REPORTS AND REMITTANCES A Sample Clauses

REPORTS AND REMITTANCES A. The Company shall provide the Reinsurer with a quarterly account and bordereaux, as well as quarterly and annual reports, in accordance with the provisions set forth in Paragraphs C., E., F. and G. below. B. Portfolio Assumption - Within 45 days after July 1, 2018, the Company shall pay to the Reinsurer the Reinsurer's pro rata share of the Company's unearned premium reserve segregated by Line of Business on the business in force as of said date. C. Quarterly Account - Within 30 days after the close of each calendar quarter, the Company shall forward a quarterly account summarizing the following transactions under this Agreement during such quarter: 1. Gross Premiums Written ceded segregated by Line of Business specifically identifying the current cession rate in the event there has been a cession change pursuant to Paragraph B. of Article I – Business Covered; 2. ***** allowance for reinsurance; 3. Provisional Commissions; 4. Loss and Loss Adjustment Expenses paid less recoveries, including salvage and subrogation, segregated by Line of Business, by year of loss. EFFECTIVE: JULY 1, 2018 13. POR1238172 P18-0057 7/6/2018 11:54 AM.v3
Sample 1
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REPORTS AND REMITTANCES A. The first statement of account shall be due to the Reinsurer from the Company on the anniversary of the Closing Date. The first statement only shall include a charge for interest on any Uncollectible Reinsurance Recoverables due from the Reinsurer as of the statement date. Such interest charge shall be equal to the rate of interest announced by Citibank, N.A. as its prime or base rate as of the statement date, calculated on the basis of the actual number of days elapsed since the Uncollectible Reinsurance Recoverables accrued or the Closing Date, whichever is less, divided by three-hundred-and-sixty-five (365) days. Such interest charge shall be included in the Per Company Sub-Limit of Liability set forth on Schedule A. <PAGE> B. Thereafter, the Company shall submit quarterly statements of account ("quarterly reports") within forty-five (45) days after the end of each calendar quarter. C. Such quarterly reports shall be sent by both facsimile transmission and United States Postal Service or any other delivery service used by the Company. D. Such quarterly reports shall include information showing, as applicable with respect to each company listed on Schedule A, Uncollected Reinsurance, Settlement Concessions, Advances received, Advances due, Refunds due, and unpaid amounts outstanding. E. Remittances shall be on a "Net Basis," defined as amounts owed between the Parties under this Agreement. F. Remittances, whether due to the Company from the Reinsurer or to the Reinsurer from the Company, shall be due within forty-five (45) days from the date of receipt of the facsimile transmission of each quarterly report. G. Failure by the Reinsurer or the Company to pay amounts owed when due under this Agreement shall result in imposition of an interest penalty equal to the rate of interest announced by Citibank, N.A. as its prime or base rate as of the due date of any remittance, calculated on the basis of the actual number of days elapsed past the due date of any remittance divided by three-hundred-and-sixty-five (365) days and payment of other losses, costs, and expenses accrued or incurred by the Company or Reinsurer as a result of the other Party's late payment. ARTICLE X - OFFSET The Company and the Reinsurer shall have the right to offset any balance or amounts due from one party to the other under this Agreement. ARTICLE XI -
Sample 1
REPORTS AND REMITTANCES A. The first statement of account shall be due to the Reinsurer from the Company forty-five (45) days after the close of the first fiscal quarter that includes the Closing Date. B. Thereafter, the Company shall submit quarterly statements of account ("quarterly reports") within forty-five (45) days after the end of each calendar quarter. <PAGE> C. Such quarterly reports shall be sent by both facsimile transmission and United States Postal Service or any other delivery service used by the Company. D. Such quarterly reports shall be in the form attached hereto as Exhibit B, or in any other form mutually agreed by the Parties. E. Remittances shall be on a "Net Basis," defined as amounts owed between the Parties under this Agreement. F. Remittances shall be due to the Company from the Reinsurer within forty-five (45) days from the date of receipt of the facsimile transmission of each quarterly report. G. Failure of a Party to pay amounts owed when due under this Agreement shall result in imposition on that Party of an interest penalty equal to the rate of interest announced by Citibank, N.A. as its prime or base rate as of the due date of any remittance, calculated on the basis of the actual number of days elapsed past the due date of any remittance divided by three- hundred-and-sixty-five (365) days and payment of other losses, costs, and expenses accrued or incurred by the other Party as a result of the late payment. ARTICLE XII -
Sample 1
