Common use of Monthly Accounting Reports Clause in Contracts

Monthly Accounting Reports. Within thirty (30) calendar days following the end of each Monthly Accounting Period, the Company shall provide the Reinsurer with a monthly report which shall list each of the payment obligations pursuant to Article IV for such Monthly Accounting Period and such other information regarding the Reinsured Policies as may be mutually agreed upon by the parties (the “Monthly Accounting Reports”). Each Monthly Accounting Report shall separately identify payment obligations attributable to the Company’s Separate Account and payment obligations attributable to the Company’s general account. In addition to the Monthly Accounting Reports, the Company shall provide the Reinsurer with any additional information related to this Agreement or the Reinsured Policies as is reasonably necessary for the Reinsurer to satisfy any financial reporting or disclosure requirements or to comply with any applicable laws. Each Monthly Account Report will include separate calculations of the Settlement Amount for that Monthly Accounting Period related to the Company’s Separate Account and the Company’s general account with respect to the Reinsured Policies. The term “Settlement Amount” for any Monthly Accounting Period shall mean an amount equal to the difference between (i) Premiums payable pursuant to Section 4.1, less (ii) Policy Benefits payable pursuant to Section 4.2, less (iii) the Expense Allowance payable pursuant to Section 4.3, in each case calculated for the Company’s Separate Account and the Company’s general account.

Monthly Accounting Reports. Within thirty (30) calendar days following the end of each Monthly Accounting Period, the Company shall provide the Reinsurer with a monthly report which shall list each of the payment obligations pursuant to Article IV for such Monthly Accounting Period and such other information regarding the Reinsured Policies as may be mutually agreed upon by the parties (the “"Monthly Accounting Reports”"). Each Monthly Accounting Report shall separately identify payment obligations attributable to the Company’s Separate Account and payment obligations attributable to the Company’s general account. In addition to the Monthly Accounting Reports, the Company shall provide the Reinsurer with any additional information related to this Agreement or the Reinsured Policies as is reasonably necessary for the Reinsurer to satisfy any financial reporting or disclosure requirements or to comply with any applicable laws. Each Monthly Account Report will include separate calculations a calculation of the Settlement Amount for that Monthly Accounting Period related to the Company’s Separate Account and the Company’s general account with respect to the Reinsured PoliciesPeriod. The term “"Settlement Amount” " for any Monthly Accounting Period shall mean an amount equal to the difference between (i) Premiums payable pursuant to Section 4.1, less (ii) Policy Benefits payable pursuant to Section 4.2, less (iii) the Expense Allowance payable pursuant to Section 4.3, in each case calculated for the Company’s Separate Account and the Company’s general account.

Monthly Accounting Reports. Within thirty (30) calendar days following the end of each Monthly Accounting Period, the Company shall provide the Reinsurer with a monthly report which shall list each of the payment obligations pursuant to Article IV for such Monthly Accounting Period and such other information regarding the Reinsured Policies as may be mutually agreed upon by the parties (the “"Monthly Accounting Reports”"). Each Monthly Accounting Report shall separately identify payment obligations attributable to the Company’s Separate Account and payment obligations attributable to the Company’s general account. In addition to the Monthly Accounting Reports, the Company shall provide the Reinsurer with any additional information related to this Agreement or the Reinsured Policies as is reasonably necessary for the Reinsurer to satisfy any financial reporting or disclosure requirements or to comply with any applicable laws. Each Monthly Account Report will include separate calculations a calculation of the Settlement Amount for that Monthly Accounting Period related to the Company’s Separate Account and the Company’s general account with respect to the Reinsured PoliciesPeriod. The term “"Settlement Amount” " for any Monthly Accounting Period shall mean an amount equal to the difference between (i) Premiums payable pursuant to Section 4.1, less (ii) Policy Benefits payable pursuant to Section 4.2, less (iiiin) the Expense Allowance payable pursuant to Section 4.3, in each case calculated for the Company’s Separate Account and the Company’s general account4,3.