Common use of Ceding Commission Clause in Contracts

Ceding Commission. On the Closing Date, the 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 ceding commission reduction in an the amount equal of cash or cash equivalents included within the Transferred Assets to $0be 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. On the Closing Date, the Reinsurer shall pay to the Ceding Company a ceding commission in an amount equal to $039,082,866.

Appears in 2 contracts

Sources: Modified Coinsurance Agreement (SAFG Retirement Services, Inc.), Modified Coinsurance Agreement (SAFG Retirement Services, Inc.)