Quarterly Settlement Sample Clauses

Quarterly Settlement. As soon as feasible but no more than fifteen (15)] days after the end of each Accounting Period, the Company shall supply the Reinsurer with a report that shall compute the following financial data for such Accounting Period: • The earned premiums plus other income excluding any investment income and realized and/or unrealised capital gains, related to the Reinsured Risks net of any insurance taxes and of any guarantee fund contribution related to these premiums and net of any reinsurance cost related to the Ceded Reinsurance; • Minus the claims paid on the Reinsured Liabilities, net of any reinsurance received under the Ceded Reinsurance; • Minus the Direct Commission net of any portion thereof actually paid under Ceded Reinsurance; • Minus any increase in the Reserves; • Plus any decrease of the Reserves; • Plus interest on the Deposit calculated in reference to Article 5 hereof; • Minus the Ceding Commission.

Quarterly Settlement. After the Retention has been exhausted, the Quarterly Report shall include a statement (the “Net Cash Settlement Statement”), which shall set out the amount of Paid UNL and the amount due to the Company from the Reinsurer under this Agreement for the relevant Accounting Period (the “Net Cash Settlement Amount”).

Quarterly Settlement. Masco and Industries will effect a quarterly settlement of the amounts required hereunder to be (i) reimbursed upon the transfer of employment or a consulting relationship between Masco and Industries, (ii) reimbursed to Masco upon the forfeiture of Industries shares by Masco employees and consultants, (iii) reimbursed to Industries upon the forfeiture of Masco shares by Industries employees and consultants, and (iv) paid to Masco for any repurchase of Industries shares pursuant to Paragraphs 4 and 5 hereof. Mr. ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ September 20, 1985 Page Four

Quarterly Settlement. Within forty (40) calendar days after the end of each Accounting Period: (a) the Ceding Company will pay the Reinsurer: (i) the Reinsurance Premiums, as described in Article II; (ii) any applicable Recapture fee as described in Article 1, Paragraph 4(e) and (iii) any charge for an Excess Collateral Amount as described in Article IV, Paragraph 1(d); and (b) the Reinsurer will pay the Ceding Company (i) the Claims, as described in Article III; and (ii) any applicable return of Coinsurance Reserve as described in Article I, Paragraph 4(e). Except as otherwise specifically provided in this Agreement, all amounts due to be paid to either the Ceding Company or the Reinsurer under this Agreement will be determined on a net basis and will be made in cash or its equivalent.

Quarterly Settlement. Interest shall be settled on the twentieth day and paid on the twenty-first day of the last month of each quarter.

Quarterly Settlement. Within sixty days following the end of each calendar quarter, each Party shall deliver a detailed quarterly recollection comparing amounts invoiced under Section 3.1 with amounts that should have been invoiced per Article 2 after giving effect to any quarter end accruals or adjustments to amounts previously recorded. Within ten days following receipt of a quarterly reconciliation, any amounts due thereunder shall be paid or refunded by the applicable Party.

Quarterly Settlement. (a) Following Attachment, within sixty (60) calendar days after the end of each Quarterly Settlement Period, the Reinsured shall deliver to the Reinsurer a report (the “Quarterly Settlement Report”), the form and contents of which the Parties shall reasonably agree upon within one hundred twenty (120) calendar days of the date hereof, which Quarterly Settlement Report shall include a statement (the “Net Cash Settlement Statement”) which shall set out a calculation of the net amount due to the Reinsured from the Reinsurer, or the Reinsurer from the Reinsured, under this Reinsurance Agreement for the relevant Quarterly Settlement Period (the “Net Cash Settlement Amount”).