LOSS REPORTS AND PAYMENTS Sample Clauses

LOSS REPORTS AND PAYMENTS. ARTICLE 10 CURRENCY
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LOSS REPORTS AND PAYMENTS. The Reinsurers agree to abide by all loss settlements of the Reassured subject to such settlements being within the terms and conditions of the policies and of this Contract. The Reassured at its sole discretion shall adjust, settle or compromise all losses and all such adjustments, settlements or compromises shall be unconditionally binding upon the Reinsurers, who shall also benefit in due proportion from any salvages, recoveries and compromises effected or negotiated by the Reassured. The Reassured shall advise the Reinsurers promptly of all losses, and of any subsequent developments in connection therewith, which are reserved by the Reassured at $1,000,000 Ultimate Net Loss or more, from the ground up. The information provided by the Reassured shall be sufficient to enable the individual losses, the nature of each claim, the claim made date and the inception or renewal dates of the policies to which such losses relate, to be readily identified. The Reinsurers agree to pay any amount for which they may be liable under this Contract as soon as possible after the settlement request has been furnished to them.
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LOSS REPORTS AND PAYMENTS. The Reinsurers agree to abide by all loss settlements of the Reassured which, at its sole discretion, shall adjust, settle or compromise all losses. All such adjustments, settlements or compromises shall be The Reassured shall advise the Reinsurers of all paid losses and outstanding losses hereunder, and of any subsequent developments in connection therewith, which are reserved by the Reassured at, or in excess of US$300,000 Ultimate Net Loss. The information provided by the Reassured shall be sufficient to enable the individual losses, the nature of each claim, the claim made date and the inception or renewal dates of the policies to which such losses relate, to be readily identified. The Reinsurers agree to pay any amount for which they may be liable under this Contract as soon as possible after the settlement request has been furnished to them.
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LOSS REPORTS AND PAYMENTS. The Reinsurers agree to abide by all loss settlements of the Reassured, provided such loss settlements are within the terms and conditions of the Reassured's original policies and of this Contract, which at its sole discretion shall adjust, settle or compromise all losses. All such adjustments, settlements or compromises shall be unconditionally binding upon the Reinsurers, who shall also benefit in due proportion from any salvages, recoveries and compromises effected or negotiated by the Reassured. The Reassured shall advise the Reinsurers by quarterly bordereaux of all paid losses hereunder, and of outstanding losses including any subsequent developments in connection therewith, which are reserved by the Reassured at, or in excess of $400,000 Ultimate Net Loss. Such bordereaux shall be furnished by the Reassured within 60 days following the end of each quarter. The information contained therein shall be in brief summary form but shall be sufficient to enable the individual losses, the nature of each claim, the claim made date and the inception or renewal dates of the policies to which such losses relate, to be readily identified. The Bordereaux shall detail, for each individual loss:
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LOSS REPORTS AND PAYMENTS. SECTION (2). In addition to the retention and limits as detailed in SECTIONS (2)(A) and (2)(B) above, should the Reassured incur additional liability from a cession made to SECTION (2) of this Contract as the result of an award in excess of its original policy limit or from any extracontractual obligation, both as more fully defined herein, the Reinsurers shall accept as a separate limit hereunder the additional liability incurred, subject however to the limits available under the underlying Primary Excess of Loss having first been exhausted and the total amount recoverable under SECTION (2) of this Contract in respect of any award(s) in excess of original policy limits and/or extra-contractual obligations being limited to an amount not exceeding one further cession limit in all. The Reassured shall be the sole judge of what constitutes "each excess policy" or "in the aggregate" as used in SECTION (2) of this Contract. The amount of the Reinsurers' liability hereunder in respect of any loss or losses shell not be increased by reason of the inability of the Reassured to collect from any other Reinsurers, whether specific or general, any amounts which may have become due from them, whether such inability arises from the insolvency of such other Reinsurers or otherwise. It is agreed that the maximum overall recovery under SECTION (2) of this Contract shall be limited to US$5,000,000 (exclusive of loss expenses) for the contract period hereon. SECTIONS (1) AND (2) Recoveries under SECTION (1) of this Contract shell be disregarded when calculating the amount of any loss recoverable under SECTION (2). However, the coverage provided under SECTION (1) for all losses, including specific coverage for awards in excess of original policy limits and/or extracontractual obligations, shall be fully exhausted before any amount of loss derived from specific coverage for losses in excess of original policy limits and/or extracontractual obligations can be recoverable under SECTION (2). This Contract is a contract of reinsurance separate and distinct from the original policies written by the Reassured.
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LOSS REPORTS AND PAYMENTS. SECTIONS (1) and (2) The Reinsurers agree to abide by all loss settlements of the Reassured, provided such loss settlements are within the terms and conditions of the Reassured's original policies and of this Contract, which at its sole discretion Shall adjust, settle or compromise all losses. All such adjustments, settlements or compromises shall be unconditionally binding upon the Reinsurers, who shall also benefit in due proportion from any salvages, recoveries and compromises effected or negotiated by the Reassured.
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Related to LOSS REPORTS AND PAYMENTS

