Common use of Quarterly Accountings Clause in Contracts

Quarterly Accountings. On a quarterly basis, or more frequently as mutually agreed by the Parties, commencing with the first calendar quarter following the Effective Date, the Company shall prepare a Quarterly Accounting as of the end of each calendar quarter, no later than thirty (30) days after the end of such quarter; provided, however, that in the event that subsequent data or calculations require revision of the final Quarterly Accounting, the required revision and any appropriate payments shall be made in cash by the parties within five (5) Business Days after they mutually agree as to the appropriate revision. All Quarterly Accountings shall be prepared in the format set forth on Schedule 6.1 hereto. The Quarterly Accounting shall separately identify payment obligations attributable to a Variable Separate Account, a Risk Control Separate Account, a Declared Rate Separate Account and the General Account. In addition to the Quarterly Accounting, the Company shall provide the Reinsurer with any additional information related to this Agreement or the Policies as is reasonably necessary for the Reinsurer to satisfy any financial reporting or disclosure requirements or to comply with Applicable Law.

Quarterly Accountings. On a quarterly basis, or more frequently as mutually agreed by the Parties, commencing with the first calendar quarter following the Effective Date, the Company shall prepare a Quarterly Accounting as of the end of each calendar quarter, no later than thirty (30) days after the end of such quarter; provided, however, that in the event that subsequent data or calculations require revision of the final Quarterly Accounting, the required revision and any appropriate payments shall be made in cash by the parties within five (5) Business Days after they mutually agree as to the appropriate revision. All Quarterly Accountings shall be prepared in the format set forth on Schedule 6.1 5.1 hereto. The Quarterly Accounting shall separately identify payment obligations attributable to a the Variable Separate Account, a the Risk Control Separate Account, a Declared Rate Separate Account and the General Account. In addition to the Quarterly Accounting, the Company shall provide the Reinsurer with any additional information related to this Agreement or the Policies as is reasonably necessary for the Reinsurer to satisfy any financial reporting or disclosure requirements or to comply with Applicable Law.