Common use of CANCELLATION AND COMMUTATION OF INURING RETROCESSIONS Clause in Contracts

CANCELLATION AND COMMUTATION OF INURING RETROCESSIONS. (a) With respect to any Inuring Retrocessions providing coverage solely with respect to the Reinsurance Contracts, Retrocedant agrees, on behalf of itself and its affiliates, not to terminate or commute any such Inuring Retrocession without the written consent of Retrocessionaire.

Appears in 6 contracts

Samples: Retrocession Agreement (Platinum Underwriters Holdings LTD), Retrocession Agreement (Platinum Underwriters Holdings LTD), Retrocession Agreement (Platinum Underwriters Holdings LTD)

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CANCELLATION AND COMMUTATION OF INURING RETROCESSIONS. (a) With respect to any Inuring Retrocessions providing coverage solely with respect to the Reinsurance ContractsContract, Retrocedant agrees, on behalf of itself and its affiliates, not to terminate or commute any such Inuring Retrocession without the written consent of Retrocessionaire.

Appears in 5 contracts

Samples: Quota Share Retrocession Agreement (Platinum Underwriters Holdings LTD), Retrocession Agreement (Platinum Underwriters Holdings LTD), Quota Share Retrocession Agreement (Platinum Underwriters Holdings LTD)

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CANCELLATION AND COMMUTATION OF INURING RETROCESSIONS. (aA) With respect to any Inuring Retrocessions providing coverage solely with respect to the Reinsurance Contracts, Retrocedant agrees, on behalf of itself and its affiliates, not to terminate or commute any such Inuring Retrocession without the written consent of Retrocessionaire.

Appears in 1 contract

Samples: Retrocession Agreement (Platinum Underwriters Holdings LTD)

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