Common use of Litigation Against Reinsurer Clause in Contracts

Litigation Against Reinsurer. There are no actions, suits, or proceedings pending or, to the knowledge of Reinsurer, threatened against Reinsurer at law or in equity, in, before, or by any Person, that individually or in the aggregate have or may reasonably be expected to have a material adverse effect on the validity or enforceability of the Transaction Documents or the transactions contemplated hereby.

Appears in 2 contracts

Samples: Indemnity Reinsurance Agreement, Indemnity Reinsurance Agreement (Independence Holding Co)

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Litigation Against Reinsurer. There are no actions, suits, investigations or proceedings pending or, or (to the best knowledge of Reinsurer, ) threatened against Reinsurer at law or in equity, in, before, or by any Personperson, that individually or in the aggregate have or may reasonably be expected to have a material adverse effect on the validity or enforceability of the Transaction Documents this Agreement or the transactions contemplated hereby.

Appears in 2 contracts

Samples: Coinsurance Agreement (Security National Financial Corp), Coinsurance Agreement (Security National Financial Corp)

Litigation Against Reinsurer. There are no actions, suits, investigations or proceedings pending or, or (to the best knowledge of the Reinsurer, ) threatened against the Reinsurer at law or in equity, in, before, or by any Personperson, that individually or in the aggregate have or may reasonably be expected to have a material adverse effect on the validity or enforceability of the Transaction Documents this Agreement or the transactions contemplated hereby.

Appears in 2 contracts

Samples: Coinsurance Reinsurance Agreement (Citizens Inc), Coinsurance Reinsurance Agreement (Citizens Inc)

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Litigation Against Reinsurer. There are no actions, suits, investigations or proceedings pending or, or (to the knowledge Knowledge of the Reinsurer, ) threatened against the Reinsurer at law or in equity, in, before, or by any Person, that individually or in the aggregate have or may would reasonably be expected to have a material adverse effect on the validity or enforceability of the Transaction Documents or the transactions contemplated herebyMaterial Adverse Effect.

Appears in 1 contract

Samples: Reinsurance and Asset Purchase Agreement (HealthMarkets, Inc.)

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