Cut Through Clause

The reinsuring underwriters and companies hereon (hereinafter called the reinsurers) and the reinsured company (hereinafter called the cedant) hereby agree that in lieu of payment of premiums by cedant to the reinsurers and of payment of claims by reinsurers to the cedant, the reinsurers hereon shall receive their 100% proportion of all premiums direct from the original insured and shall pay