Ceding Company’s Obligation to Indemnify. The Ceding Company hereby indemnifies the Reinsurer and its directors, officers, employees, Affiliates, successors, permitted assigns, agents and representatives (collectively the "REINSURER INDEMNITEES") from and against and agrees to hold each of them harmless from any and all Losses incurred or suffered by Reinsurer Indemnitees arising out of or resulting from (a) any breach by the Ceding Company of any representation, warranty or term of this Agreement or (b) any litigation, claim, examination, investigation or other proceeding brought by a Person that is neither a party to this Agreement nor an Affiliate of such party, which if brought against the Ceding Company would be an Extra Contractual Obligation.
Appears in 3 contracts
Samples: Funds Withheld Coinsurance and Modified Coinsurance Agreement (Forethought Life Insurance Co Separate Account A), Coinsurance Agreement (Separate Account Va-K of Commonwealth Annuity & Life Insurance Co), Coinsurance Agreement (Separate Account Va-K of Commonwealth Annuity & Life Insurance Co)
Ceding Company’s Obligation to Indemnify. The Ceding Company hereby indemnifies the Reinsurer and its directors, officers, employees, Affiliates, successors, permitted assigns, agents and representatives (collectively collectively, the "REINSURER INDEMNITEES") from and against against, and agrees to hold each of them harmless from from, any and all Losses incurred or suffered by Reinsurer Indemnitees arising out of or resulting from (a) any breach by the Ceding Company of any representation, warranty or term of this Agreement or (b) any litigation, claim, examination, investigation or other proceeding brought by a Person that is neither a party to this Agreement nor an Affiliate of such party, which if brought against the Ceding Company would be an Extra Extra-Contractual Obligation.
Appears in 1 contract
Samples: Reinsurance Agreement (Forethought Life Insurance Co Separate Account A)
