Common use of LIMIT AND RETENTION Clause in Contracts

LIMIT AND RETENTION. The Retrocessionaires shall be liable in respect of each and every loss occurrence over and above an initial Ultimate Net Loss of $50,000,000 each and every loss each and every loss occurrence, subject to a limit of liability to the Retrocessionaires of $40,000,000 Ultimate Net Loss each and every loss or series of losses arising our of one loss occurrence. Nevertheless, the limit of liability to Retrocessionaires for all occurrences arising under this Agreement shall be limited to $80,000,000.

Appears in 1 contract

Samples: Excess of Loss Retrocession Agreement (Platinum Underwriters Holdings LTD)

AutoNDA by SimpleDocs

LIMIT AND RETENTION. The Retrocessionaires shall be liable in respect of each and every loss occurrence over and above an initial Ultimate Net Loss of $50,000,000 145,000,000 each and every loss each and every loss occurrence, subject to a limit of liability to the Retrocessionaires of $40,000,000 55,000,000 Ultimate Net Loss each and every loss or series of losses arising our of one loss occurrence. Nevertheless, the limit of liability to Retrocessionaires for all occurrences arising under this Agreement shall be limited to $80,000,000110,000,000.

Appears in 1 contract

Samples: Excess of Loss Retrocession Agreement (Platinum Underwriters Holdings LTD)

LIMIT AND RETENTION. The Retrocessionaires Retrocessionaire shall be liable in respect of each and every loss occurrence over and above an initial Ultimate Net Loss of $50,000,000 185,000,000 each and every loss each and every loss occurrence, subject to a limit of liability to the Retrocessionaires Retrocessionaire of $40,000,000 65,000,000 Ultimate Net Loss each and every loss or series of losses arising our out of one loss occurrence. Nevertheless, the limit of liability to Retrocessionaires Retrocessionaire for all occurrences arising under this Agreement shall be limited to $80,000,000130,000,000.

Appears in 1 contract

Samples: Excess of Loss Retrocession Agreement (Platinum Underwriters Holdings LTD)

LIMIT AND RETENTION. The Retrocessionaires shall be liable in respect of each and every loss occurrence over and above an initial Ultimate Net Loss of $50,000,000 35,000,000 each and every loss each and every loss occurrence, subject to a limit of liability to the Retrocessionaires of $40,000,000 50,000,000 Ultimate Net Loss each and every loss or series of losses arising our of one loss occurrence. Nevertheless, the limit of liability to Retrocessionaires for all occurrences arising under this Agreement shall be limited to $80,000,000100,000,000.

Appears in 1 contract

Samples: Excess of Loss Retrocession Agreement (Platinum Underwriters Holdings LTD)

LIMIT AND RETENTION. The Retrocessionaires Retrocessionaire shall be liable in respect of each and every loss occurrence over and above an initial Ultimate Net Loss of $50,000,000 145,000,000 each and every loss each and every loss occurrence, subject to a limit of liability to the Retrocessionaires Retrocessionaire of $40,000,000 35,000,000 Ultimate Net Loss each and every loss or series of losses arising our out of one loss occurrence. Nevertheless, the limit of liability to Retrocessionaires Retrocessionaire for all occurrences arising under this Agreement shall be limited to $80,000,00070,000,000.

Appears in 1 contract

Samples: Excess of Loss Retrocession Agreement (Platinum Underwriters Holdings LTD)

LIMIT AND RETENTION. The Retrocessionaires Retrocessionaire shall be liable in respect of each and every loss occurrence Loss Occurrence over and above an initial Ultimate Net Loss of $50,000,000 20,000,000 each and every loss each and every loss occurrenceLoss Occurrence, subject to a limit of liability to the Retrocessionaires Retrocessionaire of $40,000,000 45,000,000 Ultimate Net Loss each and every loss or series of losses arising our out of one loss occurrenceLoss Occurrence. Nevertheless, the limit of liability to Retrocessionaires Retrocessionaire for all occurrences arising under this Agreement shall be limited to $80,000,00090,000,000.

Appears in 1 contract

Samples: Excess of Loss Retrocession Agreement (Platinum Underwriters Holdings LTD)

AutoNDA by SimpleDocs

LIMIT AND RETENTION. The Retrocessionaires shall be liable in respect of each and every loss occurrence over and above an initial Ultimate Net Loss of $50,000,000 60,000,000 each and every loss each and every loss occurrence, subject to a limit of liability to the Retrocessionaires of $40,000,000 50,000,000 Ultimate Net Loss each and every loss or series of losses arising our of one loss occurrence. Nevertheless, the limit of liability to Retrocessionaires for all occurrences arising under this Agreement shall be limited to $80,000,000100,000,000.

Appears in 1 contract

Samples: Excess of Loss Retrocession Agreement (Platinum Underwriters Holdings LTD)

LIMIT AND RETENTION. The Retrocessionaires Retrocessionaire shall be liable in respect of each and every loss occurrence Loss Occurrence over and above an initial Ultimate Net Loss of $50,000,000 30,000,000 each and every loss each and every loss occurrenceLoss Occurrence, subject to a limit of liability to the Retrocessionaires Retrocessionaire of $40,000,000 50,000,000 Ultimate Net Loss each and every loss or series of losses arising our out of one loss occurrenceLoss Occurrence. Nevertheless, the limit of liability to Retrocessionaires Retrocessionaire for all occurrences arising under this Agreement shall be limited to $80,000,000100,000,000.

Appears in 1 contract

Samples: Excess of Loss Retrocession Agreement (Platinum Underwriters Holdings LTD)

LIMIT AND RETENTION. The Retrocessionaires Retrocessionaire shall be liable in respect of each and every loss occurrence over and above an initial Ultimate Net Loss of $50,000,000 275,000,000 each and every loss each and every loss occurrence, subject to a limit of liability to the Retrocessionaires Retrocessionaire of $40,000,000 75,000,000 Ultimate Net Loss each and every loss or series of losses arising our out of one loss occurrence. Nevertheless, the limit of liability to Retrocessionaires Retrocessionaire for all occurrences arising under this Agreement shall be limited to $80,000,000150,000,000.

Appears in 1 contract

Samples: Excess of Loss Retrocession Agreement (Platinum Underwriters Holdings LTD)

Time is Money Join Law Insider Premium to draft better contracts faster.