Common use of Ceding Company’s Obligation to Indemnify Clause in Contracts

Ceding Company’s Obligation to Indemnify. Without duplication under the Master Transaction Agreement or any other Ancillary Agreements, the Ceding Company hereby agrees to indemnify, defend and hold harmless the Reinsurer and its Affiliates and each of their respective officers, directors, stockholders, employees, representatives, successors and assigns (collectively, the “Reinsurer Indemnified Parties”) from and against any and all Losses incurred, sustained or suffered by or imposed upon the Reinsurer Indemnified Parties to the extent resulting from, arising out of or relating to (a) any breach or nonfulfillment by the Ceding Company of, or any failure by the Ceding Company to perform, any of the covenants, terms or conditions of or any of its duties or obligations under this Agreement or (b) the Excluded Liabilities. - 29 - 46445052.5 1007063901v8

Appears in 2 contracts

Samples: Reinsurance Agreement (Prudential Discovery Premier Group Variable Contract Account), Reinsurance Agreement (Prudential Discovery Select Group Variable Contract Account)

AutoNDA by SimpleDocs

Ceding Company’s Obligation to Indemnify. Without duplication under the Master Transaction Agreement or any other Ancillary Agreements, the Ceding Company hereby agrees to indemnify, defend and hold harmless the Reinsurer and its Affiliates and each of their respective officers, directors, stockholders, employees, representatives, successors and assigns (collectively, the “Reinsurer Indemnified Parties”) from and against any and all Losses incurred, sustained or suffered by or imposed upon the Reinsurer Indemnified Parties to the extent resulting from, arising out of or relating to (a) any breach or nonfulfillment by the Ceding Company of, or any failure by the Ceding Company to perform, any of the covenants, terms or conditions of or any of its duties or obligations under this Agreement or (b) the Excluded Liabilities. - 29 - 46445052.5 1007063901v8.

Appears in 2 contracts

Samples: Reinsurance Agreement (Prudential Discovery Select Group Variable Contract Account), Reinsurance Agreement (Prudential Discovery Premier Group Variable Contract Account)

AutoNDA by SimpleDocs

Ceding Company’s Obligation to Indemnify. Without duplication under any of the Master Transaction Agreement or any other Ancillary Agreements, from and after the Effective Time, the Ceding Company hereby agrees to indemnify, defend and hold harmless the Reinsurer and Reinsurer, its Affiliates and each of their respective officers, directors, stockholders, employees, representatives, Representatives and their respective successors and assigns permitted assignees (collectively, the “Reinsurer Indemnified Parties”) from and against any and all Losses incurredimposed on, sustained sustained, incurred or suffered by or imposed upon any of the Reinsurer Indemnified Parties to the extent resulting from, arising out of or from, relating to or in connection with (a) any breach or nonfulfillment by the Ceding Company of, or any failure by of the covenants and agreements of the Ceding Company to perform, any of the covenants, terms or conditions of or any of its duties or obligations under contained in this Agreement or (b) the Excluded Liabilities. - 29 - 46445052.5 1007063901v8.

Appears in 1 contract

Samples: Reinsurance Agreement (Talcott Resolution Life Insurance Co Separate Account Two Dc Var Ac Ii)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!