Existing Reinsurance Agreements. The Administrator shall have the authority and responsibility to, and shall, manage and administer the portion of the Existing Reinsurance Agreements that relates to the Covered Insurance Policies, including providing all reports and notices that relate to the Covered Insurance Policies required with regard to such Existing Reinsurance Agreements to the reinsurer within the time required by such Existing Reinsurance Agreements and doing all other things necessary to comply with the terms and conditions of such Existing Reinsurance Agreements. Without limiting the foregoing, Administrator shall timely pay all reinsurance premiums due to the reinsurer under such Existing Reinsurance Agreements with respect to the Covered Insurance Policies (other than the Net Retained Liability Policies) and, to the extent of funds available in the Accounts or otherwise provided by the Company, with respect to the Net Retained Liabilities Policies, and shall have the right to collect from such reinsurer all reinsurance recoverables due thereunder with respect to the Covered Insurance Policies. The Administrator shall also have the authority to exercise any of the Company’s rights with respect to trust accounts, letters of credit or other security posted for the benefit of the Company in respect of the Covered Insurance Policies. Notwithstanding the foregoing, the Company shall reasonably cooperate with Administrator, at Administrator’s expense, in the administration of the Existing Reinsurance Agreements to the extent that the Company’s participation is required thereunder or is reasonably requested by the counterparty to any the Existing Reinsurance Agreement.
Existing Reinsurance Agreements. (a) The Administrator shall have the exclusive authority and responsibility to manage and administer the Existing Reinsurance Agreements, including providing all reports and notices required with respect to the Existing Reinsurance Agreements to the reinsurers within the time required by the applicable Existing Reinsurance Agreement and doing all other things necessary to comply with the terms and conditions of the Existing Reinsurance Agreement.
Existing Reinsurance Agreements. All contracts, agreements and treaties of reinsurance between any of the Ceding Companies or Transferred Companies and a third-party reinsurer (whether or not affiliated with any Ceding Company or Transferred Company) that (a) are in force and effect as of the date hereof and (b) cover any risks associated with the Policies.
Existing Reinsurance Agreements. Except as contemplated in Schedule 6.3, from and after the date of this Agreement, each Ceding Company shall not, and HealthMarkets shall cause each Transferred Company not to, terminate any Existing Reinsurance Agreements with respect to the Policies. From the date of this Agreement to the Closing Date, each of the Ceding Companies and the Reinsurer shall use commercially reasonable efforts to cause each counterparty reinsurer under an Existing Reinsurance Agreement identified under “Required Closing Date Approvals” on Schedule 3.1(d) to confirm in writing that the reinsurance under such Existing Reinsurance Agreements will remain in force following the consummation of the transactions contemplated by this Agreement. From and after the date of this Agreement and continuing on and after the Closing Date, each of the Ceding Companies and the Reinsurer shall use commercially reasonable efforts to request any counterparty reinsurer under an Existing Reinsurance Agreement (other than any Existing Reinsurance Agreement between any Ceding Company and a reinsurer that is an Affiliate of the Ceding Company as of the date hereof) to agree to a novation or transfer or assignment of such Existing Reinsurance Agreement to the Reinsurer (or a recapture of the business reinsured thereunder by such Ceding Company followed by a cession of such business to the Reinsurer and a retrocession thereof to the relevant counterparty reinsurer, all on terms having the same net economic effect as a novation of such Existing Reinsurance Agreement to the Reinsurer) subject to the Closing of the transactions contemplated by this Agreement, provided, that in no event shall the obligation to use commercially reasonable efforts under this Section be deemed to require the Reinsurer to accept either economic or contractual terms that are less beneficial to the Reinsurer in any material respect than those included in the relevant Existing Reinsurance Agreement. The obligations of the Reinsurer and each Company under this Section shall continue until such time as (i) all of the Existing Reinsurance Agreements (other than any Existing Reinsurance Agreement between any Ceding Company and a reinsurer that is an Affiliate of the Ceding Company as of the date hereof) are novated or otherwise transferred or assigned in accordance with this Section, or (ii) the Reinsurer and the Companies agree that further efforts would not be likely to succeed. Following the novation or other transfer or assignmen...
Existing Reinsurance Agreements. All contracts, agreements and treaties of reinsurance between the Ceding Company and any third-party reinsurer (whether affiliated or not) that (i) are in force and effect as of the Coinsurance Effective Date and (ii) cover any risks associated with the Policies. For the avoidance of doubt, any Existing Reinsurance Agreement novated to the Reinsurer in accordance with Section 6.3 of the Master Agreement shall, on the effective date of such novation, cease to be an Existing Reinsurance Agreement.
Existing Reinsurance Agreements. The Reinsurer will reimburse the Ceding Company for, or pay on behalf of the Ceding Company, all premiums and other charges, if any, COINSURANCE AGREEMENT under the Existing Reinsurance Agreements due for all periods on or after the Coinsurance Effective Date. The Ceding Company shall not be entitled to, and shall pay over to the Reinsurer all payments from the reinsurers under the Existing Reinsurance Agreements received by the Ceding Company on and after the Coinsurance Effective Date. The Reinsurer, on behalf of the Ceding Company, will assume all responsibility for administration of the Existing Reinsurance Agreements (in accordance with the terms thereof) at the same time as Reinsurer assumes responsibility for the administration of such Coinsured Policies pursuant to this Agreement. With the consent of the Reinsurer, the Ceding Company may, and, at the Reinsurer’s reasonable request the Ceding Company shall, exercise any right it may have to recapture risks now subject to the Existing Reinsurance Agreements; provided that the Reinsurer shall reimburse the Ceding Company for reasonable out of pocket costs incurred thereby in complying with any such request by the Reinsurer, and the Ceding Company shall pay over to the Reinsurer any amounts received from any third party reinsurer in connection with any such recapture.
Existing Reinsurance Agreements. 3.17(b) GAAP.................................. 8.14(a) Governmental Entity................... 3.03
Existing Reinsurance Agreements. 16 4.07 Adverse Change, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17 4.08 Litigation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17 4.09
Existing Reinsurance Agreements. Each of the parties thereto shall have entered into the respective Existing Reinsurance Agreements, and all agreements evidencing, governing or relating to the Existing Reinsurance Agreements (the "Existing Reinsurance Agreement Documents") shall have been delivered to the Banks and shall be in form and substance satisfactory to the Banks.
Existing Reinsurance Agreements. “Existing Reinsurance Agreements” has the meaning specified in Section 3.17.
