Waiver of Duty of Utmost Good Faith. In recognition that each Party has consummated the transactions contemplated by this Agreement, based on mutually negotiated representations, warranties, covenants, remedies and other terms and conditions as are fully set forth herein and therein, the Ceding Company and Reinsurer absolutely and irrevocably waives resort to the duty of "utmost good faith" or any similar principle in connection with the formation or performance of this Agreement.
Appears in 5 contracts
Samples: Reinsurance Agreement (Talcott Resolution Life Insurance Co Separate Account Seven), Reinsurance Agreement (Talcott Resolution Life & Annuity Insurance Co Separate Account Seven), Reinsurance Agreement (Talcott Resolution Life Insurance Co Separate Account Seven)
Waiver of Duty of Utmost Good Faith. In recognition that each Party has consummated the transactions contemplated by this AgreementAgreement and the Transaction Agreements to which it is a party, based on mutually negotiated representations, warranties, covenants, remedies and other terms and conditions as are fully set forth herein and therein, the Ceding Company and the Reinsurer absolutely and irrevocably waives waive resort to the duty of "utmost good faith" or any similar principle in connection with the formation or performance of this Agreement.
Appears in 3 contracts
Samples: Reinsurance Agreement (Hartford Life & Annuity Ins Co Separate Acount Vlii), Reinsurance Agreement (Hartford Life Insurance Co Separate Account Vl Ii), Reinsurance Agreement (Hartford Life Insurance Co Separate Account Two Dc Var Ac Ii)
Waiver of Duty of Utmost Good Faith. In recognition that each Party has consummated the transactions contemplated by this AgreementAgreement and the Transaction Agreements to which it is a party, based on mutually negotiated representations, warranties, covenants, remedies and other terms and conditions as are fully set forth herein and therein, the Ceding Company and the Reinsurer absolutely and irrevocably waives waive resort to the duty of "utmost good faith" or any similar principle in connection with the formation or performance of this Agreement.. ARTICLE IX MISCELLANEOUS SECTION
Appears in 1 contract
Samples: Reinsurance Agreement
