Common use of Ceding Commission Clause in Contracts

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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 4 contracts

Samples: Coinsurance Agreement (ING U.S., Inc.), Coinsurance Agreement (Lincoln National Corp), Coinsurance Agreement (Ing Life Insurance & Annuity Co)

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

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

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Ceding Commission. On the Closing Date, the Reinsurer shall pay to the Ceding Company a ceding commission (the "Ceding Commission") to the Company in an amount equal to $0.the sum of:

Appears in 2 contracts

Samples: Coinsurance Agreement (Liberty Financial Companies Inc /Ma/), Coinsurance Agreement (Keyport Life Insurance Co)

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