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Common use of Payments by the Reinsurer Clause in Contracts

Payments by the Reinsurer. In consideration of the reinsurance by the Ceding Company of the Covered Insurance Policies, the Reinsurer shall pay to the Ceding Company, on the Closing Date, its share of the Ceding Commission attributable to the reinsurance hereunder in the manner contemplated in Section 3.3(b) of the Purchase Agreement. In addition, the Reinsurer shall pay and discharge all payments made under or as a result of the Reinsured Liabilities which are or which become due and payable at or at any time after the Effective Time.

Appears in 3 contracts

Samples: Reinsurance Agreement (Union Security Insurance Co Variable Account C), Reinsurance Agreement (Hartford Life Insurance Co Separate Account Vl Ii), Reinsurance Agreement (Hartford Life & Annuity Ins Co Separate Acount Vlii)

Payments by the Reinsurer. In consideration of the reinsurance by the Ceding Company Company’s cession of the Covered Insurance PoliciesPolicies to the Reinsurer hereunder, the Reinsurer shall (a) pay to the Ceding Company, on the Closing Date, its share of the Adjusted Ceding Commission attributable to the reinsurance hereunder in the manner contemplated in Section 3.3(b3.1 and (b) of the Purchase Agreement. In addition, the Reinsurer shall pay and discharge, or indemnify the Ceding Company for the payment and discharge of, all payments made under or as a result of the Reinsured Liabilities which are or which become due and payable by the Reinsurer under the terms of this Agreement and the Administrative Services Agreement at or at any time after the Effective Time.

Appears in 3 contracts

Samples: Master Agreement (AXA Equitable Holdings, Inc.), Master Agreement (Protective Life Insurance Co), Master Agreement (Protective Life Corp)