CONSENT TO CHANGES IN CEDING COMPANY PROCEDURES. The Ceding Company shall promptly notify the Reinsurer in writing of its intent to take any action which, if performed, would breach one or more of the covenants contained in paragraph 1. If the Reinsurer determines that such action would not adversely affect its economic interests under this Agreement, it shall consent in writing to the action by the Ceding Company.
Appears in 3 contracts
Samples: Automatic Indemnity Reinsurance Agreement (Lincoln New York Account N for Variable Annuities), Automatic Indemnity Reinsurance Agreement (Lincoln Life & Annuity Variable Annuity Account H), Automatic Indemnity Reinsurance Agreement (Lincoln Life Variable Annuity Account N)
CONSENT TO CHANGES IN CEDING COMPANY PROCEDURES. The Ceding Company shall promptly notify the Reinsurer in writing of its intent to take any action which, if performed, would breach one or more of the covenants contained in paragraph Article VII, Section 1. If the Reinsurer determines that such action would not adversely affect its economic interests under this Agreement, it shall consent in writing to the action by the Ceding Company.
Appears in 3 contracts
Samples: Automatic Indemnity Reinsurance Agreement (Lincoln Life & Annuity Variable Annuity Account H), Automatic Indemnity Reinsurance Agreement (Lincoln Life Variable Annuity Account N), Automatic Indemnity Reinsurance Agreement (Lincoln National Variable Annuity Account E)
CONSENT TO CHANGES IN CEDING COMPANY PROCEDURES. The Ceding Company shall promptly notify the Reinsurer in writing of its intent to take any action which, if performed, would breach one or more of the covenants contained in paragraph 1. If the Reinsurer determines that such action would not adversely affect its economic interests under this Agreement, it shall consent in writing to the action by the Ceding Company.Article
Appears in 1 contract
Samples: Automatic Indemnity Reinsurance Agreement (Lincoln National Variable Annuity Account C)
CONSENT TO CHANGES IN CEDING COMPANY PROCEDURES. The Ceding Company shall promptly notify the Reinsurer in writing of its intent to take any action which, if performed, would breach one or more of the covenants contained in paragraph Article VII, Section 1. If the Reinsurer determines that such action would not adversely affect its economic interests under this Agreement, it shall consent in writing to the action by the Ceding CompanyCompany and the Ceding Company shall proceed in due course with such action.
Appears in 1 contract
Samples: Automatic Indemnity Reinsurance Agreement (Lincoln Life Variable Annuity Account N)
