Inuring Reinsurance. As additional consideration for the liabilities assumed by the Reinsurer pursuant to this Agreement, the parties hereby agree that all Inuring Reinsurance shall inure to the benefit of the Reinsurer and, accordingly, any recovery of funds under the Inuring Reinsurance shall be paid promptly to the Reinsurer.
Appears in 3 contracts
Samples: Loss Portfolio Transfer Agreement (National General Holdings Corp.), Loss Portfolio Transfer Agreement (National General Holdings Corp.), Stock and Asset Purchase Agreement (Amtrust Financial Services, Inc.)
Inuring Reinsurance. As additional consideration for the liabilities assumed by the Reinsurer pursuant to this Agreement, the parties hereby agree that all Inuring Reinsurance shall inure to the benefit of the Reinsurer and, accordingly, any recovery of funds under the Inuring Reinsurance shall be paid promptly to the Reinsurer.. ARTICLE 3
Appears in 1 contract
Samples: Loss Portfolio Transfer Agreement (Amtrust Financial Services, Inc.)
