Examples of Terminal Accounting Date in a sentence
Each "Accounting Period" under this Agreement shall be monthly, except that: (a) the initial Accounting Period runs from the date of this Agreement through the last day of the calendar month during which the date of this Agreement falls, and (b) the final Accounting Period runs from the end of the preceding Accounting Period until the Terminal Accounting Date of this Agreement, as described in Article IX, Paragraph 2.
A "Terminal Accounting Date" shall be the earliest of: (1) the effective date of recapture pursuant to any notice of recapture given under this Agreement; (2) the effective date of termination pursuant to any notice of termination given under this Agreement; or (3) such other date mutually agreed in writing.
The term “Accounting Period,” as used in this Agreement, shall mean a calendar quarter, except that: (a) the initial Accounting Period shall run from the Effective Date through the last day of the calendar quarter during which the Effective Date falls and (b) the final Accounting Period shall run from the end of the preceding Accounting Period until the Terminal Accounting Date (as defined in Article VIII, Paragraph 2).
During the period between the termination of this Agreement and the Terminal Accounting Date, Direct Paid Claims that accrued prior to the termination of this Agreement shall continue to be paid, and Reserves shall continue to be held, in accordance with the terms set forth herein.
A "Terminal Accounting Date" shall be the ------------------------ earliest of: (1) the effective date of recapture pursuant to any notice of recapture given under this Agreement; (2) the effective date of termination pursuant to any notice of termination given under this Agreement; or (3) such other date mutually agreed in writing.
The Terminal Accounting Date will be 120 days after the date of termination.
Reinsurer shall provide the calculation of the final settlement amount to NML or its rehabilitator, receiver, or liquidator within 120 days of the Terminal Accounting Date.
Each "Accounting Period" under this Agreement shall be ----------------- a calendar quarter, except that: (a) the initial Accounting Period runs from the Effective Date through the last day of the calendar quarter during which the Effective Date falls, and (b) the final Accounting Period runs from the end of the preceding Accounting Period until the Terminal Accounting Date of this Agreement, as described in Article VIII, Paragraph 2.
Upon completion of the settlement, Reinsurer will be released from all its liabilities under the Agreement effective as of the Terminal Accounting Date, including but not limited to, the payment of any claim, benefit, or loss under the Agreement, notwithstanding the date any such claim, benefit, or loss may be incurred, if known to NML at time of Terminal Accounting Date.
If NML or its rehabilitator, receiver, or liquidator validates the final settlement amount, it shall be paid on 181st day following the Terminal Accounting Date.