Common use of Amounts Due Clause in Contracts

Amounts Due. Except as otherwise specifically provided in this Agreement, all undisputed amounts due to be paid to either the Ceding Company or the Reinsurer under this Agreement will be determined at the end of each Accounting Period, such amounts will be netted, and the net amount will be due and payable as specified above. All settlements of account between Reinsurer and Ceding Company will be made in cash or its equivalent.

Amounts Due. Except as otherwise specifically provided in this Agreement, all undisputed amounts due to be paid to either the Ceding Company or the Reinsurer under this Agreement will be determined at the end of each Accounting Period, such amounts hereunder will be netted, and the net amount will be due and payable as specified above. All settlements of account between the Reinsurer and the Ceding Company will be made in cash or its equivalentcash.