Common use of Net Settlement Clause in Contracts

Net Settlement. Except as otherwise specifically provided herein, all amounts due to be paid on a Settlement Date to either the Ceding Company or the Reinsurer under this Agreement shall be determined and payable on a net basis, giving full effect to Section 14.05 hereof.

Appears in 2 contracts

Sources: Reinsurance Agreement, Reinsurance Agreement (Allstate Life Insurance Co)

Net Settlement. Except as otherwise specifically provided herein, all amounts due to be paid on a Settlement Date to either the Ceding Company or the Reinsurer under this Agreement shall be determined and payable on a net basis, giving full effect to Section 14.05 hereof.18.05

Appears in 1 contract

Sources: Coinsurance Agreement (Jnlny Separate Account I)