Settlement Upon Termination. Upon the termination of this Agreement by the Company pursuant to Section 9.3 or by the Reinsurer pursuant to Section 9.4, subject to payment by the Reinsurer of any amounts due to the Company pursuant to this Section 9.5 and the payment by the Company of any amounts due to the Reinsurer pursuant to this Section 9.5, the Company shall recapture all liabilities previously ceded to the Reinsurer and the Reinsurer’s liability under this Agreement will terminate (provided, that such termination shall not relieve any Party of any pre-termination breach of this Agreement). The Company shall prepare a Net Settlement report for the period commencing on the first day of the then-current calendar month and ending on the date this Agreement is terminated pursuant to Sections 9.3 or 9.
Appears in 2 contracts
Samples: Coinsurance Agreement (Athene Annuity & Life Co), Coinsurance Agreement (Athene Holding LTD)
Settlement Upon Termination. Upon the termination of this Agreement by the Company pursuant to Section 9.3 10.3 or by the Reinsurer pursuant to Section 9.410.4, subject to payment by the Reinsurer of any amounts due to the Company pursuant to this Section 9.5 10.5 and the payment by the Company of any amounts due to the Reinsurer pursuant to this Section 9.510.5, the Company shall recapture all liabilities previously ceded to the Reinsurer and the Reinsurer’s liability under this Agreement will terminate (provided, that such termination shall not relieve any Party of any pre-termination breach of this Agreement). The Company shall prepare a Net Settlement report for the period commencing on the first day of the then-current calendar month and ending on the date this Agreement is terminated pursuant to Sections 9.3 or 9.month
Appears in 1 contract
Samples: Coinsurance and Assumption Agreement (Athene Holding LTD)
Settlement Upon Termination. Upon the termination of this Agreement by the Company pursuant to Section 9.3 10.3 or by the Reinsurer pursuant to Section 9.410.4, subject to payment by the Reinsurer of any amounts due to the Company pursuant to this Section 9.5 10.5 and the payment by the Company of any amounts due to the Reinsurer pursuant to this Section 9.510.5, the Company shall recapture all liabilities previously ceded to the Reinsurer and the Reinsurer’s liability under this Agreement will terminate (provided, that such termination shall not relieve any Party of any pre-termination breach of this Agreement). The Company shall prepare a Net Settlement report for the period commencing on the first day of the then-current calendar month and ending on the date this Agreement is terminated pursuant to Sections 9.3 10.3 or 910.
Appears in 1 contract
Samples: Coinsurance and Assumption Agreement (Athene Annuity & Life Co)
Settlement Upon Termination. Upon the termination of this Agreement by the Company pursuant to Section 9.3 or by the Reinsurer pursuant to Section 9.4, subject to payment by the Reinsurer of any amounts due to the Company pursuant to this Section 9.5 and the payment by the Company of any amounts due to the Reinsurer pursuant to this Section 9.5, the Company shall recapture all liabilities previously ceded to the Reinsurer and the Reinsurer’s liability under this Agreement will terminate (provided, that such termination shall not relieve any Party of any pre-termination breach of this Agreement). The Company shall prepare a Net Settlement report for the period commencing on the first day of the then-current calendar month Monthly Accounting Period and ending on the date this Agreement is terminated pursuant to Sections 9.3 or 9.
Appears in 1 contract
