Common use of Ceding Clause in Contracts

Ceding. Subject to the terms and conditions of this Agreement, the Company hereby cedes to Reinsurer and Reinsurer hereby reinsures one hundred percent (100%) of the Policy Obligations. Except for the Policy Obligations, the Company shall continue to have all liabilities not specifically reinsured by the Reinsurer hereunder, including any liabilities relating to any agreements or commitments issued in connection with the Policies which are not recognized or reserved for on the books of the Company, or arising out of the marketing, servicing or other relationships between the Company and any person, agent or entity, and the Company shall indemnify the Reinsurer and hold the Reinsurer harmless from all liabilities and costs incurred by the Reinsurer in respect to claims or litigation involving any such liabilities not specifically reinsured by the Reinsurer hereunder, as more fully set forth in Article XIV below.

Ceding. Subject to the terms and conditions of this Agreement, the Company hereby cedes to the Reinsurer and the Reinsurer hereby reinsures one hundred percent (100%) of the Policy Obligations. Except for the Policy Obligations, the Company shall continue to have all liabilities not specifically reinsured by the Reinsurer hereunderliabilities, including any liabilities relating to any agreements or commitments issued in connection with the Policies which are not recognized or reserved for on the books of the Company, or arising out of the marketing, servicing or other relationships between the Company and any person, agent or entity, and the Company shall indemnify the Reinsurer and hold the Reinsurer harmless from all liabilities and costs incurred by the Reinsurer in respect to claims claims, disputes, or litigation involving any such liabilities not specifically reinsured by the Reinsurer hereunder, as more fully set forth in Article XIV below.