Reinsurance Consideration Sample Clauses
Reinsurance Consideration. As consideration for the reinsurance provided hereunder the Company shall deliver to the Reinsurer in cash or in securities acceptable to the Reinsurer an amount equal to the sum of the following: $457,394 representing case reserves as shown in Exhibit A known as of the effective date, net of treaty reinsurance; $999,546 representing incurred but not reported reserves ("IBNR") reserve agreed to by the parties.
Reinsurance Consideration. (a) As consideration for the coverage provided hereunder,
(i) Empower Annuity Insurance Company of America agrees to pay to the Reinsurer an amount equal to [Redacted];
(ii) Empower Annuity Insurance Company agrees to pay to the Reinsurer an amount equal to [Redacted]; and
(iii) each Company agrees to pay the Reinsurance Fees payable by it hereunder.
(iv) After the date hereof, the parties shall make adjustments to the One-Time Reinsurance Premium Adjustment Amount, if necessary, in accordance with Section 4.1(c) below.
(i) Within [Redacted] Business Days after the Effective Date, the Company shall pay or cause to be paid to the Reinsurer the One-Time Reinsurance Premium and One-Time Reinsurance Premium Adjustment Amount and (ii) within [Redacted] days of the Effective Date, the Reinsurer shall deposit Eligible Assets into the Collateral Account whose aggregate Book Value shall equal [Redacted] (collectively, the “Estimated Initial Deposit”). After the date hereof, the parties shall make adjustments to (i) the Estimated Initial Deposit, if necessary, based upon any change in Statutory Reserves, calculated as of the Effective Time, and (ii) One-Time Reinsurance Premium Adjustment Amount, in each case as determined in accordance with Section 4.1(c) below. 758006789
(c) The One-Time Reinsurance Premium Adjustment Amount, and Estimated Initial Deposit shall be deemed to be final unless the Company or the Reinsurer provides a written notice to the other party within [Redacted] Business Days after receipt of a report of such amount in connection with the payments described in Section 4.1(b) stating that (i) the Company disagrees with one or more of the entries or calculations (or any components thereof) set forth in a report provided in connection with the payments described in Section 4.1(b) with respect to the Statutory Reserves as of the Effective Time, or (ii) the Reinsurer disagrees with one or more of the entries or calculations (or any components thereof) set forth in a report provided in connection with the payments described in Section 4.1(b) with respect to the One-Time Reinsurance Premium Adjustment Amount, and, in each case, specifying in reasonable detail each such item that the Company or Reinsurer disputes, the amount in dispute for each such disputed item and the reasons supporting their positions. If the Company and the Reinsurer reach agreement with respect to all disputed items, the Statutory Reserves, calculated as of the Effective Time, the ...
Reinsurance Consideration. Reinsurance Premium 15 3.2 Transfer of Pre-Inception Date Receivables 15
Reinsurance Consideration. As consideration for the coverage provided hereunder, the Company has paid an amount equal to [Redacted], and agrees to pay the Reinsurance Fees payable by it hereunder.
Reinsurance Consideration