Common use of Reinsurer’s Liability Clause in Contracts

Reinsurer’s Liability. The liability of the Reinsurer with respect to any annuity reinsured hereunder will begin simultaneously with that of the Ceding Company, but not prior to the Effective Date of this Agreement. The Reinsurer’s liability with respect to any annuity reinsured hereunder will terminate on the earliest of: (i) the date such annuity is recaptured; (ii) the date the Ceding Company’s liability on such annuity is terminated; or (iii) the date this Agreement is terminated. Termination of the Reinsurer’s liability is subject to payments in respect of such liability in accordance with the provisions of Article VIII of this Agreement. In no event should the interpretation of this Paragraph imply a unilateral right of the Reinsurer to terminate this Agreement, except as otherwise stated in this Agreement.

Reinsurer’s Liability. The liability of the Reinsurer with respect to any annuity reinsured hereunder will begin simultaneously with that of the Ceding Company, but not prior to the Effective Date of this Agreement. The Reinsurer’s 's liability with respect to any annuity reinsured hereunder will terminate on the earliest of: (i) the date such annuity is recaptured; (ii) the date the Ceding Company’s 's liability on such annuity is terminated; or (iii) the date this Agreement is terminated. Termination of the Reinsurer’s 's liability is subject to payments in respect of such liability in accordance with the provisions of Article VIII XII of this Agreement. In no event should the interpretation of this Paragraph imply a unilateral right of the Reinsurer to terminate this Agreement, except as otherwise stated in this Agreement.

Reinsurer’s Liability. The liability of the Reinsurer with respect to any annuity reinsured hereunder Annuity will begin simultaneously with that of the Ceding Company, but not prior to the date the first Annuity is issued by the Ceding Company (the "Effective Date of this AgreementDate"). The Reinsurer’s 's liability with respect to any annuity reinsured hereunder Annuity will terminate on the earliest of: (i) the date such annuity Annuity is recaptured; (ii) the date the Ceding Company’s 's liability on such annuity Annuity is terminated; or (iii) the date this Agreement is terminated. Termination of the Reinsurer’s 's liability is subject to payments in respect of such liability in accordance with the provisions of Article VIII of this Agreement. In no event should the interpretation of this Paragraph imply a unilateral right of the Reinsurer to terminate this Agreement, except as otherwise stated in this Agreement.