Terminal Accounting. In the event that this Agreement is terminated in accordance with Article VII, Paragraph 3, or all reinsurance under this Agreement is recaptured in accordance with Article VII, Paragraph 4, a Terminal Accounting and Settlement will take place and, except as set forth in Paragraph 4 below, the parties hereto shall have no further obligations under this Agreement. Notwithstanding the foregoing, however, if the parties agree to terminate the Agreement by mutual consent, then they may deviate from the Terminal Accounting and Settlement described in this Article VIII.
Terminal Accounting. In the event that this Agreement is terminated ------------------- in accordance with Article IX, Paragraphs 3 or 4, or Article XII, a Terminal Accounting and Settlement will take place.
Terminal Accounting. In the event that all of the reinsurance under this Agreement is terminated in accordance with Article 15, Commencement and Termination, a terminal accounting and settlement shall take place, subject to Article 5, Funds Withheld Balance.
Terminal Accounting. The terms and conditions for the Ceding Company to recapture reinsured policies as a result of rate actions taken by the Reinsurer are set forth in Article 6.5 –
Terminal Accounting. On the Recapture Date, all funds allocated to the Modco Accounts shall be released and no payment shall be due in respect thereof.
Terminal Accounting. In the event that this Agreement is terminated in accordance with Article XI, Xxxxxxxxx 0, xx all reinsurance under this Agreement is recaptured in accordance with Article XI, Xxxxxxxxx 0, x Terminal Accounting and Settlement will take place.
Terminal Accounting. In the event that the coinsurance and modified coinsurance provided pursuant to Article IV of this Agreement is terminated or the Reinsured Liabilities are recaptured pursuant to this Section 10.3, Reinsurer shall provide Ceding Company with a Terminal Accounting no later than the Coinsurance Termination Date or any other date mutually agreed to in writing by the parties.
Terminal Accounting. Terminal Accounting" shall mean the accounting delivered by the Reinsurer to the Company, providing for the settlement between the parties upon termination of this Agreement and/or recapture of the Contracts reinsured hereunder.
Terminal Accounting. In the event that this Agreement is terminated and the reinsured business is recaptured pursuant to Article 11, the Reinsurer shall provide the Company with a Terminal Accounting, no later than the Termination Date or any other date mutually agreed to in writing. The Terminal Accounting shall provide for the payment to the Company of an amount equal to the amount of the Reserves (if any) as of the date immediately prior to the date of the Terminal Accounting, net of reinsurance under any third-party reinsurance agreements.
Terminal Accounting. In the event of a withdrawal from the ELHT, the Trustees shall prepare a terminal accounting statement and provide it to the Participating Employer within 180 days after the effective date of the withdrawal.
