Retention Warranty Sample Clauses

Retention Warranty. The CEDING COMPANY warrants that it will indefinitely retain for its net account – without any facultative or automatic treaty reinsurance except for catastrophic risk or surplus relief protection, the risks that the CEDING COMPANY retains as defined within this Agreement. It is the intent of the Parties for the CEDING COMPANY to maintain a financial interest in the continuing performance of the business ceded under this agreement by maintaining its full retention as stated in Schedule A on each reinsured life. The CEDING COMPANY will first notify the REINSURER of any breach of this retention warranty and the REINSURER will then be allowed to adjust premium rates on all such affected risks. In such case, the REINSURER shall give the CEDING COMPANY ninety (90) days prior written notice of a change in premium rates. The CEDING COMPANY shall then have the right to recapture all affected risks on the first policy month/anniversary following the notice of the premium change. Such recapture shall take place in accordance with Article X.
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Retention Warranty. The risk retained by Company on the business covered by this Agreement shall not be transferred or reinsured by Company elsewhere on any basis whatsoever without the agreement of Managing Agent.
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Retention Warranty. The CEDING COMPANY warrants that it will indefinitely retain for its net account - without any facultative or automatic treaty reinsurance except for catastrophic risk or surplus relief protection - its per life retention as stated in Schedule A. It is the intent of the Parties for the CEDING COMPANY to maintain a financial interest in the continuing performance of the business ceded under this agreement by maintaining such retention. The CEDING COMPANY will first notify the REINSURER of any breach of this retention warranty and the REINSURER will then be allowed to adjust premiums and or allowances on all such affected risks. In such case, the REINSURER shall give the CEDING COMPANY ninety (90) days prior written notice of a change in premium rates and/or allowances. The CEDING COMPANY shall then have the right to recapture ALL affected risks on the first Policy monthly anniversary following the notice of the premium and/or allowance change. This provision may be waived if and only if the CEDING COMPANY requests and the REINSURER expressly grants such waiver.
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Related to Retention Warranty

  • Year 2000 Warranty The Sub-Adviser represents and warrants that it is actively pursuing a comprehensive and coordinated compliance strategy (including remediation and testing) to ensure the readiness of its business systems and applications for the Year 2000 and believes that all such systems critical to the performance of Sub-Adviser's responsibilities hereunder will be Year 2000 compliant prior to January 1, 2000. The Sub-Adviser will make appropriate inquiries as to the readiness of its vendors, service providers, clients and other third parties for the Year 2000; provided, however, that neither the Sub-Adviser nor any of its officers, directors or employees (or affiliated companies) make any representations or warranties regarding the Year 2000 readiness of such vendors, service providers, clients and other third parties.

  • Performance Warranty Each Party hereby warrants and guarantees the performance of any and all rights and obligations of this Agreement by its Affiliates and Sublicensees.

  • Construction Warranty At the Closing, Seller shall assign to Buyer all construction warranties with respect to the Hotel, which assignment shall be in form and substance reasonably satisfactory to Buyer, including a warranty by the Contractor, for the period ending not sooner than one (1) year after the date the Hotel is Substantially Completed, in the form of the warranty attached hereto as Exhibit H (the “Construction Warranty”).

  • Title Warranty Assignor warrants that:

  • Service Warranty 10.1 When performing the Services, Service Provider shall provide professional and skilled personnel, reasonably experienced for the Services to be performed at the best of their knowledge.

  • Client Warranties Client covenants, represents, and warrants that:

  • VENDOR'S WARRANTIES 4.1 The Vendor hereby warrants to the Purchaser that:

  • Services Warranty Oracle warrants that its Technical Support, training and consulting services will be performed consistent with generally accepted industry standards. This warranty shall be valid for 90 days from performance of service.

  • Seller’s Warranties Seller hereby represents and warrants to Buyer as of the Effective Date and again as of XXX that:

  • Customer Warranties Customer warrants and represents to CMC that:

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