AGENCY OR AGENT RESPONSIBILITY Sample Clauses

AGENCY OR AGENT RESPONSIBILITY. As a material inducement for entering this Agreement, Agency or Agent hereby warrants and represents that it is authorized and entitled to receive all fees, commissions and other sums that may be payable hereunder by MGA and that Agency or Agent possesses and shall maintain for as long as this Agreement is in effect, all licenses which may be required to accept and receive such compensation. Agency or Agent shall be solely responsible for any payment which may be due to an agent for any commission or other sum and shall indemnify and hold MGA and Company harmless for any claims, demands, actions, payments, expenses, attorney’s fees and costs (at all pretrial, trial, appellate, and post-judgment levels), and liability for any such commission or payment demanded or claimed by any agent, employee, or representative of the Agency or Agent.
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AGENCY OR AGENT RESPONSIBILITY. As a material inducement for entering this AGREEMENT, AGENCY or AGENT hereby warrants and represents that it is authorized and entitled to receive all fees, commissions and other sums that may be payable hereunder by MGA and that AGENCY or AGENT possesses and shall maintain for as long as this AGREEMENT is in effect, all licenses which may be required to accept and receive such compensation. AGENCY or AGENT shall be solely responsible for any payment that may be due to an employed agent, producer or authorized sub producer of the AGENCY or AGENT for any commission or other sum and does indemnify and hold MGA and CARRIERS harmless for any claims, demands, actions, payments, expenses, attorney's fees and costs (at all pretrial, trial, appellate, and post-­‐judgment levels), and liability for any such commission or payment demanded or claimed by any agent, employee, or representative of the AGENCY or AGENT.

Related to AGENCY OR AGENT RESPONSIBILITY

  • Payment Responsibility The payment obligations of each Participating Manufacturer pursuant to this Agreement shall be the several responsibility only of that Participating Manufacturer. The payment obligations of a Participating Manufacturer shall not be the obligation or responsibility of any Affiliate of such Participating Manufacturer. The payment obligations of a Participating Manufacturer shall not be the obligation or responsibility of any other Participating Manufacturer. Provided, however, that no provision of this Agreement shall waive or excuse liability under any state or federal fraudulent conveyance or fraudulent transfer law. Any Participating Manufacturer whose Market Share (or Relative Market Share) in any given year equals zero shall have no payment obligations under this Agreement in the succeeding year.

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