Existing Reinsurance Agreements shall not mean or include any Existing Security Agreements (as defined below). Exhibit II attached hereto and made a part hereof reflects the Parties’ best efforts to list all Existing Reinsurance Agreements, but the definitions in this Agreement shall control in the event of any errors or omissions on such Exhibit.
Existing Reinsurance Agreements means (a) all agreements, treaties, slips, binders, cover notes and other similar arrangements under which the Ceding Company has ceded to reinsurers (including those Affiliated with the Ceding Company as of the Closing Date) risks arising in respect of the Covered Insurance Policies where such agreements are (i) in-force or are treated as being in-force as of the Closing Date, (ii) terminated but under which there remains any outstanding Liability, whether known or unknown as of the Closing Date, from the reinsurer, or (iii) entered into following the Closing Date with the consent of the Reinsurer, and (b) any agreement, treaty, slip, binder, cover note or other similar arrangement entered into by the Ceding Company to replace any of such arrangements following any termination or recapture thereof, as all such arrangements may be in-force from time to time and at any time.
Existing Reinsurance Agreements is defined in SECTION 5.23.
Examples of Existing Reinsurance Agreements in a sentence
The Reinsurer shall bear all risk of collecting amounts due in respect of the Covered Insurance Policies under the Existing Reinsurance Agreements.
The Administrator shall use reasonable best efforts to prepare any necessary amendments to such Covered Insurance Policies, Separate Accounts, the portion of the Shared Separate Account that relates to the Covered Insurance Policies or Existing Reinsurance Agreements and shall prepare any necessary filings for the purpose of obtaining Governmental Authorities approval for such amendments.
The Ceding Company agrees that it shall, at the direction and expense of the Reinsurer, pursue commercially reasonable management and collection efforts with respect to the Existing Reinsurance Agreements and, in general, will cooperate with the Reinsurer in the management of the Existing Reinsurance Agreements.
Schedule 2.2 sets forth a list of Existing Reinsurance Agreements for which the Ceding Company has received written notice prior to the Amendment Date of the applicable reinsurer’s intent to increase yearly renewable term rates after the Amendment Date.
Notwithstanding the foregoing, the Company shall reasonably cooperate with Administrator, at Administrator’s expense, in the administration of the Existing Reinsurance Agreements to the extent that the Company’s participation is required thereunder or is reasonably requested by the counterparty to any the Existing Reinsurance Agreement.
More Definitions of Existing Reinsurance Agreements
Existing Reinsurance Agreements means (a) all reinsurance agreements under which the Ceding Company has ceded or retroceded to reinsurers (whether or not affiliated with the Ceding Company) risks arising in respect of the Covered Insurance Policies (and only to the extent such agreements cover the Covered Insurance Policies) and the Ceding Company’s interest in any trust or other agreement or instrument providing security for the Ceding Company with respect to such reinsurers’ reinsurance obligations under such reinsurance agreement where such agreements are (i) in force or are being treated as being in force as of the date hereof or (ii) terminated but under which there remains any outstanding Liability of the reinsurer and (b) any reinsurance agreement, trust or other agreement or instrument providing security for such reinsurance obligations entered into by the Ceding Company with the prior written consent of the Reinsurer to replace any of such reinsurance agreements or security arrangements following any termination or recapture thereof, in each case, as all such reinsurance agreements or security arrangements may be in force and effect from time to time and at any time.
Existing Reinsurance Agreements means all agreements, treaties slips, binders, cover notes and other similar arrangements under which the Ceding Company has ceded to reinsurers risks arising in respect of the Covered Insurance Policies where such agreements are (i) in force as of the date hereof or (ii) terminated but under which there remains any outstanding Liability from the reinsurer, and any agreement, treaty, slip, binder cover note or other similar arrangement entered into by the Ceding Company with the prior written approval of the Reinsurer to replace any of such arrangements following any termination or recapture thereof, as all such arrangements may be in force from time to time and at any time.
Existing Reinsurance Agreements has the meaning set forth in the Reinsurance Agreement.
Existing Reinsurance Agreements means (a) all reinsurance agreements under which, and only to the extent, the Ceding Company has ceded to reinsurers risks arising in respect of the Covered Insurance Policies and the Ceding Company’s interest in any trust or other agreement or instrument providing security for the Ceding Company with respect to such reinsurers’ reinsurance obligations under such reinsurance agreement to the extent relevant to the Covered Insurance Policies where such agreements are (i) in force or are being treated as being in force as of the Effective Time or (ii) terminated but under which there remains any outstanding Liability from the reinsurer, and (b) any reinsurance agreement, trust or other agreement or instrument providing security for such reinsurance obligations with respect to the Covered Insurance Policies entered into by the Ceding Company with the prior written consent of the Reinsurer to replace any of such reinsurance agreements or security arrangements following any termination or recapture thereof, in each case as may be amended and in effect from time to time, only in accordance with Section 2.3. Any Existing Reinsurance Agreement that is novated to the Reinsurer or one of its Affiliates shall cease to be an Existing Reinsurance Agreement upon the effectiveness, and to the extent, of such novation. For the avoidance of doubt, the Underlying Agreements and this Agreement are not Existing Reinsurance Agreements.
Existing Reinsurance Agreements means (a) the reinsurance agreements listed on Schedule 1.1(F) under which the Ceding Company has ceded or retroceded to reinsurers (whether or not affiliated with the Ceding Company) risks arising in respect of the Covered Insurance Policies and the Ceding Company's interest in any trust or other agreement or instrument providing security for the Ceding Company with respect to such reinsurers' reinsurance obligations under such reinsurance agreement, and (b) any reinsurance agreement, trust or other agreement or instrument providing security for such reinsurance obligations entered into by the Ceding Company with the prior written consent of the Reinsurer to replace any of such reinsurance agreements or security arrangements following any termination or recapture thereof, as all such reinsurance agreements may be in force and effect from time to time and at any time, in each case that are (i) in force or are being treated as being in force as of the date hereof or (ii) terminated but under which there remains any outstanding liability or obligation from the reinsurer. Any Existing Reinsurance Agreement that is novated to the Reinsurer shall cease to be an Existing Reinsurance Agreement upon the effectiveness of such novation.
Existing Reinsurance Agreements has the meaning set forth in Section 4.1(v) below.
Existing Reinsurance Agreements means (i) the reinsurance agreements listed on Schedule A under which the Ceding Company has ceded or retroceded to reinsurers (whether or not affiliated with the Ceding Company) risks arising solely in respect of the Reinsured Policies and (ii) any reinsurance agreement, trust or other agreement or instrument providing security for such reinsurance obligations entered into by the Ceding Company with the prior written consent of the Reinsurer to replace any of such reinsurance agreements or security arrangements following any termination or recapture thereof, as all such reinsurance agreements may be in force and effect from time to time and at any time, in each case that are (x) in force or are being treated as being in force as of the date hereof, or (y) terminated but under which there remains any outstanding liability or obligation from the reinsurer. Any Existing Reinsurance Agreement that is novated to the Reinsurer shall cease to be an Existing Reinsurance Agreement upon the effective date of such novation.