Common use of Current Practices Clause in Contracts

Current Practices. The Ceding Company will not materially change or alter its annuity contract issuance criteria or practices, annuity contract administration or other administrative practices in effect on the Effective Date with respect to the Riders without the prior written consent of the Reinsurer. For purposes of this Paragraph 17, a material change or alteration is a change or alteration which would reasonably be expected to affect the liability or profitability of the Reinsurer under this Agreement (“Material Change”). If the Reinsurer does not consent to a Material Change, the Reinsurer’s rights, remedies and obligations hereunder shall be determined as if no such change occurred. Such consent shall not be unreasonably withheld.

Current Practices. The Ceding Company will not materially change change, alter or alter otherwise compromise its annuity contract issuance criteria or practicesunderwriting, annuity contract administration or other administrative practices in effect on the Effective Date with respect to the Base Annuities and Riders without the prior written consent of the Reinsurer. For purposes of this Paragraph 17Paragraph, a material change or alteration is a deemed to occur when such change or alteration which would reasonably be expected to could affect the liability or profitability of the Reinsurer under this Agreement (“Material Change”)Agreement. If the Reinsurer does not consent to a Material Changematerial change, the Reinsurer’s rights, remedies and obligations hereunder shall be determined as if no such change occurred. Such consent shall not be unreasonably withheld.