Common use of Initial Premium Clause in Contracts

Initial Premium. On the Effective Date, in an amount equal to the sum of (x) expenses incurred by the Reinsurer in connection with the issuance of the Notes on such Effective Date, and (y) certain anticipated operating expenses, each such expense as set forth on Schedule A hereto, and certified by the Reinsurer in the form attached hereto as Exhibit B (the “Initial Premium”); and