ’s liability under the Policy, for any late payment fees attributable to another Reinsurer, or any Terminal Settlement Amount or True-Up Amount payable by any other Reinsurer, as applicable.