CONVERSIONS AND EXCHANGES. A. If any policy ceded automatically under this Agreement is exchanged for another policy that is listed in Exhibit III, the new policy shall be reinsured on the basis described in Article I based upon the policy date, age and underwriting classification of the new policy.
CONVERSIONS AND EXCHANGES. If a policy reinsured under any of the agreement or any other agreement with the reinsurer, is converted or exchanged without new evidence of insurability, the new policy will be automatically reinsured.
CONVERSIONS AND EXCHANGES. A. If any policy covered automatically under this Agreement is exchanged for, or converted to, another policy, the Ceding Company will recapture reinsurance under this Agreement up to its retention limit as shown in Exhibit II. The Reinsurer will reinsure its proportionate share of the excess above the Ceding Company's retention, up to its automatic binding limit shown in Exhibit I. Reinsurance premiums will be those shown in Exhibit IV, based upon policy date, age and underwriting classification of the original policy.
CONVERSIONS AND EXCHANGES. For the purpose of calculating the premium for reinsurance of conversions or exchanges of policies reinsured with the LINCOLN to the REINSURED'S Flexible Life Plan, on policies (a) without an increase in the face amount of the original policy, the date of issue of the converted policy shall be considered the date of the original policy; (b) with an increase in the face amount, the date of issue of the reinsurance of the original policy plus the increase shall be considered the date of issue of the converted policy if new underwriting is obtained. For a conversion or exchange of several policies to a single policy reinsured under this agreement, the date of issue of the original policy shall be considered to the date of issue of the most recent underwritten policy. WAIVER OF PREMIUM DISABILITY, PAYOR BENEFITS, AND ACCIDENTAL DEATH BENEFITS The premium which the REINSURED charges the insured on the amount reinsured less total allowances of 100% first year and 10% in renewal years. COST OF INSURANCE TABLES Omitted 13 Pages AMENDMENT to the Risk Premium Reinsurance Agreement between the STATE MUTUAL LIFE ASSURANCE COMPANY OF AMERICA of Worcester, Massachusetts, hereinafter referred to as the "REINSURED", and THE LINCOLN NATIONAL LIFE INSURANCE COMPANY of Fort Xxxxx, Indiana, hereinafter referred to as the "LINCOLN," effective August 1, 1983.
CONVERSIONS AND EXCHANGES. If the securities sold were acquired from the issuer solely in exchange for other securities of the same issuer, the newly acquired securities shall be deemed to have been acquired at the same time as the securities surrendered for conversion or exchange, even if the securities surrendered were not convertible or exchangeable by their terms. Note to Rule 230.144(d)(3)(ii). If the surrendered securities originally did not provide for cashless conversion or exchange by their terms and the holder provided consideration, other than solely securities of the same issuer, in connection with the amendment of the surrendered securities to permit cashless conversion or exchange, then the newly acquired securities shall be deemed to have been acquired at the same time as such amendment to the surrendered securities, so long as, in the conversion or exchange, the securities sold were acquired from the issuer solely in exchange for other securities of the same issuer.
CONVERSIONS AND EXCHANGES. If the Shares are converted into or exchanged for, or Stockholders of the Company receive by reason of any distribution in total or partial liquidation, securities of another corporation, or other property (including cash), pursuant to any merger of the Company or acquisition of its assets, then the rights of the Company’s successor and this Agreement will apply to the securities or other property received upon such conversion, exchange or distribution in the same manner and to the same extent as the Shares.
CONVERSIONS AND EXCHANGES. On and after the Service Transfer Date, the Reinsurer shall issue under the Company's name (a) all conversion Policies to which Policyholders are entitled upon the exercise of their conversion rights under the terms and conditions of Policies reinsured hereunder and (b) at the Company's written direction, any conversion and exchange Policy which the Company is obligated to issue upon the exercise of conversion or exchange rights under the terms and conditions of any insurance contract issued by the Company. The conversion and exchange Policies issued pursuant to this Section 4.11 shall be issued on the Company's policy forms then filed with and approved by the applicable insurance regulatory authorities. The Company and Reinsurer agree that unless changes are mandated by regulatory authorities, the conversion and exchange policies which Reinsurer shall issue are those which are identified in Schedule 4.11 to this Agreement, at the rates in effect on the Closing Date or otherwise agreed to by Reinsurer. Aside from issuing conversion and exchange Policies subject to the terms and conditions of this Section 4.11, the Reinsurer shall not issue any insurance contracts under the Company's name. For any Group policy conversion, the Company will pay the Reinsurer sixty-five dollars ($65.00)per $1000 of insurance volume converted.
CONVERSIONS AND EXCHANGES. Notwithstanding anything set forth in this Agreement to the contrary, the provisions of this Article 4 shall not apply to (i) conversions of Member Common Stock or (ii) exchanges of LLC Units for Class A Common Stock in accordance with this Agreement and the Manager Certificate.
CONVERSIONS AND EXCHANGES. A. If any policy greater than or equal to $1,750,000 that was ceded automatically
