Common use of Reinsurer’s Liability Clause in Contracts

Reinsurer’s Liability. The liability of the Reinsurer with respect to any Policy reinsured hereunder shall begin simultaneously with that of the Cedent, but not earlier than the Effective Date of this Agreement. The Reinsurer's liability with respect to any Policy reinsured hereunder shall terminate on the earliest of (i) the date such Policy is recaptured; (ii) the date the Cedent's liability on such Policy is terminated; or (iii) the date this Agreement is terminated. In no event shall this Paragraph be construed as providing a unilateral right of the Reinsurer to terminate this Agreement.

Reinsurer’s Liability. The liability of the Reinsurer with respect to any --------------------- Policy reinsured hereunder shall begin simultaneously with that of the CedentCeding Company, but not earlier than the Effective Date of this Agreement. The Reinsurer's liability with respect to any Policy reinsured hereunder shall terminate on the earliest of (i) the date such Policy is recaptured; (ii) the date the CedentCeding Company's liability on such Policy is terminated; or (iii) the date this Agreement is terminated. In no event shall this Paragraph be construed as providing a unilateral right of the Reinsurer to terminate this Agreement.

Reinsurer’s Liability. The liability of the Reinsurer with respect to any --------------------- Policy reinsured hereunder shall begin simultaneously with that of the CedentCeding Company, but not earlier than the Effective Date of this Agreement. The Reinsurer's liability with respect to any Policy reinsured hereunder shall terminate on the earliest of (i) the date such Policy is recaptured; (ii) the date the CedentCeding Company's liability on such Policy is terminated; or (iii) the date this Agreement is terminatedterminated for all Policies. In no event shall this Paragraph be construed as providing a unilateral right of the Reinsurer to terminate this Agreement.