Defenses. The Reinsurer accepts, reinsures and assumes the Reinsured Risks subject to any and all defenses, set-offs and counterclaims to which the Ceding Company would be entitled with respect to the Reinsured Risks, it being expressly understood and agreed to by the Parties hereto that no such defenses, set-offs, or counterclaims are or shall be waived by the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby and that the Reinsurer is and shall be fully subrogated in and to all such defenses, set-offs and counterclaims.
Appears in 20 contracts
Samples: Coinsurance and Modified Coinsurance Agreement (Metropolitan Tower Separate Account Two), Coinsurance and Modified Coinsurance Agreement (Metropolitan Life Separate Account E), Coinsurance and Modified Coinsurance Agreement (Metropolitan Life Separate Account E)
Defenses. The Reinsurer accepts, reinsures reinsures, and assumes the Reinsured Risks Policy Liabilities subject to any and all defenses, set-offs setoffs, and counterclaims to which the Ceding Company would be entitled with respect to the Reinsured RisksPolicy Liabilities, it being expressly understood and agreed to by the Parties parties hereto that no such defenses, set-offssetoffs, or counterclaims are or shall be waived by the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby and that the Reinsurer is and shall be fully subrogated in and to all such defenses, set-offs setoffs, and counterclaims.
Appears in 6 contracts
Samples: Coinsurance Agreement (Jackson VFL Variable Annuity Separate Account), Coinsurance Agreement (Jackson VFL Variable Life Separate Account), Coinsurance Agreement (Jackson VFL Variable Life Separate Account)
Defenses. The Reinsurer accepts, reinsures and assumes the Reinsured Risks subject to any and all defenses, set-offs and counterclaims to which the Ceding Company would be entitled with respect to the Reinsured Risks, it being expressly understood and agreed to by the Parties hereto that no such defenses, set-offs, or counterclaims are or shall be waived by the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby and that the Reinsurer is and shall be fully subrogated in and to all such defenses, set-offs and counterclaims.
Appears in 4 contracts
Samples: Reinsurance Agreement, Reinsurance Agreement (Allstate Corp), Stock Purchase Agreement (Allstate Corp)
Defenses. The Reinsurer accepts, reinsures and assumes the Reinsured Risks subject to any and all defenses, set-offs setoffs and counterclaims to which the Ceding Company would be entitled with respect to the Reinsured Risks, it being expressly understood and agreed to by the Parties parties hereto that no such defenses, set-offssetoffs, or counterclaims are or shall be waived by the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby and that the Reinsurer is and shall be fully subrogated in and to all such defenses, set-offs setoffs and counterclaims.
Appears in 2 contracts
Samples: Indemnity Reinsurance Agreement (Allstate Financial Advisors Separate Account I), Indemnity Reinsurance Agreement (Allstate Life of New York Separate Account A)
Defenses. The Reinsurer accepts, reinsures and assumes the Reinsured Risks subject to any and all defenses, set-offs and counterclaims to which the Ceding Company would be entitled with respect to the Reinsured Risks, it being expressly understood and agreed to by the Parties hereto that no such defenses, set-offs, offs or counterclaims are or shall be waived by the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby and that the Reinsurer is and shall be fully subrogated in and to all such defenses, set-offs and counterclaims.
Appears in 1 contract
Samples: Coinsurance and Modified Coinsurance Agreement (Farmers Annuity Separate Account A)
Defenses. The Subject to the terms, conditions, and limits of this Agreement, the Reinsurer accepts, accepts and reinsures and assumes the Reinsured Risks subject Liabilities, it being expressly understood and agreed to any and all by the Parties that no defenses, set-offs and offs, or counterclaims to which the Ceding Company would be entitled with respect to the Reinsured Risks, it being expressly understood and agreed to by the Parties hereto that no such defenses, set-offs, or counterclaims Liabilities are or shall be waived by the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby and that the Reinsurer is and shall be fully subrogated in and to all such defenses, set-offs and counterclaims.
Appears in 1 contract
Samples: Reinsurance Agreement (Talcott Resolution Life Insurance Co Separate Account Two Dc Var Ac Ii)
Defenses. The Reinsurer accepts, reinsures and assumes the Reinsured Risks subject to any and all defenses, set-offs and counterclaims to which the Ceding Company would be entitled with respect to the Reinsured Risks, it being expressly understood and agreed to by the Parties hereto that no such defenses, set-offs, or counterclaims are or shall be waived by the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby and that the Reinsurer is and shall be fully subrogated to the extent of its Quota Share in and to all such defenses, set-offs and counterclaims.
Appears in 1 contract
