Net Payment Basis. Amounts payable under this Agreement by Reinsurer to Ceding Company and by Ceding Company to Reinsurer will be netted against each other, dollar for dollar, and only a net payment will be due.
Appears in 5 contracts
Samples: Indemnity Reinsurance Agreement (Protective Life Corp), Indemnity Reinsurance Agreement (Protective Life & Annuity Insurance Co), Indemnity Reinsurance Agreement (Protective Life Corp)
