Common use of Cancellation of Agreements Clause in Contracts

Cancellation of Agreements. Torchmark and the Company agree, on their own behalf and on behalf of the other members of their respective Group, that each and every agreement, arrangement, commitment or understanding, whether or not in writing, by or among any such parties except this Agreement, the agreements specifically identified in this Article VIII, and the agreements set forth on Exhibit N, shall be canceled and of no further effect as of the Public Offering Date. Each party shall, at the reasonable request of the other party, take, or cause to be taken, such other actions as may be necessary to effect the foregoing. Notwithstanding the foregoing, neither party shall be relieved from any obligations or liabilities accruing prior to the Public Officering Date by any member of the Company Group or any member of the Torchmark Group, as the case may be, which obligations or liabilities shall be paid or satisfied consistent with past practices.

Cancellation of Agreements. Torchmark and the Company -------------------------- agree, on their own behalf and on behalf of the other members of their respective Group, that each and every agreement, arrangement, commitment or understanding, whether or not in writing, by or among any such parties except this Agreement, the agreements specifically identified in this Article VIII, and the agreements set forth on Exhibit NM, shall be canceled and of no further --------- effect as of the Public Offering Date. Each party shall, at the reasonable request of the other party, take, or cause to be taken, such other actions as may be necessary to effect the foregoing. Notwithstanding the foregoing, neither party shall be relieved from any obligations or liabilities accruing prior to the Public Officering Date by any member of the Company Group or any member of the Torchmark Group, as the case may be, which obligations or liabilities shall be paid or satisfied consistent with past practices.

Cancellation of Agreements. Torchmark and the Company -------------------------- agree, on their own behalf and on behalf of the other members of their respective Group, that each and every agreement, arrangement, commitment or understanding, whether or not in writing, by or among any such parties except this Agreement, the agreements specifically identified in this Article VIII, and the agreements set forth on Exhibit N, shall be canceled and of no further --------- effect as of the Public Offering Date. Each party shall, at the reasonable request of the other party, take, or cause to be taken, such other actions as may be necessary to effect the foregoing. Notwithstanding the foregoing, neither party shall be relieved from any obligations or liabilities accruing prior to the Public Officering Offering Date by any member of the Company Group or any member of the Torchmark Group, as the case may be, which obligations or liabilities shall be paid or satisfied consistent with past practices.