Common use of Requested Clause in Contracts

Requested. product modifications will be implemented only upon mutual agreement. During the Initial Term of this Agreement, if new terms are not mutually agreed to within one hundred and eighty (180) days after the date the proposal of the new product design changes is made, the contracting parties agree to resolve any dispute about proposed or requested modifications of product design by arbitration pursuant to Article XIV of this Agreement. After the Initial Term, if new terms are not mutually agreed to within one hundred and eighty (180) days after the date any product design changes are proposed, this Agreement will terminate.

Appears in 3 contracts

Sources: Variable Annuity Reinsurance Agreement (Country Investors Variable Annunity Account), Variable Universal Life Reinsurance Agreement (Country Investors Variable Life Account), Variable Universal Life Reinsurance Agreement (Country Investors Variable Life Account)