Common use of NET RETAINED LINES Clause in Contracts

NET RETAINED LINES. This Agreement applies only to that portion of any policy which the Company retains net for its own account and in calculating the amount of any loss hereunder and in computing the amount or amounts in excess of which this Agreement attaches, only loss or losses in respect of that portion of any policy which the Company retains net for its own account shall be included. However, it is understood and agreed that, in respect of losses recoverable under Part 3 hereof only, the foregoing provision shall separately apply to the liability of each individual programme covered. The amount of 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 Reinsurer(s), whether specific or general, any amounts which may have become due from such Reinsurer(s), whether such inability arises from the insolvency of such other Reinsurer(s) or otherwise.

NET RETAINED LINES. A. This Agreement Contract applies only to that portion of any policy Policy which the Company retains net for its own account (prior to deduction of any underlying reinsurance specifically permitted in this Contract), and in calculating the amount of any loss hereunder and also in computing the amount or amounts in excess of which this Agreement Contract attaches, only loss or losses in respect of that portion of any policy Policy which the Company retains net for its own account shall be included. However, it is understood and agreed that, in respect of losses recoverable under Part 3 hereof only, the foregoing provision shall separately apply to the liability of each individual programme covered. Casualty Catastrophe XOL Contract B. The amount of Reinsurers’ the Reinsurer’s 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 Reinsurer(sreinsurer(s), whether specific or general, any amounts which may have become due from such Reinsurer(sreinsurer(s), whether such inability arises from the insolvency of such other Reinsurer(sreinsurer(s) or otherwise.

NET RETAINED LINES. A. This Agreement Contract applies only to that portion of any policy Policy which the Company retains net for its own account (prior to deduction of any underlying reinsurance specifically permitted in this Contract), and in calculating the amount of any loss hereunder and also in computing the amount or amounts in excess of which this Agreement Contract attaches, only loss or losses in respect of that portion of any policy Policy which the Company retains net for its own account shall be included. However, it is understood and agreed that, in respect of losses recoverable under Part 3 hereof only, the foregoing provision shall separately apply to the liability of each individual programme covered. Casualty Catastrophe XOL Contract 17 B. The amount of Reinsurers’ the Reinsurer’s 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 Reinsurer(sreinsurer(s), whether specific or general, any amounts which may have become due from such Reinsurer(sreinsurer(s), whether such inability arises from the insolvency of such other Reinsurer(sreinsurer(s) or otherwise.

NET RETAINED LINES. This Agreement applies only to that portion of any policy insurances or reinsurances covered by this Agreement which the Company retains net for its own account (prior to deduction of any underlying reinsurance), 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 policy insurances or reinsurances which the Company retains net for its own account shall be included. However, it It is understood and agreed that, in respect of losses recoverable under Part 3 hereof only, that the foregoing provision shall separately apply to the liability of each individual programme covered. The amount of Reinsurers’ the Reinsurer's 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 Reinsurer(s)reinsurers, whether specific or general, any amounts which may have become due from such Reinsurer(s)them, whether such inability arises from the insolvency of such other Reinsurer(s) reinsurers or otherwise.