Termination of Administrative Services Agreement. Following any termination of the Administrative Services Agreement and without limiting the Ceding Company’s right under Section 8.3 to recapture the reinsurance ceded to the Reinsurer under this Agreement, the following shall apply until the Ceding Company so recaptures such reinsurance or all liabilities of the Ceding Company under all Covered Insurance Policies are terminated in accordance with the respective terms thereof, whichever occurs first:
Appears in 2 contracts
Samples: Reinsurance Agreement (Coli Vul 2 Series Account), Reinsurance Agreement (COLI VUL-2 Series Account of Great-West Life & Annuity Insurance Co of New York)
Termination of Administrative Services Agreement. Following any termination of the Administrative Services Agreement and without limiting the Ceding Company’s right under Section 8.3 to recapture the reinsurance ceded to the Reinsurer under this Agreement, the following shall apply until the Ceding Company so recaptures such reinsurance or all liabilities of the Ceding Company under all Covered Insurance Policies are terminated in accordance with the respective terms thereof, whichever occurs firstapply:
Appears in 2 contracts
Samples: Reinsurance Agreement (Variable Annuity 1 Series Account), Reinsurance Agreement (Variable Annuity 1 Series Account)
