Ceding Allowance. On the Effective Date of this Agreement, the Reinsurer agrees to pay the Company a ceding allowance equal to one million five hundred thousand dollars ($1,500,000), which shall be paid to the Company by means of the Company retaining said amount from the reserves transferred to Reinsurer as set forth in Article III, paragraph 1.
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Sources: Reinsurance Agreement (Security National Financial Corp), Reinsurance Agreement (Security National Financial Corp)
Ceding Allowance. On the Effective Signature Date of this Agreement, the Reinsurer agrees to pay the Company a ceding allowance equal to one million Three Hundred and Seventy-five hundred thousand Thousand dollars ($1,500,000375,000), which shall be paid to the Company by means of the Company retaining said amount an1ount from the reserves transferred to Reinsurer as set forth in Article III, paragraph 1.
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