Quarterly Statement definition

Quarterly Statement means the quarterly statutory financial statement of any Insurance Subsidiary required to be filed with the insurance commissioner (or similar authority) of its jurisdiction of incorporation or, if no specific form is so required, in the form of financial statements permitted by such insurance commissioner (or such similar authority) to be used for filing quarterly statutory financial statements and shall contain the type of financial information permitted by such insurance commissioner (or such similar authority) to be disclosed therein, together with all exhibits or schedules filed therewith.

Quarterly Statement means, with respect to any Insurance Subsidiary for any fiscal quarter, the quarterly financial statements of such Insurance Subsidiary as required to be filed with the Insurance Regulatory Authority of its jurisdiction of domicile, together with all exhibits, schedules, certificates and actuarial opinions required to be filed or delivered therewith.

Quarterly Statement has the meaning provided in Section 2.12(e).

Examples of Quarterly Statement in a sentence

• The Corporation shall account for any deficits or excess in the payment made to the Royalty Holder pursuant to the Quarterly Statement in question which may be confirmed by such an audit by adjusting the next Quarterly Statement following completion of such audit to account for such deficits or excess.

• All Royalty payments shall be considered final and in full satisfaction of all obligations of the Corporation with respect thereto unless the Royalty Holder gives the Corporation written notice describing and setting forth a specific objection to the calculation thereof within ninety (90) days after receipt by the Royalty Holder of the Quarterly Statement herein provided for.

• Failure on the part of the Royalty Holder to make claim on the Corporation for adjustment in such 90-day period shall establish the correctness of the particular Quarterly Statement and preclude the filing of exceptions to such Quarterly Statement or making of claims for adjustment to such Quarterly Statement, and in the absence of fraud, the Royalty Holder expressly waives any claim or cause of action with respect to such Quarterly Statement.

• If the Royalty Holder objects to a particular Quarterly Statement as herein provided, the Royalty Holder shall, for a period of one hundred and twenty (120) days after the Royalty Holder’s receipt of the Quarterly Statement, have the right to have the Corporation’s accounts and records relating to calculation of the Quarterly Statement in question audited by a certified public accountant acceptable to the Royalty Holder and to the Corporation and subject to mutually acceptable confidentiality protection.

More Definitions of Quarterly Statement

Quarterly Statement means, with respect to any Insurance Subsidiary, the statutory quarterly financial statement of such Insurance Subsidiary as is required to be filed with the applicable Governmental Authority of its jurisdiction of domicile, with all exhibits and schedules filed therewith.

Quarterly Statement means the quarterly statutory financial statement of any Insurance Subsidiary as required to be filed with its Supervisory Authority, together with all exhibits and schedules filed therewith, prepared in accordance with SAP.

Quarterly Statement shall have the meaning set forth in Section 4.01.A.

Quarterly Statement means, with respect to any Restricted Subsidiary, the Quarterly Statement of such Restricted Subsidiary required to be filed with the Applicable Insurance Regulatory Authority in accordance with state law, including any exhibits, schedules, certificates or actuarial opinions filed or delivered therewith.

Quarterly Statement means the quarterly financial statement required to be filed by any Regulated Insurance Company with the Applicable Regulatory Insurance Authority.

Quarterly Statement shall have the meaning set forth in Section 3.3.

Quarterly Statement has the meaning provided in Section 5.1(r)(iv).