Common use of Reinsurer's Payment Obligations Clause in Contracts

Reinsurer's Payment Obligations. Reinsurer agrees to pay on behalf of, Cedent (or reimburse the Cedent if it fails to do so) the following: (a) (i) any and all state and local premium, surplus lines, unauthorized insurance or other similar taxes imposed on premiums written, collected or received, as applicable under the law of the applicable jurisdiction, on or after the Effective Date and relating to the Other Reinsured Contracts and Business Reinsured Contracts (but only for Pre-Effective Date Policy Periods), (ii) any and all guaranty fund or other residual market assessments incurred by Cedent with respect to premiums relating to the Other Reinsured Contracts and Business Reinsured Contracts (but only for Pre-Effective Date Policy Periods) and (iii) any and all state or local Taxes (but not including income taxes) imposed on Cedent in connection with the performance of the parties’ obligations pursuant to this Quota Share Reinsurance Agreement, to the extent that such obligations relate to the Other Reinsured Contracts and Business Reinsured Contracts (but only for Pre-Effective Date Policy Periods); (b) producer compensation to the extent based on premiums arising from the Other Reinsured Contracts or Business Reinsured Contracts (but only for Pre-Effective Date Policy Periods of Business Reinsured Contracts); and (c) any and all amounts actually paid by Cedent, other than by the Administrator with the Administrator’s own funds on Cedent’s behalf under the Administrative Services Agreement, relating to the Reinsured Liabilities.

Reinsurer's Payment Obligations. Reinsurer agrees to pay on behalf of, Cedent (or reimburse the Cedent if it fails to do so) the following: (a) (i) any and all state and local premium, surplus lines, unauthorized insurance or other similar taxes imposed on premiums written, collected or received, as applicable under the law of the applicable jurisdiction, on or after the Effective Date and relating to the Other Reinsured Contracts and Business Reinsured Contracts (but only for Pre-Effective Date Policy Periods), (ii) any and all guaranty fund or other residual market assessments incurred by Cedent with respect to premiums relating to the Other Reinsured Contracts and Business Reinsured Contracts (but only for Pre-Effective Date Policy Periods) and (iii) any and all state or local Taxes (but not including income taxes) imposed on Cedent in connection with the performance of the parties’ obligations pursuant to this Quota Share Reinsurance Agreement, to the extent that such obligations relate to the Other Reinsured Contracts and Business Reinsured Contracts (but only for Pre-Effective Date Policy Periods); (b) producer compensation to the extent based on premiums arising from the Other Reinsured Contracts or Business Reinsured Contracts (but only for Pre-Effective Date Policy Periods of Business Reinsured Contracts); and (c) any and all amounts actually paid by Cedent, other than by the Administrator with the Administrator’s own funds on Cedent’s behalf under the Administrative Services Agreement, relating to the Reinsured Liabilities.