Common use of Terminal Accounting Clause in Contracts

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.

Appears in 2 contracts

Samples: Reinsurance Agreement (North American Security Life Insurance Co), Reinsurance Agreement (Mony Group Inc)

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Terminal Accounting. In the event that all or a portion of the reinsurance under 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.

Appears in 2 contracts

Samples: Reinsurance Agreement (Manufacturers Life Insurance Co of North America Sep Acc A), Reinsurance Agreement (North American Security Life Insurance Co)

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