Initial Coinsurance Reinsurance Premium. On the Effective Date, Ceding Company shall deliver to Reinsurer an estimated accounting as described in Section 5.01 calculated as of the Effective Date, and Ceding Company shall transfer an initial reinsurance premium ("Initial Coinsurance Reinsurance Premium") to Reinsurer on the Effective Date in the form of cash and/or assets listed in Exhibit C with an estimated fair market value as of the Effective Date equal to the Net Coinsurance Reserve (including associated unamortized interest maintenance reserves)described in Exhibit B.
Initial Coinsurance Reinsurance Premium. Ceding Company shall deliver to Reinsurer an estimated accounting as described in Section 5.01 calculated as of the Effective Date, and Ceding Company shall transfer an initial reinsurance premium ("INITIAL COINSURANCE REINSURANCE PREMIUM") to Reinsurer within 20 business days of the Effective Date in the form of cash and/or assets listed in Exhibit C with an estimated fair market value as of the Effective Date equal to the greater of the Net Coinsurance Reserve described in Exhibit B and the fair value of the coinsured liabilities as calculated by the Ceding Company in accordance with generally accepted accounting principles as of the Effective Date.
Initial Coinsurance Reinsurance Premium. In accordance with the Effective Date Accounting, the Company shall transfer an initial reinsurance premium (“Initial Coinsurance Reinsurance Premium”) to the Reinsurer within twenty (20) business days of the Effective Date in the form of cash and/or assets (as mutually agreed upon by the parties) with an estimated fair market value as of the Effective Date equal to the Coinsurance Reserve (as defined in Section 10e.). The Initial Coinsurance Reinsurance Premium may be net settled with the Initial Ceding Commission (as defined in Section 10f. below).
