NET RETAINED LINES. This Agreement applies only to that portion of any reinsurance or any Extra Contractual Obligations or Excess of Original Policy Limits which the Retrocedant 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 Agreement attaches, only loss or losses in respect of that portion of any reinsurance or any Extra Contractual Obligations or Excess of Original Policy Limits which the Retrocedant retains nets for its own account shall be included. The amount of the Retrocessionaires liability hereunder in respect of any loss or losses shall not be increased by reason of the inability of the Retrocedant to collect from any other Retrocessionaire, whether specific or general, any amounts which may have become due from them, whether such inability arises from the insolvency of such other Retrocessionaire or otherwise.
Appears in 6 contracts
Samples: Excess of Loss Retrocession Agreement, Excess of Loss Retrocession Agreement (Platinum Underwriters Holdings LTD), Excess of Loss Retrocession Agreement (Platinum Underwriters Holdings LTD)
NET RETAINED LINES. This Agreement applies only to that portion of any reinsurance or any Extra Contractual Obligations or Excess of Original Policy Limits which the Retrocedant 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 Agreement attaches, only loss or losses in respect of that portion of any reinsurance or any Extra Contractual Obligations or Excess of Original Policy Limits which the Retrocedant retains nets for its own account shall be included. The amount of the Retrocessionaires Retrocessionaire liability hereunder in respect of any loss or losses shall not be increased by reason of the inability of the Retrocedant to collect from any other Retrocessionaire, whether specific or general, any amounts which may have become due from them, whether such inability arises from the insolvency of such other Retrocessionaire or otherwise.
Appears in 4 contracts
Samples: Excess of Loss Retrocession Agreement (Platinum Underwriters Holdings LTD), Excess of Loss Retrocession Agreement (Platinum Underwriters Holdings LTD), Excess of Loss Retrocession Agreement (Platinum Underwriters Holdings LTD)