Common use of Action by Parties Clause in Contracts

Action by Parties. The Recipient Party shall not commence any legal action or proceeding against a third party in respect of any unauthorized act within the meaning of Section 6.8 hereof purported to have been committed by the third party without the prior written consent of the Disclosing Party, which will not be unreasonably withheld.

Appears in 2 contracts

Samples: Master Services Agreement (Variable Account I of AGL of Delaware), Master Services Agreement (Variable Account I of AGL of Delaware)

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Action by Parties. The Recipient Party shall not commence any legal action or proceeding against a third party in respect of any unauthorized act within the meaning of Section 6.8 7.15 hereof purported to have been committed by the third party without the prior written consent of the Disclosing Party; provided, which will however, that if the Disclosing Party declines to provide such consent, the Recipient Party shall not be unreasonably withheldresponsible for any damages that subsequently result.

Appears in 1 contract

Samples: Master Agreement (Modern Woodmen of America Variable Annuity Account)

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Action by Parties. The Recipient Party shall not commence any legal action or proceeding against a third party in respect of any unauthorized act within the meaning of Section 6.8 hereof purported to have been committed by the third party without the prior written consent of the Disclosing Party; provided, which will however, that if the Disclosing Party declines to provide such consent, the Recipient Party shall not be unreasonably withheldresponsible for any damages that subsequently result.

Appears in 1 contract

Samples: Master Services Agreement (Delaware Life Variable Account I)

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