Accounting Period definition
Examples of Accounting Period in a sentence
The “ Modified Coinsurance [REDACTED] Adjustment” shall be calculated for each Accounting Period as (a) the Modified [REDACTED] Coinsurance Reserve as of the end of such Accounting Period minus (b) the Modified Coinsurance Reserve as of the end of the immediately preceding Accounting [REDACTED] Period, minus (c) the Investment Credit on Modified Coinsurance Assets for such Accounting Period.
Amounts due between the Parties for each Accounting Period in respect of Reinsurance Consideration, Reinsurance Benefits, Expense Allowance, the Modified Coinsurance Adjustment, and any other amounts due between the Parties, including adjustments for previously estimated items and preliminary settlements, shall be determined on a net basis, in each case as reported by the Ceding Company on the Accounting Report.
If the Reinsurance Consideration for the Accounting Period is a negative amount, the Reinsurer shall owe the absolute value of such amount in cash to the Ceding Company.
The Reinsurer shall owe the Ceding Company the Expense Allowance in cash for each Accounting Period.
If the Reinsurance Benefits for the Accounting Period is a positive amount, the Reinsurer shall owe such amount in cash to the Ceding Company.