Net Amounts definition
Examples of Net Amounts in a sentence
The Claim Amount shall be payable in accordance with Clause 7 (Net Amounts).
The Company will pay to the Reinsurer a basic premium calculated by multiplying the net amount at risk of the Reinsured Policy, as defined in the Net Amounts At Risk provision of this Exhibit, by the appropriate rate from the 2008 VBT ALB S&U rates which have been included at the end of this Exhibit, subject to the percentages shown below.
Where all or any part of any Reinsured Liability is Recovered by PLAE, PLAE shall pay to PLL the amount so Recovered payable monthly on the last Business Day of each month and settled in accordance with Clause 7 (Net Amounts).
The Premium Payment shall be payable in accordance with Clause 7 (Net Amounts).
Farm Bureau agrees to hold the following Policy Net Amounts at Risk at its own risk on a life without the benefit of proportional reinsurance.
The Parties acknowledge that if both Parties have incurred royalty obligations during a calendar quarter, then, after each party has had a reasonable opportunity to review the other party’s written report of gross sales and Net Amounts for such quarter, the Parties may mutually agree to have the Paying Party owing the greater amount of royalties during such calendar quarter remit a net payment of the difference between the two royalty amounts rather than requiring both Parties to make separate payments.
In the event less than the full amount insured is paid as a claim or if any special expenses are incurred in the settlement of a claim (such as attorney’s fees, court and arbitration costs, special investigations, etc., but excluding salaries of employees), Reinsurer and the Ceding Company shall share in the amount of such reduction or special expenses in proportion to their respective Net Amounts at Risk under the policy affected.
For the avoidance of doubt, nothing in this Clause 7.4 shall affect PLL's obligation to first pay the Net Amount in accordance with the other provisions of this Clause 7 (Net Amounts).
The Company will pay to the Reinsurer a basic premium calculated by multiplying the net amount at risk of the Reinsured Policy, as defined in the Net Amounts At Risk provision of this Exhibit, by the appropriate rate from the set of rates included at the end of this Exhibit, subject to the allowances shown below.
Gross sales, Net Amounts and applicable royalties payable shall be expressed in United States Dollars.