Common use of Other Recapture Clause in Contracts

Other Recapture. The Ceding Company may recapture the Policies by providing Munich Re, U.S. (Life) with ninety (90) days written notice of recapture upon the occurrence of any of the following events: (a) the insolvency of Munich Re, U.S. (Life) as described in Section 17.3; or (b) Munich Re, U.S. (Life) increases its reinsurance premiums pursuant to Section 7.5. In the case of Munich Re, U.S. (Life)’s insolvency, the Ceding Company will recapture one-hundred percent (100%) of all Policies unless the parties otherwise mutually agree. Recaptures under this Section 13.2 shall be subject to a terminal accounting and settlement as set forth in Section 22.1 and 22.2. Treaty #4347 Munich American Reassurance Company P a g e | 27

Other Recapture. The Ceding Company may recapture the Policies by providing Munich Re, U.S. (Life) with ninety (90) days written notice of recapture upon the occurrence of any of the following events: (a) the insolvency of Munich Re, U.S. (Life) as described in Section 17.3; or (b) Munich Re, U.S. (Life) increases its reinsurance premiums pursuant to Section 7.5. In the case of Munich Re, U.S. (Life)’s insolvency, the Ceding Company will recapture one-hundred percent (100%) of all Policies unless the parties otherwise mutually agree. Recaptures under this Section 13.2 shall be subject to a terminal accounting and settlement as set forth in Section 22.1 and 22.2. Treaty #4347 Munich American Reassurance Company P a g e | 2722.1.