Retrocession Sample Clauses
Retrocession. The Reinsurer may reinsure or retrocede any risks or business assumed hereunder.
Retrocession. 0.05% per annum based on the average daily net assets of each Fund (as set forth in each Fund’s current Prospectus or SAI)
Retrocession. The Reinsurer may retrocede all or any portion of the risks ceded to it pursuant to this Agreement without the consent of the Ceding Company.
Retrocession. The Reinsurer retains the right to retrocede all or any portion of the risk on any Reinsured SPDA.
Retrocession. Except for reinsurance agreements under Collateral Facilities, the Reinsurer may not retrocede more than twenty five percent (25%) of the risks ceded pursuant to this Agreement without the prior written consent of the Ceding Company. For the avoidance of doubt, any such retrocession by the Reinsurer shall not modify or otherwise limit the Reinsurer’s obligations under this Agreement or the Trust Agreement.
Retrocession. A form of reinsurance agreement which enables the Reinsurer to cede all or part of the reinsurance it has assumed from another Reinsurer.
Retrocession. (a) At the direction of the Company, the Underwriting Manager shall arrange and purchase retrocessional cover for the benefit of the Company (“Ceded Retrocession Agreements”). Except as directed by the Company, the Underwriting Manager shall have no authority hereunder to purchase or otherwise bind retrocessional cover for the benefit of the Company or to terminate, waive or amend the terms of any Ceded Retrocession Agreements.
(b) The Underwriting Manager shall manage and administer the Ceded Retrocession Agreements, including providing all reports and notices required in regard to the Ceded Retrocession Agreements to the retrocessionaires thereunder within the time required by the applicable retrocession agreement or agreements and doing all other things necessary to comply with the terms of the Ceded Retrocession Agreements. Without limiting the foregoing, the Underwriting Manager shall timely pay retrocession premiums due to retrocessionaires under the Ceded Retrocession Agreements from funds in the Operating Account and shall diligently seek to collect from such retrocessionaires all reinsurance receivables due thereunder.
Retrocession. As hereinafter more specifically indicated, the Corporation will cede and the Company shall accept a 70% quota share (herein called the Company's quota share) of certain of the Corporation's interests and liabilities under the Treaty.
Retrocession. Retrocession" means a transfer by a reinsurer to another reinsurer of those risks defined in subsection 2. [ 1991, c. 828, §20 (NEW) .]
Retrocession. The Reinsurer may reinsure or retrocede any risks or business assumed hereunder. 196474US-08 ml 20070727 (ODB#I02020US-08) 25