Common use of Follow the Fortunes Clause in Contracts

Follow the Fortunes. Subject to the terms of this Agreement, the Reinsurer’s liability under this Agreement shall attach simultaneously with that of the Ceding Company under the Reinsured Policies, and the Reinsurer’s liability under this Agreement shall be subject in all respects to the same risks, terms, rates, conditions, interpretations, assessments, waivers, modifications, alterations, cancellations and receivables under Ceded Reinsurance Agreements (and, for the avoidance of doubt, any settlements made in accordance with the terms hereof) as the Reinsured Policies and Reinsured Liabilities to which liability under this Agreement attaches, the true intent of this Agreement being that the Reinsurer shall, subject to the terms, conditions and limits of this Agreement, follow the fortunes of the Ceding Company under the Reinsured Policies, and the Reinsurer shall be bound by all payments and settlements under the Reinsured Policies entered into by or on behalf of the Ceding Company.

Follow the Fortunes. Subject to the terms of this Agreement, the The Reinsurer’s liability under this Agreement shall attach simultaneously with that of the Ceding Company Cedant under the Reinsured PoliciesPolicies and the Reinsured Liabilities, and the Reinsurer’s liability under this Agreement shall shall, except as otherwise set forth in this Agreement, be subject in all respects to the same risks, terms, rates, conditions, interpretations, assessments, waivers, proportion of premiums paid to the Cedant without any deductions for brokerage, and to the same modifications, alterationsalterations and cancellations, cancellations and receivables under Ceded Reinsurance Agreements (and, for the avoidance of doubt, any settlements made in accordance with the terms hereof) as the respective Reinsured Policies and Reinsured Liabilities to which liability under this Agreement attaches, the true intent of this Agreement being that the Reinsurer shall, subject to the terms, conditions and limits of this Agreement, follow the fortunes of the Ceding Company Cedant under the Reinsured Policies, and the Reinsurer shall be bound bound, without limitation, by all payments and settlements under the Reinsured Policies entered into by or on behalf of the Ceding CompanyCedant.

Follow the Fortunes. Subject to the terms of this Agreement, the Reinsurer’s liability Liability under this Agreement shall attach simultaneously with that of the Ceding Company under the Reinsured Policies, Covered Insurance Policies and the Reinsurer’s liability Liability under this Agreement shall be subject in all respects to the same risks, terms, rates, conditions, interpretations, assessments, waiverswaivers and proportion of Premiums paid to the Ceding Company without any deductions to, to the same modifications, alterations, cancellations terminations and receivables under Ceded Reinsurance Agreements (andrecaptures as, for the avoidance of doubt, any settlements made in accordance with the terms hereof) as the Reinsured respective Covered Insurance Policies and Reinsured Liabilities to which liability under this Agreement attaches, the true intent of this Agreement being that the Reinsurer shall, subject to the terms, conditions and limits of this Agreement, shall follow the fortunes of the Ceding Company under the Reinsured Covered Insurance Policies, and the Reinsurer shall be bound by all payments and settlements under the Reinsured Covered Insurance Policies entered into by or on behalf of the Ceding Company, in each case subject to the terms, conditions, and limits of this Agreement.

Follow the Fortunes. Subject to the terms of this Agreement, the The Reinsurer’s liability under this Agreement shall attach simultaneously with that of the Ceding Company Companies under the Reinsured Policies, Policies and the Reinsurer’s liability under reinsurance with respect to which the Reinsurer shall be liable by virtue of this Agreement shall be subject in all respects to the same risks, terms, rates, conditions, interpretations, assessments, waivers, modificationsproportion of premiums paid to, alterationsand reinsurance and other recoveries benefiting, cancellations and receivables under Ceded Reinsurance Agreements (and, for the avoidance of doubt, any settlements made in accordance with the terms hereof) Ceding Companies as respects the Reinsured Policies and Reinsured Liabilities to which liability under this Agreement attachesLiabilities, the true intent of this Agreement being that the Reinsurer shall, subject to the terms, conditions conditions, and limits of this Agreement, follow the fortunes of the Ceding Company under Companies with respect to the Reinsured PoliciesPolicies and the Reinsured Liabilities, and the Reinsurer shall be bound by all payments and settlements under in respect of the Reinsured Policies Liabilities entered into by or on behalf of the Ceding CompanyCompanies. However, in no event will this be construed in any way to provide coverage outside the terms and conditions set forth in this Agreement.