Common use of Monthly Accounting Clause in Contracts

Monthly Accounting. After the Effective Date and for as long as this Agreement is in effect, each calendar month Reinsurer will prepare and deliver to Ceding Company an accounting (the “Monthly Accounting”), which will be delivered no later than the fifteenth (15th) calendar day of the calendar month immediately following the calendar month for which such accounting is prepared; except that the first Monthly Accounting will not be due until forty-five (45) calendar days after the Effective Date. The Monthly Accounting will be substantially in the form set forth in Exhibit I. Reinsurer will supply Ceding Company on a timely basis with all accounting data relating to transactions carried out by it in connection with the Business that Ceding Company may reasonably request.

Appears in 5 contracts

Samples: Indemnity Reinsurance Agreement (Protective Life Corp), Indemnity Reinsurance Agreement (Protective Life Corp), Indemnity Reinsurance Agreement (Protective Life & Annuity Insurance Co)

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