Assignment of Reinsurance. If either the ceding company or The Guardian proposes to sell, assumption reinsure or otherwise assist in the transfer of the policies or risks that are reinsured under this Agreement to any third party, it shall require that the third party agree in writing to an assignment of all rights and obligations of the ceding company or The Guardian under this Agreement. Either party may object to any assignment that would result in a material adverse economic impact to that party. If The Guardian objects to an assignment on this basis by the ceding company, the ceding company and The Guardian shall mutually agree on a termination charge which shall be paid by the ceding company to The Guardian. If the ceding company objects to an assignment on this basis by The Guardian, the ceding company may have the option to terminate the reinsurance effective the date of such assignment without a termination charge.
Assignment of Reinsurance. If the REINSURED proposes to sell, assumption reinsure or otherwise transfer the Policies or risks that are reinsured under this Agreement to any third party, it shall require that the third party agree in writing to an assignment of all rights and obligations of the REINSURED under this Agreement. The REINSURER may object to any assignment that would result in a material adverse economic impact to the REINSURER. If the REINSURER objects to an assignment on this basis, the REINSURED and the REINSURER shall mutually agree on a termination charge which shall be paid by the REINSURED to the REINSURER.
Assignment of Reinsurance. If SAFECO sells, assumption reinsures or otherwise transfers the Policies to another insurer, it agrees to require that the other insurer assumes all rights and obligations of SAFECO under this Agreement. Lincoln may object to any such transfer that would result in a material adverse economic impact to Lincoln. If Lincoln so objects, SAFECO and Lincoln agree to mutually calculate a termination charge that shall be paid by SAFECO to Lincoln upon the transfer, and this Agreement shall be terminated with respect to all Policies transferred by SAFECO.
Assignment of Reinsurance. If Ameritas Variable sells, assumption reinsures or otherwise transfers the Policies to another insurer, it agrees to require that the other insurer assume all rights and obligations of Ameritas Variable under this Agreement.
Assignment of Reinsurance. If the Company sells, assumption reinsures or otherwise transfers the Reinsured Plans to another insurer, the Company agrees to require that the other insurer assume all rights and obligations of the Company under this Agreement. Reinsurer may object to any such transfer that would result in a material adverse economic impact to Reinsurer. If Reinsurer so objects, Company and Reinsurer agree to mutually calculate a termination charge which shall be paid by Company to Reinsurer upon the transfer and this Agreement shall be terminated with respect to all Reinsured Plans transferred by Company.
Assignment of Reinsurance. If Farm Bureau sells, assumption reinsures or otherwise transfers the Policies to another insurer, it agrees to require that the other insurer assume all rights and obligations of Farm Bureau under this Agreement. Lincoln may object to any such transfer that would result in a material adverse economic impact to Lincoln. If Lincoln so objects, Farm Bureau and Lincoln agree to mutually calculate a termination charge that shall be paid by Farm Bureau to Lincoln upon the transfer and this Agreement shall be terminated with respect to all Policies transferred by Farm Bureau.
Assignment of Reinsurance. If Security Equity sells, assumption reinsures or otherwise transfers the Policies to another insurer, it agrees to require that the other insurer assume all rights and obligations of Security Equity under this Agreement. Lincoln may object to any such transfer that would result in a material adverse economic impact to Lincoln. If Lincoln so objects, Security Equity and Lincoln agree to mutually calculate a termination charge that shall be paid by Security Equity to Lincoln upon the transfer and this Agreement shall be terminated with respect to all Policies transferred by Security Equity.
Assignment of Reinsurance. If Life Investors sells, assumption reinsures or otherwise transfers the Policies to another insurer, it agrees to require that the other insurer assume all rights and obligations of Life Investors under this Agreement. Lincoln may object to any such transfer that would result in a material adverse economic impact to Lincoln. If Lincoln so objects, Life Investors and Lincoln agree to mutually calculate a termination charge that shall be paid by Life Investors to Lincoln upon the transfer and this Agreement shall be terminate with respect to all Policies transferred by Life Investors.
Assignment of Reinsurance. If the REINSURED proposes to sell, assumption reinsure or otherwise assist in the transfer of the policies or risks that are reinsured under this Agreement to any third party, it shall require that the third party agree in writing to an assignment of all rights and obligations of the REINSURED under this Agreement. _______ may object to any assignment that would result in a material adverse economic impact to _______. If _______ objects to an assignment on this basis, the REINSURED and _______ shall mutually agree on a termination charge which shall be paid by the REINSURED to _______.
Assignment of Reinsurance. If Principal Life sells, assumption reinsures or otherwise transfers the Policies to another insurer, Principal Life agrees to require that the other insurer assume all rights and obligations of Principal Life under this Agreement. XYZ RE may object to any such transfer that would result in a material adverse economic impact to XYZ RE. If XYZ RE so objects, Principal Life and XYZ RE agree to mutually calculate a termination charge that shall be paid by Principal Life to XYZ RE upon the transfer and this Agreement shall be terminated with respect to all Policies transferred by Principal Life.
