Common use of Duration of the Agreement Clause in Contracts

Duration of the Agreement. The duration of this Agreement will be unlimited. However, either party may terminate the Agreement for new business at any time by giving the other a 90-day prior written notice. THE REINSURER will continue to accept new reinsurance during the 90-day period. Existing reinsurance will not be affected by the termination of this Agreement with respect to new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policies on which the reinsurance is based and until THE REINSURER has fulfilled all of its obligations under this Agreement, provided that THE COMPANY continues to pay reinsurance premiums as described in the ‘PAYMENT OF REINSURANCE PREMIUMS’ section. However, existing reinsurance may be terminated in accordance with the recapture provision described in the ‘RECAPTURE’ section.

Appears in 7 contracts

Samples: Yearly Renewable Term Reinsurance Agreement (Pruco Life of New Jersey Variable Appreciable Account), Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Appreciable Account), Yearly Renewable Term Reinsurance Agreement (Pruco Life of New Jersey Variable Appreciable Account)

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Duration of the Agreement. The duration of this Agreement will be unlimited. However, either party may terminate the Agreement for new business at any time by giving the other a 90-day prior written notice. THE REINSURER will continue to accept new reinsurance during the 90-day period. Existing reinsurance will not be affected by the termination of this Agreement with respect to new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policies on which the reinsurance is based and until THE REINSURER has fulfilled fulfills all of its obligations under this Agreement, provided that THE COMPANY continues to pay reinsurance premiums as described in the ‘PAYMENT OF REINSURANCE PREMIUMS’ sectionSection 13. However, existing reinsurance may be terminated in accordance with the recapture provision described in the ‘RECAPTURE’ sectionSection 21.

Appears in 5 contracts

Samples: Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account), Reinsurance Agreement (Pruco Life Variable Universal Account), Reinsurance Agreement (Pruco Life Variable Universal Account)

Duration of the Agreement. The duration of this Agreement will be unlimited. However, either party may terminate the Agreement for new business at any time by giving the other a 90-day prior written notice. THE REINSURER will continue to accept new reinsurance during the 90-day period. Existing reinsurance will not be affected by the termination of this Agreement with respect to new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policies on which the reinsurance is based and until THE REINSURER has fulfilled fulfills all of its obligations under this Agreement, provided that THE COMPANY continues to pay reinsurance premiums as described in the ‘PAYMENT OF REINSURANCE PREMIUMS’ sectionSection 12. However, existing reinsurance may be terminated in accordance with the recapture provision described in the ‘RECAPTURE’ sectionSection 20.

Appears in 5 contracts

Samples: Reinsurance Agreement (Pruco Life Variable Universal Account), Reinsurance Agreement (Pruco Life of New Jersey Variable Appreciable Account), Reinsurance Agreement (Pruco Life Variable Universal Account)

Duration of the Agreement. The duration of this Agreement will be unlimited. However, either party may terminate the Agreement for new business at any time by giving the other a 90-day prior written notice. THE REINSURER will continue to accept new reinsurance during the 90-day period. Existing reinsurance will not be affected by the termination of this Agreement with respect to new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policies on which the reinsurance is based and until THE REINSURER has fulfilled fulfills all of its obligations under this Agreement, provided that THE COMPANY continues to pay reinsurance premiums as described in the ‘PAYMENT OF REINSURANCE PREMIUMS’ section. However, existing reinsurance may be terminated in accordance with the recapture provision described in the ‘RECAPTURE’ section.

Appears in 4 contracts

Samples: Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account), Yearly Renewable Term Reinsurance Agreement (Pruco Life of New Jersey Variable Appreciable Account), Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account)

Duration of the Agreement. The duration of this Agreement will be unlimited. However, either party may terminate the Agreement for new business at any time by giving the other a 90-day prior written notice. THE REINSURER will continue to accept new reinsurance during the 90-day period. Existing reinsurance will not be affected by the termination of this Agreement with respect to new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policies on which the reinsurance is based and until THE REINSURER has fulfilled all of its obligations under this Agreement, provided that THE COMPANY continues to pay reinsurance premiums as described in the ‘PAYMENT OF REINSURANCE PREMIUMS’ section. However, existing reinsurance may be terminated in accordance with the recapture provision described in the ‘RECAPTURE’ section.

Appears in 2 contracts

Samples: Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account), Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account)

Duration of the Agreement. The duration of this Agreement will be unlimited. However, either party may terminate the Agreement for new business at any time by giving the other a 90-day prior written notice. THE REINSURER will continue to accept new reinsurance during the 90-day period. Existing reinsurance will not be affected by the termination of this Agreement with respect to new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policies on which the reinsurance is based and until THE REINSURER has fulfilled fulfills all of its obligations under this Agreement, provided that THE COMPANY continues to pay reinsurance REINSURER has not terminated for non-payment of premiums as described in the ‘PAYMENT OF REINSURANCE PREMIUMS’ sectionSection 14. However, existing reinsurance may be terminated in accordance with the recapture provision described in the ‘RECAPTURE’ sectionSection 22.

Appears in 2 contracts

Samples: Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account), Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account)

Duration of the Agreement. The duration of this Agreement will be unlimited. However, either party may terminate the Agreement for new business at any time by giving the other a 90-day prior written notice. THE REINSURER will continue to accept new reinsurance during the 90-day period. Y-MPVUL-2005-GEN-M-PLAZ Existing reinsurance will not be affected by the termination of this Agreement with respect to new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policies on which the reinsurance is based and until THE REINSURER has fulfilled all of its obligations under this Agreement, provided that THE COMPANY continues to pay reinsurance premiums as described in the ‘PAYMENT OF REINSURANCE PREMIUMS’ section. However, existing reinsurance may be terminated in accordance with the recapture provision described in the ‘RECAPTURE’ section.

