Common use of Reinsurance and Assignments Clause in Contracts

Reinsurance and Assignments. The Insurer shall have the right to give participations in its rights under this Agreement and to enter into contracts of reinsurance with respect to the Policy, 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 Policy. The Adviser shall have the right to assign its rights and obligations under this Agreement to an affiliate of the Adviser, provided that there would be no change of control (meaning an event or events that would constitute an "assignment" under or for purposes of the Investment Company Act or Investment Advisers Act) as a result of such assignment, the assignee assumes all of the Adviser's obligations hereunder, and the Adviser gives written notice of such assignment to the Insurer. Except as expressly provided above in this Section 8.01, none of the Insurer, the Adviser or the Fund may assign its obligations under this Agreement without the prior written consent of the other parties to the Agreement.

Reinsurance and Assignments. The Insurer shall have the right to give participations in its rights under this Agreement and to enter into contracts of reinsurance with respect to the Policy, 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 Policy. The Adviser shall have the right to assign its rights and obligations under this Agreement to an affiliate of the Adviser, provided that there would be no change of control (meaning an event or events that would constitute an "assignment" under or for purposes of the Investment Company Act or Investment Advisers Act) Act of as a result of such assignment, the assignee assumes all of the Adviser's obligations hereunder, and the Adviser gives written notice of such assignment to the Insurer. Except as expressly provided above in this Section 8.01, none of the Insurer, the Adviser or the Fund may assign its obligations under this Agreement without the prior written consent of the other parties to the Agreement.

Reinsurance and Assignments. The Insurer shall have the right to give participations in its rights under this Agreement and to enter into contracts of reinsurance with respect to the Policy, provided 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 Policy. The Adviser shall have the right to assign its rights and obligations under this Agreement to an affiliate of the Adviser, provided PROVIDED that there would be no change of control (meaning an event or events that would constitute an "assignment" under or for purposes of the Investment Company Act or Investment Advisers Act) as a result of such assignment, the assignee assumes all of the Adviser's obligations hereunder, and the Adviser gives not less than thirty (30) Business Days prior written notice of such assignment to the Insurer. Except as expressly provided above in this Section SECTION 8.01, none of the Insurer, the Adviser or the Fund may assign its obligations under this Agreement without the prior written consent of the other parties to the Agreement.

Reinsurance and Assignments. The Insurer shall have the right to give participations in its rights under this Agreement and to enter into contracts of reinsurance with respect to the Policy, provided that the Insurer agrees that any such disposition will not alter or affect in any way whatsoever the Insurer's direct obligations hereunder hereunder, under the Indemnification Agreement, and under the Policy. The Adviser shall have the right to assign its rights and obligations under this Agreement to an affiliate of the Adviser, provided that there would be no change of control (meaning an event or events that would constitute an "assignment" under or for purposes of the Investment Company Act or Investment Advisers Act) as a result of such assignment, the assignee assumes all of the Adviser's obligations hereunder, and the Adviser gives not less than thirty (30) Business Days prior written notice of such assignment to the Insurer. Except as expressly provided above in this Section 8.01, none of the Insurer, the Adviser Adviser, the Calculation Agent or the Fund may assign its obligations under this Agreement without the prior written consent of the other parties to the Agreement.