AMOUNTS DUE MONTHLY. Except as otherwise specifically provided in this Agreement, all amounts due to be paid to either the Company or the Reinsurer under this Agreement on a monthly basis shall be determined on a net basis as of the last day of each calendar month and shall be due and payable as of such date.
Appears in 4 contracts
Samples: Trust Agreement (Security National Financial Corp), Custodial Agreement (Security National Financial Corp), Reinsurance Agreement (Security National Financial Corp)
AMOUNTS DUE MONTHLY. Except as otherwise specifically provided in this Agreement, all amounts due to be paid to either the Company or the Reinsurer under this Agreement on a monthly basis shall be determined on a net basis as of the last day of each calendar month and shall be due and payable as of such date. If the amounts, as defined in 5.03 above, cannot be determined at such dates as defined herein, on an exact basis, such payments will be paid in accordance with a mutually agreeable formula which will approximate the actual payments.
Appears in 2 contracts
Samples: Reinsurance Agreement (Acap Corp), Reinsurance Agreement (Acap Corp)
