Common use of SETTLEMENT ON TERMINATION Clause in Contracts

SETTLEMENT ON TERMINATION. No later than ninety (90) days after the effective date of termination of this Agreement, each party shall deliver to the other party a detailed written statement of all charges incurred and not included in any previous statement to the effective date of termination. The amount owned hereunder shall be due and payable within thirty (30) days of receipt of such statement. 10. ASSIGNMENT This Agreement and any rights pursuant hereto shall not be assignable by either party hereto, except as set forth herein or by operation of law. Except as and to the extent specifically provided in this Agreement, nothing in this Agreement, expressed or implied, is intended to confer on any person other than the parties hereto or their respective legal successors, any rights, remedies, obligations or liabilities, or to relieve any person other than the parties hereto or their respective legal successors from any obligations or liabilities that would otherwise be applicable. The covenants and agreements contained in this Agreement shall be binding upon, extend to and ensure to the benefit of the parties file:///I:/ProspectusUnit/VIAC%20Voya%20Insurance%20and%20Annuity%20Company... 10/27/2017 Page 290 of 294 hereto, their and each of their successors and assigns respectively.