Common use of NET RETAINED LINE Clause in Contracts

NET RETAINED LINE. A. This Contract applies only to that portion of any insurance or reinsurance which the Company retains net for its own account and, in calculating the amount of any Loss hereunder and also in computing the amount or amounts in excess of which this Contract attaches, only Loss or losses in respect of that portion of any insurance or reinsurance which the Company retains net for its own account shall be included. B. It is agreed, however, that the amount of the Reinsurers’ liability hereunder in respect of any Loss or losses shall not be increased by reason of the inability of the Company to collect from any other Reinsurers, whether specific or general, any amounts which may have become due from them, whether such inability arises from the insolvency of such other Reinsurers or otherwise. C. Inter-company reinsurance among the companies collectively called the “Company” shall be entirely disregarded for all purposes of this Contract. D. Permission is hereby granted the Company to carry (i) underlying reinsurance and (ii) layers of catastrophe reinsurance both below and above this layer of coverage and

NET RETAINED LINE. A. This Contract applies only to that portion of any insurance or reinsurance which the Company retains net for its own account and, in calculating the amount of any Loss loss hereunder and also in computing the amount or amounts in excess of which this Contract attaches, only Loss loss or losses in respect of that portion of any insurance or reinsurance which the Company retains net for its own account shall be included. B. It is agreed, however, that the amount of the Reinsurers’ liability hereunder in respect of any Loss loss or losses shall not be increased by reason of the inability of the Company to collect from any other Reinsurers, whether specific or general, any amounts which may have become due from them, whether such inability arises from the insolvency of such other Reinsurers or otherwise. C. Inter-company reinsurance among the companies collectively called the “Company” shall be entirely disregarded for all purposes of this Contract. D. Permission is hereby granted the Company to carry (i) underlying reinsurance and (ii) layers of catastrophe reinsurance both below and above this layer of coverage andunderlying