TERMINATION FOR NONPAYMENT OF AMOUNTS DUE. If the Cedent fails to pay the Reinsurance Premiums or any other amounts due to the Reinsurer pursuant to this Agreement within ninety (90) days after the end of any Accounting Period, the Reinsurer may terminate this Agreement, subject to thirty (30) days prior written notice to the Cedent. If the Reinsurer fails to pay the Benefit Payments or any other amounts due to the Cedent pursuant to this Agreement, within sixty (60) days after the receipt of the Monthly Accounting Report, the Cedent may terminate this Agreement, subject to thirty (30) days prior written notice to the Reinsurer. Such termination shall be subject to the payment of a Terminal Accounting and Settlement as described in Article IX Paragraph 3.
Appears in 13 contracts
Samples: Reinsurance Agreement (First Metlife Investors Variable Annuity Account One), Reinsurance Agreement (First Metlife Investors Variable Annuity Account One), Reinsurance Agreement (Metlife Investors Usa Separate Account A)
