Common use of Terminal Accounting and Settlement Clause in Contracts

Terminal Accounting and Settlement. 1. TERMINAL ACCOUNTING. A Terminal Accounting and Settlement shall take place if: (1) any reinsurance under this Agreement is recaptured in accordance with Article XIII Paragraph 5; (2) any portion or percentage of all reinsurance under this Agreement is recaptured in accordance with Article VIII, Paragraph 4; (3) the Policies are subject to a Program of Internal Replacement as described in Article VIII, Paragraph 5; or (4) this Agreement is terminated.

Terminal Accounting and Settlement. 1. TERMINAL ACCOUNTINGTerminal Accounting. A Terminal Accounting and Settlement shall take place if: (1) any reinsurance under In the event that this Agreement is recaptured terminated in accordance with Article XIII VII, Paragraph 5; (2) any portion 3, or percentage of all reinsurance under this Agreement is recaptured in accordance with Article VIIIVII, Paragraph 4; (3) the Policies are subject to Paragraphs 4 and 6, a Program of Internal Replacement as described in Article VIII, Paragraph 5; or (4) this Agreement is terminatedTerminal Accounting and Settlement will take place.

Terminal Accounting and Settlement. 1. TERMINAL ACCOUNTINGTerminal Accounting. A Terminal Accounting and Settlement shall take place ------------------- if: (1) any reinsurance under this Agreement is all of the Policies are recaptured in accordance with Article XIII XII Paragraph 5E (Insolvency of Reinsurer); (2) any all, a portion or a percentage of all reinsurance under this Agreement is the Policies are recaptured in accordance with Article VIIIVII, Paragraph 44 (Ceding Company election); (3) some of the Policies are subject to a recaptured in accordance with Article VII, Paragraph 5 (Program of Internal Replacement as described in Article VIII, Paragraph 5Replacement); or (4) this Agreement is terminatedterminated for all Policies under Article VII Paragraph 6 (Nonpayment) or upon the mutual agreement of the parties.

Terminal Accounting and Settlement. 1. TERMINAL ACCOUNTINGTerminal Accounting. A Terminal Accounting and Settlement shall take place if: (1) any reinsurance under In the event that this Agreement is recaptured terminated in accordance with Article XIII VII, Paragraph 5; (2) any portion 3, or percentage of all reinsurance under this Agreement is recaptured in accordance with Paragraph 4 of Article VIIIVII, Paragraph 4; (3) the Policies are subject to a Program of Internal Replacement as described in Article VIII, Paragraph 5; or (4) this Agreement is terminatedTerminal Accounting and Settlement will take place.

Terminal Accounting and Settlement. 1. TERMINAL ACCOUNTINGTerminal Accounting. A Terminal Accounting and Settlement shall take place ------------------- if: (1) any reinsurance under this Agreement is recaptured in accordance with Article XIII XII Paragraph 5E; (2) any portion or percentage of all reinsurance under this Agreement is recaptured in accordance with Article VIIIVII, Paragraph 43; (3) the Policies are subject to a Program of Internal Replacement as described in Article VIIIVII, Paragraph 5; or (4) this Agreement is terminated.

Terminal Accounting and Settlement. 1. TERMINAL ACCOUNTINGTerminal Accounting. A Terminal Accounting and Settlement shall take place if: (1) any reinsurance under In the event that this Agreement is recaptured terminated in accordance with Article XIII Paragraph 5; (2) any portion VII, Paragraphs 3 or percentage of 4, or all reinsurance under this Agreement is recaptured in accordance with Article VIII, Paragraph 4; (3) the Policies are subject to a Program of Internal Replacement as described in Article VIIIVII, Paragraph 5; or (4) , a Terminal Accounting and Settlement will take place and, in the case of a partial recapture, the Terminal Accounting and Settlement will take place as to the Policies recaptured, the parties will have no further obligation under this Agreement is terminatedafter a Terminal Accounting and Settlement has taken place as set forth below.

Terminal Accounting and Settlement. 1. TERMINAL ACCOUNTINGTerminal Accounting. A Terminal Accounting and Settlement shall take place if: (1) any reinsurance under In the event that this Agreement is recaptured terminated in accordance with Article XIII VII, Paragraph 5; (2) any portion 3 or percentage of 4, or all reinsurance under this Agreement is recaptured in accordance with Article VIIIrecaptured, Paragraph 4; (3) a Terminal Accounting and Settlement will take place. In the Policies are subject to a Program of Internal Replacement as described in Article VIII, Paragraph 5; or (4) event this Agreement is terminatedterminated or all of the Riders reinsured under this Agreement are recaptured, the parties shall have no further obligations under this Agreement after a Terminal Accounting and Settlement has taken place as forth below, except as specified in Article XII.

Terminal Accounting and Settlement. 1. TERMINAL ACCOUNTINGTerminal Accounting. A Terminal Accounting and Settlement shall take place ------------------- if: (1) any reinsurance under this Agreement is recaptured in accordance with Article XIII XIV Paragraph 5E; (2) any portion or percentage of all reinsurance under this Agreement is recaptured in accordance with Article VIIIIX, Paragraph 43; (3) the Policies are subject to a Program of Internal Replacement as described in Article VIIIIX, Paragraph 5; or (4) this Agreement is terminated.