Common use of Action by Parties Clause in Contracts

Action by Parties. No Party shall commence any legal action or proceeding against a third party in respect of any Unauthorized Act purported to have been committed by the third party without the prior written consent of the other Party or Parties.

Appears in 2 contracts

Samples: Administrator Agreement (Separate Account Va-K of Commonwealth Annuity & Life Insurance Co), Third Party Administrator Agreement (Vel Ii Acct of State Mutual Life Assur Co of America)

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Action by Parties. No The Recipient Party shall not commence any legal action or proceeding against a third party in respect of any Unauthorized Act 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 other Party or PartiesDisclosing 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)

Action by Parties. No The Recipient Party shall not commence any legal action or proceeding against a third party in respect of any Unauthorized Act unauthorized act within the meaning of Section 7.15 hereof purported to have been committed by the third party without the prior written consent of the other Disclosing Party; provided, however, that if the Disclosing Party or Partiesdeclines to provide such consent, the Recipient Party shall not be responsible for any damages that subsequently result.

Appears in 1 contract

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

Action by Parties. No The Recipient Party shall not commence any legal action or proceeding against a third party in respect of any Unauthorized Act 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 other Disclosing Party; provided, however, that if the Disclosing Party or Partiesdeclines to provide such consent, the Recipient Party shall not be responsible for any damages that subsequently result.

Appears in 1 contract

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

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Action by Parties. No Party shall commence any legal action or proceeding against a third party in respect of any Unauthorized Act purported to have been committed by the third party without the prior written consent of the other Party or Parties.. 14.7

Appears in 1 contract

Samples: www.sec.gov

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