OBLIGATIONS OF THE REINSURER Sample Clauses

OBLIGATIONS OF THE REINSURER. 1. The Reinsurer agrees to reinsure to the extent of the relevant Reinsurance Percentage the Policy issued by the Insurer in the terms described in an accepted Final Proposal Form as defined in Appendix D. 2. The Reinsurer, relying on the information provided by the Insurer in Annex 1 or 2 of this Agreement, as the case may be, and the Preliminary Proposal Form and Final Proposal Form (as defined in Appendix B & D), agrese to the text of the Insurer´s documents without reservation. 3. The Reinsurer agrees to pay to the Insurer a sum equal to that proportion of any claim paid by the Insurer on the relevant Policy which the Reinsurance Percentage bears to the value of that Policy. The Reinsurer undertakes to meet his payment obligation within 30 Business Days of the dat on which the Insurer gives notice that he has paid a claim. If the Reinsurer cannot meet the request, he will notify the Insurer as soon as possible (and in any event at least 5 Business Days before the date specified by the Insurer) and undertakes to make such payment within 30 Business Days following the specified date. 4. The Reinsurer is not obliged to offer a higher percentage of cover than mentioned in Annexes 1 or 2. 5. The Reinsurer undertakes to consult the Insurer about any problem of which he becomes aware and which may affect performance of the Supply Contract or related loan agreements. 6. If any refund of premium is made to the insured by the Insurer in accordance with the general terms and conditions applicable to the reinsured policy, the Reinsurer agrees to pay to the Insurer on demand an equivalent amount of the premium collected (including the retained premium ad administrative cost) in the event that the cuase for the refund of premium also becomes relevant for the reinsured portion. A refund of premium has, for instance, to be made as a consequence of a reduction of the covered amounts or of the risk period.
Sample 1Sample 2
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OBLIGATIONS OF THE REINSURER. 1. The Reinsurer undertakes to reinsure to the extent of the relevant Reinsurance Percentage the Policy issued by the Insurer in the terms set out in a Final Proposal Form which he has accepted. 2. The Reinsurer, relying on the information provided by the Insurer in Annex 1 or Annex 2 to this Agreement as the case may be and in each case on the Preliminary Proposal Form and Final Proposal Form, agrees in that case to the text of the Insurer´s Policy documents. 3. The Reinsurer agrees to pay the Insurer a sum equal to that proportion of any claim paid or to be paid by the Insurer on the relevant Policy which the Reinsurance Percentage bears to the value of that Policy, such payment to be made not more than 30 business days after the date on which the Insurer gives notice that he has paid a claim. 4. Unless otherwise agreed by the parties, the percentage of cover given by the Reinsurer will not exceed 95 % of the value of its portion of the insured transaction. 5. The Reinsurer undertakes to consult the Insurer about any problem of which it becomes aware and which may affect the performance of the Supply Contract or related loan agreements. 6. If any refund of premium is made to the Insured in accordance with the terms of the Policy, and that refund is applicable to the reinsured portion because of a reduction in the amount reinsured or of the period of risk, the Reinsurer undertakes to pay to the Insurer on demand a sum equal to that proportion of the refunded premium which the Reinsurance Percentage bears to the value of that Policy (including the premium retained as administrative cost).
Sample 1
OBLIGATIONS OF THE REINSURER. Subject to Section 4.1 to the extent that Ultimate Net Loss equals or exceeds the Retention, the Reinsurer shall (i) indemnify the Reinsured for any Ultimate Net Loss actually paid by the Reinsured after Attachment and (ii) following the commencement of Run-Off Services, discharge from its own funds Ultimate Net Loss payable by the Reinsured after Attachment.
Sample 1
OBLIGATIONS OF THE REINSURER portion either 1. The Reinsurer agrees to reinsure to the extent of the relevant Reinsurance Percentage the Policy issued by the Insurer in the terms described in an accepted Final Proposal Form. 2. The Reinsurer, relying on the information provided by the Insurer in Annex 1 or 2 of this Agreement, as the case may be, and the Preliminary Proposal Form and Final Proposal Form agrees to the text of the Insurer’s documents without reservation. 3. The Reinsurer agrees to pay to the Insurer a sum equal to that proportion of any claim paid or to be paid by the Insurer on the relevant Policy which the Reinsurance Percentage bears to the value of that Policy, such payment to be made not more than 30 Business Days after the date on which the Insurer gives notice that he has paid a claim. Should the manufacturing risk be reinsured, the Reinsurance Percentage shall also apply to a loss resulting therefrom, notwithstanding to which part of the Supply Contract the costs to be indemnified have occurred. 4. The Reinsurer undertakes to consult the Insurer about any problem of which he becomes aware and which may affect performance of the Supply Contract or related loan agreements.
Sample 1
OBLIGATIONS OF THE REINSURER. 1. The Reinsurer agrees to reinsure to the extent of the relevant Reinsurance Percentage the Policy issued by the Insurer in the terms described in the accepted Final Proposal Form. 2. The Reinsurer, relying on the Information provided by the Insurer in Annex 1 or 2 of this Agreement as the case may be and the Preliminary Proposal Form and Final Proposal Form, agrees without reservation to the text of the lnsurer's documents relating to the Policy. 3. The Reinsurer agrees to pay the Insurer a sum equal to that proportion of any claim paid or to be paid by the Insurer on the relevant Policy which the Reinsurance Percentage bears to the value of that Policy, such payment to be made not more than 30 business days after the date on which the Insurer gives notice that he has paid a claim. 4. The Reinsurer is not obliged to offer a higher percentage of cover than mentioned in Annexes 1 or 2. 5. The Reinsurer undertakes to consult the Insurer about any problem of which he becomes aware and which may affect performance of the Supply Contract or related loan agreements.
Sample 1

