Common use of Initial Commission Clause in Contracts

Initial Commission. Simultaneous with the payment of the Initial Consideration, the Reinsurer will pay an Initial Commission to the Ceding Company equal to a percentage of the Initial Consideration, as follows: ------------------------------------------------------------- Initial Commission as a Category as Described Percentage of Initial in Schedule A Consideration ------------------------------------------------------------- A & B 6.69% ------------------------------------------------------------- C & D 7.71% ------------------------------------------------------------- E 7.35% ------------------------------------------------------------- F 7.95% -------------------------------------------------------------