Common use of Reduction and Terminations Clause in Contracts

Reduction and Terminations. If any HD6+ rider is terminated or any of the underlying contracts associated with the HD6+ riders reinsured under this Agreement are terminated by payment of a death benefit, surrender or annuitization, the reinsurance with respect to that contract will be terminated subject to any party's right to payment under this Agreement with respect to such terminated rider.

Reduction and Terminations. If any HD6+ HD7 rider is terminated or any of the underlying contracts associated with the HD6+ HD7 riders reinsured under this Agreement are terminated by payment of a death benefit, surrender or annuitization, the reinsurance with respect to that contract will be terminated subject to any party's right to payment under this Agreement with respect to such terminated rider.

Reduction and Terminations. If any HD6HD7+ rider is terminated or any of the underlying contracts associated with the HD6HD7+ riders reinsured under this Agreement are terminated by payment of a death benefit, surrender or annuitization, the reinsurance with respect to that contract will be terminated subject to any party's right to payment under this Agreement with respect to such terminated rider.