Novated Contracts definition

Novated Contracts means, subject to the exceptions set forth in Section 2.7 hereof, the Novation Subject Contracts as to which (i) all applicable approvals from Governmental Authorities and all Required Consents of Policyholders have been obtained and (ii) Certificates of Assumption have become effective. For the avoidance of doubt, if a Novated Contract is no longer treated as a Novated Contract pursuant to Section 2.7, such Novation Subject Contract will continue to be treated as a Reinsured Contract.
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Novated Contracts has the meaning set forth in Section 3.11(b).
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Novated Contracts shall have the meaning set forth in Section 5.20(e). “Novation Agreement” shall have the meaning set forth in Section 5.20(b). “OCC” shall have the meaning set forth in Section 3.29(a).
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Examples of Novated Contracts in a sentence

  • The territorial limits of this Agreement shall be identical with those of the Novated Contracts.

  • In furtherance of the foregoing, at the Requesting Party’s reasonable request, the other Party shall meet with the Requesting Party and its Representatives upon reasonable notice and during normal business hours and for a reasonable period of time (but no more than once per calendar quarter) to discuss the administration of the Novated Contracts.

  • As of the applicable Effective Time, the Assuming Company shall be the successor to the Ceding Company under the Novated Contracts as if the Novated Contracts were the direct obligation of the Assuming Company.

  • All obligations for which the Assuming Company shall be liable under the Novated Contracts shall be subject in all material respects to the same terms, rates, conditions, interpretations, and rights of cancellation as are applicable to the Ceding Company.

  • For the avoidance of doubt, in no event shall the Assuming Company assume any Ceding Company Extra-Contractual Obligations relating to the Novated Contracts.


More Definitions of Novated Contracts

Novated Contracts shall have the meaning set forth in Article III ----------------- hereof.
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Novated Contracts means the contracts listed in Schedule 1 of the Telethon Deed of Novation;
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Novated Contracts shall have the meaning set forth in the Assumption Reinsurance Agreement.
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Novated Contracts has the meaning ascribed thereto in Section 7.4.
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Novated Contracts means (if applicable) the contracts specified by endorsement to the Policy.
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Novated Contracts means the Contracts set forth on Schedule 1.1(a)(vii).
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Novated Contracts means a Reinsured Contract that has been novated to the Reinsurer or another Affiliate of the Parties in accordance with applicable Law.
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