VARIOUS OTHER TERMS. A. This Contract shall be binding upon and inure to the benefit of the Company and Reinsurer and their respective successors and assigns provided, however, that this Contract may not be assigned by either party without the prior written consent of the other which consent may be withheld by either party in its sole unfettered discretion. This provision shall not be construed to preclude the assignment by the Company of reinsurance recoverables to another party for collection.
Appears in 3 contracts
Samples: Reinsurance Contract (Penn Millers Holding Corp), Penn Millers Holding Corp, Penn Millers Holding Corp
VARIOUS OTHER TERMS. A. This Contract shall be binding upon and inure to the benefit of the Company Reinsured and Reinsurer and their respective successors and assigns provided, however, that this Contract may not be assigned by either party without the prior written consent of the other which consent may be withheld by either party in its sole unfettered discretion. This provision shall not be construed to preclude the assignment by the Company Reinsured of reinsurance recoverables to another party for collection.
Appears in 2 contracts
Samples: Philadelphia Consolidated Holding Corp, Philadelphia Consolidated Holding Corp
VARIOUS OTHER TERMS. A. This Contract Agreement shall be binding upon and inure to the benefit of the Company and Reinsurer Reinsurers and their respective successors and assigns provided, however, that this Contract Agreement may not be assigned by either party without the prior written consent of the other which consent may be withheld by either party in its sole unfettered discretion. This provision shall not be construed to preclude the assignment by the Company of reinsurance recoverables to another party for collection.
Appears in 1 contract
Samples: Reinsurance Agreement (Tower Group International, Ltd.)
VARIOUS OTHER TERMS. A. This Contract shall be binding upon and inure to the benefit of the Company and Reinsurer and their respective successors and assigns provided, however, that this Contract may not be assigned by either party without the prior written consent of the other which consent may be withheld by either party in its sole unfettered discretion. This provision shall not be construed to preclude the assignment by the Company of reinsurance recoverables to another party for collection.This
Appears in 1 contract
Samples: Casualty Excess of Loss Reinsurance Contract Effective (Penn Millers Holding Corp)
