Third Party Reinsurance Agreements. (a) The SCA Parties shall (i) provide the XL Parties with copies of all documents, files, books and records relating to any Third-Party Reinsurance Agreement for so long as it remains in force as reasonably requested by the XL Parties from time to time, and reasonable access to, and will request reasonable cooperation from, upon reasonable notice during normal business hours, all employees of the SCA Parties whose employment responsibilities are related to any Third-Party Reinsurance Agreement for so long as it remains in force and (ii) subject to any applicable Law, pay all claims under any Third-Party Reinsurance Agreement for so long as it remains in force as they become due, other than claims reasonably contested by the SCA Parties in good faith.
Third Party Reinsurance Agreements. A. Future potential recoveries under reinsurance contracts providing aggregate limits shall be apportioned pursuant to generally accepted allocation practices or procedures; provided that the method or the combination of methods actually utilized shall be reasonable and equitable; provided, further, that if the Ceding Company and the Reinsurer do not agree on any allocation, such dispute shall be subject to resolution pursuant to Article 13 hereof.
Third Party Reinsurance Agreements. (a) The Third Party Reinsurance Agreements shall be administered in accordance with the Administrative Services Agreement. Any Third Party Reinsurance Recoverables will be allocated in accordance with the terms and conditions of the Third Party Reinsurance Allocation Agreement. Third Party Reinsurance Recoverables relating to A&P Claims paid by Reinsurer shall be paid to Reinsurer. The Parties acknowledge and agree that amounts recoverable under the Third Party Reinsurance Agreements are available both to the Reinsurer for the Business Covered and to the Reinsured for all other claims in accordance with the terms of the Third Party Reinsurance Allocation Agreement.
Third Party Reinsurance Agreements. 5 ARTICLE 10 INDEMNIFICATION .............................................. 6 ARTICLE 11 COVENANTS .................................................... 6 ARTICLE 12
Third Party Reinsurance Agreements. Cedant has provided to Reinsurer true, correct and complete copies of all Third Party Reinsurance Agreements. Except for the Third Party Reinsurance Agreements and any agreements previously entered into between Cedant and Reinsurer, there are no other written or oral agreements providing for reinsurance in connection with the Reinsured Policies. Each Third Party Reinsurance Agreement is valid, binding and in full force and effect in accordance with its terms, except to the extent that any failure of any such Third Party Reinsurance Agreement to be valid, binding and in full force and effect would not cause or give rise to a Material Adverse Effect. Cedant is not in default in any material respect under any such Third Party Reinsurance Agreement.
Third Party Reinsurance Agreements. FLIC represents to MLLIC that the Third Party Reinsurance Agreements constitute all reinsurance treaties or agreements entered into by FLIC with respect to the Policies, FLIC further represents and warrants that the Third Party Reinsurance Agreements remain in full force and effect and that no party is in default under any Third Party Reinsurance Agreement.
Third Party Reinsurance Agreements. (a) The Third Party Reinsurance Agreements shall be administered in accordance with the Administrative Services Agreement. Any Third Party Reinsurance Recoverables will be allocated in accordance with the terms and conditions of the Third Party Reinsurance Allocation Agreement. Third Party Reinsurance Recoverables relating to A&P Claims paid by Reinsurer shall be paid to Reinsurer. The Parties acknowledge and agree that amounts recoverable under the Third Party Reinsurance Agreements are available both to the Reinsurer for the Business Covered and to the Reinsured for all other claims in accordance with the terms of the Third Party Reinsurance Allocation Agreement. (b) The Reinsured shall not, without the Reinsurer’s prior approval (which approval shall not be unreasonably or arbitrarily withheld, conditioned or delayed), terminate or materially modify any existing Third Party Reinsurance Agreement providing protection to the Business Covered. 14.2
Third Party Reinsurance Agreements. The parties acknowledge and agree that there are no Third Party Reinsurance Agreements with respect to the Reinsured Contracts.
Third Party Reinsurance Agreements. Reinsurer shall, at its own expense, have the exclusive authority to manage and administer in the Company's name the Third Party Reinsurance Agreements, including, but not limited to, the authority to amend and terminate the Third Party Reinsurance Agreements and receive all claims recoveries and ceding commissions relating to such reinsurance. Reinsurer hereby agrees to pay one hundred percent (100%) of all amounts payable to the counterparties under the Third Party Reinsurance Agreements, except to the extent that such amounts would constitute a Company Retained Liability.
Third Party Reinsurance Agreements. Except pursuant to the Underwriting Manager Agreement between Seller and Jamex X. Xxxxxxx Xxxnsurance Corporation, effective April 1, 1991, Seller shall not, without the prior written approval of Buyer, which approval will not be unreasonably withheld, (i) enter into or commit to enter into any commutation, loss portfolio transfer or other similar transaction, agreement or arrangement or series of related transactions, agreements or arrangements involving any assumed or ceded reinsurance included in the GBO Included Business or (ii) enter into or commit to enter into any new reinsurance Contract, treaty or other arrangement or series of such Contracts, treaties or other arrangements that create any GBO Included Liability.