Related to OBLIGATIONS OF THE REINSURER

  • Obligations of the Parties Clause 8

  • Obligations of the Company Whenever required under this Section 2 to effect the registration of any Registrable Securities, the Company shall, as expeditiously as reasonably possible: (a) prepare and file with the SEC a registration statement with respect to such Registrable Securities and use its commercially reasonable efforts to cause such registration statement to become effective and, upon the request of the Holders of a majority of the Registrable Securities registered thereunder, keep such registration statement effective for a period of up to one hundred twenty (120) days or, if earlier, until the distribution contemplated in the registration statement has been completed; provided, however, that (i) such one hundred twenty (120) day period shall be extended for a period of time equal to the period the Holder refrains, at the request of an underwriter of Common Stock (or other securities) of the Company, from selling any securities included in such registration, and (ii) in the case of any registration of Registrable Securities on Form S-3 that are intended to be offered on a continuous or delayed basis, subject to compliance with applicable SEC rules, such one hundred twenty (120) day period shall be extended for up to sixty (60) days, if necessary, to keep the registration statement effective until all such Registrable Securities are sold; (b) prepare and file with the SEC such amendments and supplements to such registration statement, and the prospectus used in connection with such registration statement, as may be necessary to comply with the Securities Act in order to enable the disposition of all securities covered by such registration statement; (c) furnish to the selling Holders such numbers of copies of a prospectus, including a preliminary prospectus, as required by the Securities Act, and such other documents as the Holders may reasonably request in order to facilitate their disposition of their Registrable Securities; (d) use its commercially reasonable efforts to register and qualify the securities covered by such registration statement under such other securities or blue-sky laws of such jurisdictions as shall be reasonably requested by the selling Holders; provided that the Company shall not be required to qualify to do business or to file a general consent to service of process in any such states or jurisdictions, unless the Company is already subject to service in such jurisdiction and except as may be required by the Securities Act; (e) in the event of any underwritten public offering, enter into and perform its obligations under an underwriting agreement, in usual and customary form, with the underwriter(s) of such offering; (f) use its commercially reasonable efforts to cause all such Registrable Securities covered by such registration statement to be listed on a national securities exchange or trading system and each securities exchange and trading system (if any) on which similar securities issued by the Company are then listed; (g) provide a transfer agent and registrar for all Registrable Securities registered pursuant to this Agreement and provide a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such registration; (h) promptly make available for inspection by the selling Holders, any managing underwriter(s) participating in any disposition pursuant to such registration statement, and any attorney or accountant or other agent retained by any such underwriter or selected by the selling Holders, all financial and other records, pertinent corporate documents, and properties of the Company, and cause the Company’s officers, directors, employees, and independent accountants to supply all information reasonably requested by any such seller, underwriter, attorney, accountant, or agent, in each case, as necessary or advisable to verify the accuracy of the information in such registration statement and to conduct appropriate due diligence in connection therewith; (i) notify each selling Holder, promptly after the Company receives notice thereof, of the time when such registration statement has been declared effective or a supplement to any prospectus forming a part of such registration statement has been filed; and (j) after such registration statement becomes effective, notify each selling Holder of any request by the SEC that the Company amend or supplement such registration statement or prospectus. In addition, the Company shall ensure that, at all times after any registration statement covering a public offering of securities of the Company under the Securities Act shall have become effective, its xxxxxxx xxxxxxx policy shall provide that the Company’s directors may implement a trading program under Rule 10b5-1 of the Exchange Act.

  • Obligations of the Manager a. The Manager shall provide (or cause the Series' Custodian (as defined in Section 3 hereof) to provide) timely information to the Sub-Adviser regarding such matters as the composition of assets of the Series, cash requirements and cash available for investment in the Series, and all other information as may be reasonably necessary for the Sub-Adviser to perform its responsibilities hereunder. b. The Manager has furnished the Sub-Adviser a copy of the prospectus and statement of additional information of the Series and agrees during the continuance of this Agreement to furnish the Sub-Adviser copies of any revisions or supplements thereto at, or, if practicable, before the time the revisions or supplements become effective. The Manager agrees to furnish the Sub-Adviser with minutes of meetings of the trustees of the Trust applicable to the Series to the extent they may affect the duties of the Sub-Adviser, and with copies of any financial statements or reports made by the Series to its shareholders, and any further materials or information which the Sub-Adviser may reasonably request to enable it to perform its functions under this Agreement.

  • Obligations of the Consultant Conduct of the Services

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