REPORTS AND REMITTANCES A. Within 30 days after the effective date of this Contract, the Company shall remit the Reinsurer's share of the unearned premium (less commission thereon) applicable to subject business in force at the effective date of this Contract. B. Within 30 days after the end of each month, the Company shall report to the Reinsurer: 1. Ceded Net Written Premium for the month; 2. Commission thereon; 3. Ceded losses and Loss Adjustment Expenses paid during the month (net of any recoveries during the month under the "cash call" provisions of the Claims and Loss Adjustment Expenses Article). The positive balance of (1) less (2) less (3) shall be remitted by the Company with its report. Any balance shown to be due the Company shall be remitted by the Reinsurer as promptly as possible after receipt and verification of the Company's report.
Sample 1
REPORTS AND REMITTANCES A. Monthly, the General Agent shall prepare and submit to the Company a bordereau report showing premiums written, cancellations and return premiums, reinsurance premiums, losses and loss adjustment expenses paid, and an estimate of outstanding losses and loss adjustment expenses. B. The General Agent agrees to reimburse the Company for all premium taxes paid on business written hereunder as promptly as possible following receipt by the General Agent of notification of the amount paid by the Company. C. As promptly as possible after December 15 of each year, or as soon thereafter as can be determined, the General Agent shall prepare and forward the Company a summary account showing all debits and credits in respect of business written hereunder during
Sample 1
REPORTS AND REMITTANCES A. The Company shall provide the Reinsurer with a quarterly account and bordereaux, as well as quarterly and annual reports, in accordance with the provisions set forth in Paragraphs C., E., F., G. and H below. EFFECTIVE: JULY 1, 2021 14. FIN_5166.4 B. Portfolio Assumption - Within 45 days after July 1, 2021, the Company shall pay to the Reinsurer the Reinsurer's pro rata share of the Company's unearned premium reserve segregated by Line of Business on the business in force as of said date. C. Quarterly Account - Within 30 days after the close of each calendar quarter, the Company shall forward a quarterly account summarizing the following transactions under this Agreement during such quarter: 1. Gross Premiums Written ceded segregated by Line of Business specifically identifying the current cession rate in the event there has been a cession change pursuant to Paragraph B. of Article I – Business Covered; 2. [***]% allowance for reinsurance; 3. Provisional Commissions; 4. Loss and Loss Adjustment Expenses paid less recoveries, including salvage and subrogation, segregated by Line of Business, by year of loss. The balance due either party shall be paid within 45 days after the close of each for the transactions during such quarter. D. In respect of Paragraph C. above: 1. All quarterly Account Statements shall be sent to the Reinsurer at: a. E-Mail/Word, Excel, PDF, or TIF Formats, or other scanned documents: [***], or b. Standard Mail: Swiss Reinsurance America Corporation P.O. Box 00000000 Xxxxxxx, XX 00000-0000 0. All checks and supporting documentation shall be sent to the Reinsurer through one of the options set forth below and shall identify the applicable Reinsurer Agreement Number(s):
Sample 1
REPORTS AND REMITTANCES A. As promptly as possible after the effective date of this Contract, the Company shall remit the Reinsurer's share of the ceded unearned premium (less commission and allowance thereon) applicable to subject business in force at the effective date of this Contract. B. Within 60 days after the end of each quarter, the Company shall report to the Reinsurer: 1. Ceded Net Written Premium for the quarter; 2. Ceding Commission thereon; 3. Reinsurance Allowance on (1) above; 4.
Sample 1
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REPORTS AND REMITTANCES A. 1. As promptly as possible after the effective date of this Contract, but no later than 30 days thereafter, the Company shall remit to the Trust Account, established in accordance with the Trust Account Article, the Reinsurer’s share of the unearned portion of the Subject Written Premium, less provisional commission thereon and less the Catastrophe Cost Allowance thereon applicable to subject business in force at the effective time and date of this Contract.
Sample 1
REPORTS AND REMITTANCES A. Within 60 days after the end of each month, the Company shall furnish to the Reinsurer a bordereau indicating, as respects each policy covered hereunder and bound during the month, the name of the Insured, the Insured's principle operation, the policy number, term, limit of liability and original premium, plus any additional or return premiums as respects each cession and the reinsurance -16- <PAGE> premiums thereon including a statement summarizing the premiums ceded, return premiums and commissions on net premiums. Any premium balances due the Reinsurer shall be sent to the Reinsurer by the Company with the statement. Any premium balances due the Company from the Reinsurer shall be sent to the Company promptly upon receipt of the bordereau and statement by the Reinsurer. B. Payment by the Reinsurer of its proportion of Net Loss and Loss Adjustment Expenses paid by the Company under policies reinsured hereunder will be paid promptly by the Reinsurer to the Company after satisfactory proof of payment by the Company and coverage hereunder is received by the Reinsurer. ARTICLE XIII
Sample 1

