Departing Members. A corporation whose membership in the GROUP OF COMPANIES ceases or is terminated for any reason whatsoever shall not have any further remedies, rights, or obligations under this AGREEMENT but shall remain liable under this AGREEMENT for payments due from it to other members of the GROUP OF COMPANIES through the date it ceases to be a member.
Appears in 4 contracts
Samples: Facilities Agreement (SBL Variable Annuity Account Xiv), Facilities Agreement (Variflex), Facilities Agreement (SBL Variable Annuity Account Xiv)
Departing Members. A corporation whose membership in the GROUP OF COMPANIES ceases or is terminated for or any reason whatsoever shall not have any further remedies, rights, or obligations under this AGREEMENT but shall remain liable under this AGREEMENT for payments due from it to other members of the GROUP OF COMPANIES through the date it ceases to be a member.
Appears in 1 contract
Samples: Facilities Agreement (Variflex)
Departing Members. A corporation whose membership in the GROUP OF COMPANIES ceases or is terminated for any reason whatsoever shall not have any further remedies, rights, or obligations under this AGREEMENT AGREE.MENT but shall remain liable under this AGREEMENT for payments due from it to other members of the GROUP OF COMPANIES through the date it ceases to be a member.
Appears in 1 contract
Samples: Facilities Agreement (Variflex Ls)
