Common use of Increases or Decreases Clause in Contracts

Increases or Decreases. 1. In the event of a reduction in the face amount of a policy, the Reinsurer's Fac for Single Life Excess Pool Between HLIC and Canada Life Effective 4/01/2003 percentage of the reduced face amount shall be the same percentage as set at issue.

Increases or Decreases. 1. In the event of a reduction in the face amount of a policy, the Reinsurer's Fac for Single Life Excess Pool Between HLIC HLAIC and Canada Life Effective 4/01/2003 percentage of the reduced face amount shall be the same percentage as set at issue.