Common use of Quarterly Settlements Clause in Contracts

Quarterly Settlements. A. The Ceding Company will pay the Reinsurer the sum of: (i) the Reinsurance Premiums determined in accordance with Article II paragraph 1, plus (ii) Other Income as determined in accordance with Article II paragraphs 2 through 5, plus (iii) the Commission Chargebacks determined in accordance with Article III, Paragraph 3, plus (iv) any Modified Coinsurance Reserve Adjustment payable to the Reinsurer, determined in accordance with Article V B. The Reinsurer will pay the Ceding Company the sum of: (i) the Benefit Payments, as described in Article IV, plus (ii) the Ceding Commission determined in accordance with Article III, Paragraph 1, plus (iii) the Expense Allowance determined in accordance with Article III, Paragraph 2, plus (iv) any Modified Coinsurance Reserve Adjustment payable to the Ceding Company, determined in accordance with Article V

Appears in 6 contracts

Samples: Reinsurance Agreement (Separate Account Va-2l), Reinsurance Agreement (Separate Account Va B), Reinsurance Agreement (Separate Account Va Y)

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Quarterly Settlements. A. The Ceding Company will shall pay to the Reinsurer the sum of: (i) the Reinsurance Premiums determined in accordance with Article II paragraph II, Paragraph 1, ; plus (ii) Other Income as determined The amounts set forth in accordance with Article II paragraphs II, Paragraphs 2 through 54 (such amounts, “Other Income”); plus (iii) the Commission Chargebacks chargebacks determined in accordance with Article III, Paragraph 3, ; plus (iv) any Modified Coinsurance Reserve Adjustment payable to the Reinsurer, Funds Withheld Investment Credit determined in accordance with Article VV. B. The Reinsurer will shall pay to the Ceding Company the sum of: (i) the Benefit Payments, as described defined in Article IV, ; plus (ii) the Ceding Commission Allowance determined in accordance with Article III, Paragraph 1, ; plus (iii) the Expense Allowance determined in accordance with Article III, Paragraph 2, plus (iv) any Modified Coinsurance Reserve Adjustment payable to the Ceding Company, determined in accordance with Article V.

Appears in 6 contracts

Samples: Reinsurance Agreement, Reinsurance Agreement (Separate Account Va B), Reinsurance Agreement (Separate Account Va-2l)

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Quarterly Settlements. A. The Ceding Company will shall pay to the Reinsurer the sum of: (i) the Reinsurance Premiums determined in accordance with Article II paragraph II, Paragraph 1, ; plus (ii) Other Income as determined The amounts set forth in accordance with Article II paragraphs II, Paragraphs 2 through 54 (such amounts, “Other Income”); plus (iii) the Commission Chargebacks chargebacks determined in accordance with Article III, Paragraph 3, ; plus (iv) any Modified Coinsurance Reserve Adjustment payable to the Reinsurer, Funds Withheld Investment Credit determined in accordance with Article VV. B. The Reinsurer will shall pay to the Ceding Company the sum of: (i) the Benefit Payments, as described defined in Article IV, ; plus (ii) the Ceding Commission Allowance determined in accordance with Article III, Paragraph 1, ; plus (iii) the Expense Allowance determined in accordance with Article III, Paragraph 2, plus. (iv) any Modified Coinsurance Reserve Adjustment payable to the Ceding Company, determined in accordance with Article V20 4/1 2015

Appears in 1 contract

Samples: Reinsurance Agreement (WRL Series Annuity Account)

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