Common use of Reinstatements Clause in Contracts

Reinstatements. If a Reinsured Policy is reinstated in accordance with its terms and the Ceding Company’s reinstatement rules as in effect on the Effective Date (a “Reinstatement”), the reinsurance of such Reinsured Policy will be restored as if no change had occurred. In such a case, the Ceding Company shall promptly pay the Reinsurer the Reinsurer’s Quota Share of the Net Premiums attributable to such Reinstatement.

Reinstatements. If a Reinsured Policy is reinstated in accordance with its terms and the Ceding Company’s 's reinstatement rules as in effect on the Effective Date (a “Reinstatement”), the reinsurance of such Reinsured Policy will be restored as if no change had occurred. In such a case, the Ceding Company shall promptly pay the Reinsurer the Reinsurer’s 's Quota Share of the Net Premiums attributable to such Reinstatement.

Reinstatements. If a Reinsured Policy is reinstated in accordance with its terms and the Ceding Company’s 's reinstatement rules as in effect on the Effective Date (a “Reinstatement”), the reinsurance of such Reinsured Policy will be restored as if no change had occurred. In such a case, the Ceding Company shall promptly pay the Reinsurer the Reinsurer’s 's Quota Share of the Net Premiums attributable to such Reinstatement.

Reinstatements. If a Reinsured Policy that was reduced, terminated, or lapsed subsequent to the Inception Date is reinstated while this Agreement is in accordance with its terms and the Ceding Company’s reinstatement rules as in effect on the Effective Date (a “Reinstatement”)force, the reinsurance of for such Reinsured Policy shall be reinstated automatically to the amount that would be in force if the Reinsured Policy had not been reduced, terminated, or lapsed. The Company will be restored as if no change had occurred. In such a case, the Ceding Company shall promptly pay to the Reinsurer the Reinsurer’s Quota Share 's proportionate share of all amounts received or charged by the Net Premiums attributable to such ReinstatementCompany in connection with the reinstatement.