Common use of Transfer of Servicing Obligations Clause in Contracts

Transfer of Servicing Obligations. On and after the date on which a service is no longer being provided pursuant to the Transition Services Agreement, and pursuant to the NY Administrative Services Agreement, the Reinsurer has agreed to provide Policyholder service for the Policies and the Post-Closing Policies and to supply to the Company on a timely basis copies of accounting and other records pertaining to such service. The parties hereby agree that the Policies and the Post-Closing Policies shall be administrated pursuant to the NY Administrative Services Agreement. Reinsurer’s compensation for all services provided to the Company pursuant to the NY Administrative Services Agreement shall be included in the reinsurance premium paid by the Company to Reinsurer pursuant to Section 3.2 above and the Company shall not be obligated to pay any additional monies to Reinsurer for such administrative services.

Transfer of Servicing Obligations. On and after the date on which a service is no longer being provided pursuant to the Transition Services Agreement, and pursuant to the NY Administrative Services Agreement, the Reinsurer has agreed to provide Policyholder service for the Policies and the Post-Closing Policies and to supply to the Company on a timely basis copies of accounting and other records pertaining to such service. The parties hereby agree that the Policies and the Post-Closing Policies shall be administrated pursuant to the NY Administrative Services Agreement. Reinsurer’s 's compensation for all services provided to the Company pursuant to the NY Administrative Services Agreement shall be included in the reinsurance premium paid by the Company to Reinsurer pursuant to Section 3.2 above and the Company shall not be obligated to pay any additional monies to Reinsurer for such administrative services.