Cut through clause It is understood and agreed that if so required by the Original Insured, the Reinsurers shall pay directly to the Original Insured that proportion of any claim due to the Original Insured which represents the liability of the Reinsurers to the Ceding Company under the terms of this policy; it being agreed that such payment by the Reinsurers to the Original Insured shall fully discharge and release the Reinsurers from any and all liability in connection with such claim.
CUT-THROUGH CLAUSE Attached to and forming part of the policies to be issued by the above named Insurer for the account of for the following risks: In the event the above Insurer fails to pay any loss payable under the above identified policies, the undersigned Reinsurer hereby agrees that it will immediately become liable for shares accepted by the undersigned Reinsurer, and will make payment thereof at once directly to subject always to other terms of the said policies. The undersigned convenant that this agreement takes precedence over any other reinsurance agreement, contract or arrangement between them to the extent that the undersigned Reinsurer shall not be subject to duplicate liability because of the payment or payments made under the terms hereof and they further convenant that this agreement shall not be altered or modified while the said policies are in force; that this is a valid and binding contract which they have the right to make and that the persons signing for them below are duly authorized for the purpose.