Common use of AUTOMATIC PROVISIONS Clause in Contracts

AUTOMATIC PROVISIONS. Subject to Article III, on or after the EFFECTIVE DATE of this Agreement, the CEDING COMPANY shall automatically cede and the REINSURER shall automatically accept the ANNUITY CONTRACTS that are covered by this Agreement.

Appears in 4 contracts

Sources: Reinsurance Agreement (Merrill Lynch Life Variable Annuity Separate Account A), Reinsurance Agreement (Merrill Lynch Life Variable Annuity Separate Account B), Reinsurance Agreement (Merrill Lynch Life Variable Annuity Separate Account D)

AUTOMATIC PROVISIONS. Subject to Article III, on or after the EFFECTIVE DATE of this Agreement, the CEDING COMPANY shall automatically cede and the REINSURER shall automatically accept the ANNUITY ACTIVE CONTRACTS that are covered by under this Agreement.

Appears in 2 contracts

Sources: Reinsurance Agreement (Separate Account Kg of First Allmerica Fin Life Ins Co), Variable Annuity GMDB Reinsurance Agreement (Separate Account Kg of First Allmerica Fin Life Ins Co)