Common use of LIMIT AND RETENTION Clause in Contracts

LIMIT AND RETENTION. A. The Company shall retain for its own account and pay under one or more of the Company's policies the first $10,000,000 ultimate net loss, each and every claim made for indemnity only during the term of this Agreement and the Reinsurer agrees to reimburse the Company for the amount of ultimate net loss paid in excess of $10,000,000, each and every claim made for indemnity only during the term of this Agreement, but the Reinsurer's maximum liability shall not exceed 100% of $40,000,000 resulting from each and every claim made for indemnity only during the term of this Agreement.

LIMIT AND RETENTION. A. The Company shall retain for its own account and pay under one or more of the Company's policies the first $10,000,000 1,000,000 ultimate net loss, each and every claim made for indemnity only during the term of this Agreement and the Reinsurer agrees to reimburse the Company for the amount of ultimate net loss paid in excess of $10,000,0001,000,000, each and every claim made for indemnity only during the term of this Agreement, but the Reinsurer's maximum liability shall not exceed 100% of $40,000,000 9,000,000 resulting from each and every claim made for indemnity only during the term of this Agreement.