Appears in 1 contract

Samples: Reinsurance Agreement (Pruco Life Variable Universal Account)

Duration of the Agreement. The duration of this Agreement will be unlimited. However, either party may terminate the Agreement for new business at any time by giving the other a 90-day prior written notice. THE REINSURER will continue to accept new reinsurance during the 90-day period. Existing reinsurance will not be affected by the termination of this Agreement with respect to new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policies on which the reinsurance is based and until THE REINSURER has fulfilled fulfills all of its obligations under this Agreement, provided that THE COMPANY continues to pay reinsurance premiums as described in the ‘PAYMENT OF REINSURANCE PREMIUMS’ section13. However, existing reinsurance may be terminated in accordance with the recapture provision described in the ‘RECAPTURE’ section.Section 21. Y-UL/VUL II – 2005 – RGA - PICA

Appears in 1 contract

Samples: Reinsurance Agreement (Pruco Life of New Jersey Variable Appreciable Account)

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Duration of the Agreement. The duration of this Agreement will be unlimited. However, either party may terminate the Agreement for new business at any time by giving the other a 90-day prior written notice. THE REINSURER will continue to accept new reinsurance during the 90-day period. Existing reinsurance will not be affected by the termination of this Agreement with respect to new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policies on which the reinsurance is based and until THE REINSURER has fulfilled fulfills all of its obligations under this Agreement, provided that THE COMPANY continues to pay reinsurance premiums as described in the ‘PAYMENT OF REINSURANCE PREMIUMS’ sectionSection 12. However, existing reinsurance may be terminated in accordance with the recapture provision described in the ‘RECAPTURE’ sectionSection 21.

Appears in 1 contract

Samples: Reinsurance Agreement (Pruco Life of New Jersey Variable Appreciable Account)

Duration of the Agreement. The duration of this Agreement will be unlimited. However, either party may terminate the Agreement for new business at any time by giving the other a 90-day prior written notice. THE REINSURER will continue to accept new reinsurance during the 90-day period. Existing reinsurance will not be affected by the termination of this Agreement with respect to new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policies on which the reinsurance is based and until THE REINSURER has fulfilled fulfills all of its obligations under this Agreement, provided that THE COMPANY continues to pay reinsurance premiums as described in the ‘PAYMENT OF REINSURANCE PREMIUMS’ sectionSection 11. However, existing reinsurance may be terminated in accordance with the recapture provision described in the ‘RECAPTURE’ sectionSection 24.

Appears in 1 contract

Samples: Modified Coinsurance Agreement (Pruco Life Variable Universal Account)

Duration of the Agreement. The duration of this Agreement will be unlimited. However, either party may terminate the Agreement for new business at any time by giving the other a 90-day prior written notice. THE REINSURER will continue to accept new reinsurance during the 90-day period. Y-MPVUL-2005-GEN-P-PLAZ Existing reinsurance will not be affected by the termination of this Agreement with respect to new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policies on which the reinsurance is based and until THE REINSURER has fulfilled all of its obligations under this Agreement, provided that THE COMPANY continues to pay reinsurance premiums as described in the ‘PAYMENT OF REINSURANCE PREMIUMS’ section. However, existing reinsurance may be terminated in accordance with the recapture provision described in the ‘RECAPTURE’ section.

Appears in 1 contract

Samples: Reinsurance Agreement (Pruco Life Variable Universal Account)

Duration of the Agreement. The duration of this Agreement will be unlimited. However, either party may terminate the Agreement for new business issues at any time by giving the other a 90-day party ninety days prior written notice. THE REINSURER You will continue to accept new reinsurance during the 90ninety-day period. Existing reinsurance will not be affected by the termination of this Agreement with respect to for new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policies policy on which the reinsurance is based and until THE REINSURER has fulfilled all of its obligations under this Agreementbased, provided that THE COMPANY as long as the Company continues to pay reinsurance premiums as described shown in the ‘PAYMENT OF REINSURANCE PREMIUMS’ section. HoweverArticle V (Reinsurance Premium Rates and Payment), existing reinsurance may be unless otherwise terminated in accordance with the recapture provision described in terms of this Agreement. However, the ‘RECAPTURE’ sectionReinsurer will not be held liable for any claims or premium refunds which are not reported to the Reinsurer within one hundred eighty days following the termination or expiry of the last cession remaining reinsured under this Agreement.

Appears in 1 contract

Samples: Automatic Yrt Reinsurance Agreement (Phlvic Variable Universal Life Account)

Duration of the Agreement. The duration of this Agreement will be unlimited. However, either party may terminate the Agreement for new business at any time by giving the other a 90-day prior written notice. THE REINSURER will continue to accept new reinsurance during the 90-day period. Existing reinsurance will not be affected by the termination of this Agreement with respect to new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policies on which the reinsurance is based and until THE REINSURER has fulfilled all of its obligations under this Agreement, provided that THE COMPANY continues to pay reinsurance premiums as described in the ‘PAYMENT OF REINSURANCE PREMIUMS’ section. However, existing reinsurance may be terminated in accordance with the recapture provision described in the ‘RECAPTURE’ section.[Missing Graphic Reference]

Appears in 1 contract

Samples: Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account)

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