Common use of Amendment, Waiver and Other Matters Clause in Contracts

Amendment, Waiver and Other Matters. Neither this Agreement, nor any provision hereof, may be amended, waived, modified or terminated in any manner except by a written instrument properly authorized and executed by all parties hereto. The rights, remedies and obligations contained in this Agreement are cumulative and are in addition to any and all rights, remedies and obligations, at law or in equity, which the parties hereto are entitled to under state and federal laws. The parties hereto acknowledge that the arrangement contemplated by this Agreement is not exclusive. The Portfolios may be sold to other insurance companies and other persons and the Variable Contracts may be invested in other investment companies.