Assignment or Transfer. In no event shall either the Reinsured or the Reinsurer assign any of its rights, duties or obligations under this Agreement without the prior written approval of the other party. Such approval shall not be unreasonably withheld. In no event shall either the Reinsured or the Reinsurer transfer either the policies reinsured under this Agreement or the reinsurance without the prior written approval of the other party. Such approval shall not be unreasonably withheld. Notwithstanding the prohibitions in this Article XI, paragraph 5., the Reinsurer may retrocede any portion of its liability hereunder.
Appears in 4 contracts
Samples: Reinsurance Agreement (Retirement Builder Variable Annuity Account), Reinsurance Agreement (Separate Account Va-2l), Reinsurance Agreement (Separate Account VA EE)
Assignment or Transfer. In no event shall either the Reinsured or the Reinsurer assign any of its rights, duties or obligations under this Agreement without the prior written approval of the other party. Such approval shall not unreasonably be unreasonably withheld. In no event shall either the Reinsured or the Reinsurer transfer either the policies reinsured under this Agreement or the reinsurance without the prior written approval of the other party. Such approval shall not unreasonably be unreasonably withheld. Notwithstanding the prohibitions in this Article XI, paragraph 5., This provision is not intended to preclude the Reinsurer may retrocede any portion of its liability hereunderfrom retroceding the reinsurance on an indemnity basis.
Appears in 3 contracts
Samples: Annuity Reinsurance Agreement (Metlife of Ct Separate Account Eleven for Variable Annuities), Annuity Reinsurance Agreement (Metlife of Ct Separate Account Eleven for Variable Annuities), Annuity Reinsurance Agreement (Metlife of Ct Separate Account Eleven for Variable Annuities)
Assignment or Transfer. In no event shall either the Reinsured or the Reinsurer assign any of its rights, duties or obligations under this Agreement without the prior written approval of the other partyParty. Such approval shall not be unreasonably withheld. FUV-011 β May 1, 2007 8 In no event shall either the Reinsured or the Reinsurer transfer either the policies reinsured under this Agreement or the reinsurance without the prior written approval of the other partyParty. Such approval shall not be unreasonably withheld. Notwithstanding the prohibitions in this Article XI, paragraph 5., the Reinsurer may retrocede any portion of its liability hereunder.
Appears in 3 contracts
Samples: Reinsurance Agreement (Separate Account Va C), Reinsurance Agreement (Separate Account Va B), Reinsurance Agreement (Separate Account Va X)
Assignment or Transfer. In no event shall either the Reinsured or the Reinsurer assign any of its rights, duties or obligations under this Agreement without the prior written approval of the other party. Such approval shall not unreasonably be unreasonably withheld. In no event shall either the Reinsured or the Reinsurer transfer either the policies reinsured Annuity Contracts Reinsured under this Agreement or the reinsurance without the prior written approval of the other party. Such approval shall not unreasonably be unreasonably withheld. Notwithstanding the prohibitions in this Article XI, paragraph 5., the Reinsurer may retrocede any portion of its liability hereunder.
Appears in 3 contracts
Samples: Reinsurance Agreement (WRL Series Annuity Account), Automatic Variable Annuity Reinsurance Agreement (Wma Corp), Reinsurance Agreement (Separate Account Va U)
Assignment or Transfer. In no event shall either the Reinsured or the Reinsurer assign any of its rights, duties or obligations under this Agreement without the prior written approval of the other party. Such approval shall not unreasonably be unreasonably withheld. In no event shall either the Reinsured or the Reinsurer transfer either the policies reinsured under this Agreement or the reinsurance without the prior written approval of the other party. Such approval shall not unreasonably be unreasonably withheld. Notwithstanding the prohibitions in this Article XI, paragraph 5., the Reinsurer may retrocede any portion of its liability hereunder.
Appears in 2 contracts
Samples: Automatic Annuity Reinsurance Agreement (ALAC Separate Account 1), Reinsurance Agreement (North American Security Life Insurance Co)
Assignment or Transfer. In no event shall either the Reinsured or the Reinsurer assign any of its rights, duties or obligations under this Agreement without the prior written approval of the other party. Such approval shall not unreasonably be unreasonably withheld. In no event shall either the Reinsured or the Reinsurer transfer either the policies Reinsured Plans reinsured under this Agreement or the reinsurance without the prior written approval of the other party. Such approval shall not unreasonably be unreasonably withheld. Notwithstanding the prohibitions in this Article XI, paragraph 5., the Reinsurer may retrocede any portion of its liability hereunder.
Appears in 2 contracts
Samples: Automatic Flexible Premium Variable Life Reinsurance Agreement (Wma Corp), Reinsurance Agreement (Wma Corp)
Assignment or Transfer. In no event shall either the Reinsured or the Reinsurer assign any of its rights, duties or obligations under this Agreement without the prior written approval of the other partyParty. Such approval shall not be unreasonably withheld. In no event shall either the Reinsured or the Reinsurer transfer either the policies reinsured under this Agreement or the reinsurance without the prior written approval of the other partyParty. Such approval shall not be unreasonably withheld. Notwithstanding the prohibitions in this Article XI, paragraph 5., the Reinsurer may retrocede any portion of its liability hereunder.
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