Common use of RETENTION OF COMPANY & LIABILITY OF THE REINSURER Clause in Contracts

RETENTION OF COMPANY & LIABILITY OF THE REINSURER. The retention of the Company and the liability of the Reinsurer and all other benefits accruing to the Company, as provided in this Contract or any amendments thereof, shall apply to the parties comprising the Company as a group and not separately to each of the parties. Any payment by the Reinsurer to any of the parties comprising the Company shall discharge the Reinsurer's liability under this Contract to the extent of such payment with respect to that loss. Reinsurance hereunder shall be on an excess of loss basis and shall apply to that portion of coverage which the Company retains net for its own account in accordance with the provisions set forth under this Contract. The Reinsurer shall pay to the Company the amount of loss in excess of the Company's Retention as set forth in the Schedule of Reinsurance below as respects any one Principal, but the Reinsurer's liability shall not exceed the Limit of Liability of the Reinsurer for Each Principal as stated in the Schedule of Reinsurance. SCHEDULE OF REINSURANCE --------------------------------------------------------------------- Company Retention $100,000,000 --------------------------------------------------------------------- Limit of Liability of the Reinsurer for Each Principal $ 50,000,000 --------------------------------------------------------------------- Under no circumstances, howsoever arising, shall the Reinsurer be liable under this Contract for more than $50,000,000 of Net Loss, in the aggregate, inclusive of all loss, allocated expense payments, extra contractual obligations or losses in excess of original policy limits.

RETENTION OF COMPANY & LIABILITY OF THE REINSURER. The retention of the Company and the liability of the Reinsurer and all other benefits accruing to the Company, as provided in this Contract or any amendments thereof, shall apply to the parties comprising the Company as a group and not separately to each of the parties. Any payment by the Reinsurer to any of the parties comprising the Company shall discharge the Reinsurer's liability under this Contract to the extent of such payment with respect to that loss. Reinsurance hereunder shall be on an excess of loss basis and shall apply to that portion of coverage which the Company retains net for its own account in accordance with the provisions set forth under this Contract. The Reinsurer shall pay to the Company the amount of loss in excess of the Company's Retention as set forth in the Schedule of Reinsurance below as respects any one Principal, but the Reinsurer's liability shall not exceed the Limit of Liability of the Reinsurer for Each Principal as stated in the Schedule of Reinsurance. SCHEDULE OF REINSURANCE --------------------------------------------------------------------- ---------------------------------------- ------------ Company Retention $100,000,000 --------------------------------------------------------------------- ---------------------------------------- ------------ Limit of Liability of the Reinsurer for $ 50,000,000 Each Principal $ 50,000,000 --------------------------------------------------------------------- ---------------------------------------- ------------ Under no circumstances, howsoever arising, shall the Reinsurer be liable under this Contract for more than $50,000,000 of Net Loss, in the aggregate, inclusive of all loss, allocated expense payments, extra contractual obligations or losses in excess of original policy limits.

RETENTION OF COMPANY & LIABILITY OF THE REINSURER. The retention of the Company and the liability of the Reinsurer and all other benefits accruing to the Company, as provided in this Contract or any amendments thereof, shall apply to the parties comprising the Company as a group and not separately to each of the parties. Any payment by the Reinsurer to any of the parties comprising the Company shall discharge the Reinsurer's liability under this Contract to the extent of such payment with respect to that loss. Reinsurance hereunder shall be on an excess of loss basis and shall apply to that portion of coverage which the Company retains net for its own account in accordance with the provisions set forth under this Contract. The Reinsurer shall pay to the Company the amount of loss in excess of the Company's Retention as set forth in the Schedule of Reinsurance below as respects any one PrincipalPrincipal any one Contract Year, but the Reinsurer's liability shall not exceed the Limit of Liability of the Reinsurer for Each Principal each Contract Year as stated in the Schedule of Reinsurance. SCHEDULE OF REINSURANCE --------------------------------------------------------------------- -------------------------------------------------------------------------------- Company Retention $100,000,000 --------------------------------------------------------------------- 60,000,000 -------------------------------------------------------------------------------- Limit of Liability of the Reinsurer for $75,000,000 Each Principal $ 50,000,000 --------------------------------------------------------------------- Under no circumstances, howsoever arising, shall the Reinsurer be liable under this Contract for more than $50,000,000 of Net Loss, in the aggregate, inclusive of all loss, allocated expense payments, extra contractual obligations or losses in excess of original policy limits.--------------------------------------------------------------------------------

RETENTION OF COMPANY & LIABILITY OF THE REINSURER. The retention of the Company and the liability of the Reinsurer and all other benefits accruing to the Company, as provided in this Contract or any amendments thereof, shall apply to the parties comprising the Company as a group and not separately to each of the parties. Any payment by the Reinsurer to any of the parties comprising the Company shall discharge the Reinsurer's liability under this Contract to the extent of such payment with respect to that loss. Reinsurance hereunder shall be on an excess of loss basis and shall apply to that portion of coverage which the Company retains net for its own account in accordance with the provisions set forth under this Contract. The As respects only the business covered hereunder as described in Article 2 Business Covered, the Reinsurer shall pay to the Company the amount of loss in excess of the Company's Retention as set forth in the Schedule of Reinsurance below as respects any one Principalbelow, but the Reinsurer's liability shall not exceed the Limit of Liability of the Reinsurer for Each Principal as stated in the Schedule of Reinsurance. SCHEDULE OF REINSURANCE --------------------------------------------------------------------- ------------------------------------------------- Company Retention $100,000,000 --------------------------------------------------------------------- 60,000,000 ------------------------------------------------- Limit of Liability of the Reinsurer for Each Principal $ 50,000,000 --------------------------------------------------------------------- $40,000,000 ------------------------------------------------- Under no circumstances, howsoever arising, shall the Reinsurer be liable under this Contract for more than $50,000,000 40,000,000 of Net Loss, in the aggregate, inclusive of all loss, allocated expense payments, extra contractual obligations or losses in excess of original policy limits.