Common use of AMOUNTS DUE MONTHLY Clause in Contracts

AMOUNTS DUE MONTHLY. Except as otherwise specifically provided in this Agreement, all amounts due to either the Cedent or the Reinsurer under this Agreement shall be determined on a net basis at the end of each Accounting Period. Net amounts due the Reinsurer shall be payable within sixty (60) days after the end of each Accounting Period. Net amounts due the Cedent shall be payable thirty (30) days after the receipt of the monthly accounting report with respect to such Accounting Period.

Appears in 13 contracts

Samples: Reinsurance Agreement (Metlife Investors Variable Annuity Account One), Reinsurance Agreement (First Metlife Investors Variable Annuity Account One), Reinsurance Agreement (Metlife Investors Usa Separate Account A)

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