Establishment of Bank Accounts. (a) The Administrator shall have the right to open and maintain the Bank Accounts in respect of the LBL Contracts in accordance with the terms of the Reinsurance Agreement, provided that the Administrator shall notify the Company in writing upon opening any such Bank Account in the name of the Company.
Appears in 3 contracts
Samples: Administrative Services Agreement (Lincoln Benefit Life Co), Stock Purchase Agreement (Allstate Corp), Administrative Services Agreement (Lincoln Benefit Life Co)
Establishment of Bank Accounts. (a) The Administrator shall have the right to open and and/or maintain the Bank Accounts in respect of the LBL Reinsured Contracts in accordance with the terms of the Reinsurance Agreement, provided that the Administrator shall notify the Company in writing upon opening any such Bank Account in the name of the Company.
Appears in 2 contracts
Samples: Administrative Services Agreement (Merit Life Insurance Co.), Administrative Services Agreement (Merit Life Insurance Co.)
