Common use of Reserve Report Clause in Contracts

Reserve Report. Within 30 days following the end of each calendar quarter during the Retrocession Term, the Retrocessionaire will prepare and deliver to the Retrocedent a report containing the Retrocessionaire’s good faith estimate of the loss reserves to be established by the Retrocedent in respect of the Reinsurance Agreements ceded hereunder as of the end of such calendar quarter. The Retrocedent shall have no obligation to establish reserves in accordance with such recommendations.

Reserve Report. Within 30 days following the end of each calendar quarter during the Retrocession Term, the Retrocessionaire will prepare and deliver to the Retrocedent a report containing the Retrocessionaire’s good faith estimate of the loss reserves to be established by the Retrocedent in respect of the Reinsurance Agreements ceded hereunder Agreement as of the end of such calendar quarterquarter (which report shall be in such form as the Retrocedent and the Retrocessionaire shall reasonably agree). The Retrocedent shall have no obligation to establish reserves in accordance with such recommendationsestimate.

Reserve Report. Within 30 days following the end of each calendar quarter during the Retrocession Term, the Retrocessionaire will prepare and deliver to the Retrocedent Retrocessionaire a report containing the Retrocessionaire’s good faith estimate of the loss reserves to be established by the Retrocedent in respect of the Reinsurance Agreements ceded hereunder Agreement as of the end of such calendar quarterquarter (which report shall be in such form as the Retrocedent and the Retrocessionaire shall reasonably agree). The Retrocedent shall have no obligation to establish reserves in accordance with such recommendationsestimate.