Common use of Continuity of Services Clause in Contracts

Continuity of Services. If Insurance Company is subject to supervision, seizure, conservatorship or receivership, 1851 will continue to maintain any systems, programs or other infrastructure, notwithstanding such supervision, seizure, conservatorship or receivership of the Insurance Company, and will make them available to the receiver or superintendent as ordered or directed by the receiver or superintendent for so long as 1851 continues to receive timely payment for post-receivership services rendered, and unless released by the receiver, superintendent or supervising court.

Appears in 26 contracts

Samples: Principal Underwriting Agreement (Delaware Life Ny Variable Account C), Principal Underwriting Agreement (Delaware Life Ny Variable Account D), Principal Underwriting Agreement (Delaware Life Ny Variable Account C)

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