TERMS OF REINSURANCE. ======================= Except as otherwise specifically provided herein, all payments to or by the Reinsurer or The Equitable shall be determined on a net basis as of the last day of the [time period] to which such amount is attributable. All amounts shall be due and accrued as of such date. The payment of such amounts shall be submitted in accordance with the provisions of Paragraph 2. All settlements of account between the Reinsurer and The Equitable shall be made in cash or its equivalent.
Appears in 8 contracts
Samples: Reinsurance Agreement (Separate Account No 45 of Equitable Life Assur Society of Us), Reinsurance Agreement (Separate Acct No 49 of the Equit Life Assu Soci of the U S), Reinsurance Agreement (Separate Account No 45 of Equitable Life Assur Society of Us)
