REINSURANCE PREMIUM. A. As premium for each excess layer of reinsurance coverage provided by this Contract, the Company shall pay the Reinsurer the greater of the following:
REINSURANCE PREMIUM. Each Accounting Period, the Cedent shall pay to the Reinsurer a "Reinsurance Premium" in an amount equal to the Reinsurer's quota share of the gross Policy premiums and deposits collected during the Accounting Period by the Cedent, net of any premiums paid under any Existing Reinsurance as defined in Schedule B. The Reinsurance Premiums paid to the Reinsurer by the Cedent shall be remitted to the Reinsurer at the end of the Accounting Period during which the gross premiums were collected by the Cedent.
REINSURANCE PREMIUM. (a) The Reinsurers’ premium for the reinsurance provided under this Contract shall be computed by the application of a rate of .04% to the Company’s net premium written on the business covered under Exhibits “A” and “B” subject to an annual minimum and deposit premium of $800,000 for the combined Seventh Excess of Loss Layer provided under Exhibits “A” and “B”.
REINSURANCE PREMIUM. A. With respect to business in force at the effective time and date of this Exhibit, the Company shall pay to the Reinsurer a reinsurance premium equal to the product of the applicable gross rate set forth in the Schedule of Rates below times the Company's unearned premium for each class of Casualty business reinsured hereunder, calculated on the monthly pro rata basis as of the effective time and date of this Exhibit.
REINSURANCE PREMIUM. A. As premium for the reinsurance provided hereunder during each contract year (except the runoff contract year, if any), the Company shall pay the Reinsurer 0.53% of its net earned premium for the contract year, subject to an annual minimum premium of $1,406,408 (or a pro rata portion thereof if this Contract is terminated in accordance with paragraph C of the Commencement and Termination Article).
REINSURANCE PREMIUM. A. As premium for each excess layer of reinsurance coverage provided by this Contract, the Company shall pay the Reinsurer the amount, shown as “Premium” for that excess layer in Schedule A attached hereto, in two equal installments of the amount, shown as “Installment Premium” for that excess layer in Schedule A attached hereto, on September 3, 2004 and March 1, 2005.
REINSURANCE PREMIUM. Within 25 days after the close of each calendar quarter, the Company shall render to the Reinsurer a report of the reinsurance premium for the quarter with respect to the Company’s Subject Earned Premium during the quarter, summarizing the reinsurance premium by line of insurance. The amount due the Reinsurer, shall be remitted within 25 days after the close of the quarter.
REINSURANCE PREMIUM. As a condition precedent to the Reinsurers' obligations hereunder, the Company shall pay to the Reinsurers 1.499% of the Company's subject net earned premium during the term of the Agreement, subject to a minimum reinsurance premium of $425,800 and a deposit reinsurance premium of $532,000.