Common use of Additional Premium Clause in Contracts

Additional Premium. (A) On each annual anniversary of the Closing Date, in an amount equal to the operating expenses expected to be incurred in the following year by the Reinsurer not previously paid pursuant to Section 9.1(c)(i) or 9.1(c)(ii), including those set forth on Schedule A hereto (allocated ratably in accordance with the principal amount of indebtedness outstanding at the time of payment, as applicable, with similar expenses payable in connection with the reinsurance agreement related to the Indenture) and (B) within fifteen (15) calendar days following written request from the Reinsurer specifying the application of such funds, the Ceding Insurer shall pay to the Reinsurer or its designee an amount equal to the fees agreed by the Reinsurer relating to Schedule A hereto and not previously covered or paid pursuant to Section 9.1(c)(i) or 9.1(c)(ii)(A) and (C) at the time any gross-up or indemnity payment or payment with respect to any transfer of Loans by a Non-Permitted Lender is required to be made by the Reinsurer to the Lenders in respect of taxes, reserve requirements or other matters under the Credit Agreement, an amount equal to such gross-up, indemnity or costs, and certified by the Reinsurer in the form attached hereto as Exhibit D (the ‘‘Additional Premium’’).

Additional Premium. (A) On each annual anniversary of the Closing Date, in an amount equal to the operating expenses expected to be incurred in the following year by the Reinsurer not previously paid pursuant to Section 9.1(c)(i) or 9.1(c)(ii), including those set forth on Schedule A hereto (allocated ratably in accordance with the principal amount of indebtedness outstanding at the time of payment, as applicable, with similar expenses payable in connection with the reinsurance agreement related to the IndentureCredit Agreement) and (B) within fifteen (15) calendar days following written request from the Reinsurer specifying the application of such funds, the Ceding Insurer shall pay to the Reinsurer or its designee an amount equal to the fees agreed by the Reinsurer relating to Schedule A hereto and not previously covered or paid pursuant to Section 9.1(c)(i) or 9.1(c)(ii)(A) and (C) at the time any gross-up or indemnity payment or payment with respect to any transfer of Loans Notes by a Non-Permitted Lender Noteholder is required to be made by the Reinsurer to the Lenders Noteholders in respect of taxes, reserve requirements or other matters under the Credit AgreementIndenture, an amount equal to such gross-up, indemnity or costs, and certified by the Reinsurer in the form attached hereto as Exhibit D (the ‘‘Additional Premium’’).