Common use of Warranty and Undertakings Clause in Contracts

Warranty and Undertakings. (1) The Reinsured warrants that the background facts set out in Recitals A and B above are true and accurate. (2) The Reinsured undertakes with the Reinsurer that it will not underwrite as a member of any Lloyd’s syndicate for the 2013 underwriting year of account other than the Syndicate, Syndicate 260 and Syndicate 958 without the prior written consent of the Reinsurer. (3) In the event that the managing agent of the Syndicate (the “Managing Agent”) proposes to reinsure to close (i) the 2010 underwriting year of account of the Syndicate or (ii) the 2010 or any prior underwriting year of account of any other Lloyd’s syndicate into the 2011 underwriting year of account of the Syndicate, the Reinsured shall use its reasonable endeavours to procure that the Managing Agent consults with the Reinsurer in good faith and provides to the Reinsurer such information as it may reasonably request for the purposes of such consultation.

Warranty and Undertakings. (1) The Reinsured warrants that the background facts set out in Recitals A and B above are true and accurate. (2) The Reinsured undertakes with the Reinsurer that it will not underwrite as a member of any Lloyd’s syndicate for the 2013 underwriting year of account other than the Syndicate, Syndicate 260 and Syndicate 958 without the prior written consent of the Reinsurer. (3) In the event that the managing agent of the Syndicate (the “Managing Agent”) proposes to reinsure to close (i) the 2010 or 2011 underwriting year of account of the Syndicate or (ii) the 2010 2011 or any prior underwriting year of account of any other Lloyd’s syndicate into the 2011 2012 underwriting year of account of the Syndicate, the Reinsured shall use its reasonable endeavours to procure that the Managing Agent consults with the Reinsurer in good faith and provides to the Reinsurer such information as it may reasonably request for the purposes of such consultation.

Warranty and Undertakings. (1) The Reinsured warrants that the background facts set out in Recitals A and recital B above are true and accurate. (2) The Reinsured undertakes with the Reinsurer that it will not underwrite as a member of any Lloyd’s syndicate for the 2013 2012 underwriting year of account other than the Syndicate, Syndicate and Syndicate 260 and Syndicate 958 without the prior written consent of the Reinsurer. (3) In the event that the managing agent of the Syndicate (the “Managing Agent”) proposes to reinsure to close (i) the 2009, 2010 or 2011 underwriting year of account of the Syndicate or (ii) the 2010 2011 or any prior underwriting year of account of any other Lloyd’s syndicate into the 2011 2012 underwriting year of account of the Syndicate, the Reinsured shall use its reasonable endeavours to procure that the Managing Agent consults with the Reinsurer in good faith and provides to the Reinsurer such information as it may reasonably request for the purposes of such consultation.

Warranty and Undertakings. (1) The Reinsured warrants that the background facts set out in Recitals A and recital B above are true and accurate. (2) The Reinsured undertakes with the Reinsurer that it will not underwrite as a member of any Lloyd’s syndicate for the 2013 2011 underwriting year of account other than the Syndicate, Syndicate and Syndicate 260 and Syndicate 958 without the prior written consent of the Reinsurer. (3) In the event that the managing agent of the Syndicate (the “Managing Agent”) proposes to reinsure to close (i) the 2008, 2009 or 2010 underwriting year of account of the Syndicate or (ii) the 2010 or any prior underwriting year of account of any other Lloyd’s syndicate into the 2011 underwriting year of account of the Syndicate, the Reinsured shall use its reasonable endeavours to procure that the Managing Agent consults with the Reinsurer in good faith and provides to the Reinsurer such information as it may reasonably request for the purposes of such consultation.