Common use of Recapture by Ceding Company for Other Material Breach Clause in Contracts

Recapture by Ceding Company for Other Material Breach. The Ceding Company may terminate this Agreement and recapture all of the Reinsured Policies in the event the Reinsurer materially breaches this Agreement and fails to substantially cure such material breach within thirty (30) calendar days following written notice thereof from the Ceding Company.

Appears in 4 contracts

Samples: Funds Withheld Coinsurance and Modified Coinsurance Agreement (Midwest Holding Inc.), Coinsurance Agreement (US Alliance Corp), Coinsurance Agreement (Midwest Holding Inc.)

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Recapture by Ceding Company for Other Material Breach. The Ceding Company may terminate this Agreement and recapture all of the Reinsured Policies in the event the Reinsurer materially breaches this Agreement and fails to substantially cure such material breach within thirty (30) calendar days following written notice thereof from the Ceding Company.

Appears in 4 contracts

Samples: Modified Coinsurance Agreement (Athene Holding LTD), Modified Coinsurance Agreement (Athene Holding LTD), Modified Coinsurance Agreement (Athene Holding LTD)

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