Reports and Accounts. As soon as reasonably practicable after the end of each Accounting Period, each Limited Partner shall be provided with a report audited by an independent certified public accountant selected by the General Partner(s) that contains: the balance sheet of the Limited Partnership as of the last day of that Accounting Period, a statement of profit and loss showing the amounts allocated to or against that Limited Partner's account with respect to that Accounting Period.
Reports and Accounts. Within sixty (60) days after the close of each month, the -------- Company shall render to the Reinsurers the following:
Reports and Accounts. Accounts and premium are due and payable quarterly thirty -------- (30) days after the close of each calendar quarter. CEDING COMMISSION: 32.5% of the gross net earned premium ceded. ---------- CONTINGENT COMMISSION: See attached Exhibits A, B and C. ----------
Reports and Accounts. ERMA xxxll render to Aetna accounts and reports with respect to the Covered Business, and remit to Aetna all amounts owed to Aetna hereunder, in accordance with the Reporting and Accounting Convention attached as Exhibit C to the Restructuring Agreement.
Reports and Accounts. 11 ARTICLE VII.
Reports and Accounts. The Company shall furnish within forty-five days after the close of each calendar quarter an account reflecting the following separately for each underwriting year:
Reports and Accounts. We hereby waive all statutory requirements, including the requirement under Probate Code § 16062(a), that the Trustees of any trust created under this Trust Agreement render a report or account to the beneficiaries of the trust. The Trustees shall not be required to make any current reports or render any annual or other periodic accounts to any trust beneficiary or to any court, whether or not required by statute, except pursuant to court order. The Trustees may take action for the approval of their accounts at the times and before the courts, or without court proceedings, as they determine in the exercise of their discretion. Any Trustees’ account may, at the Trustees’ option, either be settled pursuant to the provisions of Probate Code §16060 et seq. or by sending the account to all beneficiaries of such trust, at their respective last known addresses by certified mail, return receipt requested. Unless written objections are received by the Trustees within one hundred eighty (180) days of mailing such account, the account and all transactions set forth in the account shall be deemed settled and approved. The Trustees shall pay the costs and expenses of such action, including the compensation and expenses of accountants, attorneys, and guardians, from the principal or income, or both, of the trust as they determine.
Reports and Accounts. As soon as reasonably practicable after, and in all cases within three months following, the end of each fiscal year, each Member shall be furnished with a statement of profit or loss in respect of such year, prepared in accordance with section 8.1 and, if so determined by the Managers or at least ten (10%) in interest of the Members, audited by an independent certified accountant selected by the Managers. Copies of all federal and state partnership income tax returns filed by the Company shall be available to each Member, and copies of appropriate distributive share schedules thereto shall be furnished to each Member.
Reports and Accounts. Accounts and premiums are due and payable quarterly thirty --------- (30) days after the close of each calendar quarter. CEDING COMMISSION: 32.5% of gross ceded premium. ---------- CONTINGENT COMMISSION: Three-Year Block: January 1, 1997 - December 31, 1999 ---------- ------------------------------------------------------ Cumulative Net Earned Reinsurance Premium less Cumulative Incurred Losses plus Pro Rata Loss Adjustment Expenses occurring on and after January 1, 1997 to the termination of the Agreement, plus deficit, if any, from the preceding SEC:vs 1/7/97 3 REINSURANCE COVER NOTE Agreement No: 970044 period, and less Reinsurers' Margin shall equal the Cumulative Net Balance. Balance times 100% equals Contingent Commission. SEC:vs 1/7/97 4 CONTINGENT COMMISSION (Continued): Incurred Losses in this calculation to include IBNR ----------- factors of 50% of net earned reinsurance premium at the first calculation at 12/31/97; 30% of net earned reinsurance premium at the second calculation at 12/31/98; 10% of net earned reinsurance premium at the third calculation at 12/31/99 and 0% at subsequent calculations. Reinsurers' Margin shall be 17.5% of the Net Earned Reinsurance Premium. Payable annually within ninety (90) days after the close of each year. Unlimited deficit carry forward. Annual calculations until all losses are settled. Annual calculations at each December 31 thereafter until all losses are settled. Calculation of this Contingent Commission shall apply collectively for all Companies reinsured under this Agreement, and not individually.
Reports and Accounts. As soon as reasonably practicable after the end of each fiscal year, each Member shall be furnished with a copy of a balance sheet of the Company as of the last day of such fiscal year and a statement of profit or loss showing the amounts allocated to or against such Member’s accounts in respect of such year, all prepared in accordance with Sections 9.1. Copies of all federal and state partnership income tax returns prepared by the Company shall be furnished to each Member.
