Undisputed Obligations definition

Undisputed Obligations means the Company's payment obligations to a Cedant under a Reinsurance Contract, to the extent that such payment obligations are not disputed or contested by the Company.
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Examples of Undisputed Obligations in a sentence

  • This Guaranty shall constitute a guarantee of payment and not of collection of the Undisputed Obligations and shall remain in effect until the Undisputed Obligations have been paid in full; provided, however, that in no case shall the liability of Guarantor under this Guaranty exceed the amount of the Undisputed Obligations.

  • Notwithstanding the foregoing, the liability of Guarantor under this Guaranty shall not be diminished by: (i) any change in the time, manner or place of payment of any of the Undisputed Obligations; or (ii) any insolvency, bankruptcy, reorganization, or other similar proceeding by the Company.

  • With respect to any Reinsurance Contract, the Guarantor hereby unconditionally agrees that, until the payment and satisfaction in full of all Undisputed Obligations under such Reinsurance Contract, it shall not exercise any right or remedy arising by reason of any performance by it of its obligations under this Guarantee, whether by subrogation or otherwise, against the Company.

  • Notwithstanding the foregoing, the liability of the Guarantor under this Guarantee shall not be reduced or discharged by: (i) any change in the time, manner or place of payment of any of the Undisputed Obligations; or (ii) any insolvency, winding-up, reorganization, or other similar proceeding of the Company.

  • Subject to, and in accordance with, the terms and conditions of this Guarantee, including without limitation Clauses 3 and 4 hereof, the Guarantor hereby absolutely and, subject to Clause 3 hereof, unconditionally guarantees for the benefit of each Cedant the payment when due of the Undisputed Obligations.

  • With respect to any Reinsurance Contract, the Guarantor hereby unconditionally agrees that, until the payment and satisfaction in full of all Undisputed Obligations under such Reinsurance Contract, it shall not exercise any right or remedy arising by reason of any performance by it of this Guaranty, whether by subrogation or otherwise, against the Company.

  • Nothing in this Guarantee shall cause the liability of the Guarantor under this Guarantee to exceed the amount of the Undisputed Obligations.

  • Subject to the provisions hereof, including without limitation Section 3 hereof, Guarantor hereby absolutely, irrevocably and unconditionally guarantees the payment when due of the Undisputed Obligations.

  • This Guarantee shall constitute a guarantee of payment of, and not of collection of, the Undisputed Obligations and subject to Clause 7 hereof is a continuing guarantee of the full payment by the Company of the Undisputed Obligations.