New Business. This report will include new issues only, the first time the policy is reported to the Reinsurer. Automatic and Facultative business will be identified separately.
New Business. Permit the Borrower or any of its Subsidiaries to enter into any business, in any material respect, which is not similar to that existing on the Closing Date.
New Business. 9 b. RECAPTURE...........................................................9
New Business. If THE REINSURER changes the rates for new business, it will give THE COMPANY a 90-day prior written notice of the change. Any change applies only to reinsurance premiums due after the expiration of the notice period.
New Business. The Borrower will not, and will not cause or permit any other Company to, engage in any business except the businesses in which it is presently engaged and any other reasonably related business.
New Business. If the Ceding Company increases its retention limits, then it may, at its option and with written notice to the Reinsurer, increase its retention shown in Schedule A for policies issued after the effective date of the retention increase.
New Business. No Company will, directly or indirectly, permit or suffer to exist any material change in the type of businesses in which it is engaged from the businesses of the Companies as conducted on the Closing Date.
New Business. CEDING COMPANY may, at its option and with 90 days' written notice to REINSURER, increase its Automatic Share and/or its per policy Retention Limit shown in Schedule A for policies issued after the effective date of the retention increase.
New Business. Borrower shall not, and shall not permit any other Restricted Company to, directly or indirectly, permit or suffer to exist any material change (on a consolidated basis) in the type of businesses in which it is engaged from the businesses (on a consolidated basis) of the Companies as conducted on the Closing Date.
New Business. Expand, acquire or enter into any business other than its present business or a related business, or any management contract whereby the effective management or control of Borrower is delegated to third parties, without the prior written consent of the Bank.
