Common use of Financial Statement Accounting Clause in Contracts

Financial Statement Accounting. Each party acknowledges to the other that it is responsible for ensuring that the accounting and tax treatment it has adopted for this Agreement and the transactions contemplated hereunder, complied with all relevant account, tax and regulatory standards applicable to it. Each party must consult with its own accounting, tax and legal adviser to determine the proper accounting tax, and regulatory treaty for this Agreement and the transactions contemplated hereunder. Article 14

Appears in 1 contract

Samples: Automatic Yrt (Riversource of New York Account 8)

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Financial Statement Accounting. Each party to this Agreement acknowledges to the other that it is responsible for ensuring that the accounting and tax treatment it has adopted for this Agreement and the transactions contemplated hereunder, complied thereunder complies with all relevant accountaccounting, tax and regulatory standards applicable to it. Each party must consult with its own accounting, tax and legal adviser advisers to determine the proper accounting taxaccounting, tax and regulatory treaty treatment for this Agreement and the transactions contemplated hereunder. Article 14.

Appears in 1 contract

Samples: Reinsurance Agreement (Delaware Life Variable Account F)

Financial Statement Accounting. Each party to this Agreement acknowledges to the other that it is responsible for ensuring that the accounting and tax treatment it has adopted for this Agreement and the transactions contemplated hereunderthereunder, complied complies with all relevant accountaccounting, tax and regulatory standards applicable to it. Each party must consult with its own accounting, tax and legal adviser advisers to determine the proper accounting taxaccounting, tax and regulatory treaty treatment for this Agreement and the transactions contemplated hereunder. Article 14.

Appears in 1 contract

Samples: Insurance Agreement (Ameritas Variable Separate Account V)

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Financial Statement Accounting. Each party Party to this Agreement acknowledges to the other that it is responsible for ensuring that the accounting and tax treatment it has adopted for this Agreement and the transactions contemplated hereunder, complied complies with all relevant accountaccounting, tax and regulatory standards applicable to it. Each party Party must consult with its own accounting, tax and legal adviser advisers to determine the proper accounting taxaccounting, tax and regulatory treaty treatment for this Agreement and the transactions contemplated hereunder. Article 14A Party has no duty or responsibility to inquire, investigate or verify the accounting treatment which the other Party adopts.

Appears in 1 contract

Samples: Automatic Yearly Renewable Term Reinsurance Agreement (Symetra Separate Account Sl)

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