Common use of NET RETAINED LIABILITY Clause in Contracts

NET RETAINED LIABILITY. A. All of the liabilities pursuant to the MSRE Assumptions will be fully-funded by the Retrocessionaire(s) and MSRE will not retain any liability to the Cedents with respect to the MSRE Assumptions. B. The amount of PRe's liability hereunder in respect of any loss or losses will not be increased by reason of the inability of MSRE to collect from any other Retrocessionaire(s), whether specific or general, and/or any amounts that may have become due from such Retrocessionaire(s), whether such inability arises from the insolvency of such other Retrocessionaire(s) or from some other circumstance.