Common use of Ceding Company’s Obligation to Indemnify Clause in Contracts

Ceding Company’s Obligation to Indemnify. The Ceding Company hereby agrees to indemnify, defend and hold harmless the Reinsurer and its Affiliates and their respective officers, directors, stockholders, employees, representatives, successors and assigns (collectively, the “Reinsurer Indemnified Parties”) from and against any and all Indemnifiable Losses incurred by the Reinsurer Indemnified Parties (a) to the extent resulting from or arising out of (i) any breach by the Ceding Company of the representations, warranties, covenants or agreements of the Ceding Company contained in this Agreement or (ii) any Excluded Liabilities or (b) as set forth in Section 2.4 or Section 2.5.

Appears in 3 contracts

Samples: Reinsurance Agreement (VARIABLE ANNUITY ACCOUNT B OF VOYA RETIREMENT INSURANCE & ANNUITY Co), Reinsurance Agreement (Select Life Variable Account), Reinsurance Agreement (Select Life Variable Account)

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Ceding Company’s Obligation to Indemnify. The Ceding Company hereby agrees to indemnify, defend and hold harmless the Reinsurer and its Affiliates and their respective officers, directors, stockholders, employees, representatives, successors and assigns (collectively, the “Reinsurer Indemnified Parties”) from and against any and all Indemnifiable Losses incurred by the Reinsurer Indemnified Parties (a) to the extent resulting arising from or arising out of (i) any breach by the Ceding Company of the representations, warranties, covenants or and agreements of the Ceding Company contained in this Agreement or Agreement, (ii) any Excluded Liabilities Ceding Company Extra-Contractual Obligations, or (biii) as set forth in Section 2.4 or Section 2.5any successful enforcement of this indemnity.

Appears in 1 contract

Samples: Master Transaction Agreement (Assurant Inc)

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