Common use of Manner of Settlement Clause in Contracts

Manner of Settlement. A detailed allocation of costs and charges incurred by each member and Facilities rendered by each member to any other member will be prepared and invoices for the amount due to any member or from any member will be prepared and forwarded on a monthly basis. Each member agrees to settle its accounts with any other member by the end of the month following the month in which an invoice was submitted.

Appears in 4 contracts

Samples: Facilities Agreement (Variflex), Facilities Agreement (SBL Variable Annuity Account Xiv), Facilities Agreement (SBL Variable Annuity Account Xiv)

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Manner of Settlement. A detailed allocation of costs and charges incurred by each member and Facilities rendered by each member to any other member will be prepared and invoices for the amount due to any member or from any member will be prepared and forwarded on a monthly basis. Each member agrees to settle its accounts with any other member by the end of the month following the month in which which· an invoice was submitted.

Appears in 1 contract

Samples: Facilities Agreement (SBL Variable Annuity Account Xiv)

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Manner of Settlement. A detailed allocation of costs and charges incurred by each member and Facilities rendered by each member to any other member will be prepared and invoices for the amount due to any member or from any member will be prepared and forwarded on a monthly basis. basis Each member agrees to settle its accounts with any other member by the end of the month following the month in which an invoice was submitted.

Appears in 1 contract

Samples: Facilities Agreement (Variflex Ls)

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