DAC Payment definition

DAC Payment has the meaning set forth in Section 8.15(a).
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Examples of DAC Payment in a sentence

  • If they do not reach agreement within 30 days after commencing negotiations, the parties shall promptly submit the items in dispute to the Accounting Arbitrator in accordance with the procedures set forth in Section 8.5(d) of this Agreement and the amount determined in accordance with such procedures shall constitute the agreed DAC Payment.

  • The DAC Payment shall be equal to the sum of (1) the excess if any of the Total 12/31/07 Tax Benefit over the Total 12/28/07 Tax Benefit for MLLIC plus (2) the excess if any of the Total 12/31/07 Tax Benefit over the Total 12/28/07 Tax Benefit for MLLICNY.

  • If the Seller agrees with the Buyer’s calculation or fails to deliver such written notice within such thirty (30) Business Days, the Buyer’s calculation with respect to the DAC Payment shall constitute the agreed DAC Payment.

  • Lessee shall also make the DAC Payment provided in the Work Letter.

  • If the Seller provides timely written notice to the Buyer of any disagreement with the Buyer’s calculations, the Seller and the Buyer shall negotiate in good faith to determine the agreed DAC Payment.