LIMIT AND RETENTION. Reinsurers shall not be liable for any loss hereunder until the Company’s Ultimate Net Loss exceeds $25,000,000 each Loss Occurrence and then Reinsurers shall be liable for the amount of Ultimate Net Loss in excess of $25,000,000 with a limit of liability to Reinsurers of $15,000,000 Ultimate Net Loss each Loss Occurrence.
Appears in 2 contracts
Samples: Interests and Liabilities Contract (Eastern Insurance Holdings, Inc.), Interests and Liabilities Contract (Eastern Insurance Holdings, Inc.)
LIMIT AND RETENTION. Reinsurers shall not be liable for any loss hereunder until the Company’s Ultimate Net Loss exceeds $25,000,000 10,000,000 each Loss Occurrence and then Reinsurers shall be liable for the amount of Ultimate Net Loss in excess of $25,000,000 10,000,000 with a limit of liability to Reinsurers of $15,000,000 Ultimate Net Loss each Loss Occurrence.
Appears in 2 contracts
Samples: Interests and Liabilities Contract (Eastern Insurance Holdings, Inc.), Interests and Liabilities Contract (Eastern Insurance Holdings, Inc.)
