Ceding Commission. The Reinsurer shall pay to the Company on the Closing Date a Ceding Commission in the amount of $116,487,000. The Ceding Commission shall be credited to the Company as a reduction in the amount of cash or cash equivalents included within the Transferred Assets to be transferred by the Company to the Reinsurer at Closing in accordance with the provisions of Sections 3.2 hereof.
Appears in 5 contracts
Sources: Coinsurance Agreement, Coinsurance Agreement (ING U.S., Inc.), Coinsurance Agreement (Lincoln National Corp)
Ceding Commission. The On the Closing Date, the Reinsurer shall pay to the Ceding Company on the Closing Date a Ceding Commission ceding commission in the an amount of equal to $116,487,000. The Ceding Commission shall be credited to the Company as a reduction in the amount of cash or cash equivalents included within the Transferred Assets to be transferred by the Company to the Reinsurer at Closing in accordance with the provisions of Sections 3.2 hereof0.
Appears in 5 contracts
Sources: Combination Coinsurance and Modified Coinsurance Agreement (SAFG Retirement Services, Inc.), Combination Coinsurance and Modified Coinsurance Agreement (SAFG Retirement Services, Inc.), Combination Coinsurance and Modified Coinsurance Agreement (SAFG Retirement Services, Inc.)
Ceding Commission. The On the Closing Date, the Reinsurer shall pay to the Ceding Company on the Closing Date a Ceding Commission ceding commission in the an amount of equal to $116,487,000. The Ceding Commission shall be credited to the Company as a reduction in the amount of cash or cash equivalents included within the Transferred Assets to be transferred by the Company to the Reinsurer at Closing in accordance with the provisions of Sections 3.2 hereof39,082,866.
Appears in 2 contracts
Sources: Modified Coinsurance Agreement (SAFG Retirement Services, Inc.), Modified Coinsurance Agreement (SAFG Retirement Services, Inc.)