Common use of Partial Refund Clause in Contracts

Partial Refund. If the Administrator resigns or its appointment is revoked for cause pursuant to any of the Issuance Documents under which the Administrator has duties or obligations, the Administrator will repay to Hartford Life such unused part of any fee paid to it as may be agreed between the Administrator and Hartford Life but no more than the prorated amount.

Appears in 2 contracts

Sources: Expense and Indemnity Agreement (Hartford Life Insurance Co), Expense and Indemnity Agreement (Hartford Life Insurance Co)

Partial Refund. If the Administrator resigns or its appointment is revoked for cause pursuant to any of the Issuance Program Documents under which the Administrator has duties or obligations, the Administrator will repay to Hartford Life such unused part of any fee paid to it as may be agreed between the Administrator and Hartford Life but no more than the prorated amount.

Appears in 1 contract

Sources: Expense and Indemnity Agreement (Hartford Life Insurance Co)