Cedants definition

Cedants means certain clients of the Seller to whom the Seller provides reinsurance broking services, as set out in Schedule 6;
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Examples of Cedants in a sentence

  • 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.

  • The Borrower shall use the Facility for the issue of Letters of Credit in favour of US Cedants, AUS Cedants or any other person specified by the Borrower or the Guarantor and approved by the Majority Banks.

  • If XL Mid Ocean's Appointed Actuary does not approve the calculation of the Transfer Reserve within 10 Business Days of receipt of the calculation from the Cedant's Appointed Actuary, such dispute will be determined in accordance with the provisions of clause 6.

  • Failure to do so will jeopardise The Broker's and/or the Insureds' and/or the Cedants' rights.

  • Schedule 12 contains a complete and accurate list of all third parties (other than Cedants and Underwriters) to whom the Seller has made a payment in connection with the Business.

  • If the Company shall fail to pay an Undisputed Obligation within thirty (30) days after the date of receipt of Cedant's Demand Notice, Cedant may make a demand for payment under this Guaranty upon Guarantor (a "Payment Notice").

  • Folksam shall prepare and send, at its own expense, written notice of its appointment pursuant to Section 2.01 to all Cedants or Third Party Reinsurers and any person who, after the Closing Date, submits a claim under the Retained Business ("Claimants").

  • The aggregate ceding commission payable by Reinsurer to Cedants in consideration for the transactions contemplated by the Reinsurance Agreements shall be $605,000,000 (the “Ceding Commission”).

  • The Cedants are insurance corporations duly organized, validly existing and in good standing under the laws of the State of California, Delaware and Georgia.

  • Guarantor shall pay or otherwise satisfy Cedant's Payment Notice within thirty (30) business days of Guarantor's receipt of the Payment Notice; provided, however, that Guarantor shall have no obligation to a Cedant under this Guaranty unless it has received a Payment Notice satisfying the foregoing requirements and such other information as the Guarantor may reasonably request.