Quarterly Settlement definition

Quarterly Settlement shall have the meaning specified in Section 5.3(a).
Sample 1Sample 2Sample 3
Quarterly Settlement means the net amount due and payable to any party with respect to any Accounting Period as set forth in Section 7.3.
Sample 1Sample 2
Quarterly Settlement shall have the meaning specified in Section 5.1.
Sample 1Sample 2

Examples of Quarterly Settlement in a sentence

  • All monies, checks, drafts, money orders, postal notes, and other instruments received after the Effective Date by Ceding Company for premiums on the Reinsured Contracts shall be either allocated to the Separate Accounts in accordance with instructions from contractholders or transferred to Reinsurer in accordance with the Quarterly Settlement provisions under this Agreement.

  • The Company and the Reinsurer agree that the financial data set forth on the Monthly Settlement Reports used for purposes of the Monthly Settlements, shall be trued-up to actual amounts in the next Quarterly Settlement Report and the net amount, if any, subsequently due to the Company or the Reinsurer, as the case may be, as a result of such adjustments shall be paid to the Company or the Reinsurer, as applicable.

  • For the avoidance of doubt, the first Quarterly Settlement Report will include all transactions with respect to the Reinsured Contracts occurring from the Inception Date through June 30, 2004.

  • The Quarterly Accounting Period MODCO Adjustment for each Quarterly Accounting Period shall be reflected in the Quarterly Settlement Report for such Quarterly Accounting Period.

  • Each net amount subsequently due the Company or the Reinsurer with respect to each Quarterly Accounting Period ending after the Inception Date as reflected on a Quarterly Settlement Report (the “Quarterly Settlement”) shall be paid in cash by the owing party no later than thirty (30) days after delivery of the Quarterly Settlement Report.

  • The Quarterly Settlement payment shall represent settlement, net of any interim reimbursements or other related settlement payments, of all amounts due during that quarter and any mutually agreed upon adjustments to prior periods.

  • Not later than 10 A.M. (Eastern time) on the fifth (5th) Business Day after the receipt of each Monthly Settlement Sheet, Quarterly Settlement Sheet or Year-End Settlement Sheet, as applicable, Bank shall pay to FDS Bank the amounts determined in accordance with Schedule 9.3(a).

  • Each net amount subsequently due the Company or the Reinsurer with respect to each Quarterly Accounting Period ending after the Inception Date as reflected on a Quarterly Settlement Report (the "Quarterly Settlement") shall be paid in cash by the owing party no later than thirty (30) days after delivery of the Quarterly Settlement Report.

  • The parties shall issue credits to each other to settle any PPV during the Quarterly Settlement Process.

  • As soon as practicable but not more than forty (40) days following the end of each Quarterly Accounting Period ending after the Closing Date (or more frequently as mutually agreed by the parties), the Company shall supply the Reinsurer with a report that shall provide the financial data for such Quarterly Accounting Period required in Schedule G - Part IV (the "Quarterly Settlement Report").


More Definitions of Quarterly Settlement

Quarterly Settlement shall have the meaning set forth in Section 6.2(a).
Sample 1
Quarterly Settlement shall have the meaning set forth in Section 7.1.
Sample 1
Quarterly Settlement means the net amount due and payable to either party with respect to any Accounting Period. "Recapture Event" shall have the meaning specified in Section 9.03. "Reinsured SPDAs" means (i) the SPDAs, including any Endorsements thereto, and (ii) any single premium deferred annuity contracts replacing SPDAs and any endorsements to SPDAs issued by the Company on or subsequent to the Effective Date with the consent of the Reinsurer. Reinsured SPDAs shall not include Retained Asset Account Funds in existence on the Effective Date.
Sample 1

Related to Quarterly Settlement

  • Monthly Settlement Date means the 25th day of each calendar month (or if such day is not a Business Day, the next occurring Business Day).

  • Early Settlement has the meaning specified in Section 5.9(a).

  • Daily Settlement Price means the settlement price for a Swap calculated each Business Day by or on behalf of BSEF. The Daily Settlement Price can be expressed in currency, spread, yield or any other appropriate measure commonly used in swap markets.

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of:

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

  • Early Settlement Date has the meaning specified in Section 5.9(a).

  • Early Settlement Rate has the meaning specified in Section 5.9(b).

  • Mandatory Settlement Date means the earliest of:

  • TARGET2 Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open.

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Cash Settlement Averaging Period means, with respect to any Note as to which Cash Settlement or Combination Settlement is applicable, the 45 consecutive Trading Day period beginning on, and including, the second Trading Day immediately following the related Conversion Date; except that “Cash Settlement Averaging Period” means, with respect to any Conversion Date occurring during the Final Conversion Period, the 45 consecutive Trading Day period beginning on, and including, the 46th Scheduled Trading Day immediately preceding the Maturity Date.

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • Cash Settlement Amount means, in respect of every Board Lot, an amount calculated by the Issuer in accordance with the following formula (and, if appropriate, either (I) converted (if applicable) into the Settlement Currency at the Exchange Rate or, as the case may be, (II) converted into the Interim Currency at the First Exchange Rate and then (if applicable) converted into Settlement Currency at the Second Exchange Rate):

  • Physical Settlement Date means the date specified as such in any Physical Settlement Notice, which shall be not earlier than 10 nor later than 20 Business Days after the date on which the Physical Settlement Notice is given.

  • Combination Settlement shall have the meaning specified in Section 14.02(a).

  • Standard Settlement Period means the standard settlement period, expressed in a number of Trading Days, on the Company’s primary Trading Market with respect to the Common Stock as in effect on the date of delivery of the Notice of Exercise.

  • Net Share Settlement Amount For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • Purchase Contract Settlement Date means ________________________, ____.]

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.

  • TARGET Settlement Day means any day on which TARGET2 is open for the settlement of payments in euro;

  • Net Share Settlement means the settlement method pursuant to which an exercising Warrantholder shall be entitled to receive from the Company, for each Warrant exercised, a number of shares of Common Stock equal to the Net Share Amount without any payment therefor.

  • Remarketing Settlement Date means the date of the settlement of any Successful Remarketing, which will be three Business Days after such Remarketing.

  • Share Settlement means a number of shares of Class A Common Stock equal to the number of Redeemed Units.