Common use of Third Party Reinsurance Agreements Clause in Contracts

Third Party Reinsurance Agreements. (a) The SCA Parties shall (i) provide the XL Parties with copies of all documents, files, books and records relating to any Third-Party Reinsurance Agreement for so long as it remains in force as reasonably requested by the XL Parties from time to time, and reasonable access to, and will request reasonable cooperation from, upon reasonable notice during normal business hours, all employees of the SCA Parties whose employment responsibilities are related to any Third-Party Reinsurance Agreement for so long as it remains in force and (ii) subject to any applicable Law, pay all claims under any Third-Party Reinsurance Agreement for so long as it remains in force as they become due, other than claims reasonably contested by the SCA Parties in good faith.

Appears in 4 contracts

Samples: Release and Restructuring Agreement (Xl Capital LTD), Release and Restructuring Agreement (Security Capital Assurance LTD), Commutation and Release Agreement (Security Capital Assurance LTD)

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