Common use of Terminal Accounting Clause in Contracts

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 VII, Paragraph 3, or all reinsurance under this Agreement is recaptured in accordance with Article VII, Paragraph 4Paragraphs 4 or 5 , a Terminal Accounting and Settlement will take place and, and except as set forth in Paragraph paragraph 4 below, the parties hereto shall will have no further obligations under this Agreement. Notwithstanding the foregoing, howeverHowever, 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 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, and except as set forth in Paragraph paragraph 4 below, the parties hereto shall will have no further obligations under this Agreement. Notwithstanding the foregoing, howeverHowever, 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 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 andplace. In the event that this Agreement is terminated in accordance with Article VII, except as set forth Paragraph 3 or all of the Riders reinsured under this Agreement are recaptured in accordance with Article VII, Paragraph 4 below4, the parties hereto shall will have no further obligations obligation under this Agreement. Notwithstanding the foregoing, however, if the parties agree to terminate the Agreement by mutual consent, then they may deviate from the after a Terminal Accounting and Settlement described in this Article VIIIhas taken place as set forth below.

Terminal Accounting. In the event that this Agreement is terminated in accordance with Article VIIVIII, Paragraph 3, or all reinsurance under this Agreement is recaptured in accordance with Article VIIVIII, 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 VIIIplace.

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 4Paragraphs 4 or 5, a Terminal Accounting and Settlement will take place and, and except as set forth in Paragraph paragraph 4 below, the parties hereto shall will have no further obligations under this Agreement. Notwithstanding the foregoing, howeverHowever, 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 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 VIIIplace.

Terminal Accounting. In the event that this Agreement is terminated in accordance with Article VII, Paragraph 33 or 4, or all reinsurance under this Agreement is recaptured in accordance with Article VII, Paragraph 4recaptured, a Terminal Accounting and Settlement will take place and, except as set forth in Paragraph 4 belowplace. In the event this Agreement is terminated or all of the Riders reinsured under this Agreement are recaptured, 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 after a Terminal Accounting and Settlement described has taken place as forth below, except as specified in this Article VIIIXII.

Terminal Accounting. In the event that this Agreement is terminated in accordance with Article VII, Paragraph 3Paragraphs 3 or 4, or all reinsurance under this Agreement is recaptured in accordance with Article VII, Paragraph 45, a Terminal Accounting and Settlement will take place and, except as set forth in Paragraph 4 belowthe case of a partial recapture, 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 will take place as to the Policies recaptured, the parties will have no further obligation under this Article VIIIAgreement after a Terminal Accounting and Settlement has taken place as set forth below.

Terminal Accounting. In the event that this Agreement is terminated in accordance with Article VII, Paragraph 33 or 4, or all reinsurance under this Agreement is recaptured in accordance with Article VII, Paragraph 45, a Terminal Accounting and Settlement will take place and, except as set forth in Paragraph 4 belowplace. In the event this Agreement is terminated or all of the Riders reinsured under this Agreement are recaptured, 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 after a Terminal Accounting and Settlement described in this Article VIIIhas taken place as set forth below.

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, a terminal accounting and settlement (“Terminal Accounting and Settlement”) will take place. In the event that this Agreement is terminated in accordance with Article VII, Paragraph 43 or all reinsurance under this Agreement is recaptured in accordance with Article VII, except as otherwise set forth herein, the parties will have no further obligation under this Agreement after a Terminal Accounting and Settlement will take has taken 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 VII, Paragraph 3, or all reinsurance under this Agreement is recaptured in accordance with Paragraph 4 of 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 VIIIplace.