Common use of No Duplication; Exclusive Remedy Clause in Contracts

No Duplication; Exclusive Remedy. Any Liability for indemnification hereunder or under any Transaction Agreement shall be determined without duplication of recovery by reason of the same Loss. For the avoidance of doubt, any such Liability for indemnification of the Ceding Company Indemnified Parties shall be determined without duplication of recovery as between each of the Ceding Company Indemnified Parties.

Appears in 2 contracts

Sources: Administrative Services Agreement (Minnesota Life Variable Life Account), Administrative Services Agreement (Variable Annuity Account)