Performance Fees. (a) With respect to each fiscal quarter that this Agreement is in effect, commencing with the quarter in which this Agreement is executed, the Reinsurance Manager shall receive the Performance Fee (as defined below). Within 45 calendar days following the last day of each fiscal quarter, the Reinsurance Manager shall make available the quarterly calculation of the Management Fee to Parent with respect to such quarter, and Parent shall pay the Reinsurance Manager the Performance Fee for such quarter in cash within 15 Business Days thereafter.
Appears in 4 contracts
Samples: Underwriting and Insurance Management Agreement (Blue Capital Reinsurance Holdings Ltd.), Underwriting and Insurance Management Agreement (Montpelier Re Holdings LTD), Underwriting and Insurance Management Agreement (Blue Capital Reinsurance Holdings Ltd.)
