Additional Premium. Within twenty (20) Business Days after a calendar quarter end, the Retrocedent shall provide to the Retrocessionaire a report setting out any Additional Premium received by the Retrocedent in respect of the previous calendar quarter, and in respect of the first calendar quarter under this Agreement, also Additional Premium received since the Valuation Date, and shall credit on receipt to the Funds Withheld Account all Additional Premium. The Retrocedent shall use all reasonable endeavours to collect all Additional Premium due from a cedent under the SINT Contracts.
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Additional Premium. Within twenty (20) Business Days after a calendar quarter end, the Retrocedent shall provide to the Retrocessionaire a report setting out any Additional Premium received by the Retrocedent in respect of the previous calendar quarter, and in respect of the first calendar quarter under this Agreement, also Additional Premium received since the Valuation Date, and shall credit on receipt to the Funds Withheld Account all Additional Premium. The Retrocedent shall use all reasonable endeavours to collect all Additional Premium due from a cedent under the SINT ContractsLloyd’s Policies.
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Sources: Loss Portfolio Transfer Reinsurance Agreement (SiriusPoint LTD)