Recapture Fee. The Recapture Fee to be paid by the Ceding Company as required under the terms of this Agreement shall equal: An amount equal to [XXX] calculated under Article II for the Accounting Period immediately preceding the Accounting Period during which recapture occurs, for recaptures occurring during the first twenty (20) years of this Agreement and is equal to zero (0) for recaptures occurring thereafter.
Appears in 2 contracts
Sources: Reinsurance Agreement, Reinsurance Agreement (Separate Account a of Pacific Life Insurance Co)