Common use of Reinsurance and Assignments Clause in Contracts

Reinsurance and Assignments. The Insurer shall have the right to give participation in its rights under this Agreement and to enter into contracts of reinsurance with respect to the Policies, provided that the Insurer agrees that any such disposition will not alter or affect in any way whatsoever the Insurer's direct obligations hereunder and under the Policies. Neither Aeltus nor the Fund may assign its obligations under this Agreement without the prior written consent of the Insurer.

Reinsurance and Assignments. The Insurer shall have the right to give participation in its rights under this Agreement and to enter into contracts of reinsurance with respect to the Policies, provided that the Insurer agrees that any such disposition will not alter or affect in any way whatsoever the Insurer's direct obligations hereunder and under the Policies. Neither Aeltus nor The Investment Adviser, the Sub-Adviser, or the Fund may not assign its obligations under this Agreement without the prior written consent of the Insurer.