Common use of No New Business Clause in Contracts

No New Business. With respect to the Reinsured Policies, no new insurance or reinsurance treaties shall be reinsured by the Borrower after the Closing Date, other than as expressly permitted under the Reinsurance Agreement or Section 6.01(h)(ii).

Appears in 6 contracts

Samples: Reimbursement Agreement (Protective Life Insurance Co), Reimbursement Agreement (Protective Life Corp), Reimbursement Agreement (Protective Life Insurance Co)

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No New Business. With respect to the Reinsured Policies, no new insurance or reinsurance treaties shall be reinsured by the Borrower after the Original Closing Date, other than the UILIC Block and the MLOA Block or as expressly permitted under the Reinsurance Agreement or Section 6.01(h)(ii).

Appears in 2 contracts

Samples: Reimbursement Agreement (Protective Life Insurance Co), Reimbursement Agreement (Protective Life Corp)

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No New Business. With respect to the Reinsured Policies, no new insurance or reinsurance treaties shall be reinsured by the Borrower after the Original Closing Date, other than the UILIC Block or as expressly permitted under the Reinsurance Agreement or Section 6.01(h)(ii).

Appears in 2 contracts

Samples: Reimbursement Agreement (Protective Life Insurance Co), Reimbursement Agreement (Protective Life Corp)

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