Common use of Facultative Cessions Clause in Contracts

Facultative Cessions. The recapture will be effected through a proportional increase in Cedent’s Facultative Retained Percentage, defined as the percentage of the total Net Amount at Risk on the policy that Cedent retains at policy issue. The increase in the Facultative Retained Percentage will be proportionate to the increase in Cedent’s Corporate Retention Limit for the corresponding issue ages. Cedent may exercise Cedent’s option to recapture by giving Reinsurer ninety (90) days prior written notice of such recapture.

Facultative Cessions. The recapture will be effected through a proportional increase in Cedent’s 's Facultative Retained Percentage, defined as the percentage of the total Net Amount net amount at Risk risk on the policy that Cedent the ceding company retains at policy issue. The increase in the Facultative Retained Percentage will be proportionate to the increase in Cedent’s Corporate 's Retention Limit for the corresponding issue ages. Cedent may exercise Cedent’s 's option to recapture by giving Reinsurer ninety (90) days prior written notice of such recapture.