Additional Premium. On each anniversary of the Effective Date, and from time to time, in an amount for certain operating expenses as set forth on Schedule B hereto, and certified by the Reinsurer substantially in the form attached hereto as Exhibit B (the “Additional Premium”); provided that the Additional Premium payable under all Reinsurance Agreements entered into in connection with the Program shall be subject to an annual maximum of $400,000 for the Program and an additional $50,000 for each outstanding Series of Notes issued.
Appears in 2 contracts
Sources: Reinsurance Agreement (Assurant Inc), Reinsurance Agreement (Assurant Inc)