Common use of Terminal Accounting Clause in Contracts

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.

Appears in 2 contracts

Sources: Reinsurance Agreement (North American Security Life Insurance Co), Reinsurance Agreement (Manufacturers Life Insurance Co of North America Sep Acc A)

Terminal Accounting. In the event that all or a portion of the reinsurance under this Agreement is terminated in accordance with Article XI, ▇▇▇▇▇▇▇▇▇ ▇, ▇▇ all reinsurance under this Agreement is recaptured in accordance with Article XI, ▇▇▇▇▇▇▇▇▇ ▇, ▇ Terminal Accounting and Settlement will take place.

Appears in 2 contracts

Sources: Reinsurance Agreement (North American Security Life Insurance Co), Reinsurance Agreement (Mony Group Inc)