Dampkraft Assumption and Novation. Notwithstanding anything in any Existing Reinsurance Agreement to the contrary, and effective as of the Assumption Time, Creole hereby transfers and assigns, and Dampkraft hereby assumes by novation, so much of each Novated-to-Creole Reinsurance Agreement as reinsures any Company SpinCo Obligation. In connection with such transfer, assignment, and novation:
Appears in 4 contracts
Samples: Reinsurance Novation and Assumption Agreement, Reinsurance Novation and Assumption Agreement (Babcock & Wilcox Enterprises, Inc.), Reinsurance Novation and Assumption Agreement (Babcock & Wilcox Enterprises, Inc.)
