Common use of Termination and Indemnification Clause in Contracts

Termination and Indemnification. (a) Any Party may terminate this Agreement as to itself at any time and for any reason by providing the other Parties at least thirty (30) days’ prior written notice of its desired termination date; provided, however, that (i) any Party hereto may terminate this Agreement as to itself immediately upon the insolvency of another Party or the appointment of a conservator, liquidator or statutory successor of another Party, except as described in Section 21, and (ii) a non-breaching Party may terminate this Agreement as to itself upon any material breach of any material term of this Agreement by another Party, where such other Party fails to cure such breach within fifteen (15) days following receipt of written notice thereof.

Appears in 4 contracts

Samples: Shared Services and Cost Sharing Agreement (Athene Annuity & Life Co), Shared Services and Cost Sharing Agreement (Athene Annuity & Life Co), Shared Services and Cost Sharing Agreement (Athene Annuity & Life Co)

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