Common use of Interest Penalty Clause in Contracts

Interest Penalty. The provisions of this Article shall not be implemented unless specifically invoked, in writing, by the Reassured or Reinsurer. The interest amounts provided for in this Article will apply to the Reinsurer or to the Reassured in the following circumstances:

Appears in 8 contracts

Samples: Loss Reinsurance Contract (Darwin Professional Underwriters Inc), Share Reinsurance Contract (Darwin Professional Underwriters Inc), Reinsurance Agreement (Darwin Professional Underwriters Inc)

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Interest Penalty. The provisions of this Article shall not be implemented unless specifically invoked, in writing, by the Reassured or Reinsurer. The interest amounts provided for in this Article will apply to the Reinsurer or to the Reassured in the following circumstances:circumstances:-

Appears in 3 contracts

Samples: Darwin Professional Underwriters Inc, Darwin Professional Underwriters Inc, Darwin Professional Underwriters Inc

Interest Penalty. The provisions of this Article shall not be implemented unless specifically invoked, in writing, by the Reassured or Reinsurer. The interest amounts provided for in this Article will apply to the Reinsurer or to the Reassured in the following circumstances:: -

Appears in 2 contracts

Samples: Darwin Professional Underwriters Inc, Darwin Professional Underwriters Inc

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Interest Penalty. The provisions of this Article shall not be implemented unless specifically invoked, in writing, by the Reassured or Reinsurer. "The interest amounts provided for in this Article will apply to the Reinsurer or to the Reassured in the following circumstances:

Appears in 1 contract

Samples: Loss Reinsurance Contract (Darwin Professional Underwriters Inc)

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