Commutation Agreement. (i) At the Closing, Purchaser and Seller shall cause FIC and each of the Affiliated Reinsurance Entities to execute and deliver a commutation agreement in substantially the form attached hereto as Exhibit A (the “Commutation Agreement”), which agreement shall provide for the commutation of all liabilities assumed by the Affiliated Reinsurance Entities from FIC in respect of the ARE Reinsured Pre-Closing Contracts (the “Closing Date Legacy Liabilities”).
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Commutation Agreement. Simultaneously herewith, Seller and CMIC are entering into a 90% Quota Share Mutual Release, Settlement and Commutation Agreement pursuant to which, simultaneously herewith, Seller is paying to CMIC, by certified or bank check, the amount of two hundred thirty-four thousand one hundred thirty-six dollars ($234,136).
Commutation Agreement. 9. Substitution of capital support arrangement and duration of the Letter of Credit THIS AGREEMENT is made on 30 December 2005 BETWEEN:
Commutation Agreement. (a) The Commutation Agreement shall have been duly executed and delivered by the parties thereto and such Commutation Agreement shall have been approved or non-disapproved by the Insurance Commissioner of the Commonwealth of Pennsylvania and the Commissioner of Insurance of the State of Delaware.
Commutation Agreement. Seller shall have caused the Company as of the Closing Date to enter into the Commutation Agreement pursuant to which the Company shall transfer all of its Policy Liabilities, other than Policy Liabilities set forth on Schedule 4.18(b), to Seller.
Commutation Agreement. 29 5.15 Payment of Brokers' or Finders' Fees.............................. 29 5.16 Preparation of Statutory Financial Statements..................... 29 ARTICLE VI CONDITIONS TO CLOSING; ABANDONMENT OF THE TRANSACTION................ 29 6.1 Conditions to the Obligations of Purchaser........................ 29 6.2 Conditions to the Obligations of Parent and Seller................ 33 6.3 Termination of Agreement and Abandonment of Transactions.......... 34
Commutation Agreement. On or prior to the Closing Date, Parent shall, and shall cause the Company to, execute and deliver the Commutation Agreement.
Commutation Agreement. 2.1.2. Within ten (10) business days of the Trustee wiring the Reg. 114 Trust Account Cash Proceeds to MBIA and sending the written statement showing the amount of Reg. 114 Trust Account Cash Proceeds wired to MBIA pursuant to the § 2.1.1 of this Agreement, whichever occurs later, RAM Re shall pay to MBIA in cash the difference between (i) the full amount of the Commutation Consideration set forth in § 2.1 of this Agreement and (ii) the amount of the Reg. 114 Trust Account Cash Proceeds wired pursuant to § 2.1.1, and such additional cash payment shall be sent by wire transfer pursuant to the wiring instructions set forth in Schedule 4.
Commutation Agreement. On or prior to the Closing Date, Integrity and General American will give joint, irrevocable instructions to the Trustee to transfer to General American ownership and possession of each asset in the Trust Fund, free and clear of any claims of Integrity, the Trustee or any other Person. On the Closing Date, Integrity and General American will execute the Commutation Agreement.
