Common use of TERMINATION FOR NONPAYMENT OF AMOUNTS DUE Clause in Contracts

TERMINATION FOR NONPAYMENT OF AMOUNTS DUE. If the Ceding Company 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 Ceding Company. If the Reinsurer fails to pay the Benefit Payments or any other amounts due to the Ceding Company pursuant to this Agreement, within sixty (60) days after the receipt of the Quarterly Accounting Report, the Ceding Company 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 X Paragraph 2.

TERMINATION FOR NONPAYMENT OF AMOUNTS DUE. If the Ceding Company 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 AgreementAgreement for all Policies, subject to thirty (30) days prior written notice to the Ceding Company. If the Reinsurer fails to pay the Net Benefit Payments or any other amounts due to the Ceding Company pursuant to this Agreement, Agreement within sixty (60) days after the receipt of the Quarterly Accounting Report, the Ceding Company may terminate this AgreementAgreement for all Policies, 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 X VIII Paragraph 23.

TERMINATION FOR NONPAYMENT OF AMOUNTS DUE. If the Ceding Company 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 AgreementAgreement for all Policies, subject to thirty (30) days prior written notice to the Ceding Company. If the Reinsurer fails to pay the Net Benefit Payments or any other amounts due to the Ceding Company pursuant to this Agreement, Agreement within sixty (60) days after the receipt of the Quarterly Accounting Report, the Ceding Company may terminate this AgreementAgreement for all Policies, 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 X VIII Paragraph 23.

TERMINATION FOR NONPAYMENT OF AMOUNTS DUE. If the Ceding Company 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 Ceding Company. If the Reinsurer fails to pay the Benefit Payments or any other amounts due to the Ceding Company pursuant to this Agreement, within sixty (60) days after the receipt of the Quarterly Accounting Report, the Ceding Company 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 X VIII Paragraph 2.