Common use of REPORTS AND PAYMENT DATES Clause in Contracts

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.