Commutation of AG Re Reinsurance Agreements Sample Clauses

Commutation of AG Re Reinsurance Agreements. 33 Section 6.2. Modifications of Reinsurance Agreements 33 ARTICLE VII INSPECTION RIGHTS; CONSULTATION RIGHTS; COPIES OF NOTICES AND REPORTS 34 Section 7.1. Inspection Rights 34 Section 7.2. Consultation Rights 34 Section 7.3. Copies of Notice and Reports 35 Section 7.4. Documents Related to the Leveraged Tax Lease Business 35 ARTICLE VIII MISCELLANEOUS PROVISIONS 35 Section 8.1. Binding on Successors, Transferees and Assigns 35 Section 8.2. Net Payments 36 Section 8.3. Amendments; Waivers 40 Section 8.4. Notices 41 Section 8.5. No Waiver; Remedies 41 Section 8.6. Section Headings 41 Section 8.7. Severability 41 Section 8.8. Governing Law 41 Section 8.9. WAIVER OF JURY TRIAL 42 Section 8.10. Counterparts 42 Section 8.11. Third Party Beneficiaries 42 Section 8.12. Insurance and Indemnity Agreements 42 Section 8.13. Non-Petition 42 Section 8.14. Limited Recourse 43 Section 8.15. SOVEREIGN IMMUNITY 43 Section 8.16. Transaction Agreement 43 Section 8.17. No Partnership or Joint Venture 44 APPENDIX I Definitions APPENDIX II Notice Contact Details APPENDIX III Form of Quarterly Information Reporting Template APPENDIX IV Disclosure Schedule APPENDIX V Governance Provisions APPENDIX VI Form of Notice to FSA MTN Business Policy Holders APPENDIX VII Form of Payment Failure Notice SCHEDULE A List of MTNs and MTN Policies SCHEDULE B List of Leveraged Lease Transactions SCHEDULE C List of FSA Global Assets, Cypress Notes and FSA Global Asset Policies SCHEDULE D List of FSA Global Swaps, FSA Global Swap Policies, Cypress Swaps and Cypress Swap Policies SCHEDULE E List of Cypress Indentures SCHEDULE F List of Cypress Assets SCHEDULE G List of Matched FSA Global Assets and Related MTNs SCHEDULE H List of Reinsurance Agreements and Corresponding FSA MTN Business Policies SCHEDULE I Amended and Restated FSA Global and Premier Memoranda and Articles of Association SCHEDULE J List of Commuted AG Re Reinsurance Agreements and Commuted Amounts SCHEDULE K List of DCL Percentages and FSA Percentages SCHEDULE L [Reserved.] SCHEDULE M List of Specified FSA Global Assets Policies SCHEDULE N Distribution of Future Cypress Premiums EXHIBIT A Guidelines for Sale of FSA Global Assets, Matched FSA Global Assets and Cypress Assets EXHIBIT B Guidelines for Replacement of Cypress Assets EXHIBIT C Guidelines for Replacement of FSA Global Swap Counterparties EXHIBIT D Form of Claims Reserve LOC SEPARATION AGREEMENT THIS SEPARATION AGREEMENT (as amended, supplemented, or otherwise modified fro...
Sample 1
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Commutation of AG Re Reinsurance Agreements. Pursuant to the Commutation Agreement, AG Re will commute all or part of the Related Reinsurance Coverage under the Commuted AG Re Reinsurance Agreements as shown on Schedule J.
Sample 1

Related to Commutation of AG Re Reinsurance Agreements

  • Reinsurance Agreements Promptly, notice of any material change or modification to any Reinsurance Agreements or Surplus Relief Reinsurance Agreements whether entered into before or after the Closing Date including Reinsurance Agreements, if any, which were in a runoff mode on the Closing Date, which change or modification could have a Material Adverse Effect;

  • Plan of Reinsurance A. Reinsurance of Life risks shall be on the risk premium basis. The risk amount on the policy reinsured shall be calculated monthly and shall be equal to the death benefit less the cash value. At the time of issue, the Ceding Company shall cede to North American Re the portion of the initial risk amount in excess of its retention. Thereafter, the Ceding Company and North American Re shall keep the same proportionate shares of the risk amount developed each month.

  • Reinsurance Reinsurance services including, but not limited to (i) agreement to reinsurance policy and/or contract wordings and endorsements to existing policies; (ii) processing of reinsurance policy cancellations, nonrenewals and endorsements and other amendatory addenda; (iii) collection of premiums due under reinsurance policies or contracts, audits and remittances; (iv) negotiation and purchase of reinsurance coverage; (v) administration of letters of credit and other arrangements for the provision of security; and (vi) administration of reinsurance contracts.

  • LIFE REINSURANCE The reinsurance premiums per $1000 are shown in Schedule B. Reinsurance premiums for renewals will be calculated using (1) the issue age of the insured under the policy, (2) the duration since issuance of the policy and (3) the current underwriting classification.

  • FACULTATIVE REINSURANCE For Facultative reinsurance, the Reinsurer’s liability will commence at the same time as the Ceding Company’s liability, provided that the Reinsurer has made a binding Facultative offer and that offer was accepted, during the lifetime of the insured, in accordance with the terms of this Agreement.

  • Severance Agreements (a) In the event of the termination of employment of the Executive by Horizon for any reason whatsoever other than for Cause at any time from and after the date of this Agreement or in the event of termination of employment of the Executive by the Executive with Good Reason (as defined in Section 3 hereof) at any time within the twelve (12) month period after the occurrence of a Change of Control:

  • Credit for Reinsurance Retrocessionaire shall take all actions reasonably necessary, if any, to permit Retrocedant to obtain full financial statement credit in all applicable U.S. jurisdictions for all liabilities assumed by the Retrocessionaire pursuant to this Agreement, including but not limited to loss and loss adjustment expense reserves, unearned premium reserves, reserves for incurred but not reported losses, allocated loss adjustment expenses and ceding commissions, and to provide the security required for such purpose, in a form reasonably acceptable to Retrocedant. Any reserves required by the foregoing in no event shall be less than the amounts required under the law of the jurisdiction having regulatory authority with respect to the establishment of reserves relating to the relevant Reinsurance Contracts. For purposes of this Article XIX, such "actions reasonably necessary" may include, without limitation, the furnishing of a letter of credit or the establishment of a custodial or trust account, as permitted under applicable law, to secure the payment of the amounts due the Retrocedant under this Agreement.

  • Payment of Reinsurance Premiums For automatic and facultative reinsurance, following the close of each calendar month, the Ceding Company will send the Reinsurer a statement and a listing of new business, changes and terminations. If a net reinsurance premium balance is payable to the Reinsurer, the Ceding Company will forward this balance within (60) sixty days after the close of each month. If a net reinsurance premium balance is payable to the Ceding Company, the balance due will be subtracted from the reinsurance premium payable by Ceding Company for the current month. The Reinsurer shall pay any remaining balance due the Ceding Company sixty days after the Ceding Company submits the statement.

  • Amendments to Employment Agreement Effective as of the date hereof, the Employment Agreement shall be amended as provided in this Section 1.

  • Benefits of Agreement; Assignment The terms and provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, assigns, representatives, heirs and estate, as applicable. This Agreement shall not be assignable by ALPS without the express written consent of the Trust. Any purported assignment in violation of the immediately preceding sentence shall be void and of no effect.

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