First Year and Renewal Business Sample Clauses

First Year and Renewal Business. On or before the 30th day after the close of each month, the Company will submit to the Reinsurer a statement of account, substantially in accordance with Schedule C showing the premium due on new reinsurance effected in the preceding month(s), the modal renewal reinsurance premium due, and any other pertinent data mutually agreed upon by the parties hereto. If a statement shows that a new reinsurance premium balance is payable to the Reinsurer, the Company will include with the statement its payment for the amount of the net balance due the Reinsurer. b)
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First Year and Renewal Business. On or before the twentieth (20th) day after the close of each quarter, the Company will submit to the Reinsurer a statement of account, substantially in accordance with Schedule B showing the premium(s) due on reinsurance effected in the preceding month(s) and any other pertinent data mutually agreed upon by the parties hereto. If a statement shows that a net reinsurance balance is due the Reinsurer, the Company will include with the statement a payment for the amount(s) due with interest from the quarter end calendar reporting period at a rate equal to "I" as defined in Schedule C. Likewise, should the statement show a net reinsurance balance due the Company, the Reinsurer shall remit the amount due with interest within fifteen (15) days after receipt of the statement.

Related to First Year and Renewal Business

  • Annual Business Plan As soon as available and in any event no later than 120 days after the end of each Fiscal Year, a Business Plan.

  • CONTRACT PERIOD AND RENEWALS The Contract(s) shall be in effect for three (3) years, unless terminated in accordance with the contractual provisions. If mutually agreed between OGS and the Contractor, the Contract may be renewed under the same terms and conditions for up to two (2) additional one years. The Contract renewal may be exercised on a month to month basis such as an additional three month, six month, twelve month, or 24 month period.

  • General Business Expenses The Company shall pay or reimburse the Executive for all expenses reasonably and necessarily incurred by the Executive during the Term in the performance of the Executive's services under this Agreement. Such payment shall be made upon presentation of such documentation as the Company customarily requires of its senior executive employees prior to making such payments or reimbursements.

  • CONTRACT PERIOD AND RENEWAL The Contract is effective on the signature date of the latter of the Parties to sign this agreement and terminates on March 15, 2021, unless renewed, extended, or terminated pursuant to the terms and conditions of the Contract. The Parties may extend this Contract subject to mutually agreeable terms and conditions.

  • Renewal Contract Term Upon mutual written agreement, the Parties may renew this Contract, in whole or in part, for a Renewal Term not to exceed the Initial Contract Term, pursuant to the incorporated Special Contract Conditions.

  • Term and Annual Renewal The term of this Agreement shall be from the date of its approval by the vote of a majority of the Board of each Issuer, and it shall continue in effect from year to year thereafter only so long as such continuance is specifically approved at least annually by the vote of a majority of its Board, and the vote of a majority of those members of the Board who are neither parties to the Agreement nor interested persons of any such party, cast at a meeting called for the purpose of voting on such approval. “Approved at least annually” shall mean approval occurring, with respect to the first continuance of the Agreement, during the 90 days prior to and including the date of its termination in the absence of such approval, and with respect to any subsequent continuance, during the 90 days prior to and including the first anniversary of the date upon which the most recent previous annual continuance of the Agreement became effective. The effective date of the Agreement with respect to each Fund is identified in the Schedule A of this Agreement.

  • Base Year The period beginning on 1 April of one year and ending on 31 March of the following year.

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Work Year The full-time work year for all employees employed in EA and ECE job classes shall be a minimum of 194 work days to correspond with the school year calendar.

  • ANNUAL VACATIONS Paid annual vacation for all employees covered by this Agreement shall be allowed as follows:

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