NICO Reinsurance Agreement definition

NICO Reinsurance Agreement means that certain reinsurance agreement between the Ceding Company and NICO, dated as of April 1, 2004, as amended as of the date hereof.
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NICO Reinsurance Agreement means the reinsurance agreement entered into between the Reinsurer and NICO whereby business covered under the definition of Business Covered is assumed by NICO from the Reinsured.
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NICO Reinsurance Agreement means that certain reinsurance agreement between the Ceding Company and NICO, dated as of April 1, 2004, as amended as of the date hereof. “NICO Reinsurance Recoveries” means (x) all amounts payable to the Ceding Company following the Applicable Effective Time under the NICO Reinsurance Agreement
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Examples of NICO Reinsurance Agreement in a sentence

  • In no event shall the Reinsurer bear the risk of collection of the NICO Reinsurance Recoveries or other amounts due under the NICO Reinsurance Agreement.

  • The Ceding Company shall have the right to negotiate with NICO and effect any amendment, termination, assignment or commutation of, or waiver of any right contained in, the NICO Reinsurance Agreement without consent of the Reinsurer.

  • All amounts payable to the Ceding Company under the NICO Reinsurance Agreement on or after the Effective Time shall inure to the benefit of the Reinsurer.

  • Notwithstanding any other provision of this Agreement, the Ceding Company shall retain the ultimate authority to make all final decisions with respect to the administration of the Reinsured Policies, the NICO Reinsurance Agreement and the Ceded Reinsurance Agreements; provided, that nothing in this Section 2.05 is intended to relieve the Ceding Company for any liability for any breach of the terms and conditions of this Agreement resulting from exercise of such ultimate authority.

  • Notwithstanding any other provision of this Agreement, the Ceding Company shall retain the ultimate authority to make all final decisions with respect to the administration of the Reinsured Policies and the NICO Reinsurance Agreement; provided, that nothing in this Section 2.05 is intended to relieve the Ceding Company for any liability for any breach of the terms and conditions of this Agreement resulting from exercise of such ultimate authority.

  • Except as disclosed in SCHEDULE 3.11, on the Closing Date (after giving effect to the NICO Reinsurance Agreement, and the transactions contemplated hereunder, including without limitation Section 5.8 hereof), the Company's assets shall consist of nothing more than the Closing Assets (it being understood that such assets shall be free and clear of all Liens).

  • From and after the Closing Date, Purchaser hereby acknowledges that Seller shall on behalf of the Company maintain and keep original copies of all books and records of the Company to the extent such books and records relate to the business that is the subject of the NICO Reinsurance Agreement (the "COMPANY BOOKS AND RECORDS").

  • Subject to any required Consents, immediately prior to the Closing, the Seller and the Company shall execute and deliver the NICO Reinsurance Agreement, pursuant to which the Seller shall reinsure all of the Company's remaining gross insurance liabilities under the Insurance and Reinsurance Contracts issued on or prior to the Closing Date and expenses related thereto as set forth in the NICO Reinsurance Agreement.


More Definitions of NICO Reinsurance Agreement

NICO Reinsurance Agreement means the 100% Quota Share Reinsurance Agreement by and between the Company and Seller dated the Closing Date, in the specific form attached hereto as EXHIBIT A, pursuant to which Seller shall reinsure the Company's liabilities under the Insurance and Reinsurance Contracts in effect prior to the Closing Date.
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Related to NICO Reinsurance Agreement

  • Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;

  • CMPPA Agreement means the CMPPA Agreement between the SSA and CHHS.

  • leasing agreement means an agreement by which one person (the lessor) grants a right to possession or control of an object (with or without an option to purchase) to another person (the lessee) in return for a rental or other payment;

  • Cooperation Agreement means that certain Mortgage Loan Cooperation Agreement, dated as of the Closing Date, among Borrower, Lender and Sponsor, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith.