New Policies. The Company hereby authorizes and grants the Administrator the authority from and after the Effective Date until this Agreement is terminated in accordance with the terms hereof to reinstate or reissue the Covered Insurance Policies and issue New Policies in the name of the Company (i) pursuant to existing contractual commitments under Covered Insurance Policies, such as conversion rights, or (ii) subject to Section 5.14(e) of the Master Agreement, to offer directly to any holder of a Covered Insurance Policy any enhancement or modification of the terms of such Covered Insurance Policies. The Administrator shall have the sole and exclusive right to make decisions with respect to the reinstatement, reissuance or issuance of the Covered Insurance Policies, subject to compliance with Applicable Law and the terms and conditions set forth in the applicable Covered Insurance Policies, the Reinsurance Agreement, the Master Agreement and this Agreement. All costs and expenses associated with the reinstatement, reissuance or issuance of New Policies shall be borne by the Administrator, without duplication of amounts payable under the Reinsurance Agreement.
New Policies. During the period that begins at the Effective Time and ends on the Marketing Termination Date, New Policies will be issued by Ceding Company at the request of Reinsurer; provided, however, that a New Policy that is delivered after the Marketing Termination Date but that has an effective date that is on or prior to the Marketing Termination Date shall, for the purposes of this Section 3.6 and of Section 3.7, be deemed issued on such effective date. Each New Policy will have a term not to exceed one (1) year from its effective date; provided, however, that a New Policy may have a term not to exceed two (2) years from its effective date or may provide a guaranteed Premium rate for an initial two-year period from its effective date, if such New Policy is issued prior to the Marketing Termination Date in the ordinary course of business consistent with Ceding Company’s past practices. Reinsurer will pay all expenses and perform all responsibilities related to the issue of any New Policies as permitted under this Agreement, including but not limited to all expenses related to agent appointments, commissions, marketing and printing. A New Policy may not include any term or condition that would prevent the termination of such policy on or at any time after the Policy Termination Date, other than a term that is the same as is contained in one of the forms of New Policies set forth in Exhibit C providing for a prior notice of termination or an effective date of termination. Reinsurer will provide and maintain all documentation related to the appointment of agents in connection with the sale or issue of New Policies. Ceding Company will cooperate with such agent appointments but it may, in its reasonable discretion, terminate the appointment of any agent following prior notice to Reinsurer of such intended action if, in Ceding Company’s reasonable judgment, such agent is creating an unreasonable business or legal risk for Ceding Company. Ceding Company will promptly terminate the appointment of any agent to sell New Policies if directed in writing to do so by Reinsurer. In marketing New Policies as permitted under this Agreement, Reinsurer may use only those marketing materials approved for use by Ceding Company at the Effective Time or that may be approved by Ceding Company after the Effective Time at the request of Reinsurer, such approval not to be unreasonably withheld, conditioned or delayed. Reinsurer may not otherwise use Ceding Company’s name, logo, trademark...
New Policies. The District shall consider input from the Association on all new policies. Upon request from the Association the District shall negotiate the impact of any new policy impacting mandatory subjects of bargaining (wages, hours, and terms and conditions of employment). Policy handbooks shall be available to staff in the school library and staff will be notified of all policy changes through posting of the Board agenda and minutes in the faculty room.
New Policies. The Medical Center agrees to provide the Association notice of policy changes materially affecting mandatory subjects of bargaining by copying the Union Secretary.
New Policies. No new policies shall be adopted and/or implemented unless that policy has been offered to the CEA for review and input before final adoption by the Board.
New Policies. No new policies affecting employee wages, hours, and terms and conditions of employment shall be adopted and/or implemented unless such policy has been mutually agreed to by the Parties.
New Policies. As of the respective dates indicated on Schedule 5.1, HRI obtained binders for the new business insurance policies listed on such Schedule, which policies by their terms became or become effective no later than the Closing Date. HRI is responsible for paying all premiums required under such policies, and to the extent any such premiums became due prior to the IPO Effective Date HRI has paid such premiums.
New Policies. If either Party dies while in breach of the provisions of this Exhibit, any new policy or policies of life insurance acquired after the execution of this Agreement insuring that Party’s life shall be deemed to have been intended by the insured Party to secure the obligations set forth in this Exhibit, regardless of any other beneficiary designation. In that event, the after-acquired insurance policy or policies shall be payable to the other Party (or, if applicable, the Insurance Trust), in an amount no less than that required for coverage under this Exhibit, as if the insured Party or Insurance Trust had duly maintained the specifically identified life insurance policies referenced in this Exhibit with the beneficiary designations required under this Exhibit.
New Policies. The Company hereby authorizes and grants the Administrator the authority during the Transition Period to issue and renew, in accordance with the terms of the Distribution Agreement and the Wholesaling Agreement, in the Company’s name (including in the name of any successor to the Company by merger or otherwise) individual life and annuity contracts of the types described in Schedule V hereto (each such new contract, together with any contract issued pursuant to Section 3.6(b), an “Additional Insurance Contract” and collectively, the “Additional Insurance Contracts”), provided that the application for any Additional Insurance Contract is received by or on behalf of the Company on or before December 31, 2018. In addition, the Company hereby authorizes and grants the Administrator the authority, during the period from the Closing Date through [REDACTED], to appoint as agents of the Company those insurance agents identified in the Distribution Agreement or Wholesaling Agreement to solicit applications for Additional Insurance Contracts thereunder. The Administrator shall be responsible for ensuring that all state insurance licensing and appointment fees necessary for such agents to sell such Additional Insurance Contracts are paid. The Administrator agrees that neither it nor any of its Affiliates will amend the Distribution Agreement or the Wholesaling Agreement with respect to the Additional Insurance Contracts without the prior written consent of the Company (which shall not be unreasonably withheld, conditioned or delayed). The Company hereby authorizes and grants the Administrator the authority from and after the Closing Date until this Agreement is terminated in accordance with the terms hereof to reinstate or reissue Reinsured Contracts and issue and renew insurance contracts in the name of the Company (including in the name of any successor to the Company by merger or otherwise), in each case pursuant to existing contractual commitments under Reinsured Contracts, including term life conversion rights, renewal rights, guaranteed insurability options and universal life increase options. The Administrator shall have the sole and exclusive right to make decisions with respect to the reinstatement, reissuance, issuance or renewal of the Reinsured Contracts, subject to compliance with Applicable Law and the terms and conditions set forth in the applicable Reinsured Contracts. Except for changes required by Applicable Law, any and all Additional Insurance Con...
New Policies. From and after the Effective Date, the Company shall issue in its name (a) new Policies issued or reinstated pursuant to Section 5.4 or 5.5(a) and (b) new Policies issued or renewed in accordance the terms of the Administrative Services Agreement.
