Terminal Accounting Sample Clauses
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Terminal Accounting. In the event that this Agreement is terminated in accordance with Article VII, Paragraph 3, or all reinsurance under this Agreement is recaptured in accordance with Article VII, Paragraph 4, a Terminal Accounting and Settlement will take place and, except as set forth in Paragraph 4 below, the parties hereto shall have no further obligations under this Agreement. Notwithstanding the foregoing, however, if the parties agree to terminate the Agreement by mutual consent, then they may deviate from the Terminal Accounting and Settlement described in this Article VIII.
Terminal Accounting. In the event that this Agreement is terminated ------------------- in accordance with Article IX, Paragraphs 3 or 4, or Article XII, a Terminal Accounting and Settlement will take place.
Terminal Accounting. In the event that all of the reinsurance under this Agreement is terminated in accordance with Article 15, Commencement and Termination, a terminal accounting and settlement shall take place, subject to Article 5, Funds Withheld Balance.
Terminal Accounting. On the Recapture Date, all funds allocated to the Modco Accounts shall be released and no payment shall be due in respect thereof.
Terminal Accounting. The terms and conditions for the Ceding Company to recapture reinsured policies as a result of rate actions taken by the Reinsurer are set forth in Article 6.5 –
Terminal Accounting. In the event that all or a portion of the reinsurance under this Agreement is terminated in accordance with Article XI, ▇▇▇▇▇▇▇▇▇ ▇, ▇▇ recaptured in accordance with Article XI, ▇▇▇▇▇▇▇▇▇ ▇, ▇ Terminal Accounting and Settlement will take place.
Terminal Accounting. In the event that the coinsurance and modified coinsurance provided pursuant to Article IV of this Agreement is terminated or the Reinsured Liabilities are recaptured pursuant to this Section 10.3, Reinsurer shall provide Ceding Company with a Terminal Accounting no later than the Coinsurance Termination Date or any other date mutually agreed to in writing by the parties.
Terminal Accounting. Terminal Accounting" shall mean the accounting delivered by the Reinsurer to the Company, providing for the settlement between the parties upon termination of this Agreement and/or recapture of the Contracts reinsured hereunder.
Terminal Accounting. In the event that all of the reinsurance under this Agreement is terminated, a terminal accounting and settlement shall take place.
Terminal Accounting. (a) At least five (5) Business Days prior to the Recapture Date for a recapture effectuated pursuant to Section 14.03(a) or a Reinsurer Termination, Cedant shall deliver to Reinsurer a statement (such statement, the “Estimated Recapture Payment Statement”) prepared