Common use of Closing Items Clause in Contracts

Closing Items. (a) At the Closing, VFL shall execute (where appropriate) and deliver to Purchaser the following: (i) the Coinsurance Agreement; (ii) the Administrative Services Agreement; (iii) the Trademark and Service ▇▇▇▇ Assignment Agreement; and (iv) the certificates of VFL referred to in Section 6.01 hereof. VFL shall also (i) transfer cash to the Purchaser in accordance with Section 2.02(b), (ii) transfer certain additional Transferred Assets to Purchaser in accordance with Section 2.02 hereof and (iii) deliver to Purchaser a true and correct list of all variable annuity contracts and certificates and variable life insurance policies and certificates included in the Insurance Contracts that are in effect as of the Closing Date. VFL shall also assign to the Purchaser all Reinsurance Recoveries on or after the Effective Date under the Ceded Reinsurance Agreements. (b) At the Closing, Purchaser shall execute (where appropriate) and deliver to VFL the following: (i) the Coinsurance Agreement; (ii) the Administrative Services Agreement; (iii) the Trademark and Service ▇▇▇▇ Assignment Agreement; and (iv) the certificates of Purchaser referred to in Section 7.01 hereof. (a) Purchaser shall also transfer an aggregate amount equal to the Ceding Commission plus the Preliminary Purchase Price to VFL.

Appears in 3 contracts

Sources: Transfer Agreement (Jackson VFL Variable Annuity Separate Account), Transfer Agreement (Jackson VFL Variable Life Separate Account), Transfer Agreement (Jackson VFL Variable Annuity Separate Account)