Grantors Obligations

Grantors Obligations. Shall mean, as applicable to the Reinsurance Agreement, (a) losses paid by the Beneficiary but not recovered from the Grantor, (b) claim reserves for losses reported and outstanding, (c) claim reserves for losses incurred but not reported, (d) active life reserves, (e) reserves for unearned premiums and (f) expense allowances payable but not recovered from the Grantor.