Common use of Cash Settlements Clause in Contracts

Cash Settlements. On each Settlement Date: a. The Ceding Company shall pay to the Reinsurer: i. the net amount of premiums as defined in Section 5.02; b. Simultaneously, the Reinsurer shall pay to the Ceding Company: i. the net paid Reinsured Liabilities as defined in Section 5.04; and ii. the net Commissions as defined in Section 5.03; and iii. the expense and administration allowance as defined in Section 5.06.

Cash Settlements. On each Settlement Date: a. The Ceding Company shall pay to the Reinsurer: : i. the net amount of premiums as defined in Section 5.02; b. Simultaneously, the Reinsurer shall pay to the Ceding Company: : i. the net paid Reinsured Liabilities as defined in Section 5.04; and and ii. the net Commissions as defined in Section 5.03; and and iii. the expense and administration allowance as defined in Section 5.06.