Common use of Notwithstanding Sections 2 Clause in Contracts

Notwithstanding Sections 2. 1 and 2.2 hereof to the contrary, the Ceding Company and the Reinsurer may agree to substitute mutually acceptable underwriting criteria and standards for the procedures set forth in Sections 2.1 and 2.2.

Appears in 3 contracts

Sources: Facultative Quota Share Reinsurance Treaty, Facultative Quota Share Reinsurance Treaty (Security Capital Assurance LTD), Facultative Quota Share Reinsurance Treaty (Security Capital Assurance LTD)