Common use of LIABILITY OF THE REINSURERS Clause in Contracts

LIABILITY OF THE REINSURERS. The Reinsurers shall pay to the Company, with respect to each loss event, 95% of the amount of ultimate net loss in excess of the sum of: (a) The Company Retention of $5,000,000; and (b) The First Excess Cover of $10,000,000; and (c) The Second Excess Cover of $10,000,000, but not exceeding the Limit of Liability of the Reinsurers of 95% of the next $15,000,000 of ultimate net loss with respect to such loss event nor 95% of $30,000,000 with respect to all loss events commencing during the term of this Agreement. The Company shall retain net for its own account, with respect to each loss event, the remaining 5% of such ultimate net loss.

LIABILITY OF THE REINSURERS. The Reinsurers shall pay to the Company, with respect to each loss eventoccurrence, 95% of the amount of ultimate net loss in excess of the sum of: (a) The Company Retention of $5,000,000; and; (b) The First Excess Cover of $10,000,0005,000,000; and (c) The Second Excess Cover of $10,000,000, . but not exceeding the Limit of Liability of the Reinsurers Reinsurer of 95% of the next $15,000,000 20,000,000 of ultimate net loss with respect to such loss event occurrence nor 95% of $30,000,000 40,000,000 with respect to all loss events occurrences commencing during the term of this Agreement. The Company shall retain net for its own account, with respect to each loss eventoccurrence, the remaining 5% of such ultimate net loss.

LIABILITY OF THE REINSURERS. The Reinsurers shall pay to the Company, with respect to each loss event, 95% of the amount of ultimate net loss in excess of the sum of: (a) The Company Retention of $5,000,000; and (b) The First Excess Cover of $10,000,000; and (c) The Second Excess Cover of $10,000,000, (d) The Third Excess Cover of $15,000,000, but not exceeding the Limit of Liability of the Reinsurers of 95% of the next $15,000,000 10,000,000 of ultimate net loss with respect to such loss event nor 95% of $30,000,000 20,000,000 with respect to all loss events commencing during the term of this Agreement. The Company shall retain net for its own account, with respect to each loss event, the remaining 5% of such ultimate net loss.

LIABILITY OF THE REINSURERS. The Reinsurers shall pay to the Company, with respect to each loss event, 95% of the amount of ultimate net loss in excess of the sum of: (a) The Company Retention of $5,000,000; and (b) The First Excess Cover of $10,000,000; and (c) The Second Excess Cover of $10,000,000, but not exceeding the Limit of Liability of the Reinsurers of 95% of the next $15,000,000 10,000,000 of ultimate net loss with respect to such loss event nor 95% of $30,000,000 20,000,000 with respect to all loss events commencing during the term of this Agreement. The Company shall retain net for its own account, with respect to each loss event, the remaining 5% of such ultimate net loss.

LIABILITY OF THE REINSURERS. The Reinsurers shall pay to the Company, with respect to each loss eventoccurrence, 95% of the amount of ultimate net loss in excess of the sum of: (a) The Company Retention of $5,000,000; and (b) The First Excess Cover of $10,000,000; and (c) The Second Excess Cover of $10,000,0005,000,000, but not exceeding the Limit of Liability of the Reinsurers Reinsurer of 95% of the next $15,000,000 10,000,000 of ultimate net loss with respect to such loss event occurrence nor 95% of $30,000,000 20,000,000 with respect to all loss events occurrences commencing during the term of this Agreement. The Company shall retain net for its own account, with respect to each loss eventoccurrence, the remaining 5% of such ultimate net loss.