Common use of Closing Premium Statement Clause in Contracts

Closing Premium Statement. As soon as reasonably practicable, but not later than the later to occur of the Signing Date or November 13, 1998, Company will delivery to Purchaser a statement detailing the amount of Direct Written Premiums recognized by Company in the calendar months August 1998, September 1998 and October 1998 (such statement, together with the supporting workpapers, the "CLOSING PREMIUM STATEMENT"). The amount set forth on the Closing Premium Statement will be calculated in accordance with GAAP; provided, however, that the Closing Premium Statement will not be required to have any of the notes to the financial statements as required by GAAP. Company will give Purchaser and its Representatives reasonable access to Company's facilities and the Books and Records so as to enable Purchaser to verify the amounts set forth on the Closing Premium Statement.

Closing Premium Statement. As soon as reasonably practicable, but not later than the later to occur of the Signing Date or November 13, 1998, Company Seller will delivery to Purchaser a statement detailing the amount of Direct Written Premiums recognized by Company Seller in the calendar months August 1998, September 1998 and October 1998 (such statement, together with the supporting workpapers, the "CLOSING PREMIUM STATEMENT"). The amount set forth on the Closing Premium Statement will be calculated in accordance with GAAP; provided, however, that the Closing Premium Statement will not be required to have any of the notes to the financial statements as required by GAAP. Company Seller will give Purchaser and its Representatives reasonable access to CompanySeller's facilities and the Books and Records so as to enable Purchaser to verify the amounts set forth on the Closing Premium Statement.