  • Reports and Payments All Returns (as defined below in clause (c) of this Section) required to be filed by or on behalf of the Borrower, the Guarantors, or any member of the Controlled Group (hereafter collectively called the “Tax Group”) have been duly filed on a timely basis or appropriate extensions have been obtained and such Returns are and will be true, complete and correct, except where the failure to so file would not be reasonably expected to cause a Material Adverse Change; and all Taxes shown to be payable on the Returns or on subsequent assessments with respect thereto will have been paid in full on a timely basis, and no other Taxes will be payable by the Tax Group with respect to items or periods covered by such Returns, except in each case to the extent of (i) reserves reflected in the Financial Statements and the Interim Financial Statements, or (ii) taxes that are being contested in good faith. The reserves for accrued Taxes reflected in the financial statements delivered to the Lenders under this Agreement are adequate in the aggregate for the payment of all unpaid Taxes, whether or not disputed, for the period ended as of the date thereof and for any period prior thereto, and for which the Tax Group may be liable in its own right, as withholding agent or as a transferee of the assets of, or successor to, any Person.

  • Royalty Reports and Payments After the first sale of a Product on which royalties are payable by a Party hereunder, such Party shall make quarterly written reports to the other Party within sixty (60) days after the end of each calendar quarter, stating in each such report, separately the number, description, and aggregate Net Sales, by territory, of each such Product sold during the calendar quarter upon which a royalty is payable under Section 6.3 or Section 6.4 above, as applicable. Concurrently with the making of such reports, such Party shall pay to the other Party royalties due at the rates specified in Section 6.3 or Section 6.4 above, as applicable.

  • Reports and Statements The Lending Agent shall furnish the Client with the reports and statements set forth in the Securities Lending Guidelines or as otherwise agreed from time to time.

  • Statements and Payments The Fig Share and the Developer Royalty shall be paid by Developer and Fig, respectively, no later than thirty (30) days after the end of the calendar month in which the Gross Receipts are received by the applicable Party together with a statement detailing calculation of the Fig Share or the Developer Royalty, as applicable (including copies of payment statements from Distributors and calculation of any adjustment to reflect Third-Party Distributor terms as provided in the definition of Fig Share). Upon request, Distributor will provide Fig with access to real-time reporting posted or made available by any Distributor.

  • Financial Statements, Reports, etc Furnish to the Administrative Agent (which will promptly furnish such information to the Lenders):

  • Payment; Reports 11 3.12 Exchange Rate; Manner and Place of Payment............................ 11 3.13

  • Progress Reports 8. Within 30 days after the end of each calendar quarter following the date of this Agreement, the board of directors shall submit to the Reserve Bank written progress reports detailing the form and manner of all actions taken to secure compliance with the provisions of this Agreement and the results thereof, and a parent company only balance sheet, income statement, and, as applicable, report of changes in stockholders’ equity. Approval and Implementation of Plan

  • Financial Statements, Reports Provide Bank with the following by submitting to the Financial Statement Repository or otherwise submitting to Bank:

  • Assistance with Post-Closing SEC Reports and Inquiries Upon the reasonable request of the Company, after the Closing Date, the Acquiror Company Principal Shareholder shall use his reasonable best efforts to provide such information available to him, including information, filings, reports, financial statements or other circumstances of the Acquiror Company occurring, reported or filed prior to the Closing, as may be necessary or required by the Acquiror Company for the preparation of the post-Closing Date reports that the Acquiror Company is required to file with the Commission to remain in compliance and current with its reporting requirements under the Exchange Act, or filings required to address and resolve matters as may relate to the period prior to the Closing and any Commission comments relating thereto or any Commission inquiry thereof.

  • Monthly Reports On or before the 15th day after the end of each month during the term of this Management Agreement, Manager shall prepare and submit to Owner the following reports and statements:

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