Loss Settlements. All loss settlements made by EMC Re within the terms of this XOL Agreement or by way of compromise, including any “Ex-gratia Settlements”, shall be binding upon EMCC, and EMCC agrees to pay or allow, as the case may be, its share of each such settlement in accordance with this XOL Agreement.
Appears in 5 contracts
Samples: Excess of Loss Reinsurance Agreement (Emc Insurance Group Inc), Excess of Loss Reinsurance Agreement (Emc Insurance Group Inc), Excess of Loss Reinsurance Agreement (Emc Insurance Group Inc)
Loss Settlements. All loss settlements made by EMC Re EMCC within the terms of this XOL Restated Agreement or by way of compromise, including any “Ex-gratia Settlements”, shall be binding upon EMCCEMC Re, and EMCC EMC Re agrees to pay or allow, as the case may be, its share of each such settlement in accordance with this XOL Restated Agreement.
Appears in 3 contracts
Samples: Quota Share Reinsurance Retrocessional Agreement (Emc Insurance Group Inc), Quota Share Reinsurance Retrocessional Agreement (Emc Insurance Group Inc), Quota Share Reinsurance Retrocessional Agreement (Emc Insurance Group Inc)
Loss Settlements. All loss settlements made by EMC Re EMCC within the terms of this XOL 100% QS Agreement or by way of compromise, including any “Ex-gratia Settlements”, shall be binding upon EMCCEMC Re, and EMCC EMC Re agrees to pay or allow, as the case may be, its share of each such settlement in accordance with this XOL 100% QS Agreement.
Appears in 2 contracts
Samples: Quota Share Reinsurance Retrocessional Agreement (Emc Insurance Group Inc), Quota Share Reinsurance Retrocessional Agreement (Emc Insurance Group Inc)
