Common use of REPORTS AND REMITTANCES Clause in Contracts

REPORTS AND REMITTANCES. (a) The Parties shall conduct monthly settlements based upon monthly bordereaux to be provided by or on behalf of the Ceding Companies evidencing the amount due or to be due in a form, and containing such detail, as is agreed to by the Parties. Each Party shall pay or credit in cash or its equivalent to the other all net amounts for which it may be liable under the terms and conditions of this Agreement within ten (10) days after receipt of each Premium Bordereaux and Inuring Reinsurance report. In connection with such monthly settlement the Ceding Companies shall:

Appears in 4 contracts

Samples: Share Reinsurance Agreement (National General Holdings Corp.), Share Reinsurance Agreement (Amtrust Financial Services, Inc.), Share Reinsurance Agreement (Tower Group International, Ltd.)

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REPORTS AND REMITTANCES. (a) The Parties shall conduct monthly quarterly settlements based upon monthly quarterly bordereaux to be provided by or on behalf of the Ceding Companies pursuant to the Commercial Lines LPTA Administrative Services Agreement and Personal Lines LPTA Administrative Services Agreement evidencing the amount due or to be due in a form, and containing such detail, as is agreed to by the Parties. Each Party shall pay or credit in cash or its equivalent to the other all net gross amounts for which it may be liable under the terms and conditions of this Agreement within ten thirty (1030) days after receipt of each Premium Bordereaux and Inuring Reinsurance report. In connection with such monthly settlement the Ceding Companies shall:bordereau.

Appears in 2 contracts

Samples: Loss Portfolio Transfer Agreement (Amtrust Financial Services, Inc.), Loss Portfolio Transfer Agreement (National General Holdings Corp.)

REPORTS AND REMITTANCES. (a) The Parties shall conduct monthly settlements based upon monthly bordereaux to be provided by or on behalf within fifteen (15) days of the Ceding end of each calendar month by the Companies or, at the direction of the Companies, by National General, evidencing the amount due or to be due in a form, and containing such detail, as is agreed to by the Parties. Each Party shall pay or credit in cash or its equivalent to the other all net amounts for which it may be liable under the terms and conditions of this Agreement within ten (10) days after receipt of each Premium Bordereaux and Inuring Reinsurance report. In connection with such monthly settlement the Ceding Companies shall:bordereau.

Appears in 2 contracts

Samples: Personal Lines Quota Share Reinsurance Agreement (National General Holdings Corp.), Loss Portfolio Transfer Agreement (National General Holdings Corp.)

REPORTS AND REMITTANCES. (a) The Parties shall conduct monthly settlements based upon monthly bordereaux to be provided by or on behalf of the Ceding Companies Reinsurer evidencing the amount due or to be due in a form, and containing such detail, as is agreed to by the Parties. Each Party shall pay or credit in cash or its equivalent to the other all net gross amounts for which it may be liable under the terms and conditions of this Agreement within ten thirty (1030) days after receipt of each Premium Bordereaux and Inuring Reinsurance report. In connection with such monthly settlement the Ceding Companies shall:bordereau.

Appears in 2 contracts

Samples: Loss Portfolio Transfer Agreement (National General Holdings Corp.), Stock and Asset Purchase Agreement (Amtrust Financial Services, Inc.)

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REPORTS AND REMITTANCES. (a) The Parties shall conduct monthly settlements based upon monthly bordereaux to be provided by or on behalf within fifteen (15) days of the Ceding end of each calendar month by the Companies or, at the direction of the Companies, by AmTrust, evidencing the amount due or to be due in a form, and containing such detail, as is agreed to by the Parties. Each Party shall pay or credit in cash or its equivalent to the other all net amounts for which it may be liable under the terms and conditions of this Agreement within ten (10) days after receipt of each Premium Bordereaux and Inuring Reinsurance report. In connection with such monthly settlement the Ceding Companies shall:bordereau.

Appears in 1 contract

Samples: Loss Portfolio Transfer Agreement (Amtrust Financial Services, Inc.)

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