Common use of NET RETAINED LINES Clause in Contracts

NET RETAINED LINES. This Agreement applies only to that portion of any insurance or reinsurance which the Reinsured and/or its agents retains net for its own account, inclusive of underlying insurance or reinsurance. 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 insurance or reinsurance which the Reinsured retains net for its own account, inclusive of underlying insurance or reinsurance, shall be included. The amount of the Reinsurer’s liability hereunder in respect of any loss or losses shall not be increased by reason of the inability of the Reinsured to collect from any other reinsurers, whether specific or general, any amount which may have become due from them, whether such inability arise from the insolvency of such other reinsurers or otherwise.

NET RETAINED LINES. This Agreement applies only to that portion of any insurance or reinsurance policy which the Reinsured and/or its agents Company retains net for its own account, inclusive of underlying insurance or reinsurance. In account and in calculating the amount of any loss hereunder, 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 insurance or reinsurance policy which the Reinsured Company retains net for its own account, inclusive of underlying insurance or reinsurance, 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 the Reinsurer’s Reinsurers’ liability hereunder in respect of any loss or losses shall not be increased by reason of the inability of the Reinsured Company to collect from any other reinsurersReinsurer(s), whether specific or general, any amount amounts which may have become due from themsuch Reinsurer(s), whether such inability arise arises from the insolvency of such other reinsurers Reinsurer(s) or otherwise.