REPORTS AND PAYMENT DATES Clause Samples
The "Reports and Payment Dates" clause establishes the obligations and schedule for submitting reports and making payments between parties. Typically, it specifies the types of reports required (such as sales or usage reports), the format and frequency of these reports, and the deadlines for corresponding payments. By clearly outlining when and how information and funds must be exchanged, this clause ensures timely compliance and helps prevent disputes over late or missing payments.
REPORTS AND PAYMENT DATES a) Not later than [number (#)] days after the end of each [time period], The Equitable shall submit Reports in accord with Schedule IV to the Reinsurer.
b) Not later than [number (#)] days after the end of each calendar year, The Equitable shall submit Reports in accord with Schedule IV to the Reinsurer indicating the recalculated Quota Share Percentage for premium production in that year and necessary adjustments as a result of the recalculated Quota Share Percentage.
c) Not later than [number (#)]days after the receipt of any Report, any amounts indicated in such Report as being due to The Equitable shall be paid by the Reinsurer and any amounts indicated as being due to the Reinsurer shall be paid by The Equitable. In the event that actual numbers are not available, reasonable estimates will be used and appropriate adjustments will be made within [number (#)] days or on the next report and payment date set forth above, whichever is sooner.
REPORTS AND PAYMENT DATES. 3 3 OFFSET...............................................................
REPORTS AND PAYMENT DATES a) Not later than fifteen (15) days after the end of each calendar month, First Golden shall submit Monthly Reports by electronic or other suitable means in accord with Schedule IV to the Reinsurer.
b) Not later than fifteen (15) days after the end of each calendar quarter, First Golden shall submit Quarterly Reports by electronic or other suitable means in accord with Schedule IV to the Reinsurer.
c) Not later than fifteen (15) days after the receipt of any Monthly Report, any net amounts indicated in such Monthly Report as being due to First Golden shall be paid by the Reinsurer and any net amounts indicated as being due to the Reinsurer shall be paid by First Golden.
d) Not later than thirty (30) days after the end of each calendar year, First Golden shall provide to the Reinsurer a listing of changes made to the contract forms and/or funds (including additions, deletions, revisions, and manager changes) over the past year. In the event that actual numbers are not available, reasonable estimates will be used and appropriate adjustments will be made within 30 days or on the next report and payment date set forth above, whichever is sooner.
REPORTS AND PAYMENT DATES a) Not later than fifteen (15) days after the end of each calendar month, ReliaStar of NY shall submit Monthly Reports by electronic or other suitable means in accord with Schedule IV to the Reinsurer.
b) Not later than fifteen (15) days after the end of each calendar quarter, ReliaStar of NY shall submit Quarterly Reports by electronic or other suitable means in accord with Schedule IV to the Reinsurer.
c) Not later than fifteen (15) days after the receipt of any Monthly Report, any net amounts indicated in such Monthly Report as being due to ReliaStar of NY shall be paid by the Reinsurer and any net amounts indicated as being due to the Reinsurer shall be paid by ReliaStar of NY.
d) Not later than thirty (30) days after the end of each calendar year, ReliaStar of NY shall provide to the Reinsurer a listing of changes made to the contract forms and/or funds (including additions, deletions, revisions, and manager changes) over the past year. In the event that actual numbers are not available, reasonable estimates will be used and appropriate adjustments will be made within 30 days or on the next report and payment date set forth above, whichever is sooner.