Common use of Definition of Insolvency Clause in Contracts

Definition of Insolvency. For purposes of this Agreement, the Company or the Reinsurer shall be deemed insolvent if:

Appears in 6 contracts

Samples: Reinsurance Agreement (Nationwide VLI Separate Account-7), The Agreement (Llac Variable Account), Automatic Yearly Renewable Term Reinsurance Agreement (Nationwide Provident Vli Separate Account 1)

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Definition of Insolvency. For The Company shall be deemed to be "insolvent" for purposes of this Agreement, Agreement upon the Company or occurrence of any of the Reinsurer shall be deemed insolvent iffollowing:

Appears in 1 contract

Samples: Payment Plans Trust Agreement (Chase Corp)

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