Common use of Payments by the Reinsurer Clause in Contracts

Payments by the Reinsurer. In consideration of the Ceding Company’s cession of the Covered Insurance Policies to the Reinsurer hereunder, the Reinsurer shall (a) pay to the Ceding Company, on the Closing Date, the Adjusted Ceding Commission in the manner contemplated in Section 3.1 and (b) pay and discharge, or indemnify the Ceding Company for the payment and discharge of, all Reinsured Liabilities which are or which become due and payable by the Reinsurer under the terms of this Agreement and the Administrative Services Agreement at or at any time after the Effective Time.

Payments by the Reinsurer. In consideration of the reinsurance by the Ceding Company’s cession Company of the Covered Insurance Policies to the Reinsurer hereunderPolicies, the Reinsurer shall (a) pay to the Ceding Company, on the Closing Date, its share of the Adjusted Ceding Commission attributable to the reinsurance hereunder in the manner contemplated in Section 3.1 and (b3.3(b) of the Purchase Agreement. In addition, the Reinsurer shall pay and discharge, discharge all payments made under or indemnify as a result of the Ceding Company for the payment and discharge of, all Reinsured Liabilities which are or which become due and payable by the Reinsurer under the terms of this Agreement and the Administrative Services Agreement at or at any time after the Effective Time.

Payments by the Reinsurer. In consideration of the Ceding Company’s 's cession of the Covered Insurance Policies to the Reinsurer hereunder, the Reinsurer shall (a) pay to the Ceding Company, on the Closing Date, the Adjusted Ceding Commission in the manner contemplated in Section SECTION 3.1 and (b) pay and discharge, or indemnify the Ceding Company for the payment and discharge of, all Reinsured Liabilities which are or which become due and payable by the Reinsurer under the terms of this Agreement and the Administrative Services Agreement at or at any time after the Effective Time.