Indemnification Required. Payments or transfers under Section 9.2 are in full settlement of our obligations under the contract. Prior to making such payments or transfers under Section 9.2, we may require the Contractholder and the Plan Sponsor to indemnify and hold us harmless from any and all losses, claims, or demands that may later be asserted against us in connection with the making of such payment or transfer.
Appears in 1 contract
Samples: Guaranteed Benefit Employer Sponsored Tda and Qualified Plan (Aul American Unit Trust)
Indemnification Required. Payments or transfers under Section 9.2 are in full settlement of our obligations [to the Plan Sponsor and its Participants] under the this contract. Prior to making such payments or transfers under Section 9.2, we may require the Contractholder [you and the the] Plan Sponsor to indemnify and hold us harmless from any and all losses, claims, or demands that may later be asserted against us in connection with the making of such payment or transfer.
Appears in 1 contract
Indemnification Required. Payments or transfers under Section 9.2 are in full settlement of our obligations under the this contract. Prior to making such payments or transfers under Section 9.2transfers, we may require the Contractholder you and the Plan Sponsor to indemnify and hold us harmless from any and all losses, claims, or demands that may later be asserted against us in connection with the making of such payment or transfer.
Appears in 1 contract
Indemnification Required. Payments or transfers under Section 9.2 are in full settlement of our obligations under the this contract. Prior to making such payments or transfers under Section 9.2, we may require the Contractholder you and the Plan Sponsor to indemnify and hold us harmless from any and all losses, claims, or demands that may later be asserted against us in connection with the making of such payment or transfer.
Appears in 1 contract
Samples: Guaranteed Benefit Employer Sponsored Tda and Qualified Plan (Aul American Unit Trust)
Indemnification Required. Payments or transfers under Section 9.2 are in full settlement of our obligations under the contractContract. Prior to making such payments or transfers under Section 9.2transfers, we may require the Contractholder and the Plan Sponsor to indemnify and hold us harmless from any and all losses, claims, or demands that may later be asserted against us in connection with the making of such payment or transfer.
Appears in 1 contract
Indemnification Required. Payments or transfers under Section §9.2 are in full settlement of our obligations under the this contract. Prior to making such payments or transfers under Section 9.2§9.2(a), we may require the Contractholder you and the Plan Sponsor to indemnify and hold us harmless from any and all losses, claims, or demands that may later be asserted against us in connection with the making of such payment or transfer.
Appears in 1 contract
Samples: Insurance Contract