Common use of Decision Authority Clause in Contracts

Decision Authority. (a) Notwithstanding any other provision of this Agreement to the contrary, HLIC shall have the right to direct the Administrator to perform any action necessary with respect to the Administered Business or the administration thereof to comply with Applicable Law, or to cease performing any action that constitutes a violation of Applicable Law to the extent such action, inaction or administration is within the control of the Administrator, in each case, taking into account the recommendations of the Administrator provided to HLIC hereunder, which HLIC shall only reject in good faith and in light of the intent of the parties to, and the stated purposes of, the Purchase Agreement, the Ancillary Agreements and this Agreement. The Administrator shall have the right to request HLIC to perform any action necessary for the Covered Insurance Policies, the Separate Accounts, and Existing Reinsurance Agreements or the administration thereof to comply with Applicable Law, or to cease performing any action that constitutes a violation of Applicable Law and HLIC shall use commercially reasonable efforts to comply with such request. (b) In the event of any dispute as to whether or not an action is required or should be suspended in order to comply with Applicable Law, such dispute shall be referred to the Coordinators, pursuant to Section 17.03.

Decision Authority. (a) Notwithstanding any other provision of this Agreement to the contrary, HLIC I▇▇ shall have the right to direct the Administrator to perform any action necessary with respect to the Administered Business or the administration thereof to comply with Applicable Law, or to cease performing any action that constitutes a violation of Applicable Law to the extent such action, inaction or administration is within the control of the Administrator, in each case, taking into account the recommendations of the Administrator provided to HLIC I▇▇ hereunder, which HLIC I▇▇ shall only reject in good faith and in light of the intent of the parties to, and the stated purposes of, the Purchase Agreement, the Ancillary Agreements and this Agreement. The Administrator shall have the right to request HLIC I▇▇ to perform any action necessary for the Covered Insurance Policies, the Separate Accounts, and Existing Reinsurance Agreements or the administration thereof to comply with Applicable Law, or to cease performing any action that constitutes a violation of Applicable Law and HLIC I▇▇ shall use commercially reasonable efforts to comply with such request. (b) In the event of any dispute as to whether or not an action is required or should be suspended in order to comply with Applicable Law, such dispute shall be referred to the Coordinators, pursuant to Section 17.0318.03.

Decision Authority. (a) Notwithstanding any other ▇▇her provision of this Agreement to the contrary, HLIC ILA shall have the right to direct the Administrator to perform any ▇▇▇ action necessary with respect to the Administered Business or the administration thereof to comply with Applicable Law, or to cease performing any action that constitutes a violation of Applicable Law to the extent such action, inaction or administration is within the control of the Administrator, in each case, taking into account the recommendations of the Administrator provided to HLIC ILA hereunder, which HLIC ▇▇A shall only reject in good faith and in light of the intent of the o▇ ▇he parties to, and the stated purposes of, the Purchase Agreement, the Ancillary Agreements and this Agreement. The Administrator shall have the right to request HLIC ILA to perform any action necessary for the Covered Insurance PoliciesPo▇▇▇ies, the Separate Accounts, and Existing Reinsurance Agreements or the administration thereof to comply with Applicable Law, or to cease performing any action that constitutes a violation of Applicable Law and HLIC ILA shall use commercially reasonable efforts to comply with such requestsuc▇ ▇equest. (b) In the event of any dispute as to whether or not an action is required or should be suspended in order to comply with Applicable Law, such dispute shall be referred to the Coordinators, pursuant to Section 17.0318.03.