Common use of Funds Withheld Clause in Contracts

Funds Withheld. The Ceding Company and the Reinsurer have entered into the "Accounts Receivable Agreement" attached to this Agreement as Exhibit A. Pursuant to the terms of the Accounts Receivable Agreement, the Ceding Company will withhold on behalf

Funds Withheld. The Ceding Company and the Reinsurer have entered into the "Accounts Receivable Agreement" attached to this Agreement as Exhibit A. Pursuant to the terms of the Accounts Receivable Agreement, the Ceding Company will withhold on behalfbehalf of the Reinsurer the amounts described in Paragraphs 1 and 2 above. The amount withheld by the Ceding Company will be credited to the Reinsurer and will be considered as an amount held on behalf of the