Retained Amounts. The Ceding Company may not reinsure, on any basis, the amount it has retained on the business covered under this Agreement without prior notification to and agreement of the Reinsurer.
Retained Amounts. The Ceding Company may not reinsure, on any basis, the amount it has retained on the business covered under this Agreement to an unaffiliated third party without prior notification to and agreement of the Reinsurer. The Ceding Company may reinsure any portion of its retention to an affiliated third party, including a special purpose vehicle.
Retained Amounts. 6.1 The Buyer may, in accordance with paragraphs 6.2 to 6.6 below and subject to such notifications being given prior to the Release Date or the W&I Release Date (as applicable), notify the Sellers’ Representative and the Management Sellers’ and Precis Representative of its reasonable estimation of the amount of any liability in respect of (a) any bona fide Relevant Claim or (b) any right to recover any sum from a third party (other than the underwriter of the W&I Policy) in respect of a matter which could give rise to a Warranty Claim which the Buyer is pursuing against that third party in accordance with paragraph 6.1 of Schedule 9, and, subject to paragraphs 6.2 to 6.6 below, require that such amount is retained in the Retention Account notwithstanding the Release Date or the W&I Release Date, pending such Relevant Claim becoming a Substantiated Claim or agreement or determination that the Relevant Claim will not be or become a Substantiated Claim (a “Retained Amount”).
Retained Amounts. Funding 2 represents to the Funding 2 Security Trustee that any amounts retained by Funding 2 (other than those retained by way of profit) will be reasonably required to provide for losses or expenses arising from Funding 2's business or to maintain or enhance its creditworthiness.
Retained Amounts. The Ceding Company may not reinsure, on any basis, the amount it has retained on the business covered under this Agreement without prior notification to and agreement of the Reinsurer, which consent will not be unreasonably withheld. Notwithstanding the foregoing, the Ceding Company may reinsure retained amounts to its affiliates without prior consent of the Reinsurer.
Retained Amounts. 15.3.1 Nie później niż na 15 Dni Roboczych przed Dniem Ukończenia, Inżynier Kontraktu ma prawo do poinformowania Zamawiającego na piśmie o tym, że zamierza zabezpieczyć należyte wykonanie Umowy w Okresie Rękojmi poprzez Kwoty Zatrzymane. Jeżeli Inżynier Kontraktu nie skorzysta z uprawnienia, o którym mowa w poprzednim zdaniu, Inżynier Kontraktu będzie zobowiązany do dostarczenia Zamawiającemu Zabezpieczenia Odpowiedzialności za Wady na 15.3.1 No later than 15 Business Days before the Completion Day, the Contract Engineer has the right to inform the Client in writing that it intends to secure the proper performance of the Agreement in the Warranty Period by means of the Retained Amounts. If the Contract Engineer does not exercise the right referred to in the preceding sentence, it will be obliged to deliver to the Client an Defects Liability Security on the terms and conditions set out in Clause 15.2. If the Contract Engineer
Retained Amounts. In each Phase, twenty percent (20%) will be retained from invoices submitted for Deliverables 1 through 10. If the Contractor fails to meet the delivery deadlines in the Finalized Project Timeline specified in the Implementation Plan (Deliverable 2) for: Deliverable 3 (Fit Gap Analysis, Customization Analysis and Configurations and Integrations); Deliverable 4 (Customization, Software Development and Configuration); and/or Deliverable 6 (Testing) then the amount retained from payment for each associated Deliverable will increase from twenty percent (20%) to fifty percent (50%). In addition, should the Contractor fail to successfully complete Deliverable 3, or if Deliverable 3 is determined by the State to be unacceptable, or incapable of being remediated for Acceptance in a timely fashion under the time constraints of the work to be performed, the State, in its sole discretion, shall have the option to terminate the Contract. If the State exercises its option to terminate the Contract, such termination shall not give rise to any cause of action against the State for damages, loss of profits, expenses, or other remuneration of any kind. The State, in its sole discretion, reserves the right to allow extra time for the date of delivery of a Deliverable, without waiver of, or prejudice to, any of its rights.