Common use of UNFAIR PRACTICES Clause in Contracts

UNFAIR PRACTICES. The Company shall cooperate with the Reinsurer in preserving and exercising all legal and contractual rights that may be available to the Company against any person who shall "twist," rewrite, or solicit the lapse or termination of, any of the Coinsured Policies, or who shall otherwise engage in any unfair or deceptive acts or practices in connection with the Coinsured Policies, which acts or practices have caused or may result in deterioration of the block of Policies reinsured by the Reinsurer or in injury to the Reinsurer's commercial interests. The Company shall have the right to approve any action proposed to be taken by, on behalf of, or in the name of, the Company under this Section 5.8, which approval shall not be unreasonably withheld. The Reinsurer shall indemnify, defend and hold the Company harmless from and against any Losses (as defined at Article IX hereof) incurred by the Company as a result of actions taken by or at request of the Reinsurer under this Section 5.8.

UNFAIR PRACTICES. The Company shall cooperate with the Reinsurer in preserving and exercising all legal and contractual rights that may be available to the Company against any person who shall "twist," rewrite, or solicit the lapse or termination of, any of the Coinsured Policies, or who shall otherwise engage in any unfair or deceptive acts or practices in connection with the Coinsured Policies, which acts or practices have caused or may result in deterioration of the block of Policies reinsured by the Reinsurer or in injury to the Reinsurer's ’s commercial interests. The Company shall have the right to approve any action proposed to be taken by, on behalf of, or in the name of, the Company under this Section 5.86.8, which approval shall not be unreasonably withheld. The Reinsurer shall indemnify, defend and hold the Company harmless from and against any Losses (as defined at Article IX hereof) Loss incurred by the Company as a result of actions taken by or at request of the Reinsurer under this Section 5.8Section.