Quarterly Settlements. A. Within forty five (45) days after the end of each Accounting Period, the Ceding Company will pay the Reinsurer the sum of:
Quarterly Settlements a) Within sixty (60) days after the end of each Accounting Period, the Ceding Company will pay the Reinsurer the sum of: i) Reinsurance Premiums, determined in accordance with Article II, plus ii) the Fee Payments, determined in accordance with Article IV, plus iii) any Modified Coinsurance Reserve Adjustment payable to the Reinsurer, determined in accordance with Article VI, Paragraph 1), plus iv) any adjustments to the Reinsurer for Transfers Involving the Fixed Account determined in accordance with Article VII Paragraph 1). b) Simultaneously, the Reinsurer will pay the Ceding Company the sum of: i) the amount of Benefit Payments, as described in Article V, plus ii) the Allowance for Commissions and Expenses, determined in accordance with Article III, plus iii) any Modified Coinsurance Reserve Adjustment payable to the Ceding Company, determined in accordance with Article VI, Paragraph 1), plus iv) any adjustments to the Ceding Company for Transfers Involving the Fixed Account, determined in accordance with Article VII Paragraph 2). c) Simultaneously, the Ceding Company will transfer the increase in the CARVM Allowance of the Reinsured Policies to the Reinsurer. The Reinsurer will transfer an equal amount of mutually acceptable assets to the Ceding Company.
Quarterly Settlements. (a) At the end of each Accounting Period, the Ceding Company shall pay the Reinsurer the sum of:
Quarterly Settlements. A. Within fifteen (15) days after the end of each Accounting Period, the Ceding Company will pay the Reinsurer the sum of: (i) the Reinsurance Premiums paid by the Ceding Company to the Reinsurer during the current Accounting Period, determined in accordance with Article II, Paragraph 2, plus (ii) any Modified Coinsurance Reserve Adjustment payable to the Reinsurer, determined in accordance with Article V, Paragraph 2, plus (iii) any Funds Withheld payable to the Reinsurer during the current Accounting Period in accordance with the terms of the Accounts Receivable Agreement, determined in accordance with Article II, Paragraph 3, item (iv), plus (iv) any Supplemental Consideration payable during the current Accounting Period, determined in accordance with Article II, Paragraph 1.
Quarterly Settlements. (a) The first Quarterly Accounting Period under this Agreement shall commence on the Effective Date and end on the last day of the Quarterly Accounting Period in which this Agreement is executed. With respect to the Quarterly Accounting Period during which the applicable termination effective date occurs, the Quarterly Accounting Period shall commence on the beginning of the Quarterly Accounting Period in which the applicable termination effective date occurs and end on such termination date.
Quarterly Settlements. Based upon the Quarterly Accounting Reports, including Schedules C and E, settlement payment shall be made to the Company or Reinsurer, as the case may be, within 45 calendar days from the end of such quarter. If such reports or schedules are not finalized within this time frame, a reasonable estimated payment shall be made followed by an adjustment payment. The Quarterly Settlement payment shall represent settlement, net of any interim reimbursements or other related settlement payments, of all amounts due during that quarter and any mutually agreed upon adjustments to prior periods. The quarterly calculation of this payment shall be substantially in the form of Schedule E with any positive amounts listed on Line 24 of such Schedule being payable from the Reinsurer to the Company and any negative amounts being payable from the Company to the Reinsurer. For the purpose of calculating interest on delayed payments relating to this quarterly settlement payment, the parties agree that the due date is the 15th day (unless such 15th day falls on a day other than a Business Day, in which case the due date is the Business Day immediately preceding such 15th day) of the middle month of the settlement quarter unless otherwise mutually agreed.
Quarterly Settlements. A. Within fifteen (15) days after the end of each Accounting Period, the Ceding Company will pay the Reinsurer the sum of: (i) the Reinsurance Premiums determined in accordance with Article II, Paragraph 2, plus (ii) any Modified Coinsurance Reserve Adjustment payable to the Reinsurer determined in accordance with Article V, Paragraph 2, plus (iii) any Funds Withheld payable to the Reinsurer during the current Accounting Period in accordance with the terms of the Accounts Receivable Agreement determined in accordance with Article II, Paragraph 3, item (ii).
Quarterly Settlements. (a) If the "
Quarterly Settlements. A. The Ceding Company will withhold on behalf of the Reinsurer an amount equal to the Experience Refund Account determined in accordance with Article VII, Paragraph 3 (herein referred to as the "Amount Withheld by Ceding Company"). The Amount Withheld by Ceding Company will be credited to the Reinsurer and will be considered as an amount held on behalf of the Reinsurer. The Reinsurer will consider such amount as a receivable and subject to future adjustments as provided below. Within fifteen (15) days after the end of each Accounting Period, the Ceding Company will adjust the Amount Withheld by Ceding Company, as described above, by an amount calculated as follows:
