Quarterly Settlements. A. Within fifteen (15) days after the end of each Accounting Period, the Ceding Company will pay the Reinsurer the sum of: (i) the Reinsurance Premiums paid by the Ceding Company to the Reinsurer during the current Accounting Period, determined in accordance with Article II, Paragraph 2, plus (ii) any Modified Coinsurance Reserve Adjustment payable to the Reinsurer, determined in accordance with Article V, Paragraph 2, plus (iii) any Funds Withheld payable to the Reinsurer during the current Accounting Period in accordance with the terms of the Accounts Receivable Agreement, determined in accordance with Article II, Paragraph 3, item (ii).
Appears in 2 contracts
Samples: Reinsurance Agreement (North American Security Life Insurance Co), Reinsurance Agreement (Manufacturers Life Insurance Co of North America Sep Acc A)
Quarterly Settlements. A. Within fifteen (15) days after the end of each Accounting Period, the Ceding Company will pay the Reinsurer the sum of: (i) the Reinsurance Premiums paid by the Ceding Company to the Reinsurer during the current Accounting Period, determined in accordance with Article II, Paragraph 2, plus (ii) any Modified Coinsurance Reserve Adjustment payable to the Reinsurer, determined in accordance with Article V, Paragraph 2, plus (iii) any Funds Withheld payable to the Reinsurer during the current Accounting Period in accordance with the terms of the Accounts Receivable Agreement, determined in accordance with Article II, Paragraph 3, item (iiiv), plus (iv) any Supplemental Consideration payable during the current Accounting Period, determined in accordance with Article II, Paragraph 1.
Appears in 2 contracts
Samples: Reinsurance Agreement (Manufacturers Life Insurance Co of North America Sep Acc A), Reinsurance Agreement (North American Security Life Insurance Co)
