Common use of The Adjustment Clause in Contracts

The Adjustment. Premium is subject to approval by XL Mid Ocean's Appointed Actuary and the Cedant undertakes to procure that its Appointed Actuary delivers to XL Mid Ocean's Appointed Actuary all relevant working papers of its Appointed Actuary in respect of his calculation of the Adjustment Premium. If XL Mid Ocean's Appointed Actuary does not approve the calculation by the Cedant's Appointed Actuary within 10 Business Days of receipt of the calculation, such dispute will be determined in accordance with the provisions of clause 6.

Appears in 2 contracts

Sources: Retrocession Agreement (Annuity & Life Re Holdings LTD), Retrocession Agreement (Annuity & Life Re Holdings LTD)