Common use of Upfront Premium Clause in Contracts

Upfront Premium. On the Upfront Premium Payment Date, the Retrocedent will pay to the Retrocessionaire premium in the amount of $30,555,507, of which (i) $28,811,004 will be paid to the Retrocessionaire in cash and (ii) $1,744,503 will be retained by the Retrocedent as a deposit.

Appears in 1 contract

Samples: Quota Share Retrocession Agreement (Assured Guaranty LTD)

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Upfront Premium. On the Upfront Premium Payment Date, the Retrocedent will pay to the Retrocessionaire premium in the amount of $30,555,50735,268,744, of which (i) $28,811,004 28,185,118 will be paid to the Retrocessionaire in cash and (ii) $1,744,503 7,084,626 will be retained by the Retrocedent as a deposit.

Appears in 1 contract

Samples: Quota Share Retrocession Agreement (Assured Guaranty LTD)

Upfront Premium. On the Upfront Premium Payment Date, the Retrocedent will pay to the Retrocessionaire premium in the amount of $30,555,507[$ ] , of which (i) $28,811,004 [$ ] will be paid to the Retrocessionaire in cash and (ii) $1,744,503 [$ ]will be retained by the Retrocedent as a deposit.

Appears in 1 contract

Samples: Quota Share Retrocession Agreement (Assured Guaranty LTD)

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Upfront Premium. On the Upfront Premium Payment Date, the Retrocedent will pay to the Retrocessionaire premium in the amount of $30,555,507$ ], of which (i) $28,811,004 [$ ] will be paid to the Retrocessionaire in cash and (ii) $1,744,503 [$ ] will be retained by the Retrocedent as a deposit.

Appears in 1 contract

Samples: Quota Share Retrocession Agreement (Assured Guaranty LTD)

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