Common use of Transfer and Assumption Clause in Contracts

Transfer and Assumption. Effective as of the Effective Date, the Transferor hereby irrevocably assigns, transfers, and conveys to the Transferee, and the Transferee hereby accepts and assumes from the Transferor, (i) all of the Transferor’s rights, title, and interest in and to the Reinsurance Agreement, and (ii) all of the Transferor’s duties, obligations, and liabilities under the Reinsurance Agreements (whether existing now or arising hereafter with respect to periods on, before or after the Effective Date) (the “Transfer”).

Appears in 6 contracts

Samples: And Novation Agreement (WRL Series Annuity Account), , and Novation Agreement (Separate Account Va B), , and Novation Agreement (Separate Account Va B)

AutoNDA by SimpleDocs

Transfer and Assumption. Effective as of the Effective Date, the Transferor hereby irrevocably assigns, transfers, transfers and conveys to the Transferee, and the Transferee hereby accepts and assumes from the Transferor, (i) all of the Transferor’s rights, title, title and interest in and to the Reinsurance AgreementAgreements, and (ii) all of the Transferor’s duties, obligations, obligations and liabilities under the Reinsurance Agreements (whether existing now or arising hereafter with respect to periods on, before or after the Effective Date) (the “Transfer”).

Appears in 2 contracts

Samples: Assignment, Transfer and Novation Agreement (Country Investors Variable Life Account), Assignment, Transfer and Novation Agreement (Country Investors Variable Annuity Account)

AutoNDA by SimpleDocs

Transfer and Assumption. Effective as As of the Effective Date, the Transferor hereby irrevocably assigns, transfers, transfers and conveys to the Transferee, and the Transferee hereby accepts and assumes from the Transferor, (i) all of the Transferor’s 's rights, title, title and interest in and to the Reinsurance AgreementAgreements, and (ii) all of the Transferor’s 's duties, obligations, obligations and liabilities under the Reinsurance Agreements (whether existing now or arising hereafter with respect to periods on, before or after the Effective Date) (the "Transfer").

Appears in 1 contract

Samples: Assignment, Transfer and Novation Agreement (Ameritas Variable Separate Account V)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!