Related to REPORTS AND REMITTANCES A

  • REPORTS AND REMITTANCES A. The Company shall provide to the Reinsurer a monthly report no later than thirty (30) calendar days following the end of each month. Said report shall provide a summary of the gross ceded premium and paid losses for the month that just ended (and in the aggregate during the term of this Contract).

  • Remittance Reports; Advances (a) On the second Business Day following each Determination Date but in no event later than the earlier of (i) such date which would allow the indenture trustee to submit a claim to the NIMS Insurer under the Indenture so as to allow a timely payment by the NIMS Insurer under the insurance policy related to the notes insured by the NIMS Insurer and (ii) the 20th day of each month (or if such 20th day is not a Business Day, the preceding Business Day), the Master Servicer shall deliver to the Trustee and the NIMS Insurer by telecopy or electronic mail (or by such other means as the Master Servicer and the Trustee may agree from time to time) a Remittance Report with respect to the related Distribution Date. Not later than the 20th day of each month (or if such 20th day is not a Business Day, the preceding Business Day), the Master Servicer shall deliver or cause to be delivered to the Trustee in addition to the information provided on the Remittance Report, such other information reasonably available to it with respect to the Mortgage Loans as the Trustee may reasonably require to perform the calculations necessary to make the distributions contemplated by Section 4.01 and to prepare the statements to Certificateholders contemplated by Section 4.03. The Trustee shall not be responsible to recompute, recalculate or verify any information provided to it by the Master Servicer.

  • Refunds and Remittances After the Closing, if Ashland or any of its affiliates receive any refund or other amount which is a Transferred Asset or is otherwise properly due and owing to HoldCo or any of its affiliates in accordance with the terms of this Agreement, Ashland promptly shall remit, or shall cause to be remitted, such amount to HoldCo. After the Closing, if HoldCo or any of its affiliates receive any refund or other amount which is an Excluded Asset or is otherwise properly due and owing to Ashland or any of its affiliates in accordance with the terms of this Agreement, HoldCo promptly shall remit, or shall cause to be remitted, such amount to Ashland. After the Closing, if HoldCo or any of its affiliates receive any refund or other amount which is related to claims (including workers' compensation), litigation, insurance or other matters for which Ashland or any of its affiliates is responsible hereunder, and which amount is not a Transferred Asset, or is otherwise properly due and owing to Ashland or any of its affiliates in accordance with the terms of this Agreement, HoldCo promptly shall remit, or cause to be remitted, such amount to Ashland. After the Closing, if Ashland or any of its affiliates receive any refund or other amount which is related to claims (including workers' compensation), litigation, insurance or other matters for which HoldCo or any of its affiliates is responsible hereunder, and which amount is not an Excluded Asset, or is otherwise properly due and owing to HoldCo or any of its affiliates in accordance with the terms of this Agreement, Ashland promptly shall remit, or cause to be remitted, such amount to HoldCo.

  • Remittances Generally All payments by any Lender to Agent shall be made by the time and on the day set forth in this Agreement, in immediately available funds. If no time for payment is specified or if payment is due on demand by Agent and request for payment is made by Agent by 11:00 a.m. on a Business Day, payment shall be made by Lender not later than 2:00 p.m. on such day, and if request is made after 11:00 a.m., then payment shall be made by 11:00 a.m. on the next Business Day. Payment by Agent to any Lender shall be made by wire transfer, in the type of funds received by Agent. Any such payment shall be subject to Agent’s right of offset for any amounts due from such Lender under the Loan Documents.

  • Remittance Reports (a) The Remittance Report for each Distribution Date shall identify the following items, in addition to the items specified in Section 4.01 of the Standard Terms:

  • Customer Remittances Obligors of the Receivables will be directed by AmeriCredit to forward their remittances to Processor at a post office address (the “Lockbox”) assigned by Processor. Processor, acting for the exclusive benefit of the Trustee, shall have unrestricted and exclusive access to the mail directed to this address. AmeriCredit agrees to notify Processor thirty (30) days in advance of any change in Obligor remittance statements and/or mailing schedule.

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