Common use of Accounts and Settlements Clause in Contracts

Accounts and Settlements. Broker agrees to pay DIH and its Subsidiaries, in accordance with statements of accounts rendered by DIH and its Subsidiaries, the net premium within twenty (20) days after the effective date of the contract of insurance to which the premium relates, or the billing date, whichever is sooner.

Appears in 2 contracts

Sources: Broker Agreement, Broker Agreement