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Common use of Terminal Accounting Clause in Contracts

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.

Appears in 4 contracts

Sources: Mm Modified Coinsurance Agreement (Massachusetts Mutual Variable Life Separate Account I), BST Modified Coinsurance Agreement (MML Bay State Variable Life Separate Account I), Mm Modified Coinsurance Agreement (Massachusetts Mutual Variable Life Separate Account I)

Related Clauses

  • Final Accounting
  • Additional Accounting Services
  • Billing and Payment Procedures and Final Accounting
  • Books and Record Internal Accounting Controls
  • Books and Records; Internal Accounting Controls

Parent Clauses

  • Terminal Accounting and Settlement
  • Recapture
  • Terminal Accounting
  • Cash Calls
  • Termination

Sub-Clauses

  • Supplementary Accounting and Settlement
  • Date of Termination
  • Settlement
  • Terminal Accounting
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