Terminal Accounting and Settlement definition

Terminal Accounting and Settlement as described in Section 12.1 means the final accounting and payment of any amount due either party upon the termination of this Agreement.
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Terminal Accounting and Settlement shall have the meaning specified in ---------------------------------- Article X, Section 1.
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Terminal Accounting and Settlement shall have the meaning specified in Section 6.4(a).
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Examples of Terminal Accounting and Settlement in a sentence

  • If the calculation of the Terminal Accounting and Settlement produces an amount owing to the Reinsurer, such amount will be paid by the Ceding Company to the Reinsurer.

  • In the event that, subsequent to the Terminal Accounting and Settlement as provided above, a change is made with respect to any amounts due, a supplementary accounting will take place pursuant to Paragraph 3 above.

  • If the calculation of the Terminal Accounting and Settlement produces an amount owing to the Ceding Company, such amount will be paid by the Reinsurer to the Ceding Company.

  • The liability of the Reinsurer hereunder shall continue with respect to cessions that occurred prior to the date of the insolvency and are subject to the payment of a Terminal Accounting and Settlement.

  • If only a portion or a percentage of all of Policies is recaptured, then the Terminal Accounting and Settlement payment described above shall be made only with respect to the portion or percentage of such Policies recaptured.


More Definitions of Terminal Accounting and Settlement

Terminal Accounting and Settlement shall have the meaning specified in Section 9.07.
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Terminal Accounting and Settlement shall have the meaning set forth in Article XVI.
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Terminal Accounting and Settlement shall have the meaning set forth in Article XIV of this Agreement.
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Terminal Accounting and Settlement as defined in Section 10.1. -------------------------------------
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Terminal Accounting and Settlement means a net accounting and settlement for the termination of this Agreement.
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Terminal Accounting and Settlement. Means as defined in Article X, Paragraph 3.
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Terminal Accounting and Settlement shall have the meaning specified in Section 9.07. "Termination Date" means the date on which any complete termination of this Agreement, as provided in Article IX, is effective, either as a result of an event described in Article IX, or as designated by the terminating party or parties.
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