Common use of Initial Consideration Clause in Contracts

Initial Consideration. On the Effective Date, Retrocessionaire shall reimburse Retrocedant for one hundred percent (100%) of any and all unearned premiums paid by Retrocedant under such Inuring Retrocessions net of any applicable unearned ceding commissions paid to Retrocedant thereunder.

Appears in 17 contracts

Samples: Retrocession Agreement (Platinum Underwriters Holdings LTD), Retrocession Agreement (Platinum Underwriters Holdings LTD), Retrocession Agreement (Platinum Underwriters Holdings LTD)

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Initial Consideration. On the Effective Closing Date, Retrocessionaire shall reimburse Retrocedant for one hundred percent (100%) of any and all unearned premiums paid by Retrocedant under such Inuring Retrocessions net of any applicable unearned ceding commissions paid to Retrocedant thereunder, that are allocable to Retrocessionaire, in the manner set forth in Exhibit D hereto.

Appears in 4 contracts

Samples: Share Retrocession Agreement (Platinum Underwriters Holdings LTD), Quota Share Retrocession Agreement (Platinum Underwriters Holdings LTD), Retrocession Agreement (Platinum Underwriters Holdings LTD)

Initial Consideration. On the Effective Closing Date, Retrocessionaire shall reimburse Retrocedant for one hundred percent (100%) of any and all unearned premiums paid by Retrocedant under such Inuring Retrocessions net of any applicable unearned ceding commissions paid to Retrocedant thereunder, that are allocable to Retrocessionaire, in the manner set forth in Exhibit E hereto.

Appears in 2 contracts

Samples: Retrocession Agreement (Platinum Underwriters Holdings LTD), Retrocession Agreement (Platinum Underwriters Holdings LTD)

Initial Consideration. On the Effective Closing Date, Retrocessionaire shall reimburse Retrocedant for one hundred percent (100%) of any and all unearned premiums paid by Retrocedant under such Inuring Retrocessions net of any applicable unearned ceding commissions paid to Retrocedant thereunder, that are allocable to the account of Retrocessionaire, in the manner set forth in Exhibit E hereto.

Appears in 1 contract

Samples: Retrocession Agreement (Platinum Underwriters Holdings LTD)

Initial Consideration. On the Effective Closing Date, Retrocessionaire shall reimburse Retrocedant for one hundred percent (100%) of any and all unearned premiums paid by Retrocedant under such Inuring Retrocessions net of any applicable unearned ceding commissions paid to Retrocedant thereunder, that are allocable to Retrocessionaire, in the manner set forth in Exhibit E hereto.

Appears in 1 contract

Samples: Quota Share Retrocession Agreement (Platinum Underwriters Holdings LTD)

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Initial Consideration. On the Effective Closing Date, Retrocessionaire shall reimburse Retrocedant for one hundred percent (100%) of any and all unearned premiums paid by Retrocedant under such Inuring Retrocessions net of any applicable unearned ceding commissions paid to Retrocedant thereunder, that are allocable to the Retrocessionaire, in the manner set forth in Exhibit D hereto.

Appears in 1 contract

Samples: Retrocession Agreement (Platinum Underwriters Holdings LTD)

Initial Consideration. On the Effective Closing Date, Retrocessionaire shall reimburse Retrocedant for one hundred percent (100%) of any and all unearned premiums paid by Retrocedant under such Inuring Retrocessions net of any applicable unearned ceding commissions paid to Retrocedant thereunder, that are allocable to Retrocessionaire, in the manner set forth in Exhibit C hereto.

Appears in 1 contract

Samples: Share Retrocession Agreement (Platinum Underwriters Holdings LTD)

Initial Consideration. On the Effective Closing Date, Retrocessionaire shall reimburse Retrocedant for one hundred percent (100%) of any and all unearned premiums paid by Retrocedant under such Inuring Retrocessions net of any applicable unearned ceding commissions paid to Retrocedant thereunder, that are allocable to the Retrocessionaire, in the manner set forth in Exhibit E hereto.

Appears in 1 contract

Samples: Retrocession Agreement (Platinum Underwriters Holdings LTD)

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