GOOD FAITH AND FINANCIAL SOLVENCY. This Agreement is entered into in reliance on the utmost good faith of the parties including, for example, their representations and disclosures. It requires the continuing utmost good faith of the parties, their representatives, successors, and assigns.
Appears in 8 contracts
Samples: Automatic and Facultative Yrt Agreement (Massachusetts Mutual Variable Life Separate Account I), Automatic/Facultative Yrt Agreement (Massachusetts Mutual Variable Life Separate Account I), Automatic Yrt Agreement (Massachusetts Mutual Variable Life Separate Account I)
GOOD FAITH AND FINANCIAL SOLVENCY. This Agreement is entered into in reliance on the utmost good faith of the parties including, for example, their representations and disclosures. It requires the continuing utmost good faith of the parties, their representatives, successors, and assigns. Each party represents and warrants to the other party that it is solvent on a statutory basis in all states in which it does business or is licensed. Each party will promptly notify the other if it is subsequently financially impaired.
Appears in 3 contracts
Samples: Automatic Yrt Agreement (Massachusetts Mutual Variable Life Separate Account I), Automatic Yrt Agreement (Massachusetts Mutual Variable Life Separate Account I), Automatic and Facultative Yrt Agreement (Massachusetts Mutual Variable Life Separate Account I)
GOOD FAITH AND FINANCIAL SOLVENCY. A. This Agreement is entered into in reliance on the utmost good faith of the parties including, for example, their representations and disclosuresdisclosures as expressly set forth in this agreement. It requires the continuing utmost good faith of the parties, their representatives, successors, and assignsassigns in the performance of this Agreement.
B. Each party represents and warrants that it is solvent on a statutory basis on the date hereof in its state of domicile.
Appears in 3 contracts
Samples: Automatic Reinsurance Agreement (Separate Account Fp of Axa Equitable Life Insurance Co), Automatic Reinsurance Agreement (Separate Account Fp of Axa Equitable Life Insurance Co), Automatic Reinsurance Agreement (Separate Account Fp of Axa Equitable Life Insurance Co)
GOOD FAITH AND FINANCIAL SOLVENCY. A. This Agreement is entered into in reliance on the utmost good faith of the parties including, for example, their representations and disclosuresdisclosures as expressly set forth in this agreement. It requires the continuing utmost good faith of the parties, their representatives, successors, and assigns.
B. Each party represents and warrants that it is solvent on a statutory basis on the date hereof in its state of domicile.
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Separate Account Fp of Axa Equitable Life Insurance Co)
GOOD FAITH AND FINANCIAL SOLVENCY. A. This Agreement AGREEMENT is entered into in reliance on the utmost good faith of the parties including, for example, their representations and disclosuresdisclosures as expressly set forth in this AGREEMENT. It requires the continuing utmost good faith of the parties, their representatives, successors, and assignsassigns in the performance of this AGREEMENT.
B. Each party represents and warrants that it is solvent on a statutory basis on the date hereof in its state of domicile.
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Separate Account Fp of Axa Equitable Life Insurance Co)
GOOD FAITH AND FINANCIAL SOLVENCY. This Agreement is entered into in reliance on the utmost good faith of the parties including, for example, their representations and disclosures. It requires the continuing utmost good faith of the parties, their representatives, successors, and assigns. Each party represents and warrants to the other party that it is in compliance with all material applicable legislation and regulations, including without limitation, those relating to solvency, reserves and capitalization.
Appears in 1 contract
Samples: Automatic Yrt Agreement (Massachusetts Mutual Variable Life Separate Account I)
