Common use of Initial Ceding Commission Clause in Contracts

Initial Ceding Commission. The Reinsurer shall owe to the Ceding Company ------------------------- an "Initial Ceding Commission" that for purposes of the Execution Date has been estimated at $65,788,494 based on cash flow testing as of September 30, 2013 and will be updated using the same methodology based on data as of September 30, 2014. The Initial Ceding Commission will be paid in accordance with Article VI.

Initial Ceding Commission. The Reinsurer shall owe to the Ceding Company ------------------------- an "Initial Ceding Commission" that for purposes of the Execution Date has been estimated at $65,788,494 286,708,378 based on cash flow testing as of September 30, 2013 and will be updated using the same methodology based on data as of September 30, 2014. The Initial Ceding Commission will be paid in accordance with Article VI.