Common use of Reinstatement Premium Clause in Contracts

Reinstatement Premium. As respects each contract year, and in the event of the whole or any portion of the second Coverage C indemnity limit being exhausted by loss, the amount so exhausted shall be automatically reinstated from the time of the loss and the Company shall pay to the Reinsurers an Additional Premium calculated by applying to the annual Minimum Premium to Reinsurers for the respective contract year, the percentage that the amount of indemnity so reinstated bears to the total amount of indemnity coverage afforded under Coverage C, subject to a minimum of 100% as to time, to be paid simultaneously with the payment of loss by the Reinsurers. Notwithstanding the above, the first 90% of $10,000,000 indemnity Limit shall be reinstated by the Reinsurers free of charge. Nevertheless, the Reinsurers' liability in any one claim shall never exceed 90% of $10,000,000 Ultimate Net Loss plus pro rata Loss Adjustment Expenses in respect of Coverage C.

Reinstatement Premium. As respects each contract year, and in the event of the whole or any portion of the second Coverage C B indemnity limit being exhausted by loss, the amount so exhausted shall be automatically reinstated from the time of the loss and the Company shall pay to the Reinsurers an Additional Premium calculated by applying to the annual Minimum Premium to Reinsurers for the respective contract year, the percentage that the amount of indemnity so reinstated bears to the total amount of indemnity coverage afforded under Coverage CB, subject to a minimum of 100% as to time, to be paid simultaneously with the payment of loss by the Reinsurers. Notwithstanding the above, the first 90% of $10,000,000 indemnity Limit shall be reinstated by the Reinsurers free of charge. Nevertheless, the Reinsurers' liability in any one claim shall never exceed 90% of $10,000,000 Ultimate Net Loss plus pro rata Loss Adjustment Expenses in respect of Coverage C.B.

Reinstatement Premium. As respects each contract year, and in the event of the whole or any portion of the second Coverage C indemnity limit being exhausted by loss, the amount so exhausted shall be automatically reinstated from the time of the loss and the Company shall pay to the Reinsurers Reinsurer an Additional Premium calculated by applying to the annual Minimum Premium to Reinsurers Reinsurer for the respective contract year, the percentage that the amount of indemnity so reinstated bears to the total amount of indemnity coverage afforded under Coverage C, subject to a minimum of 100% as to time, to be paid simultaneously with the payment of loss by the ReinsurersReinsurer. Notwithstanding the above, the first 90% of $10,000,000 indemnity Limit shall be reinstated by the Reinsurers Company free of charge. Nevertheless, the Reinsurers' Reinsurer's liability in any one claim shall never exceed 90% of $10,000,000 Ultimate Net Loss plus pro rata Loss Adjustment Expenses in respect of Coverage C.

Reinstatement Premium. As respects each contract year, and in the event of the whole or any portion of the second Coverage C B indemnity limit being exhausted by loss, the amount so exhausted shall be automatically reinstated from the time of the loss and the Company shall pay to the Reinsurers Reinsurer an Additional Premium calculated by applying to the annual Minimum Premium to Reinsurers Reinsurer for the respective contract year, the percentage that the amount of indemnity so reinstated bears to the total amount of indemnity coverage afforded under Coverage CB, subject to a minimum of 100% as to time, to be paid simultaneously with the payment of loss by the ReinsurersReinsurer. Notwithstanding the above, the first 90% of $10,000,000 indemnity Limit shall be reinstated by the Reinsurers Reinsurer free of charge. Nevertheless, the Reinsurers' Reinsurer's liability in any one claim shall never exceed 90% of $10,000,000 Ultimate Net Loss plus pro rata Loss Adjustment Expenses in respect of Coverage C.B.

Reinstatement Premium. As respects each contract year, and in the event of the whole or any portion of the second Coverage C D indemnity limit being exhausted by loss, the amount so exhausted shall be automatically reinstated from the time of the loss and the Company shall pay to the Reinsurers Reinsurer an Additional Premium calculated by applying to the annual Minimum Premium to Reinsurers Reinsurer for the respective contract year, the percentage that the amount of indemnity so reinstated bears to the total amount of indemnity coverage afforded under Coverage C, subject to a minimum of 100% as to time, to be paid simultaneously with the payment of loss by the ReinsurersReinsurer. Notwithstanding the above, the first 90% of $10,000,000 5,000,000 indemnity Limit shall be reinstated by the Reinsurers Company free of charge. Nevertheless, the Reinsurers' Reinsurer's liability in any one claim shall never exceed 90% of $10,000,000 5,000,000 Ultimate Net Loss plus pro rata Loss Adjustment Expenses in respect of Coverage C.D.

Reinstatement Premium. As respects each contract year, and in the event of the whole or any portion of the second Coverage C D indemnity limit being exhausted by loss, the amount so exhausted shall be automatically reinstated from the time of the loss and the Company shall pay to the Reinsurers an Additional Premium calculated by applying to the annual Minimum Premium to Reinsurers for the respective contract year, the percentage that the amount of indemnity so reinstated bears to the total amount of indemnity coverage afforded under Coverage C, subject to a minimum of 100% as to time, to be paid simultaneously with the payment of loss by the Reinsurers. Notwithstanding the above, the first 90% of $10,000,000 5,000,000 indemnity Limit shall be reinstated by the Reinsurers free of charge. Nevertheless, the Reinsurers' liability in any one claim shall never exceed 90% of $10,000,000 5,000,000 Ultimate Net Loss plus pro rata Loss Adjustment Expenses in respect of Coverage C.D.